Global Ampoules Packaging Market 2017-2021
About Ampoules Packaging
Ampoules are the most common pharmaceutical packaging solutions worldwide. The global ampoules packaging market is segmented based on the type (glass, plastic) and geography (Americas, EMEA and APAC). The growing number of diseases and government regulations are spurring the ampoules packaging market to consistent growth. Ampoule manufacturers are enhancing their offerings by manufacturing products that are more suitable to the healthcare industry.
Technavio’s analysts forecast the global Ampoules Packaging market to grow at a CAGR of 8.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ampoules packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by ampoules packaging providers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ampoules Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global ampoules packaging market: Gerresheimer, J. Penner, James Alexander, Nipro, and SCHOTT.
Other Prominent Vendors in the market are: Adelphi Healthcare Packaging, BMT Corporation, CordenPharma, Dolphin Instruments, Friedrich & Dimmock, Jinarth Pharma Pack, Ompi, Sopharma PLC, and WHEATON Industries.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing pharmaceutical and healthcare sector. The pharmaceutical sector has shown stable growth and will continue to grow during the forecast period. This sector has been characterized by higher revenues, cost reductions, and product innovations. It has shown a potential for high revenue and volumes in China and North America.”
According to the report, one of the major drivers for this market is demand for high-quality pharmaceutical packaging. There is a rising demand in the pharmaceutical and healthcare sector for quality packaging. Quality assurance of pharmaceuticals has become an important component. Ensuring that pharmaceuticals are manufactured, packaged, and stored in a controlled, uncontaminated environment is an essential part of the quality assurance process.
Further, the report states that one of the major factors hindering the growth of this market is high capital intensity. The high capital investment involved in starting an ampoules packaging manufacturing unit is the major restraining factor for the growth of the market. Billions of ampoules are manufactured, which puts a pressure on sustaining product quality while reducing operational complexity. Thus, manufacturers need to make substantial investments continuously to standardize and improve the production machinery. With the advances in technology, manufacturers are replacing the old machinery with newer ones, which is further creating a major investment challenge for them. Also, glass manufacturing requires capital-intensive machines and uses high amounts of energy, which increases the overall operational cost for the vendors.
Gerresheimer, J. Penner, James Alexander, Nipro, SCHOTT, Adelphi Healthcare Packaging, BMT Corporation, CordenPharma, Dolphin Instruments, Friedrich & Dimmock, Jinarth Pharma Pack, Ompi, Sopharma PLC, and WHEATON Industries.
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