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Packer Bottle Market
Packer Bottle market Size Share, Share, and Growth Report 2024
AUSTIN, TEXAS, USA, June 14, 2024 /EINPresswire / --“According to the SNS Insider report, the Packer Bottles Market Growth was valued at USD 5.59 billion in 2023. SNS Insider analysts project this market to reach USD 8.65 billion by 2031”
The increasing preference for lightweight and shatter-resistant packaging solutions is driving demand for packer bottles in the food and beverage industry.
A study by SNS Insider suggests that this sector's use of packer bottles will rise due to their efficient transportation and storage capabilities, particularly for field sampling applications where samples need to be transferred from collection sites to labs for analysis. Additionally, the growing focus on sustainability is presenting opportunities for packer bottle manufacturers.
The market struggles with fluctuations in raw material costs.
For instance, a recent study by SNS Insider highlights the price volatility of Polyethylene Terephthalate (PET), a common packer bottle material, due to factors like oil price swings and supply chain disruptions. These price fluctuations can squeeze profit margins for manufacturers and potentially lead to price hikes for consumers.
Furthermore, counterfeiting remains a persistent threat, especially in the pharmaceutical sector. A 2022 WHO report estimates that 1 in 10 medical products in circulation globally are counterfeit, jeopardizing patient safety and brand reputation.
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Major Players Listed in this Report are:
- O Berk Company LLC
- Graham Packaging Company
- Amcor Plc
- Gerresheimer AG
- Alpha Packaging Inc
- CL Smith
- Clarke Container Inc
- Maynard & Harris Plastics
- Comar LLC
- United States Plastic Corporation
Key factors impacting the market growth:
Pharmaceutical, food & beverage, and chemical industries are all significant contributors, utilizing packer bottles for their packaging needs.
Advancements in packer bottle technology are enhancing product functionality and appeal. Lighter weight designs are gaining traction in both industrial and non-industrial settings, offering a more sustainable and cost-effective solution.
The rise of emerging economies presents lucrative opportunities for market expansion. These regions are experiencing a growing demand for packaged goods, creating a fertile ground for packer bottle adoption.
Market Dynamics:
A 2023 study by SNS Insider indicates that consumers are increasingly willing to pay a premium for eco-friendly packaging, with 72% willing to spend slightly more on products with sustainable packaging. The growing e-commerce industry is driving the need for lightweight and durable packaging solutions. Packer bottles, due to their inherent strength and ability to be customized for various shapes and sizes, are well-positioned to supply to this demand. Additionally, the rising popularity of on-the-go consumption is opening doors for single-serve sized packer bottles.
Packer Bottle Market Key Segments:
By Material
- Plastic
- Glass
By Capacity
- Below 100 cc
- 200 cc
- 300 cc
- 400 cc
By Application
- Powder & Granules
- Tablets & Capsules
- Liquid
By End Use
- Food & Beverages
- Pharmaceuticals
- Chemicals
- Others
While North America currently holds the largest market share, the Asia-Pacific region will be the fastest growing region.
Expanding middle class with rising disposable income in countries like China and India is driving demand for packaged pharmaceuticals and nutraceuticals, a primary application for packer bottles. Secondly, stricter regulations on counterfeit drugs in these regions are prompting a shift towards secure and tamper-evident packaging solutions, a strength of packer bottles. Moreover, growing e-commerce penetration across Asia-Pacific is necessitating lightweight and durable packaging for efficient delivery, perfectly aligning with the benefits offered by packer bottles.
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Recent Developments:
AptarGroup recently unveiled a child-resistant, single-dose dispensing bottle designed specifically for the nutraceutical industry. This provides to the growing demand for safe and convenient packaging solutions in this booming sector.
Berry Global Inc., announced a new line of lightweight packer bottles made from 100% post-consumer recycled (PCR) plastic. This eco-friendly initiative aligns with the rising consumer preference for sustainable packaging.
Key Takeaways:
- A growing preference for lightweight and cost-effective packaging, especially in North America holding the largest market share, is driving demand for plastic packer bottles. This is particularly significant for industries like pharmaceuticals, which rely on their barrier properties.
- Consumer awareness of plastic pollution is prompting regulations and a shift towards sustainable alternatives. For instance, the dominance of glass in the pharmaceutical sector, though less economical, is holding steady due to its inert nature.
- This highlights a potential decline in plastic packer bottle use, particularly in Europe where stricter environmental policies are being implemented.
- Also, the rise of alternative packaging solutions like blister packs for capsules in the pharmaceutical industry threatens to chip away at the market share of packer bottles.
Table of Contents – Key Points
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
5.Value Chain Analysis
6.Porter's 5 forces model
7.PEST Analysis
8.Packer Bottle Market Segmentation, by Material
9.Packer Bottle Market Segmentation, by Capacity
10 Bottle Market Segmentation, by Application
11 Bottle Market Segmentation, by End Use
12 Analysis
13 Profiles
14 Landscape
15
Continue....
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