Packer bottle sales are currently valued at over US$ 5.5 billion worldwide. According to comprehensive industry analysis, the worldwide packer bottle market is expected to grow at a respectable CAGR of 5.3 percent to reach US$ 9.1 billion by 2031. Packer Bottle Market By Material (Plastic, Glass), Capacity (100cc & Below Packer Bottles, 200cc Packer Bottles, 300cc Packer Bottles), Application (Packer Bottles for Powder & Granules, Packer Bottles for Liquid) & Region – Forecast 2022-2031
Packaging bottles have evolved as a simple packaging solution in recent years, particularly for the pharmaceutical, food, and chemical sectors, among others. According to Future Market Insights (FMI), the market for packer bottles is estimated to exceed US$ 5.31 billion by 2031.
Packer bottles are compact, lightweight, and cost-effective packaging solutions that are commonly used to pack, transport, and store a variety of industrial and non-industrial solutions. Packer bottles are becoming increasingly popular in the global market due to their mobility, child-resistant packaging, and recyclability.
In terms of availability, the market offers a wide range of packer bottles manufactured of plastic and glass. Manufacturers in the worldwide packer bottle market, according to FMI, will have plenty of opportunities to increase their sales, as manufacturing output and packaging needs from the pharmaceutical and food sectors continue to rise.
According to the survey, plastic will continue to be the most popular material due to its low cost and lightweight. The pharmaceutical industry is predicted to account for the majority of end-users.
Packer Bottle Market Key Takeaways
• Despite a temporary setback due to the COVID-19 outbreak, packer bottle sales are expected to continue to increase. Between 2021 and 2031, FMI forecasts a 5.4 percent CAGR for the market.
• In 2021, the United States is predicted to account for over 85% of all sales in North America. • Sales in the United Kingdom will drop temporarily due to the pandemic. However, recovery is expected to begin in 2022.
• Despite China’s dominance, Japan and South Korea’s markets are predicted to rise faster than the rest of East Asia in 2021.
Pharmaceutical companies are driving sales by requesting damage resistance and spill-proof packaging solutions.
End customers are always concerned about aseptic and spill-proof packaging, especially in the case of pharmaceuticals and liquid food packing. Packer bottles are typically composed of plastic, which makes the internal product more tear-resistant during transit. As a result, this sort of packaging solution is extensively used in the pharmaceutical sector to pack, seal, store, and transport a wide range of solid and liquid pharmaceutical medications.
