Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.54 Billion | USD 27.18 Billion | 7.2% | 2023 |
According to the report published by Zion Market Research, the global Pharmaceutical Glass Ampoules Market size was valued at USD 14.54 Billion in 2023 and is predicted to reach USD 27.18 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.2% during the forecast period. The report analyzes the global Pharmaceutical Glass Ampoules Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Pharmaceutical Glass Ampoules industry.
An ampoule is a sealed vial primarily used in the packaging of a drug which can be either a solid or liquid. Glass ampoules have become an important component in the pharmaceutical industry owing to their benefits. Glass ampoules are widely used in packaging for injectable drugs. Glass has several important characteristics owing to which it has been widely used in the fabrication of recipients for drugs and other sterile formulations.
The pharmaceutical packaging process has seen many innovations in the past decade. Many key pharmaceutical players engaged in drug packaging are constantly focusing on minimizing errors to ensure that the drug will reach customers that are defect-free. Also, the medical regulatory authorities are primarily focusing on contamination-free packaging materials for drug delivery. Owing to this, glass ampoules are expected to witness a significant rise in demand over the forecast year.
The global pharmaceutical glass ampoules market is anticipated to witness healthy growth over the forecast period. Key factors that are contributing to the growth of the market include the growing demand for inert material for drug packaging especially for sterile formulations, the rapidly expanding pharmaceutical industry and a large number of borosilicate glass vials manufacturers across the world. Most of the drug components require inert material for final packaging as other materials may interact with the drug and produce unexpected results, this is why the demand for glass ampoules has remained constant in the pharmaceutical market.
Additionally, the pharmaceutical industry around the world is expanding at a rapid rate. Moreover, the easy availability of the ampoules owing to a large number of manufacturers around the world is expected to increase its demand over the forecast period. However, contamination issues related to glass particles may hamper the growth of the market. Glass particle contamination upon the opening of some types of ampoules is common, due to which many pharmaceutical players are shifting to pre-filled syringes.
On the other side, with the growing demand for durable and eco-friendly drug packaging solutions, demand for glass ampoules is expected to increase in pharmaceutical files over the forecast period.
COVID-19 pandemic has moderately affected the growth of the global pharmaceutical glass ampoules market. The market experienced a slight decline in the year 2020 due to strict lockdown imposed by several governments to curb the spread of infection.
However, continued demand by the pharmaceutical industry during the Covid-19 vaccine development processes and other life-saving drugs resumed the manufacturing of the glass ampoules. Further, the demand is expected to remain high over the forecast period.
The global pharmaceutical glass ampoules market is classified based on capacity, product, and region.
Based on the capacity, the global pharmaceutical glass ampoules market is fragmented into above 8ml, 6ml to 8ml, 3ml to 5ml, and up to 2ml.
Based on the product, the global market is divided into closed funnel, open funnel, straight stem, and others.
Report Attributes | Report Details |
---|---|
Report Name | Pharmaceutical Glass Ampoules Market |
Market Size in 2023 | USD 14.54 Billion |
Market Forecast in 2032 | USD 27.18 Billion |
Growth Rate | CAGR of 7.2% |
Number of Pages | 209 |
Key Companies Covered | Stevanato Group S.p.A., Zhengchuan Pharmaceutical Packaging Co., Ltd., Pharma-Glas GmbH, Shandong Pharmaceutical Glass Co. Ltd., Nipro PharmaPackaging International, Crestani S.R.L., Piramida d.o.o., Gerresheimer AG, Tvornica Farmaceutske Ambalaže D.O.O., and SCHOTT AG |
Segments Covered | By capacity, By product and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global pharmaceutical glass ampoules market in Asia Pacific is expected to remain high over the forecast period. Major drug-producing countries in the region such as China and India are expected to drive the growth of the market in the Asia Pacific region. On the other side, North America is estimated to hold a significant share in the global pharmaceutical glass ampoules market over the forecast period.
A large number of biopharmaceutical companies in the region are expected to play a major role in the growth of the market in North America. Europe is also anticipated to contribute a significant share of the market in terms of revenue. Factors such as growing research activities on biological drugs are estimated to play a major role in the growth of the market in this region.
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Some of the major players in the global pharmaceutical glass ampoules are:
Based on the product
Based on the capacity
FrequentlyAsked Questions
The global pharmaceutical glass ampoules market is anticipated to witness healthy growth over the forecast period. Key factors that are contributing to the growth of the market include growing demand for inert material for drug packaging especially for sterile formulations, rapidly expanding pharmaceutical industry and a large number of borosilicate glass vials manufacturers across the world. Furthermore, with the growing demand for durable and eco-friendly drug packaging solutions, demand for glass ampoules is expected to increase in pharmaceutical files over the forecast period.
Some of the major players in the global pharmaceutical glass ampoules are Stevanato Group S.p.A., Zhengchuan Pharmaceutical Packaging Co., Ltd., Pharma-Glas GmbH, Shandong Pharmaceutical Glass Co. Ltd., Nipro PharmaPackaging International, Crestani S.R.L., Piramida d.o.o., Gerresheimer AG, Tvornica Farmaceutske Ambalaže D.O.O., and SCHOTT AG.
The global pharmaceutical glass ampoules market in Asia Pacific is expected to remain high over the forecast period. Major drug-producing countries in the region such as China and India are expected to drive the growth of the market in the Asia Pacific region.
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