SODIUM BICARBONATE IN PLASTIC CONTAINER Drug Patent Profile

Which patents cover Sodium Bicarbonate In Plastic Container, and what generic alternatives are available?

Sodium Bicarbonate In Plastic Container is a drug marketed by Abbott and is included in one NDA.

The generic ingredient in SODIUM BICARBONATE IN PLASTIC CONTAINER is sodium bicarbonate. There are one thousand four hundred and seventy-two drug master file entries for this compound. Sixteen suppliers are listed for this compound. Additional details are available on the sodium bicarbonate profile page.

DrugPatentWatch^® Litigation and Generic Entry Outlook for Sodium Bicarbonate In Plastic Container

A generic version of SODIUM BICARBONATE IN PLASTIC CONTAINER was approved as sodium bicarbonate by HOSPIRA on March 4^th, 2016.

Summary for SODIUM BICARBONATE IN PLASTIC CONTAINER

US Patents:	0
Applicants:	1
NDAs:	1
Raw Ingredient (Bulk) Api Vendors:	168
Clinical Trials:	264
DailyMed Link:	SODIUM BICARBONATE IN PLASTIC CONTAINER at DailyMed

Recent Clinical Trials for SODIUM BICARBONATE IN PLASTIC CONTAINER

Identify potential brand extensions & 505(b)(2) entrants

Sponsor	Phase
Indiana University	Phase 4
Taipei Medical University Shuang Ho Hospital	Phase 2
University of Southern California	Phase 2

See all SODIUM BICARBONATE IN PLASTIC CONTAINER clinical trials

US Patents and Regulatory Information for SODIUM BICARBONATE IN PLASTIC CONTAINER

Applicant	Tradename	Generic Name	Dosage	NDA	Approval Date	TE	Type	RLD	RS	Patent No.	Patent Expiration	Product	Substance	Delist Req.	Exclusivity Expiration
Abbott	SODIUM BICARBONATE IN PLASTIC CONTAINER	sodium bicarbonate	INJECTABLE;INJECTION	019443-001	Jun 3, 1986		DISCN	Yes	No
Abbott	SODIUM BICARBONATE IN PLASTIC CONTAINER	sodium bicarbonate	INJECTABLE;INJECTION	019443-002	Jun 3, 1986		DISCN	Yes	No

SODIUM BICARBONATE IN PLASTIC CONTAINER Market Analysis and Financial Projection Experimental

Sodium Bicarbonate Market Dynamics and Financial Trajectory

Market Overview

Sodium bicarbonate, commonly known as baking soda, is a versatile chemical with a wide range of applications, including the food, pharmaceutical, and industrial sectors. Here, we will delve into the market dynamics and financial trajectory of sodium bicarbonate, particularly focusing on its use in various industries.

Global Market Size and Growth

The global sodium bicarbonate market was valued at USD 1.42 billion in 2022 and is projected to grow to USD 2.24 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period of 2024-2031[2].

Segmentation by Grade

The market is segmented into different grades, with the food grade segment holding the largest market share, accounting for 45.5% of the market in 2022. This segment is expected to continue its dominance due to increasing demand in the food and beverage industry[2].

Food Grade Segment

• The food grade segment is driven by the need to meet food safety standards set by regulatory bodies like the FDA.
• Applications include baked goods, effervescent soda, food colorants, and other food products.
• Asia-Pacific, particularly countries like India and China, dominate this segment due to robust food processing and manufacturing industries[5].

Pharmaceutical Grade Segment

• The pharmaceutical grade segment is expected to grow at the fastest rate during the forecast period, driven by increasing demand in the pharmaceutical industry.
• Applications include antacids, dialysis treatments, effervescent drug formulations, and as a pH stabilizer in injectable medicines[2][3].

Regional Market Dynamics

Asia-Pacific

• This region dominates the sodium bicarbonate market, driven by strong demand from industries such as food processing, plastics, cement, and glass.
• Countries like China and India are key players, with China's food processing industry revenue expected to reach $2.2 billion by 2025[4][5].

North America

• The market in North America is influenced by factors such as strong demand from the food and beverage, pharmaceutical, and other downstream industries.
• The region experienced fluctuations in 2022 due to supply chain disruptions, rising raw material costs, and the impact of the COVID-19 pandemic[1].

Europe

• The European market remains stable, driven by consistent demand from the pharmaceutical and healthcare sectors.
• Seasonal demand, such as increased baking activities during festive seasons, also impacts the market[1][2].

Latin America

• The region benefits from rising building activity and increased use of sustainable materials, particularly in the glass industry.
• Brazil's agrochemical sector also contributes to the demand for sodium bicarbonate[1].

Price Trends

Recent Price Trends

• In the second half of 2022, the Asia-Pacific region saw a decline in sodium bicarbonate prices due to poor performance of feedstock materials, reduced market activities, and maintenance shutdowns of manufacturing plants[1].

Future Price Trends

• Analysts predict a decline in the price trend of sodium bicarbonate in upcoming quarters due to subdued demand and challenging global economic conditions[1].

Demand Drivers

Food and Beverage Industry

• The growing demand for convenience foods and the preference for processed foods over freshly baked goods drive the market.
• Sodium bicarbonate is used to control acidity, prevent caking, and extend the shelf life of food products[2].

Pharmaceutical Industry

• Increasing pharmaceutical R&D and global healthcare expenditures fuel the demand for pharmaceutical-grade sodium bicarbonate.
• Applications in antacids, dialysis treatments, and as a pH stabilizer in injectable medicines are significant drivers[3].

Agricultural Sector

• The use of sodium bicarbonate as a natural insecticide and for washing pesticides off fruits and vegetables contributes to its demand in the agrochemical sector[2].

Challenges and Opportunities

Challenges

• Fluctuations in the availability and cost of raw materials can impact production consistency and profitability.
• Adhering to stringent quality and safety regulations can increase production costs, posing challenges for smaller manufacturers[3].

Opportunities

• The rise of biologics, injectable medicines, and effervescent formulations presents opportunities for innovation and expansion.
• Government incentives and growing demand from Europe and North America offer lucrative growth opportunities, especially in regions like India and China[3][5].

Financial Trajectory

Revenue Growth

• The market is expected to grow from USD 1.49 billion in 2023 to USD 2.24 billion by 2031, at a CAGR of 5.2%[2].

Segment-wise Growth

• The pharmaceutical grade segment is expected to grow at the fastest rate, driven by increasing demand in the pharmaceutical industry.
• The food grade segment will continue to dominate due to its widespread use in the food and beverage industry[2][3].

Key Takeaways

• The global sodium bicarbonate market is driven by strong demand from the food, pharmaceutical, and industrial sectors.
• Asia-Pacific dominates the market, with countries like China and India playing key roles.
• The market faces challenges such as fluctuations in raw material costs and stringent regulatory requirements but offers opportunities for innovation and expansion.
• The financial trajectory indicates steady growth, with the market expected to reach USD 2.24 billion by 2031.

FAQs

1. What is the current market size of the global sodium bicarbonate market?

The global sodium bicarbonate market was valued at USD 1.42 billion in 2022[2].

2. What is the expected growth rate of the sodium bicarbonate market?

The market is expected to grow at a CAGR of 5.2% during the forecast period of 2024-2031[2].

3. Which region dominates the sodium bicarbonate market?

Asia-Pacific dominates the sodium bicarbonate market, driven by strong demand from industries such as food processing, plastics, cement, and glass[4][5].

4. What are the primary applications of pharmaceutical-grade sodium bicarbonate?

Pharmaceutical-grade sodium bicarbonate is used in antacids, dialysis treatments, effervescent drug formulations, and as a pH stabilizer in injectable medicines[3].

5. What are the key challenges faced by the sodium bicarbonate market?

The market faces challenges such as fluctuations in the availability and cost of raw materials and adhering to stringent quality and safety regulations, which can increase production costs[3].

Cited Sources:

1. Procurement Resource: Sodium Bicarbonate Price Trend, Database, News, Forecast.
2. SkyQuest: Sodium Bicarbonate Market Size and Forecast to 2030.
3. Market Research Intellect: Pharmaceutical Grade Sodium Bicarbonate Market.
4. Data Bridge Market Research: Global Sodium Bicarbonate Market Size, Growth, Trends And Forecast.
5. IndustryARC: Sodium Bicarbonate Food Grade Market Report, 2022-2027.