PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1443374
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1443374
Plastic Vials and Ampoules Market size was valued at USD 7,900.65d Million in 2023, expanding at a CAGR of 9.2% from 2024 to 2032.
Plastic vials and ampoules, constructed from plastic product types, are commonly utilized for the packaging and storage of pharmaceuticals, chemicals, and other sensitive substances. These containers present benefits such as being lightweight, durable, and resistant to breakage, offering a secure and convenient solution for storing and transporting various substances.
Plastic Vials and Ampoules Market- Market Dynamics
Increasing global consumption of biologics, insulin, and vaccines to propel market demand
The plastic vials and ampoules market is driven by the increasing global consumption of biologics, insulin, and vaccines. Additionally, the growing demand for parenteral packaging, propelled by the rising prevalence of chronic diseases like diabetes and high blood pressure, along with the expanding geriatric population, further stimulates market growth. While vials and ampoules are predominantly used in the pharmaceutical industry, their sizes extend to the cosmetics and food sectors. Stringent regulations in the food industry contribute significantly to the growth of vials and ampoules in the food and beverage sector. Chromatography vials and HPLC vials are increasingly employed in the food industry for testing food and beverage samples. Vials and ampoules represent the largest categories of parenteral packaging, extensively employed for filling and storing various medicines and drugs in the pharmaceutical sector. These products serve as effective storage solutions for chemically unstable substances, preventing contamination and ensuring the longevity of stored medicines and products.
Plastic Vials and Ampoules Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 9.2% over the forecast period (2024-2032)
Based on product segmentation, ampoules was predicted to show maximum market share in the year 2023
Based on size segmentation, small was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Plastic Vials and Ampoules Market is segmented on the basis of Product type, Size, End User, and Region.
The market is divided into two categories based on product type: vials and ampoules. The ampoules segment leads the market, securing the largest revenue share in 2023. Ampoules are utilized for containing injectable medicines or vaccines in the pharmaceutical industry, experiencing heightened demand due to the increased prevalence of chronic diseases and the impact of the COVID-19 pandemic. Manufacturers offer a variety of ampoules, including funnel-type, straight-stem, and closed ampoules. Ampoules ranging from 0.5 ml to 8 ml find extensive use in the pharmaceutical sector.
The market is divided into two categories based on size: small and large. The small-size segment dominates the market, accounting for the largest revenue share in 2023. Encompassing vials and ampoules ranging from 0.5 ml to 10 ml, these smaller containers are prominently used in the pharmaceutical sector for vaccine manufacturing. The outbreak of the coronavirus has further boosted the demand for small-sized vials and ampoules.
Plastic Vials and Ampoules Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The market exhibits high competitiveness due to the presence of global, regional, and local manufacturers. These manufacturers offer a diverse range of vials and ampoules made from product types such as glass, COP, and COC, available in various sizes from 0.5 ml to 100 ml. Key players in the market, including Schott AG, Gerresheimer AG, and SGD SA, engage in intense competition based on parameters such as quality, product offerings, production capacity, innovation, corporate reputation, and pricing. To fortify their market position and garner higher market share, players employ strategies such as innovation, expansion of distribution networks, joint ventures, mergers, and acquisitions.
In December 2022, Auburn's SiO2 initiated the production of high-tech COVID-19 vaccine vials.
GLOBAL PLASTIC VIALS AND AMPOULES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Schott AG
Gerresheimer AG
SGD SA
Nuova Ompi SRL (Stevanato Group)
NIPRO Corporation
Piramida d.o.o.
APL Solutions Pvt. Ltd
Crestani srl
Pacific Vials Manufacturing Inc.
Borosil
Others