Reagent Bottle Market Overview
According to a recent study, sales of Reagent Bottle are anticipated to witness a growth rate of 4.5% to 6.0% during the forecast period of 2021 to 2031. Both the plastic and glass bottles are being expected to grow significantly in the coming years owing to their key properties and specific applications.
Growing research activities in the medical & healthcare sector is anticipated to fuel the consumption rate during the upcoming decade.
What is Driving Demand for Reagent Bottle?
The growing demand of research activities in medical sector, biotechnology sector and in other fields such as chemicals & materials, is anticipated to boost the demand of reagent bottles, since these bottles are used to store different chemicals, medicines, & other compounds in liquid, powder and solid form.
Owing to durability and chemical resistance properties, they are preferred in the research laboratories and in healthcare field to sell or store various chemicals and medicinal products commercially.
The growing chemical industries across the globe is also expected to boost the consumption since the sales of the liquid chemicals need a bottle with chemical stability characteristics, so that chemicals do not come in contact with outer environment.
Chemicals with high reactivity have to be stored in this type of bottles so that it does not come in contact with human skin and can also be stored without any effect to the substance.
Further this type of bottle provides easy transportation which also helps boost its demand. Growing biotechnology field is also increasing the sales, since Reagent Bottles are used to store several biochemical solutions.
Pharmaceutical and Medicine Industry are Expected to Drive the Consumption of Reagent Bottle
The growing medical research sector is boosting the consumption of the Media bottles. This is because this type of bottles are highly durable and store the powder or liquid form of medicines in a safe & secure way, protected from outer environment.
Pharmaceutical industries also preferred Reagent Bottles for the storage of the solvents and many other chemicals which are used for the production of medicine and drugs. All these factors are anticipated to boost the demand in the coming years.
The growing research in the medical sector also need standard media bottles for the storage of various reagents, solvents, and other chemicals. The growing demand for the research and development of COVID-19 vaccine has also fueled the growth rate.
The ongoing vaccination for Covid-19 and substantial production of the vaccine requires Graduated bottles for storage, which has resulted in sudden spike in the growth for the market during years 2020/2021.
US and Canada Reagent Bottle Market Outlook
Strong presence of pharmaceutical & chemical industries in the U.S. and Canada has resulted in the high demand for the media bottles. Significantly growing medical sector in U.S. and Canada is also contributing to the growth of the demand for Reagent Bottles. Strong vaccination process has boosted the consumption of the bottles in recent times in these countries.
Substantial development in the research field has immensely boosted the sales of the media bottles, as these bottles are used in the research activities for storage of chemicals, solutions and other substances.
Growing research and development activities in the area of Chemical, medicine and biotechnology in both the countries is anticipated to boost the growth rate of the market over the coming decade.
Asia Pacific Demand Outlook for Reagent Bottle
Significantly growing chemical industries in Asia Pacific regions are boosting the sales of Reagent Bottles. China and India is anticipated to witness a strong growth in the Media Bottles market owing to the significant growth in the pharmaceutical, chemical, medical and biotech industries.
Substantial development in the medical field also has significantly contributed to the development of the graduated bottles demand in the region.
Strong presence of the manufacturers in this region benefits the supply of the bottles to the end use industries as well as to the consumers. Further, the presence of largescale pharmaceutical manufacturing in Asia Pacific region also has boosted the demand for high consumption and sales of these bottles.
Who are the Key Manufacturers and Suppliers of Reagent Bottle?
Some of the leading manufacturers and suppliers of Reagent Bottle include
- Corning Incorporated
- VITLAB GmbH
- Zinsser Analytic
- Gerresheimer AG
- Stoelzle Glass Group
- Wiegand-Glas Holding GmbH
- DWK Life Sciences
- Essco Glass
- Haldyn Glass Ltd.
- SGD Pharma
- Origin Pharma Packaging
- Beatson Clark
- Kang-Jia Co., Ltd.
- BioTek and many others.
Key players are focusing on increasing their revenue by setting up new manufacturing units, and increasing manufacturing capacities. Certain key market participants are investing a significant amount in research and innovation for the development of products with low carbon emission for sustainable developments. Some of the manufacturers are focusing on collaborations and acquisitions strategies to increase their turnover with low investments.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By End User:
- Chemical Industries
- Pharmaceuticals and Medicine
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- South Asia
- Australia & New Zealand
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- S. Africa
- Northern Africa