Packer bottles are used in a wide range of packaging applications. They offer the advantages of easy filling and dispensing. Their wide mouth openings make them ideal for prescription bottles, capsules, and nutraceuticals. They are also available in a variety of styles, sizes, and finishes. Increasing R&D efforts in the pharmaceutical industry are expected to drive demand for packer bottles. Manufacturers in the global pharmaceutical industry are ready to move away from traditional packaging solutions to newer options. Increased disposable income is also expected to drive demand for packer bottles. Increased healthcare spending and increased use of bio-plastic materials is expected to drive the growth of the market.
Market Dynamics:
Growing adoption of growth strategies by key players is estimated to propel growth of the global packer bottles market during the forecast period. For instance, Nipro Corporation acquired a Croatia based pharmaceutical industry glass container manufacturing company, Piramidad.o.o., in May 2021. Moreover, easy availability of cost-effective packaging solutions is estimated to restrain growth of the global packer bottles market during the forecast period.
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Impact of COVID-19:
COVID-19 resulted in implementation of quarantines, strict lockdowns, travel bans and cancellations of flights, in order to stop the prevention of the virus. Several countries were severely affected by the pandemic and the number of COVID-19 cases were increasing day-by–day. During the pandemic use of packer bottles was restricted in all outdoor or indoor events. The pandemic significantly disrupted supply chains and also resulted in decrease in demand for various goods. However, there was an increased demand for packer bottles from the pharmaceutical sector, for packaging of pills and capsules. Thus, the pandemic affected the growth of the global packer bottles market in a positive manner.
Key Takeaways:
The global packer bottles market is estimated to witness significant growth, exhibiting CAGR of % during the forecast period, due to growing research and development activities. For instance, Berry Global Group, Inc., collaborated with Bhoomi in 2020, for developing bottles made up of sugarcane for their cold-pressed cane water elixir. These bottles are 100% recyclable and also help in water conservation and reducing greenhouse emissions.
North America is estimated to witness significant growth in the global packer bottles market during the forecast period, due to rising awareness regarding healthcare in the region.
Key players active in the global packer bottles market are Shanghai Hopeck International Trade Co., Ltd., Amcor Plc, Beatson Clark, Berlin Packaging, Berry Global Group, Clarke Container Inc., Aaron Packaging, Gerresheimer AG, CL Smith, Comar, O.Berk Company, Graham Packaging Company, Freund Container, Alpha Packaging, Maynard & Harris Plastics, Beatson Clark, K.K. Plastic Factory Ltd, and Avantis Packaging Inc.
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