IV Bottles Market Present Scenario and Growth Prospects 2021 - 2031 | TMR Study

Transparency Market Research (TMR) provides key valuable insights for the IV bottles market in its published report, which incorporate global industry analysis, size, share, growth, opportunities, trends, and forecast for 2021-2031. In terms of revenue, the global market is anticipated to expand 1.8 times of current market value, by the end of 2031, consideration to the increasing demand for recyclable packaging across several countries, about which TMR offers detailed insights and forecasts in the IV bottles market report.

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IV bottles are manufactured using plastic and glass a raw material used for storage and administration of IV fluids or parenteral solutions. The plastic IV bottles are made of high-density plastics such as polyethylene, polypropylene, etc., which are easy to handle and administration of the IV fluids, while the glass IV bottles are used for the storage and administration of the sensitive medications such as antibiotics, etc. The IV bottles are coated with different barrier agents such as coating with the dark colors, especially the amber color, which offers resistance to changing temperature and weather conditions. The IV bottles are available in a wide range of sizes, shapes, and colors depending on the parenteral solution to be administered. The recyclable or disposable plastic IV bottles are highly preferred by the healthcare industries, owing to its ease & convenience and easy disposal after its use with leading to cause minimal pollution.

Excellent Chemical/Hydrolytic Resistance with Improved Barrier Properties Driving Demand for IV Bottles

The glass IV bottles are highly inert, and have high hydrolytic and chemical resistance toward the various concentrated solutions due to the presence of boric oxide in the IV glass bottles. The glass IV bottles are lowest coefficient, and their expansion and high thermal shock properties add to the barrier properties of the glass IV bottles. The barrier properties of the glass IV bottles can be improved with the use of rubber stopper effectively, which avoids the leaking or leaching process of liquids from IV bottles. The IV bottles are used to store various ranges of parenteral solutions starting from mild solutions to concentrated solutions.

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Therefore, as per the TMR analysis, the demand for IV bottles is anticipated to increase during 2021-2031, owing to their rising demand for outstanding barrier and resistance properties with excellent product handling, while giving an added level of enhanced durability and product safety.

Key Players Focus on Improving Recyclability & Decomposability of IV Bottles

The manufacturers involved in the production of the IV bottles are continuously working on the research & development area to improve the recyclability properties of the IV bottles with the use of lightweight plastic materials and other materials, which can be easily recycled and used in the manufacturing of the other plastic products such as plastic pellets, etc. The extensive use of the recycling facilities in the plastic recycling process is also fueling the demand, thereby driving the production of recyclable plastic IV bottles. This results into decrease in the carbon footprint and using of less energy while manufacturing recycled plastic IV bottles resulting into less production of pollution and waste.

Global manufacturers of IV bottles are continuously working on research & development for innovations in the enhancement of raw materials used in the manufacturing of plastic bottles, automatic dispensing of the parenteral solutions, etc.

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COVID-19 Propelling IV Bottles Market

The COVID-19 pandemic has led to the increase in the demand for pharmaceutical packaging in storage of administration of pharmaceutical parenteral solutions. Pharmaceutical manufacturers involved in the pharmaceutical packaging were involved into the production of the IV bottles beyond the capacity, owing to the increasing demand for administration of the parenteral solutions. The rising demand for the administration of medicinal solutions increased the demand for the pharmaceutical packaging, thereby boosting the production of IV bottles.

The global widespread of the COVID-19 infection resulted into increased demand for various pharmaceutical packaging solutions in regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Majority of the manufacturers were involved in the production of IV bottles beyond their capacity, and extensive emphasis on the research & development sector was laid for the improvement of physical properties of IV bottles, such as improved barrier properties, durability, etc. The logistics and supply chain on the global level was also carried out effectively by following protocols, thus meeting the needs of healthcare facilities.

Moreover, other factors such as decomposability and improved recyclability are also boosting the demand for rigid packaging from the manufacturer's side.

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IV Bottles Market: Competition Landscape

The global IV bottles market is expected to witness tough competition among well-established key players operating in the market. In addition, small entrants and local players in the IV bottles market are anticipated to create significant revenue streams, owing to the rising demand for customized and sustainable packaging solutions, which will boost the demand for IV bottles.

Some of the key players operating in the global IV bottles market are Baxter International Inc., Vioser S.A., B.Braun Melsungen AG, Fresenius Kabi AG, JW Life science Corp., Polycine GmbH, Kraton Corporation, MedicoPack A/S, EuroLife Healthcare Pvt. Ltd., JOTOP Glass, ICU Medical, Inc., BAUSCH Advanced Technology Group, Technoflex SA, Sippex IV Bag and The Metrix Company.

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TMR differentiated these players as Tier 1, Tier 2, and Tier 3 as per their segmental earnings. Among these players, Baxter International Inc., Fresenius Kabi, B. Braun Melsungen Inc., Kraton Corporation, and ICU Medical are identified as Tier 1 players in the IV bottles market. The Tier 2 players are EuroLife Healthcare Private Ltd., Vioser S.A., BAUSCH Advanced Technology Group, and Technoflex S.A. Tier 3 players are JW Lifescience Corp., Polycine GmbH, Medicopack A/S, The Metrix Company, JOTOP Glass, Sippex IV Bag, etc.

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