The global IV infusion bottle seals and caps market size is anticipated to showcase striking growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 168.0 million in 2023. It is estimated to attain a valuation of US$ 283.9 million by 2033. The market is expected to clock a noteworthy CAGR of 5.4% from 2023 to 2033.
The global IV infusion bottle seals & caps market is characterized by the presence of most organized players, which account for a high market share. Tier 1 players have an extensive presence and diversified product portfolio. Tier 1 companies contribute substantially to the growth of the IV infusion bottle seals & caps market. They are anticipated to emphasize market consolidation, improving the supply chain and market reach to strengthen their footholds. Tier 2 players are characterized by their presence across nations and a well-maintained portfolio of the IV infusion bottle seals & caps market. These include most of the regional players and players from unorganized sectors.
Parenteral nutrition (PN) implies the intravenous administration of nutrients for nourishment, which may incorporate protein, starch, fat, minerals and electrolytes, vitamins, and other trace components for patients who cannot eat or ingest an adequate quantity of food.
The primary purpose of parenteral nourishment is to provide sufficient dietary help to continually sick patients. The high rate of diseases such as malignancy, gastrointestinal disorders, ischemic gut malady, and diabetic intricacies, among others have resulted in an inclination of patients towards parenteral nourishment.
According to the World Health Organization, 11% of ailments in the world are due to the lack of healthy sustenance. As this percentage is anticipated to rise soon owing to nourishment security and changing ecological conditions, awareness regarding parenteral sustenance is expected to remain constant. These factors are expected to create a significant demand for IV infusion bottles, ultimately driving the IV infusion bottle seals & caps market growth.
| Attributes | Details |
|---|---|
| IV Infusion Bottle Seals and Caps Market Share (2022) | US$ 159.6 million |
| IV Infusion Bottle Seals and Caps Market Share (2023) | US$ 168.0 million |
| IV Infusion Bottle Seals and Caps Market Share (2033) | US$ 283.9 million |
| IV Infusion Bottle Seals and Caps Market Share (2023 to 2033) | 5.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global IV infusion bottle seals and caps market size stood at US$ 132.2 million in 2018. In the following years from 2018 to 2022, the market expanded considerably, at a CAGR of 4.8%. In 2022, the market size accounted for US$ 159.6 million.
The size of the aging population in the world has been increasing over the last few years. Countries such as China are anticipated to house the highest percentage of the aging population by the next decade. Aging people bring along various ailments, thereby giving rise to the demand for efficient drug administration methods. IV drugs are preferred over oral medications as the former generates efficient results in less time, and that too with high accuracy. This benevolence among consumers is expected to directly translate to the preference for IV administration, thereby fueling the growth of the IV infusion bottle seals & caps market during the forecast period.
The adoption of IV bags in the pharmaceuticals industry is gaining momentum, which tends to hamper the growth of the IV infusion bottle seals & caps market. In the coming years, IV bags are likely to replace IV infusion bottles. This factor is expected to impede the growth of the IV infusion bottle seals & caps market during the forecast period.
The PP caps segment by product garnered 61.8% market shares in 2022. The increasing demand for packaged products by the ever-increasing global population is a vital growth factor. PP caps are cheaper than other types of closures such as steel or aluminum. This attribute makes PP caps production cost less, ultimately boosting its popularity. They are also easy to use and they offer high chemical resistance and low permeability. They are lightweight and have a lower carbon footprint. These attributes are expected to bolster PP caps segment growth during the forecast period.
The neck size 21 to 28 mm segment captured 65.6% of market shares in 2022. The 21 to 28 mm neck size is a standard size in the industry. It is highly compatible with commonly used IV infusion bottles. The caps and seals can be interchanged with other brands and products. These factors boost their adoption in the industry. Additionally, this segment is widely available in the market, which further promotes market development. Their cost-effectiveness helps manufacturers to achieve economies of scale, thereby aiding market expansion.
The packaging application segment in the IV infusion bottle seals and caps market is likely to augment in the coming years. The increasing demand for packaged products, coupled with the rising global population aids the segment’s development. The rising emphasis on product differentiation in the pharmaceutical industry further promotes the segment’s expansion. Technological advancements in printing technology are expected to boost market growth. Increasing automation in the industry is likely to amplify the segment’s development.
Principal Consultant
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. The rising geriatric population and increasing per capita health spending are driving the growth of the IV infusion bottle seals & caps market in this region. In North America, the United States is foreseen to account for a hefty market share. It is projected to register a notable growth rate in the IV infusion bottle seals & caps market in the coming years. In 2022, the United States IV infusion bottle seals and caps market captured a 30.2% market share.
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. The increasing prevalence of chronic diseases and the growing popularity of parenteral nutrition therapy are expected to fuel the growth of the IV infusion bottle seals & caps market. In Europe, countries such as Germany, France, the United Kingdom, Italy, and Spain have higher healthcare expenditures and are foreseen to offer an optimistic outlook for parenteral nutrition therapy. This is expected to create a significant demand for parenteral packaging solutions, which ultimately fuels the growth of the IV infusion bottle seals & caps market during the forecast period.
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. China in East Asia and India in South Asia is expected to remain highly lucrative regarding the market share and growth rate in the IV infusion bottle seals & caps market during the forecast period. India and China captured 7.2% and 6.5% of market shares in 2022.
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.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Units for Volume, US$ Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of Europe, Brazil, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Product, Neck Size, Application, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The IV infusion bottle seals and caps market is worth US$ 168.0 million in 2023.
The IV infusion bottle seals and caps market is estimated to clock a 5.4% CAGR through 2033.
The IV infusion bottle seals and caps market is predicted to reach US$ 283.9 million by 2033.
The neck size 21 to 28 mm occupied nearly 65.6% of the IV infusion bottle seals and caps market share in 2022.
India and China accounted for 7.2% and 6.5% of the IV infusion bottle seals and caps market share in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. PP Caps 5.2. Euro Pull Ring Caps 5.3. Double Fold Caps 5.4. Foil Caps 5.5. Rubber Seals 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Neck Size 6.1. Up to 20 mm 6.2. 21-28 mm 6.3. 29-32 mm 6.4. Above 32 mm 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Packaging 7.2. Cups & Lids 7.3. Trays 7.4. Boxes & Cartons 7.5. Pouches & Sachets 7.6. Labels 7.7. Blisters & Clamshells 7.8. Wraps 7.9. Tapes 7.10. Printing 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. B. Braun Medical Inc. 16.2. RENOLITSE 16.3. Medline Industries Inc. 16.4. Wuxi Qitian Medical Technology Co., Ltd 16.5. Datwyler Holding AG 16.6. Winfield Laboratories Inc. 16.7. Prasad Meditech 16.8. Taiwan Hon Chuan Enterprise 16.9. Jiangsu changjiang Lids 16.10. Cardinal Health Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Packaging Insights
View Reports
IV Infusion Bottle Seals & Caps Market
