The global packer bottles market will register 6.4% CAGR through 2027, according to a report by Future Market Insights (FMI). In terms of sales, the packer bottles market is estimated to account for revenue worth US$ 3,555 Mn in 2017.
By 2027, sales of packer bottles for application in tablets and capsules will reach 74,418 units. Food & beverages, and pharmaceutical sector will be major end-users of packer bottles. In addition, chemicals, followed by food & beverages sector is expected to exhibit highest CAGR through 2027.
Increasing preference for plastic materials, and anti-counterfeit packer bottles are factors driving growth of the global packer bottles market. Based on material type, manufacturers operating in the market will primarily rely more on plastic for production of packer bottles than glass. In 2017, sales of plastic packer bottles is expected to reach US$ 2,018.3 Mn in revenue.
Polyethylene sub-segment of plastic material for packer bottles will retain its dominance in terms of value as well as volume in the market. In terms of value, sales of packer bottles of capacity size above 500 cc is estimated to register 6.6% CAGR through 2027.
Government in various countries are increasingly encouraging development of private healthcare market. This will fuel demand for packer bottles in healthcare sector. In addition, increasing shipping needs has revved up demand for bags & containers for transportation of products and materials globally. Such factors will significantly contribute to growth of the global packer bottle market through 2027. In contrast, soaring adoption of blister packaging is likely to hinder growth of the market. Additionally, increasing commoditization and extensive reforms is likely to hike the prices of packer bottles, which will further inhibit demand for packer bottles
Government in various countries are increasingly encouraging development of private healthcare market. This will fuel demand for packer bottles in healthcare sector. In addition, increasing shipping needs has revved up demand for bags & containers for transportation of products and materials globally.
Such factors will significantly contribute to growth of the global packer bottle market through 2027. In contrast, soaring adoption of blister packaging is likely to hinder growth of the market. Additionally, increasing commoditization and extensive reforms is likely to hike the prices of packer bottles, which will further inhibit demand for packer bottles
Key market players identified in FMI's report include Amcor Ltd., Gerresheimer AG, Berry Global Group Inc., Mpact Limited, Comar, LLC., Berlin Packaging, LLC, Beatson Clark Limited, Alpha Packaging, Inc., Maynard and Harris Plastics Ltd., CL Smith Company, Shanghai Hopeck International Trade Co., Ltd., Dongguan Fu Kang Plastic Products Co., Ltd, Jiangmen K. K. Plastic Factory Ltd., Xuzhou Das Packing Solution Co., Ltd, Andler Packaging Group, Aaron Packaging, Inc., KG International, Inc., Avantis Packaging, Inc., Graham Packaging Company L.P., O.Berk Company, LLC.
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