The global graduated sample bottle market is expected to register a market value of US$ 2.5 billion in 2023 and is projected to accumulate a valuation of US$ 4.2 billion by exhibiting a CAGR of 5.3 % in the forecast period 2023 to 2033. The graduated sample bottle market registered a CAGR of 4.2 % in the historical period 2018 to 2022.
The graduated bottles are widely utilized for the purpose of sampling and storing liquid solutions. These bottles are used in processes that involve the delivery of chemicals and other liquids. These bottles are generally available in transparent and amber colors, with the borosilicate glass bottle providing a see-through feature of the sample or liquid. These types of bottles have found their use in laboratories and industries. Graduated bottle features printed graduations, which are chemical resistant, leak-proof, and has a wide opening, making them easy for cleaning and filling.
In addition, medium-neck graduated sample bottles offer features like durability and adaptability at a cheap price, which is itself a significant growth driving factor for the product demand. The manufacturers of graduated bottles are focusing on the bottle’s closure cap, which guarantees a secure seal for the bottle and will positively benefit the overall market growth.
The surging demand for liquid solvent, chemical, and powder sampling is fuelling the demand for medium neck graduated sample bottles. The precise amount of filling feature and easy measurement of samples provided by the bottle enable frequent use of the bottle. The shape and dimensions of graduated bottle make it easy for safe handling, cleaning, and food interaction among others. The crystal clarity in a glass-based sample bottle and inked measurement on outer side of the bottle help in exact product consumption while minimizing waste. These characteristics of graduated containers make them a suitable choice for specialized product packaging.
These bottles are safe, and secure and are used as multipurpose sample holding containers which are broadly used for collection and storage of biologics and other pathological samples. Therefore, rising use of graduated bottles in medical and laboratories will propel the demand for these bottles in the forecast period. Along with this, graduated sample bottles made from plastic material are expected to experience significant growth due to their squeezable, lightweight, and durable nature.
On the regional end, North America commanded the maximum revenue share of over 32% in the graduated sample bottle market in 2022. The region will retain its lead by accounting for over 40% market share by end of the forecast period. Factors such as favorable reimbursement policies, surging government investments in the innovation of cutting-edge medical equipment, and the strong presence of key players are expected to augment growth in this region.
Also, increasing per-capita healthcare expenditure and growing need for laboratory automation is further expected to amplify product sales in the region. The market in South Asia and East Asia region offers promising growth opportunities for the expansion of graduated sample bottles market. The regions will witness CAGR of 4.9% and 5.1% respectively during the forecast period.
Rapidly growing economies and increasing investments in research and development activities are further expected to drive the sales of these bottles. The continuous expansion of end-use industries such as the pharmaceutical and chemical industries will also create substantial demand for graduated sample bottles throughout the forecast period.
How Competitive is the Market?
Recent innovations, product launches, breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing graduated sample bottles are anticipated to create new opportunities for market expansion during the forecast period.
In December 2021, Thermo Fisher Scientific Inc. bought PPD, Inc., a multinational company that offers clinical research services to the biotechnology and pharmaceutical sectors. The addition of PPD’s clinical research services enhances the company’s ability to serve biotech and pharmaceutical clients by empowering them to fasten innovation and boost output during the drug development stages.
In October 2021 – Owens-Illinois, a glass packaging company, reported of an investment of US$ 178.8 million at two of their facilities in Brazil. This new investment is part of a US$ 680 million commitment from the world’s biggest container glass manufacturer that will be made between 2022 and 2024 to boost production in areas with limited supply and integrate a technology that will change the glass manufacturing process.
Graduated Sample Bottle Market Overview
According to the latest research by Future Market Insights, the Graduated Sample Bottle market is set to witness a growth of more than 4-5% during 2021-2031. Demand for Graduated Sample Bottle expects to witness steady recovery in the short-term, with an optimistic growth outlook in the long run. The growing advancement for the Graduated Sample Bottle market industry will offer lucrative opportunities in near future.
What are the Major Drivers of the Graduated Sample Bottle Market?
The demand for a graduated sample bottle is primarily influenced by the increased demand for the sampling of chemicals, liquefied solvents, and powder samples. These bottles are used in a process involving the distribution of chemicals and other solvents.
The accurate filling and measuring of samples provided by the bottle allow the use of the bottle more often. These bottles are offered in transparent and amber color formats, with the transparent bottle providing clear visibility to see the sample or liquid.
The growing demand for chemical, liquid solvent, and powder sample sampling drives the demand for a medium neck graduated bottle. The precise filling and measurement of samples provided by the bottle allow the bottle to be used more often.
The clear visibility and graded measurement on the exterior of the bottle aid in precise product consumption and minimize waste. They come in a wide range of shapes and sizes for various applications. The bottles are chemical resistant, leak-proof, and wide openings to ensure the bottles are comfortable to fill and clean.
Which Factors are Likely to Augment the Growth of the Graduated Sample Bottle Market?
Graduated sample bottles provide convenience in allowing the exact volume of material to be used and added to the bottle. It promotes easier sampling avoiding wastage of samples. Increasing R&D and manufacturing in agro, chemical, pharmaceutical industries will lead to rising demand for the graduated sample bottles leading to the growth of the market.
The design and dimension of the bottle provide secure handling and easy washing. These features will propel the demand for graduated sample bottles growing the market in the forecasted period.
North America Graduated Sample Bottle Market Outlook
North America held the majority of the revenue share of the global market in 2020. The presence of strong infrastructure, manufacturing, and R&D are the contributing factors for growth in the region. Further, the key manufacturers in the region make the region’s market with a greater revenue share for the graduated sample bottle market in the forecasted period.
Asia-Pacific Demand Outlook for Graduated Sample Bottle Market
The rising R&D in the region will lead to high demand for graduated sample bottles in the region. The increasing manufacturing industries, chemical industries, pharmaceutical companies in the region will lead to propelling the growth of the graduated sample bottle market in the region in the forecasted period.
These insights are based on a report by Ismail Sutaria Graduated Sample Bottle Market by Future Market Insights.