Vials And Ampoules Industry Overview
The global vials and ampoules market size was estimated at USD 6.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028.
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.
Gather more insights about the market drivers, restrains and growth of the Global Vials And Ampoules Market
In 2020, the demand for vials and ampoules has increased multi-folds due to the outbreak of the COVID-19 pandemic. The increasing demand for the COVID-19 vaccines is the major factor for the vials and ampoules growth in recent times. A large number of pharmaceutical and parenteral packaging manufacturers have increased their production capacity to a large extent. Manufacturers are utilizing their full production capacity and manufacturing millions of vials and ampoules in a month.
Vials and ampoules are used majorly in the pharmaceutical industry. However, these products are also finding applications in the cosmetics and food industry. Increasing regulations in the food industry are one of the major factors for the growth of vials and ampoules in the food and beverage industry. Chromatography vials, HPLC vials are increasingly being utilized in the food industry for testing the food and beverage samples.
Vials and ampoules are the largest categories of parenteral packaging. They are extensively used to fill and store various types of medicines and drugs in the pharmaceutical industry. These products can be used to store chemically unstable products and various types of drugs and chemicals. They help in preventing contamination of medicines and other products stored in them. Vials can be used to store drugs and medicines or any sample for a longer period.
Vials and ampoules are of different types, shapes, and sizes. Glass vials and ampoule are extensively used and are popular in the pharmaceutical industry. Plastic vials are gaining high importance in recent times owing to their durability and lightweight. However, their usage is limited, plastic vials and ampoules cannot contain highly unstable compounds. Eye drops, nasal sprays, among others are some products that are offered in plastic vials.
Browse through Grand View Research's Plastics, Polymers Resins Industry Research Reports.
- Plastic Market - The global plastic market size was valued at USD 593.00 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. The increasing plastic consumption in the construction, automotive, and electrical electronics industries is projected to support market growth during the forecast period.
- Vaccine Market - The global Vaccine Market was valued at over USD 32.5 billion in 2015 and is expected to grow at a CAGR of 10.3% over the forecast period. The rising demand for better healthcare infrastructure and high awareness levels of the benefits of immunization are the major factors boosting the market growth.
Vials And Ampoules Market Segmentation
Grand View Research has segmented the global vials and ampoules market on the basis of material, end-use industry, product, size, and region
Vials And Ampoules Material Outlook (Revenue, USD Million, 2017 - 2028)
- Glass
- Plastic
Vials And Ampoules End-use Industry Outlook (Revenue, USD Million, 2017 - 2028)
- Food Beverage
- Pharmaceutical
- Chemical
- Personal Care Cosmetics
Vials And Ampoules Product Outlook (Revenue, USD Million, 2017 - 2028)
- Vials
- Ampoules
Vials And Ampoules Size Outlook (Revenue, USD Million, 2017 - 2028)
- Small
- Large
Vials And Ampoules Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
Key Companies profiled:
Some prominent players in the global vials and ampoules market include
- 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
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