The sales of packer bottle in terms of value is estimated to run over US$ 3,500 Mn in 2017. Further, it is forecasted that the market valuation would surge to a value of US$ 6,600 Mn by 2027 end, witnessing almost 2X increase in revenue during the period 2017 and 2027, at a projected CAGR of 6.4%.
Albany, NY -- (SBWIRE) -- 08/25/2017 -- The market for packer bottles has advanced over the years due to the demand from the pharmaceutical industry across the globe. Moreover, the significant shift in preference from glass to plastic has also influenced the market growth in this present time. To understand further, Market Research Reports Search Engine (MRRSE) has included a fresh report titled "Packer Bottle Market: Global Industry Analysis and Opportunity Assessment 2017 – 2027", to its vast database. The research study is a compilation of important information such as market dynamics, sales, revenue, forecast analysis etc. Moreover, a deep focus in also offered towards the main providers from the global packer bottle market.
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Traditionally glass was the only preferred material used for pharmaceutical bottles since it offers resistance to chemical contents for pharmaceutical products. However, the fragile and heavy-weight characteristics linked to glass pose a challenge mainly at the time of transporting the products, which can lead to product damage. This brought the rise of an alternative for glass bottles in the form of plastic which is light weight and unbreakable. Moreover, the cheaper price of plastic as compared to glass has made it a popular option globally. As per key research findings, the sales of packer bottle in terms of value is estimated to run over US$ 3,500 Mn in 2017. Further, it is forecasted that the market valuation would surge to a value of US$ 6,600 Mn by 2027 end, witnessing almost 2X increase in revenue during the period 2017 and 2027, at a projected CAGR of 6.4%.
The report study starts with a clear understanding about the executive summary which covers market analysis and FMI analysis & recommendations. Moving further, the readers can access information about the macro-economic factors, opportunity analysis, value chain analysis and Porter's five forces evaluation. All of these details are necessary to understand the global packer bottle market in a clear-cut manner for both the readers and investors.
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The next section of the report discusses the geographical expanse of the global packer bottle market. The primary regions discussed in the report are North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. For each of these regions, the market size and volume, key representative market participants and competitor market presence is carefully enclosed. The North America and Asia Pacific excluding Japan (APEJ) market for packer bottles is likely to witness the highest growth rate of 2X in terms of value and 1.9X in terms of volume, as a result of increasing machinery and product development.
Further, the market segmentation is presented based on color, capacity size, bottle shape, and application. Based on color, the global packer bottle market is divided into white, amber and others. Further, on the basis of bottle shape the market is bifurcated into round shape, oval shape and square shape.
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