Serum Bottles Market Overview
According to market research estimates, the Serum Bottles market is projected to witness lucrative growth over the coming decade. Serum bottles Market is projected to expand with the growth rate of 5% to 6% during period of 2021 to 2031.
Demand for serum bottles will witness sharp recovery with optimistic growth outlook in the long-run. Rising investments pharmaceutical and cosmetic industry are projected to ascend the growth in demand over the coming years.
What is Driving Demand for Serum Bottles?
Serum packaging involves reliable and sustainable solutions that guarantee safe handling and transport with insignificant environmental impact. Serum bottles are highly suitable for cosmetics and drug packaging. These bottles provides dimensional and cosmetic tolerance to the liquid substances.
The pharmaceutical industry is one of the most dynamic sectors of the economy. The rapid surge in the investments in pharmaceutical industry are impelling substantial changes in the pharmaceutical packaging and hence fueling the demand for serum bottles.
Over recent years, beauty and personal care sector is witnessing lucrative growth in developed and developing countries across the globe. To comply with the increasing consumer demand many small scale cosmetic manufacturers are emerging. This, in turn, is resulting in increasing consumption of serum bottles.
Moreover, serum bottles are ideal for storing and packing chemicals and solutions that require highest purity. This is attributable to their resistance to chemical or thermal reactions with the contents. Rapid growth in the demand for chemicals ascending investments in domestic businesses is also providing impetus for the growth in demand over the coming years.
Investments in Pharmaceutical Industry to Boost Serum Bottles Sales
Serum bottles are suitable to be used as containers for storing samples, vaccines or injectable drugs for long and short term. These bottles are non-porous, impermeable, and does not have any reaction with the products filled inside it. These bottles are also used for avoid contamination and preserving the products for long term.
With the looming effect of COVID-19 pandemic, governments across the globe are investing significantly in the vaccination production and supply in order to prevent the spread and contamination by COVID-19 virus. These investments are creating high growth virtues for the consumption of serum bottles over the coming years.
Asia Pacific Market Growth Outlook
Asia Pacific region is projected to expand with highest growth rate over the forecast period, owing to increasing investments in pharmaceuticals and cosmetic packaging coupled with technological advancements. The prevalence of large number of manufacturers in the countries such as China, India, etc. is paving the way for market growth in the region.
Expected Demand Potential of Serum Bottles in Europe
Presence of world-class healthcare infrastructure coupled with dominance some of the biggest and oldest pharmaceutical companies in the world in the countries such as Germany, U.K., Italy, etc. is expected to augment the market growth in the Europe over the forecast period.
U.S. is also expected to hold substantial share in the global market owing to the rising prominence of beauty and cosmetic products in the U.S. owing to high disposable income and increasing number of new entrants in the cosmetic manufacturing.
Who are the Key Manufacturers and Suppliers of Serum Bottles?
Some of the leading manufacturers and suppliers include
- Adelphi Healthcare Packaging
- Nipro Pharmapackaging International
- O.Berk Company
- Adit Containers
- Origin Pharma Packaging
- Top Syringe Manufacturing Pvt Ltd
- Etsy Inc.
- Samkin Industries.
- among others.
Leading manufacturers are focused on expansion of their manufacturing facilities along with sales and distribution network in emerging markets across the globe. Also, continuing efforts are being made to further improve the cost and performance parameters for different applications. Attributing to the presence of number of global & regional players, the market witnesses fierce competition.
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 Material Type:
- Borosilicate glass
- Moulded glass
- Soda lime glass
- Polyethylene terephthalate (PET)
- Polyethylene (PE)
- High density polyethylene (HDPE)
- Up to 100 ml
- 100 to 250 ml
- 250 to 500 ml
- Above 500 ml
By End-use Industry:
- Cosmetics & Personal Care
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- South Asia & Pacific
- Australia and New Zealand (ANZ)
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- Northern Africa
- South Africa