Market Trends of Ampoules Packaging Industry
This section covers the major market trends shaping the Ampoules Packaging Market according to our research experts:
Plastic Ampoules Packaging to Hold a Significant Share
- Demand for plastic ampoules is witnessing significant growth from the pharmaceutical industry, Features that led to increased pharmaceutical adoption are barrier against moisture, high dimensional stability, high impact strength, resistance to strain, low water absorption, transparency, resistance to heat and flame, and extension of expiry dates. Moreover, the high demand for low-cost packaging is another significant driver to the same.
- Glass containers are characteristically fragile and have been found to cause concerns involving the drug and container interaction. These storage limitations have led to the growing interest in plastic ampoules that can be effectively filled, shipped, stored, and administered safely while following strict regulatory standards.
- With an increase in liquid dosage forms, the need for plastic packaging is on the rise. These are often the preferred choice for premium products that require extreme protection from foreign particle interference.
- Liquid/semisolid drug dosages are widely used for children for different medication needs. Children need smaller doses due to difficulty in swallowing tablets or capsules. Over the last few years, there has been increasing pressure to ensure that drugs are available in the form which is suitable for administration to children.
- On the other hand, unit dose parenteral packaging as a choice for consumers over multi-dose packaging has been increasing. Plastic ampoules offer fixed dosages that help pharmaceutical companies control costs by reducing drug overfill and inefficiencies in the manufacturing process. Therefore, the use of plastic ampoules is particularly advantageous for companies dealing with costly drugs.
- For instance, in the United States, as per the Food and Drug Administration (FDA) regulations, unit dose plastic ampoules account for almost 24% for pharmaceutical packaging. The segment is expected to generate above-average growth opportunities to ampoule packaging.
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Latin America To Show Significant Growth Over Long Term
- In Latin America, the market growth is impacted, as the countries are proactively working to reduce these counterfeit medicine, vaccines, and drugs from reaching the consumers.
- Brazil, for instance, is among the most prominent pharmaceutical markets in the region, with projections estimating it to emerge as a significant player on the global level. Brazil's pharmaceutical business is now positioned as the sixth in the world and is projected to be in the top five, by end of 2022.
- Similarly, Mexico is globally positioned on 11th rank, on the list of countries in the pharmaceutical market. On the other hand, Argentina is considered the third-largest market in the region. These countries with the promising future of the pharmaceutical industry present a high opportunity for ampoules.
- Moreover, Latin America's geriatric base is increasing rapidly. In 2010, 10% of the region's population was above 60 years, and by the end of 2040, this number is estimated to more than double, reaching 21%, according to Pharmaphorum. With this increasing aging population, chronic diseases are principally driven, because over 80% of adults aged over 60 years have at least one chronic disease.
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