The global vials and ampoules market size is expected to be worth around US$ 18.5 billion by 2030, according to a new report by Vision Research Reports.
The global vials and ampoules market size was valued at US$ 8.0 billion in 2020 and is anticipated to grow at a CAGR of 12.5% during forecast period 2021 to 2030.
|Market Size||USD 18.5 billion by 2030|
|Growth Rate||CAGR of 12.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Material, End-use, Product, Size|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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|
The market is predominantly driven by the rapid growth in the pharmaceutical industry mainly in emerging markets such as India and China. In addition, the COVID-19 pandemic has created a huge demand for vials and ampoules globally.
The market growth is expected to be driven by the increasing consumption of biologics, insulin, and vaccine globally. Moreover, the rise in demand for parenteral packaging due to the increasing prevalence of chronic diseases such as diabetes, high blood pressure, and the growing geriatric population is further propelling the market growth.
By Material Analysis
The glass segment dominated the market and accounted for the greatest revenue share of 78.5% in 2020. Glass is the most extensively used material for the manufacturing of vials and ampoules. Glass is extensively used for parenteral packaging owing to its properties such as being inert and reusable.
The plastic segment to witness a CAGR of 12.8% over the forecast period. The plastic segment is expected to gain high momentum during the upcoming years owing to its durability, lightweight, and low cost compared to glass.
By Product Analysis
The ampoules segment led the market and dominated for the greatest revenue share of 77.1% in 2020. The ampoule is used to contain various types of injectable medicines or vaccines in the pharmaceutical industry. The increasing prevalence of chronic diseases and the outbreak of the COVID-19 pandemic have increased the demand for ampoules.
The vials segment is likely to witness a CAGR of 11.4% over the forecast period. The outbreak of coronavirus has increased the demand for vials in the pharmaceutical sector. A large population has been infected with the coronavirus globally.
By Size Analysis
The small size segment led the market and held for the greatest revenue share of 70.2% in 2020. Small size includes vials and ampoules range between 0.5 ml to 10 ml. Small size vials and ampoules are majorly used in the pharmaceutical sector for manufacturing vaccines.
The large-sized product segment is likely to witness a CAGR of 10.6% over the forecast period. The large segment includes vials and ampoules whose size is above 10 ml. Large vials and ampoules are used in cosmetics, personal care, and the food industry.
By End-use Analysis
The pharmaceutical segment led the market and held for the highest revenue share of 82.9% in 2020. Pharmaceutical is the major end-use industry for vials and ampoules. Also, vials and ampoules are the largest categories of pharmaceutical and parenteral packaging in the world.
Personal care and cosmetics is the second major end-use industry for vials and ampoules. Vials and ampoules are used to store various types of chemicals used in the cosmetics and personal care industry.
The food and beverage segment is likely to witness a CAGR of 13.8% over the forecast period. The growing demand for catalysts, enzymes, and food essence in the bakeries and confectionaries is expected to drive the vials and ampoules demand in the food and beverage industry.
The chemical segment is expected to grow steadily during the forecast period. Vials and ampoules are used to store various types of chemicals in the chemical industries.
By Regional Analysis
Asia Pacific dominated the market and held for the largest revenue share of 37.3% in 2020, on account of several factors, including the growing food pharmaceutical industry coupled with increasing government initiatives and support for the development of the healthcare and pharmaceutical industry in the region.
In North America, the market is projected to witness a CAGR of9.3% over the forecast period. This is due to the presence of a large number of pharmaceutical manufacturers in the U.S. In addition, the U.S. is the world’s largest pharmaceutical market and accounted for more than one-third of the global market share. These factors are responsible for the regional market growth.
Nuova Ompi SRL (Stevanato Group)
APL Solutions Pvt. Ltd
Pacific Vials Manufacturing Inc.
Food & Beverage
Personal Care & Cosmetics
Central & South America
Middle East & Africa
The Vials And 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 Vials And Ampoules market for the base year 2020 and the forecast between 2021 and 2030. 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 Vials And Ampoules market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Vials And 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 Vials And 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 Vials And 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 Vials And 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 Vials And Ampoules market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. 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 Vials And Ampoules market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Vials And 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.
Overall, this is an in-depth research report specifically for the Vials And 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.
Vials And 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 Vials And 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 Vials And 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 Vials And Ampoules market. These factors have benefited the growth of the global market for Vials And 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 Vials And 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 Vials And Ampoules are as follows:
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
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.
The study objectives of this report are:
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