Sterile Bottles Market

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2. STERILE BOTTLES MARKET ANALYSIS • Sterile Bottles Market, By Product Type (Aspirator Bottles, Dilution Bottles, Dispensing/Dropping Bottles, Sampling/Serum Bottles, Solution Bottles, Reagent bottles, Others), By Material (Glass, Plastic (Polypropylene, Polyethylene, Polystyrene, Others)), By Capacity (More than 4,000 mL, 4,000 mL to 1,000 mL, 1,000 mL to 250 mL, Less than 250 mL), By End-use Industries (Pharmaceuticals & Biological, Medical & Surgical, Food & Beverage, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

3. Packaging is an integral part of product manufacturing, which helps in ensuring product safety along with easy transportation of products. Sterile packaging, specially the sterile bottles, are being extensively used for storage and transportation in the pharmaceutical and medical industry. The sterile bottles are the bottles, which are being treated with certain chemicals to ensure that they are free from germs. • The global sterile bottles market is projected to reach around US$ 16.4 billion by the end of 2027, in terms of revenue, exhibiting a CAGR of 5.4% during the forecast period (2020-2027).

4. Drivers: • The growth of the global sterile bottles market is majorly driven by increasing demand for sterile bottles from the healthcare management facilities. The healthcare management is driving demand for sterility of equipment/ bottles used in laboratories and sample testing. The packages such as sterile bottles are an integral part of the packaging of numerous pharmaceutical products and it helps in protecting the medicinal contents from reacting with the elements of external environment. The use of sterile bottles for increasing the protection of drugs is also expected to drive growth of the market. Sterile bottles help in maintaining the quality of medical drugs and food & beverages.    • The Asia Pacific region is driving growth of the global market, owing to high presence of pharmaceutical manufacturing companies in the region. These companies use various methods for sterilization of bottles such as high temperature/ pressure sterilization, chemical sterilization, and radiation sterilization among others. Among region, North America held dominant position in the global sterile bottles market in 2019, accounting for 26.6% share in terms of value.

5. Figure 1. Global Sterile Bottles Market Revenue Share (%), By Region, 2018 Restraints: The cost of sterilizing the bottles is relatively high for the companies and it adds to the original cost of the bottles. This is expected to hinder the market growth. Moreover, production of sterile bottles is an energy-intensive process, which is further expected to hamper the market growth over the forecast period.

7. Figure 2. Global Sterile Bottles Market – Opportunity Analysis Market Opportunities: The market is expected to witness significant growth opportunities over the forecast period, owing to increasing demand for sterile bottles from the pharmaceutical industry. The demand for sterile bottles from the pharmaceutical industry has increased, owing to increasing preference towards the use of glass bottles for medicine storage. According to the U.S. Food and Drug Administration (FDA), glass material is recognized as ‘safe’. The increasing health concerns among people has led to increasing adoption of glass sterile bottles, as glass is non-reactive and has a good shelf life. Therefore, the use of sterile glass bottles by the healthcare industry is increasing to keep the pharmaceuticals safe for a prolonged period.

8. Figure 3. Global Sterile Bottles Market Revenue Share (%), By Material, 2019 Among material, in 2019, the plastic segment accounted for the largest market share of 56.3% in terms of value, followed by glass segment. Sterile Bottles Market - Impact of Coronavirus (Covid-19) Pandemic: The global sterile bottles market is largely impacted by COVID-19 pandemic and the situation is expected to prevail in the global economy until the virus stops spreading. Amid increasing number of cases of Covid-19, the need for sterile bottles for collecting and the test samples of diseases such as Covid-19 has led to substantial upsurge in collaborative activities across the pharmaceutical sector. The priorities of labs are changing, with focus towards appropriate testing of collected samples, which are being collected in sterile bottles. Therefore, the sterile bottles market has a positive impact due to the Covid-19 pandemic.

9. Competitive Section: Key players operating in the global sterile bottles market include Avantor Fluid Handling LLC, Berlin Packaging, CELLTREAT Scientific Products, Daigger Scientific Inc., Deltalab, Fisher Scientific International, Inc., Foxx Life Sciences, Greenwood Products Inc., SciLabware Limited, Spectrum Chemical Manufacturing Corp, and Wipak Group among others.

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