IV Bottles Market to Reach Valuation of US$ 4 Bn by 2031; Rise in Use of EU GMP-certified IV Bottles Creates Substantial Avenues, TMR Study

IV Bottles Market to Reach Valuation of US$ 4 Bn by 2031; Rise in Use of EU GMP-certified IV Bottles Creates Substantial Avenues, TMR Study

PR Newswire

ALBANY, N.Y., Dec. 23, 2021

- Players in the IV bottles market are providing products with self-sealing septum; in order to maintain aseptic conditions, manufacturers are performing sterilization of containers at high degrees

Companies are strengthening their production capabilities to ensure continuous product supply amid the COVID-19 pandemic

ALBANY, N.Y., Dec. 23, 2021 /PRNewswire/ -- Transparency Market Research: Major players in the global IV bottles market are inclining toward the use of low density polyethlene (LDPE) produced from medical grade granules for the manufacture of their products. Barrier properties, flexibility, stress crack resistance, and good impact strength are some of the important advantages of LDPE are influencing the product development decisions of IV bottle manufacturers and increasing its adoption. Moreover, the economic nature of LDPEs is one of the prime factors boosting its use.

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The popularity of non-polyvinyl chloride (PVC) and DEHP-free IV bottles is increasing, owing to their ability to prevent the plasticizer leaching the solution. Hence, manufacturers are ensuring the availability of these products. Furthermore, companies are strengthening their production capabilities in additive-free and latex containers, which are considered a safe option for drug infusion.

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Enterprises in the IV bottles market are experiencing an increase in inclination of end users toward the use of EU-good manufacturing practice (GMP)-certified IV bottles. Moreover, several players are focusing on the introduction of fully collapsible IV bottles, which do not require air vent.

A study by Transparency Market Research (TMR) notes that the global IV bottles market is projected to expand at a CAGR of 5.4% during the forecast period, 2021-2031.

The IV bottles market is expected to gain growth prospects in North America, which is expected to hold 40% market share by end of the forecast period. This growth can be attributed to increased R&D projects in the healthcare and pharmaceutical industries of several regional countries, including Canada and the U.S.

The introduction of self-sealing septum in both ports of IV bottles helps in avoiding the possibility of leakage, accidental loss of solution, and contamination. As a result, companies in the market are focusing on increasing the production of such innovative products.

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IV Bottles Market: Key Findings

IV bottles find main application in the storage of various parenteral liquids, including antibiotic parenteral and glucose sterile fluids. Manufacturers are providing customized products in different sizes as per the ml range. There is a notable increase in the use of amber colored IV bottles coated with barrier agents for the storage and administration of the weather- and temperature-sensitive antibiotics.

Companies are increasing investments in R&D projects, which are concentrated on the development of products with advanced recyclability properties. For this purpose, players are using lightweight plastic materials and other materials that can be recycled easily and used to produce other plastic products, including plastic pellets. Such R&D activities are helping in decreasing carbon footprint and use of energy for recycled plastic IV bottles production, thus leading to less waste production and pollution. Furthermore, market players are growing efforts for the incorporation of soft propylene in the production of IV bottles.

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IV Bottles Market: Growth Boosters

IV Bottles Market: Key Players

The list of key market players includes:

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lobal IV Bottles Market Segmentation

IV Bottles Market by Capacity

IV Bottles Market by Material

IV Bottles Market by Application

IV Bottles Market by Region

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