Packer Bottle Market Size, Share, Growth And Industry Analysis By Type (Plastic Packer Bottle And Glass Packer Bottle) By Application (Pharmaceutical, Food And Beverage, And Chemical) Regional Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2032

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PACKER BOTTLE MARKET REPORT OVERVIEW

The global packer bottle market size was valued at USD 3.22 billion in 2023 and is projected to grow from USD 3.43 billion in 2024 to USD 6.09 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. Asia-Pacific holds leading position in packer bottle market share in 2023.

The packer bottle is also called as the packer jar. This product is mainly, manufactured in PET and HDPE resins. These packer bottles are available in many capacities, carton package configurations, and neck finish options. They are also available in various colors such as amber, white, cobalt, and blue.

Many new developments can be witnessed in the market. The quality of these bottles is one of the major reasons for their growing sales in the market. This is considered as the latest trend in the market.

The medical industry is now using packer bottles for the purpose of packaging granules, power medicines, and even liquid form of tablets. A lot of factors have helped in the global industrial connectors market growth.

COVID-19 impact: Increased Demand for Packer Bottles During the Pandemic Increased the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The pandemic of COVOD-19 affected all the markets all over the world. There was a financial crisis during the period of pandemic. Along with financial crisis, the health of people also was at risk. The death rate saw a spike during this period. The production of medications went up.

With the increase in the production of drug and medications, the need to manufacture the container to store them also increased. For this purpose, the packer bottles were used. This tremendously increased the global packer bottle market growth. Packer bottles are very appropriate to store medications and due to this, the market witnessed a rapid growth during the pandemic.

LATEST TRENDS

"High Quality of These Packer Bottles to Increase the Market Growth"

Packer bottles are made up of superior and premium features. The quality of these bottles is one of the major reasons for their growing sales in the market. Packer bottles can be considered as one of the best packaging solutions.

Packages are always meant to be strong and rigid. The main motive of using a packaging or a packer bottle is to avoid damages or leakages. Packer bottles make sure all of the above conditions are satisfied. They are puncture resistant, and can protect any product from severe damages. These are used for packaging a number of things like, liquid medicines, syrups, and tablets. The improvement in the technology has also provided an edge to the global packer bottle market share.

PACKER BOTTLE MARKET SEGMENTATION

• By Type

The market can be divided on the basis of type into the following segments:

Plastic packer bottle and glass packer bottle. The plastic packer bottle segment is anticipated to dominate the market during the forecast period.

• By Application

Classification based on application into the following segment:

Pharmaceutical, food and beverage, and chemical.The pharmaceutical segment is predicted to dominate the market during the research and forecast period.

DRIVING FACTORS

"Growing Requirement for Proper Pharmaceutical Packaging to Fasten the Market Growth"

Pharmaceuticals, medicines and drugs need to be properly packed. This is done in order to avoid any kind of contamination. Contamination of medicines can further lead up to many complexities, including the risk to a patient’s life. Therefore, the requirement for proper packaging for pharmaceuticals is increasing day by day.

Packer bottles are made up of PET and HDPE resins. The medical industry is now using packer bottles for the purpose of packaging granules, power medicines, and even liquid form of tablets. Many important pharmaceutical companies are increasing their investment towards better quality packaging as well as existing product pipelines. The increasing role of private sectors in the medical industry has provided opportunities for even the smaller companies to produce medicines. All of these factors have increased the growth of the global packer bottle market.

"Growing Trend of Using Packer Bottles in Fitness Industry to Propel Market Growth "

Packer bottles are not only used in the drug and the pharmaceutical industry for the purpose of packaging. They are also used as water bottles. The versatility of packer bottles has created a very wide market for the product.

Fitness is one of the top priorities of people today. Due to sedentary lifestyle, the health risks have been higher than before. The increasing awareness of people is driving them to consume only water from packer bottles. The main reason is the hygienic, and non-contaminated water present in packer bottles. This has contributed to the overall development of the market.

RESTRAINING FACTOR

"Cost-effective Blister Packs to Decrease the Market Growth"

Even though, packer bottles are highly used for storing medications and used as water bottles their cost is more compared to other products available in the market. The incompetent prices of the product are adversely affecting its growth in the market.

Manufacturers always opt for such products that are cost-effective and economical. The availability of many other cheaper alternatives such as blister packs, jars and other large containers is hampering the market growth. Sometimes blister packs are considered as the best option to store tablets and capsule. This can restrain the market growth.

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PACKER BOTTLE MARKET REGIONAL INSIGHTS

"North America to Dominate Market Share in The Upcoming Years"

North America is the region that dominates the market share during the forecast period. Asia Pacific is second largest market in the packer bottle industry. Many reasons have contributed in the development of the market in North America. North America is also the largest market for global pharmaceutical and chemical industry. Also, the high demand for plastic and glass bottles have increased the demand for the market in North America. The increasing awareness of people in North America towards health is yet another factor leading to market growth in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List Of Top Packer Bottle Companies

• Amcor (Australia)
• Berry (U.S.)
• Mpact (South Africa)
• Comar (U.S.)
• Berlin (Germany)
• Beatson Clark (U.K)
• Alph (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations