The most recent study conducted by Report Ocean, titled “Global Packer Bottle Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Packer Bottle. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Packer Bottle Market Size study, by Material (Plastic, Glass) by Capacity (100cc & Below, 200cc, 300cc, 400cc) by Application (Tablet & Capsules, Powder & Granules, Liquid) by end use industries (Pharmaceuticals, Chemicals, Food & Beverages Ingredients, Other Industrial) and Regional Forecasts 2022-2028Global Packer Bottle Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Packer Bottle are designed for pills, medications, herbs, capsules, gel-caps, and supplements. Packer bottles are also often used in chemical and environmental applications. Growing Food and beverages industry and rising preference for light weight packaging solutions are key drivers for the growth of Packer Bottle market.
For instance, according to global database management company Statista- In 2021, the global functional foods and beverage market was estimated at USD 281.14 billion, and the market is predicted to grow at a compound annual growth rate of about 9.5 percent between 2021 and 2028. For 2028, the market is forecast to be worth over USD 0.5 trillion. In recent events in March 2021, The North American Ardagh Group has collaborated with US-based food retailer Bragg Live Food Products to develop a glass bottle design. Furthermore, in April 2021 North American food and beverage company Lassonde has launched bottles made from 25% post-consumer food-grade recycled polyethylene terephthalate resin.
Also, with the increasing number of end users and growing Pharmaceutical Sector in emerging Markets, the adoption & demand for Packer Bottle is likely to increase the market growth during the forecast period. However, high manufacturing cost of Packer Bottle and availability of alternate packaging solutions impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Packer Bottle Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to rising disposable income and healthcare spending in the region. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing Food and beverages sector in the region would create lucrative growth prospects for the Packer Bottle Market across Asia-Pacific region.
Major market player included in this report are:
Amcor Plc
Berry Global Group, Inc
Gerresheimer AG
Comar, LLC
Graham Packaging Company
Maynard & Harris Plastics
Alpha Packaging, Inc
O.Berk Company, LLC
CL Smith
Aaron Packaging, Inc
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Plastic
Glass
By Capacity:
100cc & Below
200cc
300cc
400cc
By Application:
Tablet & Capsules
Powder & Granules
Liquid
By End Use Industries:
Pharmaceuticals
Chemicals
Food & Beverages Ingredients
Other Industrial
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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