Global Packer Bottle Market - 2021-2028
Packer Bottle Market Overview
The global packer bottle market size was worth US$ YY million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
In the pharmaceutical and nutraceutical industries, packer bottles are also known as pill bottles, vitamin bottles, and prescription bottles. They have large mouth apertures that make filling and dispensing tablets, capsules, vitamins, dietary supplements, and other items a breeze. These spherical bottles come in various hues, including clear, white, and amber, and are made of FDA-approved HDPE and PET plastic.
The demand for packer bottles has been fueled by the increased use of packer bottles in everyday packaging applications and a growing preference for lightweight yet cost-efficient packaging solutions in both the industrial and non-industrial sectors. Adopting easy and protective packaging solutions is on the rise, which bodes well for the future of the worldwide packer bottle market.
Packer Bottle Market Dynamics
When it comes to product safety and leakage prevention, rigid packaging is the clear choice for end consumers. As a result, the packer bottle is regarded as one of the best packaging options due to its severe damage and puncture resistance.
The multiple advantages of packer bottles are expected to enhance growth shortly.
The demand for packer bottles has been fueled by an increase in the use of packer bottles in everyday packaging applications and a growing preference for lightweight yet cost-efficient packaging solutions in both the industrial and non-industrial sectors. Packer bottles have several advantages. They are, for example, recyclable and can be tailored to meet the needs of future clients.
The introduction of transparent packaging with a glossy finish for product authentication has also raised the bar for packer bottles as a favored packaging option. Furthermore, the capacity of plastic packer bottles to provide excellent alcohol, solvent, gas, and moisture barrier properties and the simplicity of obtaining plastic raw material all contribute to their popularity.
The packer bottle is an excellent choice for rigid packaging, which is projected to drive market expansion.
When it comes to product safety and leakage prevention, rigid packaging is the clear choice for end consumers. As a result, the packer bottle is regarded as one of the best packaging options due to its serious damage and puncture resistance.
For packaging products such as pills, liquid medicines, syrups, and other similar items, an increasing number of end consumers are opting for packer bottles. The demand for packer bottles is also predicted to rise over the forecast period due to developments in recycling technology and increased use of bioplastic material.
Market growth is projected to be hampered by the availability of alternatives.
To lower overall packaging and transportation costs, manufacturers in the worldwide pharmaceutical and food packaging market are ready to convert to alternative packaging options. However, many end-users utilize packer bottles to pack and store food and non-food products, alternative packaging solutions such as blister packs, large containers and jars, and others in the market.
Blister packs and other flexible packaging options are commonly used to pack and store tablets and capsules. This is predicted to have a significant impact on packer bottle sales. Furthermore, manufacturers preferred containers and jars for bulk food and pharmaceutical packaging, reducing the requirement for packer bottles.
COVID-19 Impact Analysis
The global effects of coronavirus illness 2019 (COVID-19) are already being felt, and the Packer Bottle market will be considerably impacted in 2020. Flight cancellations, travel bans, and quarantines; restaurants closed; all indoor/outdoor events limited; over forty countries announced states of emergency; significant supply chain slowdown; stock market volatility; plummeting business confidence, increased panic among the populace, and concern about the future have all been impacted by the COVID-19 epidemic.
Packer Bottle Market Segment Analysis
By Material, the packer bottle market is classified into plastic and glass.
The global packer bottle market is likely to be dominated by plastic.
Glass has long been utilized in the manufacture of pharmaceutical bottles because it provides protection and resistance to the chemicals found in these goods. The fragile and heavyweight nature of glass, on the other hand, makes transportation and shipment of products difficult, which has an impact on producers' revenue. In addition, the capacity of plastic packer bottles to provide excellent alcohol, solvent, gas, and moisture barrier feeds their demand among end-users.
Furthermore, the readily available plastic raw material simplifies the complete production process of plastic packer bottles, resulting in a cost-effective value chain. The worldwide packer bottle market is expected to increase due to manufacturers' fast-shifting demand for such cost-effective and lightweight packaging options during the projected period.
Packer Bottle Geographical Analysis
North America holds the largest market share global packer bottle market.
Because it has the most significant proportion of the worldwide pharmaceutical and chemical sector, North America is likely to dominate the packer bottles market over the forecast period. According to the International Trade Administration (ITA), North America's share in the global pharmaceutical business was at 37% share in 2015, according to the International Trade Administration (ITA), and is predicted to stay the same in 2020.
The country's packer bottle industry is expanding due to strong production capabilities and a broad network of packaging players. Furthermore, consumers' increased disposable income and healthcare spending in the United States are two major drivers of pharmaceutical packaging demand, particularly packer bottles.
Packer Bottle Competitive Landscape
The worldwide packer bottle market is highly consolidated. Key players operating in the global market for Packer Bottle include Amcor Plc, Berry Global Group, Inc., Gerresheimer AG, Comar, LLC, Graham Packaging Company, Maynard & Harris Plastics, Alpha Packaging, Inc, O.Berk Company, LLC, C.L. Smith, Aaron Packaging Inc., Clarke Container Inc.
Berry Global Group, Inc.
Overview: It offers innovative packaging and designed goods that make life better for people and the environment as one of the world's largest plastic bottle producers. Every day, we serve customers of all sizes worldwide by using our unrivaled global capabilities, sustainable leadership, and deep innovation expertise, using the diversity and industry-leading talent of their 47,000 global employees in over 295 locations to their advantage.
Product Portfolio: They offer one of the most comprehensive bottle capabilities in the market, with sizes ranging from 7cc to 2.5 gallons and neck finishes ranging from 13mm to 120mm and neck finishes ranging from 13mm to 120mm.
Key Developments: Berry Global Group, Inc. announced a partnership with Bhoomi in 2020 to develop a bottle made entirely of sugarcane for their cold-pressed cane water elixir. Berry's 12-ounce HDPE bottle, which replaces Bhoomi's normal PET bottle, is made in Winchester, Virginia. The Bhoomi bottle is constructed of I'm GreenTM certified material from Braskem and is widely recyclable. The bottle has a number of environmental benefits, including lowering greenhouse gas emissions, conserving water, and eliminating the usage of fossil fuels.
The global packer bottle report would provide access to an approx. 63 market data table, 56 figures and 180 pages.