Plastic Ampoules Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

Vision Research Reports announced the global plastic ampoules market is expected to grow a CAGR of 8.5% during 2020-2027.

The global plastic ampoules market was valued at US$ 187 Mn in 2019. The report includes a market research study on the global plastic ampoules market, which includes trend analysis and market assessment of manufacturing processes such as blow moulding and injection moulding.

Plastic ampoules are majorly preferred for the packaging of pharmaceutical liquids and chemicals. Low cost and highly secured packaging solutions offered by plastic ampoules have attracted the producers of spa, dental, cosmetics, and veterinary products as well. Many companies are gradually adopting plastic ampoules packaging for their products due to the rise in demand for unit dose parenteral packaging. The thin top of the plastic ampoules is melted with a flame to provide hermetic seal and can be opened by snapping off the neck. By manufacturing process, the plastic ampoules market is segmented as injection moulding and blow moulding. Blow moulding manufacturing process accounts for the highest share and is expected to register a CAGR of 7.6% during the forecast period.

No more than two decades ago, countries such as China and India lagged in medical infrastructure. Low penetration of healthcare services and poor delivery infrastructure in these countries have attracted several investments aimed at improving this infrastructure. Due to this, the Chinese government has heavily invested in the construction of hospitals, clinics, and centers. Similarly, India has schemes in place, which are aimed at investing on upgradation of existing hospitals and construction of new ones, with modern pharmaceutical packaging and facilities. The same has led to an increasing demand for safe and efficient packaging solutions for the pharmaceutical products in the country.

Moreover, the plastic ampoules manufacturers in the emerging economies are in a tight race with the plastic ampoules manufacturers in the developed regions, and are anticipated to witness significant expansion in the pharmaceutical packaging market, with a healthy CAGR. The demand for plastic ampoules is expected to increase in the emerging countries such as India, China, and Korea due to the popularity of unit dose parenteral packaging and the secure seal provided by plastic ampoules. Plastic ampoules and vials are expected to gain traction among all pharmaceutical packaging segments. The Europe plastic ampoules market is estimated to register a CAGR of 7.3% during the forecast period. There has been high demand for unit dose packaging due to its high functionality and safer handling.

Plastic ampoules ensure delivery of precise doses. This particularly helps patients who tend to prefer self administration and lack any formal medical training. Unlike glass ampoules, plastic ampoules are relatively less expensive to manufacture. Additionally, health care workers benefit from plastic ampoules that offer accurate and pre-measured doses. They also benefit by the reduced dosing and medication errors, as well as decreased microbial contamination risk of the plastic ampoules. Plastic ampoules can be stored and transported easily, which can be attributed to their manufacturing and formulation. Crack resistance nature of plastic ampoules ensures safe and spill-proof transit of medicines.

The pharmaceutical industry in Asia has been rapidly upgrading due to industrialization and urbanization. This has attracted many manufacturers and brand owners to establish their market in the emerging countries of Asia such as India, Malaysia, and China. Companies from countries such as China, India, and Japan, are growing in key pharmaceutical sectors. The China plastic ampoules market is expected to witness significant growth during the forecast period, owing to the increase in demand for unit dose parenteral packaging and is expected to register a CAGR of 9.3% during the forecast period.

China has been the largest market for the pharmaceutical industry from the past 5-7 years and accounts for almost 43% of the global pharmaceutical market. Major plastic ampoules manufacturers and brand owners are looking forward to moving their manufacturing sites to emerging locations such as India, China, Malaysia, Mexico etc. due to the availability of raw materials and labor. Pharmaceutical companies in Asia are engaged in providing drugs in plastic ampoules due to the rise in demand for unit dose parenteral packaging. The existing plastic ampoules manufacturers are principally focussing on increasing efficiency.

Plastic ampoules are hermitically sealed and offer significant protection to the content. The Asia Pacific plastic ampoules market signifies the highest CAGR in terms of value. The Asia Pacific plastic ampoules market is estimated to register a CAGR of 9.6% over the forecast period.

Ease of Administration and Increased Patient Compliance

Use of plastic ampoules eliminates the need for tearing and cutting the top of the package in order to dispense the dose. This makes it easier for the user to dispense the content in a controlled manner. Increase in geriatric population suffering from several chronic diseases and lower cost of plastic ampoules are the prime factors driving the demand for plastic ampoules. These factors are anticipated to boost injectable drug delivery systems which are user-friendly as they can be used easily at home or near the patient.

Reduced Drug Overfill in Plastic Ampoules

Plastic ampoules are an apt choice for many pharmaceutical companies as these offer fixed dosages which help pharmaceutical companies to control costs by reducing drug overfill. Single dose or multi-dose plastic ampoules offer correct filling dose and to compensate for human errors. The use of plastic ampoules eliminates drug overfill and reduces inefficiency in the manufacturing process. As plastic ampoules are single use, they highly reduce the losses incurred due to overfilling. Hence, the use of plastic ampoules is particularly advantageous for companies dealing with costly drugs. 

The Pharmaceutical Industry to Witness Growth during the Forecast Period

On the basis of end use, the pharmaceutical segment is expected to witness lucrative growth and is to be valued at US$ 111.1 Mn by 2019. End-use industries are progressively opting for plastic ampoules solutions such as cosmetics, chemicals, and veterinary. Therefore, the share of the pharmaceutical segment is expected to rise through 2027. Plastic, among the material types, is expected to continue its dominance throughout the forecast period wherein plastic ampoules are preferred in order to maintain drug hygiene. The preference for plastic ampoules can also be attributed to the low cost as compared to their counterparts.

On the basis of geography, China is expected to be the most attractive market followed by the US and Germany in the plastic ampoules market. The US and Germany plastic ampoules markets, being comparatively mature markets are expected to show slow growth.

Key companies functioning in the global plastic ampoules market are, Sanner GmbH, James Alaxander Corporation, LF of America Corporation, Bisio Progetti Spa, Shenzhen Bona Pharma Technology Co. Ltd, Pin Mao Plastic Industry Co. Ltd., Lameplast Group SpA, Catalent, Inc., Discos SRL, and Punto Pack SRL.

Market Segmentation

By Capacity

• Up to 2 ml
• 3ml to 5ml
• 6ml to 8ml
• Above 8 ml

By Manufacturing Process

• Injection Molding
• Blow Molding Processes

By Ampoule Design

• Straight Stem
• Open Funnel
• Closed Funnel
• Others

By End-User

• Pharmaceuticals
• Chemicals
• Veterinary
• Spa Products
• Dental
• Cosmetics

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Report Scope

The Plastic ampoules market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Plastic ampoules market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Plastic ampoules market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Plastic ampoules market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Plastic ampoules market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Plastic ampoules capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Plastic ampoules by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Plastic ampoules market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Plastic ampoules market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Plastic ampoules market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.

We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.

Overall, this is an in-depth research report specifically for the Plastic ampoules industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Plastic ampoules market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Plastic ampoules market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Plastic ampoules market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Plastic ampoules market. These factors have benefited the growth of the global market for Plastic ampoules. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Plastic ampoules. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Plastic ampoules are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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