Pharmaceutical Glass Ampoules Market – worldwide statistics & facts 2021 – 2027

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Pharmaceutical Glass Ampoules Market – worldwide statistics & facts 2021 – 2027

June 24
18:38 2021
Pharmaceutical Glass Ampoules Market - worldwide statistics & facts 2021 - 2027

Pharmaceutical Glass Ampoules Market
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

Pharmaceutical Glass Ampoules Market: Overview

The report includes pharmaceutical glass ampoules analysis based on various forms and capacities for storing liquid medicines. TMR analyzed that the market share of open funnel glass ampoules is high as compared to other glass ampoules. Additionally, TMR estimated that the demand for glass ampoules of up to 2ml is expected to increase significantly during 2019-2027. Pharmaceutical glass ampoules are traditional primary packaging solutions for storage and drugs packaging. This form of packaging ensures single use of drugs for maintaining safety and hygiene of consumers.

High Consumption and Lucrative Opportunities in Asia Pacific

Increasing awareness about hygiene and health concerns is propelling the demand for pharmaceutical glass ampoules. Europe is the leading market for glass ampoules, followed by North America. However, rapidly expanding pharmaceutical sector in the Asia Pacific region offers lucrative opportunities for manufacturers. Key players are focusing on business expansion in emerging and developing countries such as India and China by establishing new production units of pharmaceutical glass ampoules.

In 2018, Gerresheimer AG established three specialist glassworks, one in China and other two in India for the manufacturing of premium quality glass containers for the pharmaceuticals industry of Asia

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Innovation and Capacity Expansion – Key Market Trends

Glass ampoules are used to store medicines; therefore, it is necessary to maintain the quality of glass ampoules and enhance the shelf life of stored products. In order to fulfil these features, manufacturers are more inclined toward product development and capacity expansion.

For instance, in 2018, Cang Zhou Four-Star Glass Co., Ltd., a leading manufacturer of glass ampoules, tubes, and vials launched glass ampoules of 40 ml capacity for pharmaceutical primary packaging

In 2018, in order to enhance its pharmaceutical glass tubing business, SCHOTT AG invested US$ 330 Mn. The company has been targeting to increase the production capacity of its manufacturing plant in India.

In 2018, Corning Inc., a manufacturer in material science and a global technology-based company, invested US$ 4 Bn in building new facilities and capacity expansions at Durham, North Carolina, the U.S. This plant is manufacturing Corning Valor® glass for pharmaceutical packaging.

Pharmaceutical Glass Ampoules Market: Competition Landscape

The global market for pharmaceutical glass ampoules is highly competitive and consolidated in nature, with the presence of well-established market participants. Key players operating in the global pharmaceutical glass ampoules market include SGD S.A., Piramida d.o.o., Birgi Mefar Group, Pharma-Glas GmbH, Crestani S.R.L., SM PACK SpA, Crestani S.R.L., Lutz Packaging GmbH, Shandong Pharmaceutical Glass Co. Ltd., Tvornica Farmaceutske Ambalaže D.O.O., Zhengchuan Pharmaceutical Packaging Co., Ltd., and Klasspack Pvt. Ltd. (Borosil).

The competitive analysis also includes study of glass tube manufacturers, such as Corning Inc., Hilgenberg GmbH., and Neubor Glass S.r.l (Bormioli Rocco), among others. Tier 1 players such as Gerresheimer AG and Nipro PharmaPackaging International in the pharmaceutical glass ampoules market have been extensively investing in technology improvements and geographical expansion of their existing manufacturing facilities. Tier 2 players, including SCHOTT AG and Stevanato Group S.p.A., hold 20% share of the global pharmaceutical glass ampoules market.

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.

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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.

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