The global PCR bottles market is poised for substantial growth, with a projected market valuation of US$ 23.3 billion anticipated in 2022. This growth trajectory is set to persist, characterized by a robust compound annual growth rate (CAGR) of 6.1% throughout the forecast period from 2022 to 2032. As a result, the cumulative sales of PCR (Polymerase Chain Reaction) bottles are expected to culminate in an impressive market valuation of US$ 42.2 billion by the conclusion of 2032.
The market landscape is also witnessing the emergence of prominent players, with the top 5 companies projected to collectively command a substantial market share of 15-20% by the close of 2022. Among the various capacity segments, the 101 – 250 ml category is anticipated to lead the global market, accounting for a significant share of approximately 44% by the end of 2022. This prominence is attributed to the growing utilization of PCR bottles within a range of end-use industries, primarily owing to their ideal size and versatility.
The burgeoning demand for PCR bottles is expected to surge across diverse industries, encompassing sectors such as food and beverage, pharmaceuticals, chemicals, and cosmetics and personal care. This widespread adoption is driven by the indispensable role of PCR bottles in various applications, including DNA amplification and analysis.
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Furthermore, as sustainability gains paramount importance, an increasing number of companies are adopting eco-friendly packaging solutions such as PCR bottles. This shift is driven by a collective effort to mitigate plastic pollution and align with stringent government standards and regulations. Moreover, consumers are displaying a heightened willingness to invest in products and brands that champion sustainability, creating a fertile ground for leading PCR bottle manufacturers to thrive and capitalize on this growing market trend.
Global Regulatory Development to Bolster the Demand for PCR Bottles
In light of the growing climate emergency, policymakers are establishing targets for waste and emissions. The governments have outlawed single-use plastic in nations with dense populations, encouraging people to switch to sustainable packaging products.
Economic expansion and rising consumption levels are anticipated to generate considerable growth prospects for PCR bottles. The large number of plastics-related rules in Asia and the EU, with France and India at the forefront in this regard, presents a tremendous potential for local manufacturers.
Drivers:
- Advancements in Molecular Biology:The continuous advancements in molecular biology techniques and research drive the demand for PCR (Polymerase Chain Reaction) bottles, which are crucial for DNA amplification and analysis.
- Diagnostics and Testing:PCR is a fundamental technique in diagnostics and testing, especially in the context of infectious diseases, genetics, and cancer research. This drives the need for PCR bottles in laboratories and clinical settings.
- Biotechnology and Genomics:The expanding fields of biotechnology and genomics require PCR bottles for applications like gene sequencing, genotyping, and gene expression analysis.
- Pharmaceutical and Biopharmaceutical Research:PCR plays a vital role in drug discovery, vaccine development, and biopharmaceutical research, increasing the demand for PCR bottles.
- Environmental Testing:PCR is used for environmental testing, such as the detection of pathogens in water and soil, contributing to the demand for PCR bottles in this sector.
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Key Takeaways from PCR Bottles Market
- Based on material, the rPET segment is expected to hold around 54% share of the global PCR bottles market by 2032.
- In terms of capacity, the 101 to 250 ml capacity type segment is expected to grow 1.6 times the current market value during 2022-2032.
- The food & beverage segment followed by the cosmetics & personal care segment by end use is projected to hold around 58% of the market value share by the end of 2022 due to the increasing adoption of sustainable packaging by the brands.
- The U.S. PCR bottles market is anticipated to grow 1.5 times the current market value during the forecast period
- Germany is estimated to hold nearly 23% of the Europe PCR bottles market by the end of 2032.
- Demand for PCR bottles in India is projected to rise at a CAGR of 7.3% during the forecast period.
Key Companies Profiled
- Amcor Plc
- Berry Global Group
- BERK COMPANY
- Silgan Plastics
- Ecopack Co. Ltd.
- Pretium Packaging
- Wolf Plastics (Alpla Group)
- Henkel AG & Co. KGaA
- Poly-Tainer, Inc.
- West Coast Container Inc.
- The Procter & Gamble Company
- Ecover Belgium NV
- Graham Packaging Company Inc.
- Method Products, Inc.
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Key Segments in the Reefer Container for Pharmaceutical Market
By Application Type:
- Pharmaceutical Preparations
- Injectables
- Blood Derivatives
- Vaccine and Serum
- Others
By Container Size:
- Small
- Medium
- Large
By Region:
- North America
- Latin America
- Asia Pacific
- MEA (Middle East and Africa)
- Europe
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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