The increasing demand for sterile packaging solutions in the pharmaceutical and biotechnology industries is a key driver for the market. The injection bottles are widely used for the storage and transportation of drugs, vaccines, and other medical products, ensuring their safety and efficacy. The injection bottles market is anticipated to increase at a high CAGR of 4.5% (2022-2032), reaching a value of about US$ 13.11 Bilion by 2032.
The demand for injection bottles is expected to witness a significant growth in the Asia Pacific region, owing to the increasing investments in the healthcare industry and the growing population. The region is home to some of the world’s largest pharmaceutical companies, such as Takeda, Daiichi Sankyo, and Astellas Pharma, which are driving the demand for injection bottles in the region.
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In addition, the increasing focus on research and development activities in the biotechnology industry is expected to boost the demand for injection bottles in the coming years. The growing prevalence of chronic diseases, such as cancer and diabetes, is also expected to contribute to the growth of the market. Injection bottles are widely used for the storage and transportation of biologics and biosimilars, which are used for the treatment of chronic diseases.
The report also highlights the growing trend of using eco-friendly materials for the production of injection bottles. The manufacturers are increasingly using materials, such as glass and bio-based plastics, which are biodegradable and recyclable, thus reducing their environmental impact.
A detailed study on injection bottles market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global injection bottles market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales injection bottles in the coming 10-years.
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Sales of injection bottles is expected to rise as it provides barrier against moisture, high dimensional stability, high impact strength, resistance to strain, minimal water absorption, transparency, heat and flame resistance, and extension of expiry dates. In addition, the demand for injection bottles is rising due to growing acceptance in the pharmaceutical industry.
Increasing sustainability concerns, which are being addressed by boosting recycling rates and reducing the pharmaceutical industry’s environmental impact, are also projected to contribute to the growth of the injection bottles market share.
Key Injection Bottles Market Takeaways and Projections
- The U.S. is expected to lead the North america injection bottles market, projecting the fastest growth in the region between 2022 and 2032.
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of injection bottles market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global injection bottles market. Some of the prominent market players are Gerresheimer AG, SGD S.A., and Stölzle-Oberglas Gmbh.
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