Rapidly Growing Pharmaceutical and Food & Beverage Industry to Augment the Packer Bottles Market Growth

 

Packer bottles are used to store drugs, chemicals, drinks, or food due to its tight seal packaging that protects the material from oxidation and increases the shelf life. Packer bottles are available in different types of colors and materials. Amber-colored bottles are widely used to pack light sensitive products, while clear bottles are used to measure volumes over time. Polyethylene remains the preferred plastic material for packer bottles in the market. The pharmaceutical and food & beverage sectors will be the major end-users of Packer Bottle.

Increasing demand for packer bottles for packaging of beverages and nutritional supplements owing to its sealing property is expected to propel the growth of the packer bottles market. Moreover, the market is gaining traction due to the growing food & beverages industry. For instance, India's annual alcohol intake increased by 38% between 2010 and 2017. While, the total volume of alcohol consumed worldwide per year has increased by 70%, from 20,999 million liters in 1990 to 35,676 million liters in 2017. Belarus consumes the most alcohol in the world with 14.4 liters per person per year.

Moreover, the growing pharmaceutical industry is also expected to drive the packer bottles market growth. Packer bottles are used in the pharmaceutical industry to store liquid, solid, and ophthalmic drugs. The global pharmaceutical industry is expected to reach US$ 1.3 trillion by 2020, according to the International Trade Association. The pharmaceutical end-use segment is expected to dominate with more than 90% share of the packer bottle market. However, the increasing demand or growing adoption of blister packaging in the pharmaceutical industry is expected to hamper the packer bottles market growth. Furthermore, technological advances, innovations, and improved products in package bottles are expected to generate growth opportunities for the market.

In terms of geography, the packer bottles market is divided into six regions, such as North America, South America, Europe, Asia Pacific, the Middle East, and Africa. Asia Pacific is expected to witness robust growth in the market owing to the rapidly growing pharmaceutical and food & beverage industry. Key players active in the market are focused on launching new products to enhance their product portfolio or to enhance their market presence. For instance, in May 2020, Amcor launched a new range of crystal clear polyethylene terephthalate (PET) bottles for e-commerce-ready packaging. These bottles increase capacity and reduce downtime because they have the same diameter with the same finish.