The global beveled bottles market is expected to register a market value of US$ 4410.6 million in 2023 and is projected to accumulate a valuation of US$ 9250 million by exhibiting a CAGR of 7.6% in the forecast period 2023 to 2033. The beveled bottles market registered a growth of 5.2% CAGR in the historical period 2018 to 2022. The wide use of beveled bottles in the pharmaceutical, beverages, and packaging industries is expected to drive market growth in the coming years.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 4,410.6 million |
| Projected Market Value in 2033 | US$ 9,250 million |
| Growth Rate (2023 to 2033) | 7.6% CAGR |
Earlier, glass bottles have been used for packaging pharmaceutical products. Likewise, the manufacturers are also incorporating square-shaped beveled glass bottles as their packaging solution as this provides the same benefits as conventional glass bottles. Also, high-density polyethylene (HDPE) bottles are also widely employed in the pharmaceutical industry. These bottles are easier to procure, are lightweight, and are less bulky. This makes shipping and transportation of pharmaceutical products hassle-free, thereby fuelling product demand.
The demand for beveled bottles is increasing due to rising sustainability concerns by consumers and governments. Increasing the recycling rate and growing efforts for impact reduction of plastic by promoting recycled bottles in the pharmaceutical industry are further fueling the market growth. Also, advancements in technology and the increasing application of glass and HDPE-based bottles for the packaging of solid and liquid oral medicines are boosting product demand.
The increasing use of specialized beveled bottles in the pharmaceutical and healthcare industries is attributed to the convenience they offer in the delivery of liquid medicines, safety, and ease of use. Moreover, pharmaceutical plastic bottles are lightweight and are less prone to breakage. In addition, various sensitive drugs are packaged in Polyethylene terephthalate (PET) based bottles, which offer high strength, shock resistance, and barrier resistance against moisture and oxygen.
With the demand for medicine and other essential goods at an all-time high, there are numerous opportunities laying ahead for market expansion. The use of HDPE in the manufacturing of beveled bottles is further escalating product demand. This material resists mould, and rotting, making it the most suitable material for manufacturing of these bottles.
HDPE squared bottles can be sterilized by boiling, which adds more advantages for the adoption of these bottles in storing beverage products. Apart from this, the demand for HDPE beveled bottles is escalating due to their rising use in the domestic sector and the demand for recyclable packaging. This plastic is easily recyclable, which helps in reducing non-recyclable waste. These factors will positively influence the adoption of HDPE in the manufacturing of beveled bottles which will lead to overall market growth.
The evolving demands of consumers in the cosmetic and personal care industry are pushing manufacturers to choose these bottles for the packaging of personal care products. The manufacturers are concentrating on upgrading their product portfolio with innovative designs and styles for standard and branded cosmetic products to cater to customer demands. Also, the growing trend for packed beverages in glass-based bottles is encouraging manufacturers to develop innovative packaging solutions. With the growing demand for chemical-free packaging, manufacturers are opting for glass-beveled bottles for their product packaging.
Several brands have started to pack beverages in glass bottles due to the quality retention feature offered by the glass. Square-shaped glass bottles keep the product free from harmful bacteria, thus promoting its usage by manufacturers as well as consumers.
Geographically, Asia-Pacific is expected to lead the market by accumulating 41% market share by end of the forecast period. The region will also reflect fastest CAGR of 7.4% during the forecast period. The growth is attributed to booming growth in pharmaceutical industries, expansion of food & beverages industries, and increasing disposable income.
North America is expected to grow with a significant CAGR of 7.1% during the projected period. Factors such as rising awareness toward recyclable packaging materials, high beverage consumption, and increasing adoption of beveled bottles from beverage manufacturers and pharmaceutical companies will drive the regional market.
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Recent developments and breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing beveled bottles are anticipated to create new avenues for market expansion during the forecast period.
According to the latest study by FMI, the beveled bottles market is expected to show constructive growth over the forecast period (2023 to 2033). Surging demand for packaging and storage for end-use products has propelled the demand for these beveled bottles during the assessment period.
Moreover, this gives rise to heightened adoption rates of these bottles by various industries has bolstered global sales and business is projected to grow at a CAGR of around ~8% over the said forecast period.
Principal Consultant
Over the years, there has been sizeable increase in the disposable income of people and this gives ignition to their purchasing capabilities. Beverage manufacturers, packaging industries, pharmaceutical sectors are now adopting this beveled bottles for storage and delivery of their resources to end users.
These adoptions are deeply acknowledged by key consumers who are witnessing their heightened disposable incomes and purchasing powers
Business has been constantly witnessing increased number of constructive collaboration between the bottles manufacturers and the key end users. For instance, this gives rise to growth of potential beveled bottles demand which is swelling globally. Beveled bottles manufacturers are finding keen interest for collaboration with beverage manufacturers to witness prosperity in their sales bar.
Beveled bottles, are gaining prominence for versatility over their use cases and und uses from various industries globally. Moreover, with bottles manufactures to further gather more popularity for their products are infusing creativity in their bottle designs. These bottles are also available in different shapes and colors with handcrafted design for consumer engagement purposes.
These above mentioned factors have acted as major factors driving the growth of beveled bottles demand and supply globally.
High density polyethylene is now the business pillar which is fostering the adoption rates of beveled bottles globally. Wide acceptance of HDPE material for these bottles marks the prime cause of increasing sales bars for the bottle manufacturers.
Additionally, these HDPE material offers light weight to the bottles which is deeply acknowledged by end users. Light weight offering for these bottles open wide avenues for business to explore other end uses as well. Another notable advantage that HDPE material carriers is prolonged life span which cater the product life cycle of these bottles.
Consumer and end users including beverages manufactures demand durable bottles made for prolonged life span being offered by HDPE material.
Moreover, with increased usage of HDPE material for production of beveled bottles at large scale, the business is at a surge of witnessing high adoption rates globally. Historically there exist wide material portfolio which were accounting significant share including PET, plastic, glass etc. but now HDPE is leading fron front and driving the overall market dynamics.
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Asia pacific region dominates the demand for beveled bottles based on soaring economies of China, India, Japan, Thailand, South Korea and ASEAN countries. Growth is equally contributed by these country with increasing recyclable products trend, ease of raw material availability and swelling urbanization. Manufacturing in these region witness low product cost, economical labor cost and competitive price points.
Increased adoption of beveled bottles as a replacement for conventional bottles are positively impacting the business dynamics of Asia pacific region. Asia has seen a surge in sales of these bottles over the years as key manufacturers are infusing collaboration, Greenfield investments.
Moreover, well established manufacturing industries has supported the growing consumption of beveled bottles in the Asia pacific region. Also efficient supply chain network and raw material procurement techniques, contributed substantially in the growth of beveled bottles for in Asia Pacific.
Over the past decade North America region is driving the wheel of fortune for beveled bottles market. This region has seen steep growth with notable CAGR during historic period and similar trends shall be reflected during the forecast period.
North America region has been the area of production for these bottles manufacturers. Maximum key players operating in this business finds North America region as the key focal point for gathering prominence. Heightened adoption of these bottles are proffered by beverages units, key pharmaceutical companies in this region to behold its market stability.
Furthermore, widely scattered consumer bases who are cultivating high bars of disposable incomes and enjoying soaring North American economy are generating significant sales revenue with adoption of these bottles. Consistent adoption rates has made North American beveled bottle now mature to reflect stability.
These above mentioned factors have contributed in the overall growth of demand and sales for beveled bottles and is projected to drive the regional market over the projected forecast period.
Some of the key prominent players in the industry includes
Key players in the market are adopting mixture of organic and inorganic business approache to gain the sales revenue. Geographical expansion and maintaining competitive price points remained key factors and strategy of market players.
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 an 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.
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