Media Bottles - Market Overview
The packaging industry is growing across the globe due to increasing demand of packed material or product throughout the world. The media bottles are an essential part of the packaging industry. It gains significant attention in the packaging industry due to their transparency. It can be used in the multiple industries such as pharmaceutical, biotech, chemical and in many other industries. Media bottles prevents permeation of gases including water vapour and oxygen. It also prevents circulation of microbes, altering and demeaning the quality of the solvent or chemical. These heavy duty media bottles mainly manufactured from borosilicate glass because it has good chemical and thermal resistance capability. Media bottle can be used for storage as well as mixing and sampling of chemicals. Media bottles have permanent white enamel graduations and marking spots which help in identifying the quantity of solvent. Multiple options available in the market for media bottle such as clear glass, coated glass, and low actinic media bottle for light sensitive applications. The media bottles market is expected to grow in near future due to increasing demand of the bottles by various industries.
Media Bottles - Market Dynamics
Growth in demand for media bottles market is estimated to grow strongly for several reasons. One of the significant factors contributing towards the growth of media bottles market in the coming years is the growing demand for media bottle for the storage and mixing of chemical or solvent by various industry such as pharmaceutical, chemical, biotech etc. Moreover, the media bottles is often efficient solution for storage of chemical rather than an alternative solution such as metal or plastic bottles because media bottles have a better chemical resistance property rather than others. This is one of the key factors contributing to higher preference for media bottles, so it is considered as a positive factor which participates in the stagnant growth of the media bottles market. Nowadays, square media bottle is on trend because it saves 13%-20% storage space rather than square media bottle.
Media Bottles - Market Segmentation
The media bottles market can be segmented by capacity type, and by end use industry.
On the basis of capacity type, media bottles is segmented into –
- Up to 30 ml
- 30 to 60 ml
- 60 to 100 ml
- 100 to 250 ml
- 250 to 500 ml
- 500 to 1000 ml
- 1000 to 2000 ml
On the basis of end use industry, media bottles is segmented into –
Media Bottles Market - Regional outlook
Global media bottles market has been segmented on the basis of region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these regions, Europe is expected to dominate the market throughout the forecast period. North America is expected to be the biggest subscriber of the media bottles because there is a great presence of pharmaceutical industry. Latin America and Middle East & Africa are expected to witness sluggish growth in media bottles market over the forecast period. Furthermore, Asia Pacific media bottle market is expected to grow by maximum CAGR. India and China have expected the significant growth in market volume share as the rise in the retail sector in these regions. Asia Pacific has the largest regional market for media bottle, owing to high demand from chemical, pharmaceutical and biotech industry.
Media Bottles Market - Key players
Few of the key players identified across the globe in the media bottles market are Duran Group, Gerresheimer Glas GmbH, Essco Glass, Spectrum Chemical Manufacturing Corporation, Sunrise Glass Industries Private Limited, Riviera Glass Private Limited, Ying Teng Enterprise Pte Ltd, Medtra Pte Ltd, Wiegand Glas, Haldyn Glass Ltd, Sgd Group Sas, Stölzle glass group, Origin Packaging Ltd., Beatson Clark etc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.