Security Bottles Market Forecast
According to latest research, security bottle market is projected to grow at a CAGR of 8-10% for the forecast period of 2021-2031.
Demand for this product will be witnessed across all regional markets. Due to a constant increase in demand for containers that can sustain and store chemical & medicinal liquids that need protection, the market for this product is set to prosper.
What is Driving Demand for Security Bottles?
A variety of industrial & commercial liquid products need safe containers due to numerous reasons such as the liquid being hazardous, expensive, evaporative, etc. Demand for security bottles has been increasing due to its critical function of providing protection and storage to such liquids.
These bottles are easy to handle as compared to large containers, often portable and come in many shapes and sizes depending on the end use application.
The bottles find immense utilization in personal care & cosmetics sector. From expensive cosmetics to perfumes that evaporate when in contact with air, these bottles find widespread application in this domain. Also, security bottles are widely used for alcohol storage.
These bottles come with different securing facilities such as caps, locks, stoppers, tags, and more. Hence, the customer gets a range of security options to choose from according to the liquid product and the amount of safety required.
New developments are being made in the market of this commodity. For example, bottles with built in electronic article surveillance tags to help reduce product theft from manufacturer factories and retail stores are being produced.
Such bottles have a tag, placed in a pocket that is formed in the outside wall of the bottle and is hidden by applied label. Because the tag is outside the bottle, there is no possibility of product contamination. Such new product developments are projected to further boost the market of security bottles.
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End Use Application for Chemicals and Pharmaceuticals to Drive Security Bottles Market
Chemicals must be handled with care and cannot be stored in generic bottles. Security bottles accommodate toxic and hazardous chemicals. Bottles for chemicals are specially manufactured and are chemically resistant. They have low expansion; possess mechanical strength and are resistant to thermal shock, hence making them perfect containers for chemicals.
Furthermore, these bottle can be used to store medicines, nutritional supplements and other pharmaceuticals as well, providing wide scope for growth of security bottles industry in these end use sectors.
ASIA-PACIFIC Security Bottles Market Outlook
The Asia-Pacific region is anticipated to have the largest global market share for this product. This region is developing and industrializing. The chemical as well as pharmaceutical sector of many countries in this region including India and China is expanding at a rapid rate. Rise in the quantity of chemicals, medicines, other pharmaceuticals produced will in turn urge the requirement of security bottles to hold them.
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North America & Europe Security Bottles Market Outlook
The market in the North American region is expected to grow at a steady pace, driven by the chemical, pharmaceutical and personal care sector. This shall be owing to the presence of many top key players from these target end use industries that procure security bottles for their products. Companies are innovating and creating additions to security bottle features, which will lead to robust growth in the demand for this product in the forecast period.
Demand in the European region would be driven by the personal care sector to a great extent. The research & development centers of key manufacturers based in the region require such bottles for safekeeping their experimental liquids. Hence, the sales for these bottles in this region will be immense and the market will grow at steady rate.
Who are the Key Manufacturers and Suppliers of Security Bottles?
Some of the key players operating in the global security bottle market are
- Leghorn Group (US)
- Thomas Scientific (US)
- CP Lab Safety (US)
- Quality Container Co (Philippines)
- Fox Life Sciences (US)
- Borosil Glass Works (India)
- Berlinger and Co. AG (Switzerland).
Companies like The Leghorn Group are manufacturing and providing bottle products with numerous features like narrow openings, square bottom bottles, and more. These innovations are contributing to the robust growth in security bottle demands.
An Adaptive Approach to Modern-day Research Needs
Security Bottles Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By End Use
- Food & Beverages
- Cosmetics & Personal Care
- North America
- US & Canada
- Latin America
- Brazil, Mexico
- Germany, Italy, France, UK, Spain, Benelux, Russia, Nordics
- East Asia
- China, Japan, South Korea
- South Asia and Pacific
- India, ASEAN, Oceania
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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