The global reagent bottle market is expected to be valued at US$ 4.5 billion in 2023 and is anticipated to expand at a CAGR of 5.4%. Owing to the advances in packaging, the market is likely to surpass a valuation of US$ 7.6 billion through 2033.
Factors supporting the market growth are listed below -
The reagent bottles are made up of high-quality materials such as glass or plastics and are used to store the chemicals, medicines, and other components in Sloid, liquid, and powdered form. These bottles are lightweight, easy to wash, handy, and durable.
The growth of the reagent bottles market is attributed to the increasing demand for reagent bottles in various applications such as chemical industries, laboratories, pharmaceuticals, and medical. These bottles are used to store medicines and different chemical products, thus are highly used in research laboratories.
Reagent bottles manufactured from plastic material are foreseen to witness significant traction due to their lightweight, squeezable and durable nature. These reagent bottles are available in the market with different capacities and are used for mixing, handling, and transfer of material precisely.
Reagent bottles are widely used in the chemical industry to store chemical reagents such as acids, alkalis, and solvents due to the anticorrosion property of reagent bottles the chemicals are stored safely.
Growth of the global reagent bottles market is majorly driven by increasing demand for reagent bottles from the healthcare management facilities. Healthcare management is driving demand for reagent bottles used in laboratories and sample testing. Packages such as reagent bottles are an integral part of the packaging of numerous pharmaceutical products and they help in protecting the medicinal contents from reacting with the elements of external environment.
With the exponential growth in the pharmaceutical industry, the market is expected to witness exponential growth during the forecast period. these bottles come with a leak-proof seal which provides greater protection against the leakage of material as well as ensures the safety and integrity of the product.
North America accounted for the largest share of the global reagent bottle market due to the expansion of the chemical sector and research & development in the region. Asia Pacific region represents a lucrative growth opportunity for reagent bottles during the forecast period. It is due to the continuous expansion of end-use industries and the presence of high-growth economies, and an increase in research & development spending likely to create growth opportunities for the reagent bottles market.
FMI research indicates that reagent bottles packaging shows great potential for not only durability but improving outcomes for buyers in different areas as reagent bottles packaging offers benefits like:
The key players operating in the reagent bottles market are Corning Incorporated, VITLAB GmbH, Zinsser Analytics, and Gerresheimer AG among others. Recent development in technology, mergers, acquisition, and partnership in the companies involved in the manufacturing of reagent bottles are expected to create lucrative opportunities for market growth over the analysis period.
For instance, In September 2022, Gerresheimer AG, and Stevanato Group S.p.A. announce a jointly developed a high-end Ready-To-Use (RTU) solution platform with an initial focus on vials, based on Stevanato Group’s market-leading EZ-fill® technology. The collaboration will help customers to gain efficiencies, improve the quality standard, increase speed to market, reduce total cost of ownership (TCO), and help mitigate supply chain risk. Likewise, the European-based Stoelzle Glass Group has acquired the Monaca, Pennsylvania glass factory from Anchor Hocking Glass Company, a wholly owned subsidiary of The Oneida Group.
| Data Points | Key Statistics |
|---|---|
| Anticipated Market Value in 2023 | US$ 4.5 billion |
| Projected Market Value in 2033 | US$ 7.6 billion |
| Growth Rate (2023 to 2033) | CAGR of 5.4% |
Both the plastic and glass bottles are being expected to grow significantly in the coming years owing to their key properties and specific applications.
Growing research activities in the medical & healthcare sector is anticipated to fuel the consumption rate during the upcoming decade.
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The growing demand of research activities in medical sector, biotechnology sector and in other fields such as chemicals & materials, is anticipated to boost the demand of reagent bottles, since these bottles are used to store different chemicals, medicines, & other compounds in liquid, powder and solid form.
Owing to durability and chemical resistance properties, they are preferred in the research laboratories and in healthcare field to sell or store various chemicals and medicinal products commercially.
The growing chemical industries across the globe is also expected to boost the consumption since the sales of the liquid chemicals need a bottle with chemical stability characteristics, so that chemicals do not come in contact with outer environment.
Chemicals with high reactivity have to be stored in this type of bottles so that it does not come in contact with human skin and can also be stored without any effect to the substance.
Further this type of bottle provides easy transportation which also helps boost its demand. Growing biotechnology field is also increasing the sales, since Reagent Bottles are used to store several biochemical solutions.
The growing medical research sector is boosting the consumption of the Media bottles. This is because this type of bottles are highly durable and store the powder or liquid form of medicines in a safe & secure way, protected from outer environment.
Pharmaceutical industries also preferred Reagent Bottles for the storage of the solvents and many other chemicals which are used for the production of medicine and drugs. All these factors are anticipated to boost the demand in the coming years.
The growing research in the medical sector also need standard media bottles for the storage of various reagents, solvents, and other chemicals. The growing demand for the research and development of COVID-19 vaccine has also fueled the growth rate.
The ongoing vaccination for Covid-19 and substantial production of the vaccine requires Graduated bottles for storage, which has resulted in sudden spike in the growth for the market during years 2020/2021.
Principal Consultant
Strong presence of pharmaceutical & chemical industries in the USA and Canada has resulted in the high demand for the media bottles. Significantly growing medical sector in USA and Canada is also contributing to the growth of the demand for Reagent Bottles. Strong vaccination process has boosted the consumption of the bottles in recent times in these countries.
Substantial development in the research field has immensely boosted the sales of the media bottles, as these bottles are used in the research activities for storage of chemicals, solutions and other substances.
Growing research and development activities in the area of Chemical, medicine and biotechnology in both the countries is anticipated to boost the growth rate of the market over the coming decade.
Significantly growing chemical industries in Asia Pacific regions are boosting the sales of Reagent Bottles. China and India is anticipated to witness a strong growth in the Media Bottles market owing to the significant growth in the pharmaceutical, chemical, medical and biotech industries.
Substantial development in the medical field also has significantly contributed to the development of the graduated bottles demand in the region.
Strong presence of the manufacturers in this region benefits the supply of the bottles to the end use industries as well as to the consumers. Further, the presence of largescale pharmaceutical manufacturing in Asia Pacific region also has boosted the demand for high consumption and sales of these bottles.
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Some of the leading manufacturers and suppliers of Reagent Bottle include
Key players are focusing on increasing their revenue by setting up new manufacturing units, and increasing manufacturing capacities. Certain key market participants are investing a significant amount in research and innovation for the development of products with low carbon emission for sustainable developments. Some of the manufacturers are focusing on collaborations and acquisitions strategies to increase their turnover with low investments.
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 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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Reagent Bottle Market
