Market Size of NA Ampoules Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Ampoules Packaging Market Analysis
The North America Ampoules Packaging Market is expected to register a CAGR of approximately 9% during the forecast period (2020 - 2025).
- The growth in demand for ampoules packaging in the North American region is expected to grow, as the pharmaceutical industry in the region is growing significantly, in terms of innovation and competitiveness, despite its mature status as compared to the other regions.
- ProMach, a packaging machinery solutions provider, acquired Pharmaworks, a packaging technology provider for the pharmaceutical, consumer goods, and contract packaging industries. The acquisition of Pharmaworks will enable ProMach to significantly expand its pharmaceutical solutions portfolio and strengthen its integrated solutions capabilities for a broad range of applications.
- The increasing government concern towards augmenting sterile and tamper-proof packaging solutions for the pharmaceutical industry makes glass ampoules a viable packaging solution for the pharmaceutical industry.
- In July 2020, Schott announced to introduce vials capable of holding up to 2 billion vaccination doses. The pharma glass and packaging specialist has reached agreements with leading pharmaceutical companies, including key players in India. The global agreements became effective in July 2020, and first vials are already being delivered to companies in Asia, North America, and Europe. Such iniiatives are expected to increase the market demand for ampoules in the region.
