The IV infusion bottle seals and caps market is projected to grow steadily, reaching a value of US$168.0 million in 2023 and expanding to US$283.9 million by 2033, with a modest compound annual growth rate (CAGR) of 5.4% during the period from 2023 to 2033.
The growth of this market is primarily driven by the aging population and the increasing per capita health spending. As the prevalence of chronic diseases rises and parenteral nutrition therapy becomes more popular, there is a growing demand for IV infusion bottle seals and caps.
The future will witness a significant demand for parenteral packaging solutions, which will further drive the IV infusion bottle seals and caps market. The need for efficient medication administration systems for the elderly population, who often have multiple ailments, has increased. IV drugs are preferred over oral medications due to their quicker action and more precise results, leading to a higher preference for IV administration and consequently boosting market growth.
Advancements in printing technology are also expected to contribute to the market’s expansion. Increasing automation in the industry is likely to facilitate technical advancements in the coming years.
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North America is expected to dominate the global market shares due to its robust healthcare system and continuous pursuit of the best medical polymers. Additionally, advancements in pharmaceutical plastic bottles contribute to the market expansion in the region.
Leading companies in the IV infusion bottle seals and caps market are focusing on expanding their global reach. They are adopting an outsourcing approach to maximize their return on investment. Collaborations between North American pharmaceutical packaging industries and businesses in East Asia and South Asia aim to reduce operating, logistical, and transportation costs.
Key Takeaways from IV Infusion Bottle Seals and Caps Market:
- The global IV infusion bottle seals and caps market size stood at US$ 132.2 million in 2018.
- From 2018 to 2022, the market expanded at a moderate CAGR of 4.8%.
- In 2022, the market size stood at US$ 159.6 million.
- The PP caps segment by product captured 61.8% market shares in 2022.
- The neck size 21 to 28 mm segment garnered 65.6% market shares in 2022.
- North America occupied 32.6% market share in 2022.
- The United States IV infusion bottle seals and caps market captured 30.2% market shares in 2022.
- Europe IV infusion bottle seals and caps market accounted for 30.9% of global market shares in 2022.
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Recent Developments Observed by FMI:
- In 2021, Cardinal Health stated that CVS Health has extended the terms of their contracts for the delivery of medicines to retail pharmacies and distribution centers through June 30, 2027.
Competitive Landscape
The global IV infusion bottle seals and caps market competitive landscape is such that several equity firms are into investment in the packaging industry, which, in turn, is expected to see strategic expansion on their part.
- Malaysia-based Creador, in August 2020, did invest US$ 34.1 Million in Shriji Polymers (India) Ltd. The product line of the latter includes polypropylene caps and high-density polyethylene bottles. The major objective was expansion at the global level.
Market Benefits
1.The study provides an in-depth analysis of the global IV Infusion Bottle Seals & Caps Market along with the current trends and future estimations to elucidate the imminent investment pockets.
2.The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
3.An extensive analysis of the market based on application assists in understanding the trends in the industry.
4.The report presents a quantitative analysis of the market from 2023 to 2033 to enable stakeholders to capitalize on the prevailing market opportunities.
Key Players:
- B. Braun Medical Inc.
- RENOLITSE
- Medline Industries Inc.
- Wuxi Qitian Medical Technology Co., Ltd
- Datwyler Holding AG
- Winfield Laboratories Inc.
- Prasad Meditech
- Taiwan Hon Chuan Enterprise
Regional Analysis:
Why is North America Dominate the Global Market Shares?
North America occupied 32.6% market share in 2022. The North American region is foreseen to remain at the forefront in terms of market share in the global IV infusion bottle seals & caps market in the next decade.
How is the Europe Region Faring in the Global Market?
The European region is likely to follow North America regarding the market size of IV infusion bottle seals & caps in the next decade. In 2022, the Europe IV infusion bottle seals and caps market accounted for 30.9% of global market shares.
What are the Growth Insights in Asia Pacific Region?
East Asian and South Asian regions are likely to remain promising for the growth of the IV infusion bottle seals & caps market in the next decade. The presence of emerging economies, high growth of the pharmaceutical industry, and growing per capita healthcare expenditure are anticipated to escalate the growth of the IV infusion bottle seals & caps market
Key Segments Covered in IV infusion bottle seals and caps Industry Research
By Product:
- PP Caps
- Euro Pull Ring Caps
- Double Fold Caps
- Foil Caps
- Rubber Seals
By Neck Size:
- Up to 20 mm
- 21-28 mm
- 29-32 mm
- Above 32 mm
By Application:
- Packaging
- Cups & Lids
- Trays
- Boxes & Cartons
- Pouches & Sachets
- Labels
- Blisters & Clamshells
- Wraps
- Tapes
- Printing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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