PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218858
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218858
According to Stratistics MRC, the Global Ampoules Packaging Market is accounted for $4.5 billion in 2022 and is expected to reach $7.7 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Injectable medication is packaged in ampoules. They are small bottles that are used to prevent contamination of liquids and solids. Drugs are kept sterile and protected from contamination by ampoules, which are either made of glass or plastic. Due to the rise in viral infections and diseases, there is a rising market demand for medications and vaccines. The market is also being driven by an increase in safety regulations for pharmaceutical packaging.
According to Pharmaphorum, Latin America's geriatric base is increasing rapidly. In 2010, 10% of the region's population was above 60 years, and by the end of 2040, this number is estimated to more than double, reaching 21%.
Market Dynamics:
Driver:
Demand for Product Packaging
The demand for ampoules in the pharmaceutical industry is rising significantly. The increased use of pharmaceuticals has been facilitated by factors such as moisture barriers, high dimensional stability, high impact strength, resistance to strain, minimal water absorption, transparency, heat and flame resistance, and extensions of expiration dates. Furthermore, contributing significantly to the market's expansion is the rising demand for affordable packaging.
Restraint:
Stringent government regulations
Because of the government's strict regulations, manufacturers provide safe packaging, which will spur market expansion. However, glass ampoules that are cracked, broken, or contaminated may cause percutaneous injury. This is expected to be a difficult task in the growth of glass ampoules packaging during the forecast period.
Opportunity:
Technological advancements
Governments in developed and developing nations, pooled procurement organisations, and regulatory and advisory cells made an effort for the advancements in the key players which is fueling the global demand for vaccines. This will likely lead to an increase in ampoule output capacity quickly. Due to advances in packaging technology, ampoules are now more durable, cost-effective, and content-independent. As a result, ampoules are used more commonly to store a variety of goods, especially liquid samples.
Threat:
Rise in production cost and brittleness of glass
Recycling is a crucial step because ampoules can only be used once, so skipping this step would result in a significant increase in production costs. It is still a concern that glass ampoules can contaminate the contents due to this. The market for glass ampoules is therefore hampered during the projection period. Additionally, a major issue limiting growth in the market for glass ampoules is the brittleness of glass. But plastic ampoules have drawbacks as well, including high absorbability and low heat resistance.
COVID-19 Impact:
The market for packaging ampoules around the world was negatively impacted by COVID-19. Production was interrupted as a result of extensive supply chain disruptions. The market growth rate significantly decreased as a result. On the other hand, the demand for pharmaceuticals rose sharply during that time. The market displayed a V-shaped recovery because the demand for ampoules and drugs are directly correlated. It is anticipated that the global market will soon return to its prior growth rate.
The Pharmaceutical segment is expected to be the largest during the forecast period
Among end users, the pharmaceuticals segment is expected to dominate the market during the projection period. The market is expanding as disease incidence among groups of people is increasing. Ampoules must be used in order to preserve the aseptic conditions of pharmaceutical drugs. Moreover, pharmaceutical ampoules are becoming more viable due to the development of environmentally friendly and affordable packaging materials.
The plastic segment is expected to have the highest CAGR during the forecast period
The pharmaceutical industry has seen a significant increase in the demand for plastic ampoules; therefore, the plastic segment is anticipated to have lucrative growth during the estimation period. Barriers against moisture, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, resistance to heat and flame, and extension of expiration dates are features that have contributed to this growth. Another important factor in this regard is the high demand for low-cost packaging.
Region with largest share:
Over the forecast period, North America is anticipated to dominate the global ampoules market as the number of drugs and vaccines has increased due to rising health-related infections and allergies in the United States. Furthermore, Latin American countries are actively working to prevent these counterfeit medicines, vaccines, and drugs from reaching consumers, which has an adverse effect on the market's growth.
Region with highest CAGR:
Asia Pacific region is expected to have lucrative growth during the forecast period as developing nations like India experience exceptional growth in the pharmaceutical industry, including players like SGD Pharma India Ltd., which produces 4,000 metric tonnes of tubular vials and ampoules annually (equivalent to more than 700 million pieces at the Vemula glassworks of SGD Pharma (India)).
Key players in the market
Some of the key players in Ampoules Packaging market include AAPL Solutions, Nipro Pharma Packaging International NV, Schott AG, Gerresheimer AG, J.Penner Corporation, Stevanato Group, ESSCO Glass, James Alexander Corporation, Amposan S.A., Global Pharmatech Pvt Ltd, Hindusthan National Glass & Industries Limited, Adelphi Healthcare Packaging, Solopharm Company and Sandfire Scientific Ltd.
Key Developments:
In August 2021, Serum Institute of India, the largest vaccine producer and manufacturer of biologics, had bought a 50% stake in the Indian packaging joint venture SCHOTT Kaisha. The joint venture between Germany's specialty glass company SCHOTT AG and Indian group Kaisha, manufactures pharma packaging products such as vials, syringes, ampoules and cartridges used to package life-saving medications.
In May 2021, Japan-based packaging company Nipro PharmaPackaging had acquired Croatian glass pharmaceutical packaging manufacturer Piramida. Under the ownership of Blue Sea Capital private equity fund, Piramida got a modernisation of its facilities, welcomed eight new production lines, and witnessed a strong development of its ampoules and vials business. This led the company being ranked among the top five largest ampoule manufacturers for the pharmaceutical industry in the European market.
In March 2021, Aenova, one of the leading development service provider sand contract manufacturers for the pharmaceutical and healthcare industries, significantly increased its ampoule capacities, at its Gronau site. With the new ampoule filling and closing line, the sixth sterile line at the Gronau site, a new fully automatic optical control line and a likewise new packaging line, a total of more than 100 million ampoules and vials can now be produced per year.
Material Types Covered:
Capacities Covered:
Ampoule Types Covered:
Applications Covered:
End Users Covered:
Regions Covered:
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.