The Global Ampoules packaging market is estimated to reach $5.36 billion by 2020 at a CAGR of 8.59% from $3. 27 billion in 2014.
Ampoules are basically manufactured using plastic and glass. The Asia Pacific and Latin America regions are witnessing fastest growth. This trend is expected to continue over the forecasted period on account of rising disposable income in these countries over.
Growing instances of disease, and regulations to keep solutions safe has made the ampoules packaging market grow consistently. The manufacturers are also enhancing their offerings by manufacturing products which are more suitable to healthcare industry.
Glass ampoules are considered as the ideal packaging material and are widely used for packaging pharmaceutical products. The growing technological propagation and amalgamation of ampoules packaging applications with a vast array of products such as glass and plastic and others are the major factors driving the growth of the ampoules packaging market.
The key determining factors for packaging are varying consumer trends, additional weight on the products, different sizes, shelf life and ease of recycling. Longer product shelf life, changing lifestyle of people, increasing disposable income across different regions and new innovative products are the major drivers for high growth of the flexible packaging market. Added to this, stringent regulations by FDA on other packaging materials particularly related to Pharmaceutical products.
Increased prevalence, early diagnosis, and regular monitoring of chronic diseases is likely to increase the demand for ampoules packaging during the forecast period. Refillable syringes contain drugs or medicine to be injected, which eliminates the use of ampoules. This might hinder the growth of the market in the long term.
Industry Structure and Updates
The industry is a fragmented market, with lot of players in the industry catering to the varied requirements of the pharmaceutical companies. As a result, companies are focusing on adopting new technologies to provide differentiation in the products, thus increasing their market share.
Companies mentioned:
– Akey Group
– Amposan
– BMT Corporation
– Gerresheimer
– Global Pharma
– Hindusthan National Glass
– J.Penner Corporation
– James Alexander
– Nipro Glass
– OCMI-OTG
– Sandfire Scientific
– Schott
– TricorBraun
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