The IV infusion bottle seals and caps market is expected to grow steadily with a CAGR of 5.4% from 2023 to 2033, reaching a value of US$283.9 million. This growth is driven by factors such as the aging population, increased per capita health spending, and rising demand for parenteral packaging solutions.
The prevalence of chronic diseases and the popularity of parenteral nutrition therapy contribute to the growing demand for IV infusion bottle seals and caps. Efficient medication administration systems are in demand, particularly for the elderly population with multiple ailments, leading to a higher preference for IV drugs and boosting market growth.
Advancements in printing technology and increasing automation in the industry are expected to further contribute to market expansion.
North America is anticipated to dominate the global market, benefitting from its robust healthcare system and continuous pursuit of the best medical polymers. Additionally, advancements in pharmaceutical plastic bottles drive market expansion in the region.
Leading companies in the market are focusing on expanding their global reach through outsourcing approaches, collaborating with pharmaceutical packaging industries in East Asia and South Asia to reduce operating costs and improve logistics and transportation efficiency.
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Key Takeaways from IV Infusion Bottle Seals and Caps Market:
- The global IV infusion bottle seals and caps market size stood at US$ 132.2 million in 2018.
- From 2018 to 2022, the market expanded at a moderate CAGR of 4.8%.
- In 2022, the market size stood at US$ 159.6 million.
- The PP caps segment by product captured 61.8% market shares in 2022.
- The neck size 21 to 28 mm segment garnered 65.6% market shares in 2022.
- North America occupied 32.6% market share in 2022.
- The United States IV infusion bottle seals and caps market captured 30.2% market shares in 2022.
- Europe IV infusion bottle seals and caps market accounted for 30.9% of global market shares in 2022.
Recent Developments Observed by FMI:
- In 2021, Cardinal Health stated that CVS Health has extended the terms of their contracts for the delivery of medicines to retail pharmacies and distribution centers through June 30, 2027.
Competitive Landscape
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.
- Malaysia-based Creador, in August 2020, did invest US$ 34.1 Million in Shriji Polymers (India) Ltd. The product line of the latter includes polypropylene caps and high-density polyethylene bottles. The major objective was expansion at the global level.
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Market Benefits of the Global IV Infusion Bottle Seals & Caps Market Study:
- Comprehensive Insights: The study offers in-depth analysis of the global IV Infusion Bottle Seals & Caps Market, providing current trends and future estimations to identify potential investment opportunities.
- Competitive Outlook: Thorough analysis of key market players and their strategies aids in understanding the competitive landscape of the industry.
- Application Analysis: An extensive examination of the market based on application helps in understanding industry trends.
- Quantitative Market Analysis: The report presents quantitative analysis of the market from 2023 to 2033, enabling stakeholders to capitalize on existing market opportunities
Key Players:
- B. Braun Medical Inc.
- RENOLITSE
- Medline Industries Inc.
- Wuxi Qitian Medical Technology Co., Ltd
- Datwyler Holding AG
- Winfield Laboratories Inc.
- Prasad Meditech
- Taiwan Hon Chuan Enterprise
Regional Analysis:
Why is North America Dominate the Global Market Shares?
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.
How is the Europe Region Faring in the Global Market?
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.
What are the Growth Insights in Asia Pacific Region?
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
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Key Segments Covered in IV infusion bottle seals and caps Industry Research
By Product:
- PP Caps
- Euro Pull Ring Caps
- Double Fold Caps
- Foil Caps
- Rubber Seals
By Neck Size:
- Up to 20 mm
- 21-28 mm
- 29-32 mm
- Above 32 mm
By Application:
- Packaging
- Cups & Lids
- Trays
- Boxes & Cartons
- Pouches & Sachets
- Labels
- Blisters & Clamshells
- Wraps
- Tapes
- Printing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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