Market Size of MEA Ampoules Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Ampoules Packaging Market Analysis
The Middle East and Africa Ampoules Packaging Market are expected to register a CAGR of approximately 6.5% during the forecast period (2020-2025).
- The Middle East & Africa region depicts huge potential for the pharmaceutical industry's growth, which poses several opportunities for the ampoules manufacturers in the region. Additionally, the pharmaceutical industry's sustainable growth is also supported by the regional government due to their continued support and investments through long-term plans.
- For instance, the Dubai Industrial Strategy 2030 and the Abu Dhabi vision 2030, view the pharmaceutical industry as one of sub-sectors with major growth , and aims to make significant developments due to its future growth prospects, export potential, and mid-term to long-term economic impact.
- Further, the introduction of stringent laws to enhance the quality and integrity of domestically manufactured drugs is primarily leading to an increase in the usage of glass as a material for pharmaceutical packaging products.
- COVID-19 is expected to increase the market demand due to increasing focus on healthcare and growing research regarding coronavirus vaccine.
