Lucintel’s latest market report analyzed that vial and bottle provides attractive opportunities in research labs, clinical research, pharmaceutical companies, compounding pharmacies, hospitals, and healthcare centers. The vial and bottle market is expected to reach $22.8 billion by 2025 with a CAGR of 4.4%. In this market, glass is the largest segment by material, whereas pharmaceutical is largest by end use industry. The adoption of blow-fill-seal technology in vials and bottles, growing demand for bio based and recyclable material for production of vials and bottles, and increasing adoption of advanced plastic bottles provides strategic growth path in this market.
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Based on material, the vial and bottle market is segmented into glass and plastic. The glass segment accounted for the largest share of the market in 2020 as it is inert in nature and available in a variety of grades having significant barrier properties.
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The vial and bottle market is marked by the presence of several big and small players. Some of the prominent players offering vial and bottle include Gerresheimer, Schott, Nipro, Amcor, Becton Dickinson & Co., Berry Global, Baxter International, Corning, West Pharmaceutical, AptarGroup, and O.Berk.
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