Pharmaceutical Glass Ampoules Market Drivers is Responsible to for Increasing Market Share, Forecast 2027

Pharmaceutical Packaging Companies Focus on Durable and Eco-friendly Glass Ampoules

Pharmaceutical packaging processes have witnessed innovations in the past decade. Companies engaged in pharmaceutical packaging are increasingly focusing on minimizing errors to ensure that correct and defect-free medicine reaches consumers. Pharmaceutical glass ampoules are extensively used in pharmaceutical and chemical laboratories to preserve and store medicinal fluids, capsules, and liquids that are deployed in a range of pharmaceutical applications. Pharmaceutical glass ampoules are predominantly used to prevent contamination and mix of medicines, and have influenced the shelf life of products.

Pharmaceutical glass ampoules find a range of applications in pharmaceuticals, diagnostics, retail industry, spa items, first aid, cosmetics, dental, toiletries, store hygroscopic materials, and air-sensitive reagents. Pharmaceutical glass ampoules have been widely used to package injectable drugs for several decades and the trend is set to continue during the forecast period (2019-2027). Thus, the pharmaceutical glass ampoules market is expected to reach a value of ~US$ 4 Bn by the end of 2027. The demand for pharmaceutical glass ampoules is witnessing a notable growth in developing regions such as Latin America, Asia Pacific, and Eastern Europe. The growing adoption of pharmaceutical glass ampoules in these regions coupled with the efforts to achieve higher yields are some of the leading factors that are expected to drive the global pharmaceutical glass ampoules market during the forecast period.

Get Sample Copy:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=74806

Pharmaceutical Glass Ampoules – Safe, Cost-effective, and Efficient Packaging Solutions

Glass has garnered the reputation of being a ‘gold standard’ primary packaging material within the pharmaceutical sector. A significant high volume of pharmaceutical formulations is packaged and stored in pharmaceutical glass ampoules. The pharmaceutical glass ampoules market is witnessing significant growth, as the inorganic nature of glass makes it highly resistant to chemicals and reactive substances. Glass ampoules play an imperative role in protecting the integrity of the drug and prevent it from contamination. Furthermore, as glass ampoules are available in a range of shapes and sizes, their applications continue to expand. At present, several players operating in the glass pharmaceutical glass ampoules market are manufacturing customized glass ampoules to cater to the swelling demand from various end-use industries.

Grab an exclusive PDF Brochure of this report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=74806

In terms of product, straight stem and open funnel glass ampoules are expected to witness an increase in demand during the forecast period. With just over 10,098 million units sold worldwide, the straight stem product segment accounted for a share of ~33% of the pharmaceutical glass ampoule market in 2018, in terms of volume. This segment is projected to account for a share of ~36% of the pharmaceutical glass ampoule market in 2027, as manufacturers are deploying advanced technologies and cutting-edge manufacturing processes to enhance their production capacities and improve product quality. For instance, several companies operating in the pharmaceutical glass ampoules market are increasing their manufacturing capabilities by launching high-speed filling lines to improve the functionalities of glass ampoules. Several other participants in the current pharmaceutical glass ampoule market are developing glass ampoules with highly stable dimensional qualities by leveraging the progress in the new filling line technology.

Read TMR Research Methodology @:

https://www.transparencymarketresearch.com/methodology.html

Growing Adoption of Ampoules in the Cosmetic Industry

Pharmaceutical glass ampoules have witnessed an increase in demand from the cosmetic industry, particularly in the Asia Pacific. Glass ampoules have gained significant popularity among cosmeceutical users in various countries, including South Korea and China. Additionally, as per the current observable trends, more number of cosmetic brands are inclined toward packaging their serums and products in glass ampoules. The shift from using conventional glass bottles to glass ampoules has been primarily triggered by the exceptional capabilities of glass ampoules to retain the potency of these liquids.

Glass ampoules are increasingly being used in the cosmetic industry, as they are can store and preserve stronger concentrations of ingredients. Another factor that is likely to propel the demand for pharmaceutical glass ampoules is unique medicinal-style packaging offered by these products, which ensure minimal wastage. Several cosmetic companies are gradually aligning their packaging strategies and increasingly inclining toward using pharmaceutical glass ampoules to enhance their packaging capabilities.

Request For Customization:

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=74806

Pharmaceutical Glass Ampoules Market: Introduction

According to Transparency Market Research’s latest report on the global pharmaceutical glass ampoules market for the historical period of 2014-2018 and forecast period of 2019-2027, the pharmaceutical glass ampoules market is anticipated to be driven by availability of compact and cost-effective pharmaceutical products. The global pharmaceutical glass ampoules market was valued at ~US$ 2 Bn in 2018, and is expected to expand at a CAGR of 7.5% during the forecast period. Increasing consumption of medicines, vaccines, and insulin is also driving the pharmaceutical glass ampoules market. Moreover, safe and bacteria-free drug storage system is leading to high adoption of glass ampoules.

Key Players Focus on Reducing the Counterfeiting of Pharmaceutical Products 

  • Counterfeiting of drugs is one of the major problems faced in the pharmaceuticals industry. This results in economic loss of legal companies and poor health of drug consumers. Nearly one-sixth of the total turnovers of branded companies is affected by instances of counterfeiting. These drugs are either adulterated or spurious. For instance, Schott AG developed anti-counterfeit pharmaceutical glass ampoule called ampoules AC. This helps in protecting intellectual property and ensuring patients’ safety by enriching standard ink with light emitting particles. These ampoules are available in B, C, and D forms, with capacities ranging from 1 ml to 30 ml.
  • Glass ampoules are available in various formats such as straight stem, open funnel, closed funnel, double tip, and marzocchi. These ampoules are applicable for single-time storage and usage of medicines. Pharmaceutical glass ampoules are tamper-proof, which helps in preventing the possibilities of viral and bacterial infections.

China and India to Witness Penetration with High Production Capabilities

  • TMR team analysed top five leading countries (the U.S., China, Germany, the U.K., and India) in the global pharmaceutical glass ampoules market report, which generated prominent market share of countries in 2018. It is anticipated that the U.S. is the leading market for glass ampoules.
  • In order to cater to the increasing demand for glass ampoules as a primary packaging solution, the U.S. imported nearly 2,000 tons of glass ampoules in 2018.
  • Key players are emphasizing on business development, owing to the growth of the pharmaceuticals industry in the Asia Pacific region. Furthermore, availability of resources and cost-effectiveness in manufacturing glass ampoules provide opportunities for key players to invest in the Asia Pacific region.
  • In August 2018, Gerresheimer AG initiated a plant in China and two plants in India for the manufacturing of premium quality glass containers for the pharmaceuticals industry
  • In June 2019, SCHOTT AG increased the production capacity of glass tubes in India, with an investment of nearly US$ 300 Mn

Increase in Investments by Major Players for Acquisition and Business Expansion

  • Manufacturers are adopting the strategy of mergers & acquisitions to increase their global footprint. Moreover, companies are focusing on increasing their customer base by developing their distribution network and increasing their geographical presence. Several key players are manufacturing pharmaceutical glass ampoules as per the Food and Drug Association (FDA), European Pharmacopeia (Ph Eur), United States Pharmacopeial Convention (USP), and Japanese Pharmacopoeia (JP) guidelines.
  • Nipro PharmaPackaging International is planning to expand its business in China. Based on Healthy China 2030 activities, the healthcare industry in China is expected to grow.

Pharmaceutical Glass Ampoules Market – Key Findings

  • Among products, open funnel glass ampoules remain prominent in the pharmaceutical glass ampoules market. The open funnel segment is estimated to account for a market share of ~31% in 2019. However, straight stem segment is expected to hold a significant share of the market during the forecast period, as per TMR analysis.
  • Due to increase in demand for small-sized glass ampoules, the demand for glass ampoules of 2 ml is expected to increase two-fold over the next five years

Availability of Prefilled Syringes and Glass Vials to Limit Demand for Pharmaceutical Glass Ampoules 

  • Production of pharmaceutical glass ampoules is increasing, owing to the demand for single-use primary drug packaging from end users. However, availability of certain alternative packaging solutions, such as pre-filled syringes and glass vials, is projected to hamper market growth.

Pharmaceutical Glass Ampoules Market – Competition Landscape

In the global pharmaceutical glass ampoules market, competition among key players is high. Therefore, key players are planning to expand their geographical footprint into untapped countries and enhance their and product portfolio. TMR analysis includes more than 40 company profiles for better understanding of the market for pharmaceutical glass ampoules.

  • Some of the key players operating in the global pharmaceutical glass ampoules market are
    • Gerresheimer AG
    • Nipro PharmaPackaging International
    • Pharma-Glas GmbH
    • Piramida d.o.o.
    • SCHOTT AG
    • SGD S.A.
    • Shandong Pharmaceutical Glass Co. Ltd.
    • SM PACK SpA
    • Stevanato Group S.p.A.
    • Tecnoglas, S.A
    • Tvornica Farmaceutske Ambalaže D.O.O.
    • Crestani S.R.L.
    • Birgi Mefar Group
    • AAPL Solutions
    • Zhengchuan Pharmaceutical Packaging Co., Ltd.,
  • Gerresheimer AG and Nipro PharmaPackaging International have been identified as Tier 1 players. In 2018, these companies held a cumulative market share of ~30%. Tier 2 players include SCHOTT AG and Stevanato Group S.p.A.
  • Due to the presence of small- and medium-sized manufacturers, the intensity of competition is likely to be high in the global pharmaceutical glass ampoules market 

Read Our Latest Press Release:

https://www.prnewswire.com/news-releases/covid-19-vaccine-storage-to-increase-growth-rate-of-pharmaceutical-glass-ampoules-market-between-2019-and-2027-tmr-301222233.html

https://www.prnewswire.com/news-releases/integration-of-smart-features-stirs-growth-in-camera-bag-market-tmr-301221354.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com