The vials and ampoules market is anticipated to grow at a CAGR of 8% during the forecast period (2022-2028). The growing pharmaceutical sector, rising healthcare costs, and expanding geographical presence of vial and ampoules manufacturers are some of the drivers driving the market's growth.
Furthermore, the rising spending on healthcare in developing
countries, such as India and China, is also contributing to the growth to the
market. For instance, as per the IBEF, India is the largest provider of generic
drugs globally and is known for its affordable vaccines and generic
medications. Indian pharmaceutical sector supplies over 50% of global demand
for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine
in the U.K.
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Thus, as developing nations across the world focuses on offering
world class manufacturing excellence, robust infrastructure,
cost-competitiveness, the market for vials and ampoules is expected to witness
significant growth during the forecast period across end-use industries..
According to UnivDatos Market
Insights (UMI)’ research report “Global Vials and
Ampoules Market”, the market is expected to showcase a growth of
around 8% during the forecast period. The growing end-use industry of emerging countries, increasing focus on
improving building energy efficiency, and rising population coupled with
improving people per capita income are some of the key attributable factors for the growth of the market.
Based on end-use, the market is categorized into
pharmaceutical, food & beverage, chemical, and personal care &
cosmetics. In 2020, pharmaceutical end-use industry accounted for majority
share in the market. Vials and ampoules are can been extensively seen on the shelves
of chemistry-based or pharmaceutical laboratories. Both types of vessels are
essential for the preservation and storage of liquids, pharmaceutical fluids,
capsules, and other similar contents, usually for pharmaceutical uses.
Furthermore, stringent regulations related to storing vaccines and other
pharmaceuticals is further expected to drive the market.
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Based on material, the market is categorized into
glass and plastic. The glass segment dominated the market in 2020. Glass is the
most extensively used material for the manufacturing of vials and ampoules
owing to its properties such as being inert and reusable. Due to its inert
nature, it can store highly corrosive and chemically unstable compounds.
Moreover, glass can store products for the long term compared to plastics. It
is also approved by FDA as GRAS (Generally Recognized As Safe).
Asia-Pacific accounted significant share of the market in
2020
For a better
understanding of the market adoption of vials and ampoules, the market is
analyzed based on its worldwide presence in the countries such as North America
(the United States, Canada, Rest of North America), Europe (Germany, the United
Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan,
India, and Rest of Asia-Pacific), and Rest of World. The large and growing base
of end-use industries of the Asia-Pacific region along with the presence of
international and local manufacturers are two of the key attributable factors
for the growth of the market. Furthermore, growing various government
initiatives and support for the development of the healthcare and
pharmaceutical industry in the region is fueling market growth. According to
India Brand Equity Foundation (IBEF), India is the largest provider of generic
medicines in the world. India stood at 3rd position in terms of pharmaceutical
production by volume. The country supply more than 50% of the global demand for
various vaccines, 25% of all medicines in the U.K., and 40% generic medicines
in the U.S.
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According
to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the global Vials and
ampoules market include Schott AG, Gerresheimer AG, SGD
SA, Nuova Ompi SRL (Stevanato Group), NIPRO Corporation, Piramida d.o.o.,
Corning Incorporated, Crestani srl, Pacific Vials Manufacturing Inc., and
Borosil Ltd.
“Global Vials
and ampoules Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of Go to Market Strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1.
By Product (Vials and
Ampoules)
2.
By End-User (Pharmaceutical,
Food & Beverage, Chemical, and Personal Care & Cosmetics)
3.
By Material (Glass and Plastic)
4.
By Region (North America,
Europe, Asia-Pacific, and Rest of World)
5.
By Company (Schott
AG, Gerresheimer AG, SGD SA, Nuova Ompi SRL (Stevanato Group), NIPRO
Corporation, Piramida d.o.o., Corning Incorporated, Crestani srl, Pacific Vials
Manufacturing Inc., and Borosil Ltd.)
Key
questions answered in the study:
1.
What are the current and future trends
of the global vials and ampoules industry?
2.
How the industry has been evolving in terms
of material, product, and end-use?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global vials and ampoules industry?
5.
What are the customer orientation,
purchase behavior, and expectations from the global vials and ampoules suppliers
across various region and countries?
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