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Sterile bottle market analysis

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The global sterile bottles market accounted for around US$ eleven.5 billion, in terms important , in 2019 and it's expected to exhibit a CAGR of five.4% throughout the forecast amount (2020-2027). – PowerPoint PPT presentation

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Title: Sterile bottle market analysis


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

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

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  • 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).
  • 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.

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Figure 1. Global Sterile Bottles Market Revenue
Share (), By Region, 2018
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  • 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.

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  • 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.

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Figure 2. Global Sterile Bottles Market
Opportunity Analysis
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Figure 3. Global Sterile Bottles Market Revenue
Share (), By Material, 2019
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  • 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.
  • 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.

11
  • Request Sample Report
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  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com/
    market-insight/sterile-bottles-market-3967

12
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

13
Contact Us
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

14
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