The North America ampoules packaging market size is projected to expand at a significant CAGR of 8.7% during the forecast period, 2021–2028. The growth of the market is attributed to the rapid growth in pharmaceutical industry in the region which is driving the demand and increasing expenditure in medical sector.
Ampoules are a long-established way of primary packaging for pharmaceutical drugs. An ampoule is a hermetically sealed small bulbous capsule that is used to hold a sterile solution for hypodermic injection or a powdered drug that needs to be used to make a solution. There are also straight stem and funnel-type ampoules which are open, but they must be thoroughly sterilized before usage. Ampoules are usually of glass, but plastic ampoules are also available, the glass ones need to be disposed of properly.
Glass ampoules are costlier than bottles or other basic containers. Ampoules were invented around the same time when injections were newly developed. Ampoules are similar to vials, but the major difference is that ampoules are of one-time use, once the seal is broken to have access to the stored pharmacy drug or any other liquid or solid, it must be thrown away, while vials can be used multiple times. Ampoules are used to store those types of drugs that need to be protected from air and contaminants.
Ampoules generally have colored rings around their necks that are there to help one recognize the substance inside the ampoule. These colored rings are machine-readable, and these allow for accurate handling of the substance for the intent of storage, secondary packaging, and labeling. During the manufacturing process, color coding of modern ampoules is done.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid growth of pharmaceutical industry owing to increasing demand of drugs and vaccines is projected to spur the market growth in the coming years.
- Various government initiatives pushing towards adoption of tamper-proof packaging solutions for pharmaceutical industry and increasing expenditure in medical sector are major factors driving the market expansion during the forecast period.
- High cost of production and procurement of raw materials in manufacturing the ampoule packaging is anticipated to hinder the market growth in the coming years.
- Lack of skilled labors and stringent government regulations present as major challenges that can restrict the market expansion during the forecast period.
- R&D investment, technological advancement, rise in safety regulations in medical packaging industry, and lucrative ROI are expected to create significant opportunities for market players.
Scope of the Report
The report on the North America ampoules packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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North America Ampoules Packaging Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Material Types (Glass and Plastic), Applications (Pharmaceuticals, Personal Care, Chemical, and Others)
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Geographic Zone
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USA and Canada
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sandfire Scientific Ltd, Stevanato Group, Syntegon Technology GmbH, J. Penner Corporation, James Alexander Corporation
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Market Segment Insights
Plastic segment is projected to register high CAGR
Based on material type, the North America ampoules packaging market is bifurcated into glass and plastic. Plastic segment is projected to grow at a substantial CAGR during the forecast period, owing to increasing demand in pharmaceutical industry attributed to its high dimensional stability, resistance to strain, high impact strength, low water absorption, resistance to heat and flame, transparency, and better barrier against moisture.
Pharmaceutical segment is anticipated to account for major market share
Based on applications, the North America ampoules packaging market is segmented into pharmaceuticals, personal care, chemical, and others. Pharmaceutical segment is anticipated to dominate the market during the forecast period, owing to the increasing manufacturing and research activities. There has been rise in demand for drugs and vaccines in the recent years due to growing number of diseases and viral infections which is expected to drive the market expansion at a steady rate in the coming years.
USA is expected to dominate the market
On the basis of geographic zones, the North America ampoules packaging market is categorized into USA and Canada. USA is expected to dominate the market with a considerable CAGR during the forecast period, owing to dominance of several end-user industries in the country, such as the pharmaceutical, chemical, and personal care sectors. Government has introduced various regulations for safe and green adoption of packaging in the pharmaceutical sector which is expected to push the market expansion in the coming years. Consumers in USA place a greater importance of sustainable and eco-friendly packaging solutions which has driven the glass ampoules packaging in the country.
Segments
Segments Covered in the Report
Material Types
Applications
- Pharmaceuticals
- Personal Care
- Chemical
- Others
Country
Key Payers
- Sandfire Scientific Ltd
- Stevanato Group
- Syntegon Technology GmbH
- J. Penner Corporation
- James Alexander Corporation
Competitive Landscape
Key players competing in the North America ampoules packaging market include Sandfire Scientific Ltd, Stevanato Group, Syntegon Technology GmbH, J. Penner Corporation, James Alexander Corporation. Some of these players are adopting several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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