Market Size of United States Ampoules Packaging Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 6.82 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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US Ampoules Packaging Market Analysis
The US ampoules packaging market is expected to register a CAGR of 6.82% over the forecast period. Glass ampoules have been widely used for packaging injectable drugs for several decades, and the trend is anticipated to continue during the forecast period.
- Ampoules are widely used in pharmaceutical and chemical laboratories to preserve and store medicinal fluids, capsules, and liquids. They have greatly influenced the shelf life of products as they prevent contamination and mix of medicines. Glass ampoules offer high transparency enabling easy inspection of their contents and higher protection as they are relatively impervious to moisture and air and chemically resistant to most medicinal products.
- The emergence of plastic ampoules in the market has been to counter some of the concerns relating to glass particles entering the contents during the breaking of the ampoules. This is expected to create an opportunity for plastic ampoules manufacturers and may be impacted by regulatory upgrades and standards in the respective nation.
- Several players are manufacturing custom-sized glass ampoules to cater to the swelling demand from various end-user industries. Straight stem ampoules and open funnel glass ampoules are manufactured for two different ampoules. Straight-stem ampoules are expected to witness increased demand owing to the growth of the vaccine market. The recent COVID-19 pandemic has provided further impetus to developing the fast-growing vaccine industry.
- Additionally, to maintain the properties of the medications, glass is a preferred material predominantly used in the pharmaceutical ampoule market. For instance, cytotoxic medicines, such as calcium folinate, are primarily packed in 3 mg/ml injection in the 10ml ampoule. Other significant areas of application for ampoules constitute the cosmetics/beauty industry. The growing market for high-quality elixirs and serum products for the face, eye area, hair, and hands have been a significant driver in the studied market.
- However, improper disposal of used ampoules will impede market expansion in the projected timeframe as glass ampoules are more expensive to manufacture and ship compared to plastic ones.
- The spread of COVID-19 negatively impacted the market due to supply chain difficulties brought on by delayed manufacturing. However, the situation drastically changed because more COVID vaccines were produced to counter the spread, which increased the demand for ampoules in the pharmaceutical business, which aided the market expansion during COVID-19.