This market research report presents a detailed segmentation of the global ampoules packaging market by materials (glass and plastic) and by geography (APAC, Europe, North America, and ROW). The leading vendors in this market are Gerresheimer, J. Penner, James Alexander, Nipro, and Schott.
Technavio has released a new market research report on the global ampoules packaging market, which is expected to grow at a CAGR of 9% between 2016 and 2020. Ampoules are the most prevalent healthcare packaging solutions owing to the use of protective and durable materials. Increased use of disposable products in the medical sector has led to the growing demand for ampoules as most of the ampoules are available in a unit dose. Of late, the market is witnessing increased adoption of plastic materials over the glass to make ampoules due to glass breakage and delamination. North America dominates the global ampoules packaging market owing to the increased occurrences of diseases and preservation of the solutions in the container.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the key trends gaining traction in this market is the emergence of sustainable materials. Since ampoules made of conventional plastics do not decompose easily, many vendors have started adopting sustainable materials to reduce the dependency on conventional plastics and adopt eco-friendly practices. The emergence of green plastics or biodegradable plastics will fuel the prospects for market growth as they contain additives, which can be easily biodegraded by microorganisms and produce less toxic gasses compared to conventional plastics,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The glass packaging material segment leads the global ampoules packaging market and is expecetd to generate revenues of close to USD 4 billion by the end of the forecast period. Glass has been the primary packaging material for ampoules due to its ability to withstand heat and resistance. Benefits like its capability to offer high transparency and maintain its dimensional stability at elevated temperatures will lead to its augmented adoption during the predicted period.
The leading vendors in the global ampoules packaging market include Gerresheimer, J. Penner, James Alexander, Nipro, and Schott. This market is very competitive and is characterized by the presence of diverse multinational and regional vendors. The competitive environment is expected to intensify in the future due to increasing product extensions and various technological innovations. The major vendors in this market are expanding their packaging facilities to meet the market demand.
A more detailed analysis is available in the Technavio report, Global Ampoules Packaging Market 2016-2020.
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