A recently published report by Research Nester on “Boston Round Glass Bottle Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Boston round glass bottle market in terms of market segmentation by bottle size, by color, by caps and closure, by end user industry and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Global pharmaceutical packaging market stood at around USD 85 Billion in 2018 and is projected to observe a CAGR of more than 5% till 2027.Robust growth of healthcare packaging market is likely to foster the demand for Boston round glass bottles in the next few years. Boston round glass bottles are preferred over traditional plastic bottles, as these bottles are composed of glass, that offers more strength and compatibility as compared to plastic bottles. Boston round bottles are predominantly preferred in healthcare and pharmaceutical industry, as these bottles can hold high quality solid and liquid applications. Among the three categories of glass, the Boston round glass bottle comes in type III which are made of untreated commercial soda-lime-silica glass. These bottles are available in different styles and colors among which amber and flint color provide the opportunity to select the best packaging for dissimilar contents. Owing to these factors, the global Boston round glass bottle market is anticipated to record a CAGR of 7% over the forecast period i.e. 2019-2027.
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Furthermore, the Boston round glass bottles provide tough resistance to store any liquid, powdered specimens or solid samples. These bottles also allow to monitor filled levels as it provides complete clarity. Assembled with the best material grade, the glass bottles frequently feature a broad-mouthed design for the addition and removal of materials. Expanding its applications, the Boston round bottles are additionally used for storing cosmetics, dyes, shampoos and syrups. The bottles have smooth surface which makes it easy for labelling. The market for Boston round bottle is rising by cause of its wide ranging applications attributed to its properties like corrosion resistant, inertness, heat resistant, light resistant, etc.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
On the basis of regional analysis, the Boston round glass bottles market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to hold the largest share in the total revenue owing to rising demand from various end-use industries. Asia Pacific is expected to have the highest CAGR in the global market owing to rising industrialization in emerging economies such as India and China. Moreover, increasing GDP and growing expansion of pharmaceutical, food & beverages, and cosmetic & personal care industries are estimated to surge the market growth in this region.
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Broad Base of Applications
The utilization of Boston round glass bottle increased in cosmetic & personal care industries, as these bottles have properties to package high quality solid and liquid specimens. These bottles are a multipurpose choice for food & beverages and home care products. Additionally, Boston round bottles are available in various styles and colors.
This report also provides the existing competitive scenario of some of the key players of the Boston round glass bottle market which includes company profiling of Gerresheimer AG, O.Berk Company, LLC, E.D. LUCE PACKAGING, Cole-Parmer Instrument Company, LLC, MJS Packaging, BASCO, Inc., Shandong Pharmaceutical Glass Co., Ltd., The Cary Company, Salbro Bottle Inc. and YiwuHuicheng Glass Products Co., Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Boston round glass bottle market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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