IV Bottles Market Applications and Regional Insights during the Forecasted Period 2021-2031

According to Transparency Market Research's latest report on the global IV bottles market for the forecast period of 2021-2031, the market is projected to be driven by continuous research & development activities in the pharmaceutical packaging, which are leading to developments in the IV bottles in terms of improving barrier properties, and growing demand for recyclable and sustainable packaging for the product

The global IV bottles market is expected to expand ~1.8 times to the current market value at a CAGR of 5.4% during the forecast period.

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Newly released data from the global IV bottles market analysis shows that global demand for overall IV bottles market witnessed year-on-year (YoY) growth of 3.8% in 2021 to a total of 25,375 Million Units. The 251 to 500 ml segment is estimated to grow by 4.7% to 14,167 Million Units, while the above 500 ml segment is estimated to grow at a CAGR of 3.6% to 6,372 Million Units.

In 2021, the U.S. IV bottles market grew by 2.6% YoY, bucking initial skepticism about how the market would perform during a global pandemic. Across North America, total demand/sales for plastic IV bottles is estimated to reach US$ 855.6 Mn by 2031.

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Rising Demand for Plastic Recycling and Sustainable Manufacturing Escalating Market Growth

In recent times, global rigid packaging has witnessed significant market growth, owing to the added advantages in terms of durability, versatility, and recyclability. Moreover, continuous research & development activities in rigid packaging have led to innovations in the different rigid packaging materials, thereby pulling the demand for the market.

IV bottles are manufactured using various plastic materials such as LDPE, HDPE, polypropylene, etc., which are lightweight and durable in nature. The recyclable plastic IV bottles can be used in the making of the plastic pellets after its use and is gaining traction as it involves easy disposal and recycling practices. In addition, green labels or tags on plastic IV bottles are gaining demand due to the elimination of the harmful plastic resins or materials present in the plastic IV bottles.

Improved research & development activities for the manufacturing of IV bottles are adding to the recycling and sustainable properties of the IV bottles, owing to the better product properties such as durability, sustainability, and designs such as various shapes and sizes of the bottles. The improved plastic resins material add to the increase in the transparency properties of the bottle, which is easier on the patient in terms of administration of the medicinal sterile dosage forms.

Majority of the IV bottles are used for the administration of the saline in form of the glucose, dextrose, etc., sterile parenteral fluids, which fuel the demand for IV bottles, thus likely to uplift the IV bottles market.

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Customization and Versatility in IV Bottles Gaining Demand

IV bottles are used to store and hold a variety of parenteral liquids ranging from glucose sterile fluids to the antibiotic parenterals. The IV bottles are customized in various sizes according to the ml range, and coated with barrier agents such as amber coloured IV bottles are used in the case of storage and administration of the antibiotics, owing to their sensitive nature in terms of changing temperature and weather conditions. The IV bottles are also available with the hanging hook, owing to the easy administration and easy hanging of the IV bottle to the IV stand with no additional requirements of the hanging or puncturing materials or accessories.

IV Bottles Market: Key Findings

In terms of plate size, 251ml to 500 ml segment is forecast to hold more than 2/5th of the market share, owing to the ease & convenience in handling of the IV bottles and the sufficient storage in holding of the sterile or parenteral liquid. These IV bottles are used to store and hold the adequate quantity of the sterile liquid to be administrated to the patient effectively. This capacity of the bottle is preferred by majority of the healthcare industries in administration of the antibiotics and sterile liquids ranging from the dextrose solutions to the antibiotics. Therefore, owing to the adequate capacity for the storage and administration of the sterile liquids, along with the ease & convenience in handling of the IV bottle is forecast to drive the IV bottles market.

Based on material, the plastic segment is expected to hold majority of the market share, owing to the easy hand ability of the IV bottles in the storage and administration of the sterile liquids with no breakage risk. The target segment is forecast to offer total incremental opportunity of US$ 1 Bn during the next 10 years, and likely to expand by 1.8 times to its market value during the next 10 years.

North America region is expected to capture lucrative opportunities for the IV bottles market, owing to the increased research & development activities in the pharmaceutical and healthcare industries in countries such as the U.S. and Canada. In addition, owing to the presence of majority of pharmaceutical manufacturers operating in the IV bottles in this region is also expected to cater the growth to the IV bottles market.

North America is estimated to hold ~40% share of the market by the end of the forecast period considering the growth of the pharmaceutical packaging sector and continuous research & development activities leading to innovations in the IV bottles, in terms of enhancing product characteristics and features with versatility

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IV Bottles Market: Competition Landscape

TMR studied and analyzed that the global IV bottles market is highly competitive, owing to new start-ups and entry of local players. This competition among key players is carefully studied based on innovations, developments, strategies, and segmental revenue of companies over the past five years.

The recent study of paper bottles market includes profiles of players such as

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

The Metrix Company

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