Israel Ampoules Packaging Market - Segmented By Material (Glass, Plastic), Applications (Pharmaceuticals, Personal Care, Industrial) - Growth, Trends, And Forecasts (2018 - 2023)
The Israel ampoules packaging market is expected to register a CAGR of about 6.72% during 2018-2023 (the forecast period). The pharmaceutical sector of the country has evolved significantly over the last few decade, emerging as one of the biggest exporters of pharmaceutical products across the globe. Currently, the country is the fourth-biggest exporter of pharmaceutical products to the United States. With regulatory authorities paying attention to the use of appropriate primary packaging materials, ampoules are expected to register a strong growth rate over the forecast period. The increasing technological propagation and amalgamation of ampoules packaging applications with a variety of products, such as glass and plastic, are the major factors driving the ampoules packaging market growth.
Growing Demand for High-quality Pharmaceutical Packaging to Drive the Market
The demand for quality packaging is growing in the healthcare and pharmaceutical sectors. Quality assurance of pharmaceuticals, which that include how the products are packaged, manufactured, and stored in a controlled and uncontaminated environment, has become an important component. Moreover, many innovative drugs are being released in the market, which require right packaging solutions, with an emphasis on the quality standards.
Pharmaceuticals to Hold a Major Share among Different Applications
With exports being a major part in the industry, the need to meet global quality standards and regulations is emphasizing the focus on ampoules packaging solutions that can offer an improved performance over regular bottles. Light and UV penetration concerns are further boosting the usage of ampoules bottles in the pharmaceutical industry. These bottles provide the maximum protection from different wavelengths of light and are mandated in case of many drugs. Ampoules plastic allows various shapes and sizes of packaging with its extreme moldable nature for varied applications in the pharmaceutical industry. This ready-to-use packaging solution facilitates the pharmaceutical companies to react faster to new industry trends, without building specific manufacturing capabilities. The rising levels of foreign investments in Israel, to leverage strong Pharmaceutical packaging infrastructure, is expected to boost the sector’s production, which, in turn, is likely to drive the demand for ampoules in the Pharma industry.
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