The sterile bottles market growth is expected to be driven by increasing demand for sterile bottles from various industries such as pharmaceuticals, food & beverages, and other industries. This increase in demand can be attributed to the rising incidence of viral infections, which are caused due to the use of non-sterile instruments. The awareness about such infections is increasing, which is resulting in rising demand for sterilized bottles. The sterilization process improves shelf life with aseptic packaging of critical devices and equipment. The demand for longer shelf life is driving the market growth. Furthermore, the efficiency of sterile bottles for short or long term sample storage in diagnostic laboratories is also driving growth of the market.
Increasing initiatives by various governments to promote healthcare infrastructure with the increasing instances of numerous diseases has led to increasing demand for sterile products and equipment. This is expected to provide lucrative growth opportunities for the market. Sterile bottles provide cost benefits and is helpful in protecting the ingredients from various viral infections. Therefore, it is gaining huge demand from the pharmaceutical and food & beverage industry, which is expected to augment the market growth.
Amongst all the end-use industries, the food & beverage industry would generate significant demand for the sterile bottles. The improvements in the standard of living of consumers have led to an increase in demand for packaged food across the globe. The consumption of contaminated food is causing numerous foodborne diseases amongst the public. The Food and Drug Administration suggests that the use of sterile packaged food would be helpful in improving the safety in food consumption. Furthermore, according to the Food Safety and Standards Authority of India, the sales volume of packaged food products surged by over 48% in the span of 2012 to 2016. With the increase in demand for packaged food and increasing awareness about adoption of sterile packaging, the sterile bottles market is experiencing a significant growth.
The sterile bottles market has huge growth opportunities with increasing popularity of biologics for the treatment of chronic disorders such as arthritis and diabetes. High level of proficiency is needed to maintain and preserve biologics, and this has led to rising demand for innovative product packaging solutions among biologic manufacturers.
Sterile Bottles Market - Impact of Coronavirus (Covid-19) Pandemic
With the emergence of Covid-19 pandemic, the focus of the pharmaceutical industry has shifted to increased testing and development of treatment for coronavirus. The sterile bottles industry is witnessing a sharp rise in demand for its products. To control the outbreak, diagnostic device manufacturers such as sterile bottle manufacturers have changed their strategies to address the diagnostics demand, especially in the lower and middle income countries. However, the industry is negatively impacted with the closing of manufacturing units across the globe. Some units have been working with minimal strength, leading to shortage or delay of product availability such as sterile bottles.