Wilmington, Delaware, United States , June 21, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The Global Plastic Ampoules Market was valued at US$ 239.7 Mn in 2022 and is projected to expand at a CAGR of 8.2% from 2023 to 2031.
Rise in utilization of plastic ampoules in packaging applications in the food & beverages, personal care, and cosmetics industries is anticipated to drive the market. Manufacturers in the plastic ampoules market are focusing on development of convenient packaging made from polyethylene and polypropylene to cater to the packaging requirements of these end-use industries especially the pharmaceutical industry.
Surge in demand for a range of healthcare and pharmaceutical products, such as vaccines, injectables, and medications is anticipated to accelerate market development. Plastic ampoules have emerged as a versatile packaging for a wide range of pharmaceutical products. The consistent focus of plastics packaging companies on unveiling plastic ampoules that meet latest safety standards is anticipated to broaden market outlook. Significant utilization of plastic ampoules in parenteral drug administration applications is expected to propel the market
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 239.7 Mn | |
| Estimated Value | US$ 487.2 Mn | |
| Growth Rate - CAGR | 8.2% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 310 Pages | |
| Market Segmentation | By Manufacturing Process, Capacity, Ampoule Design, End-use | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America | |
Key Findings of Study
- Surge in Demand for Open-funnel Designs in Plastic Ampoules: The open-funnel plastic ampoule design segment is anticipated to account for significant market share from 2023 to 2031. Rise in demand for plastic ampoules with open-funnel designs is expected to drive the segment. Packaging companies in the plastic ampoules market are incorporating advanced tamper-resistant features, such as usage of twist-off or snap-off designs, to increase revenue.
Considerable demand for plastic ampoules with novel designs for liquid injectables is anticipated to fuel market development. Furthermore, significant demand for antibacterial plastic ampoules is anticipated to offer lucrative business opportunities for companies in the market in the next few years. - Rapid Adoption of Plastic Ampoules in Pharmaceutical Industry: Advancements in child-resistant packaging for pharmaceutical products are expected to offer significant growth opportunities to companies in the market. An instance is surge in adoption of plastic ampoules in the pharmaceutical industry, which can be ascribed to rise in demand for packaging that allows controlled dispensing and safety. Additionally, plastic ampoules are gaining traction in the industry as these enhance patient (medication) compliance.
Companies are expected to tap into the significant revenue potential from rise in popularity of ampoules made from recyclable plastics and eco-friendly additives. An instance is rapid increase in demand for ampoules made from low-density polyethylene (LDPE). Rise in R&D on child-resistant pharmaceutical packaging solutions made of plastics is expected to augment market size.
Regional Growth Dynamics
- Europe is anticipated to constitute leading market share from 2023 to 2031. Rise in demand for tamper-resistant pharmaceutical packaging, especially child-resistant packaging, presents substantial opportunities to companies in the region. Surge in utilization of plastic ampoules in multiple industries is likely to augment market development in the next few years.
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Key Drivers
- Rise in demand for single-dose or unit dose package made from high-quality plastics is a key driver of the plastic ampoules market. Rapid increase in preference for plastics packaging over glass containers in several end-use industries, such as healthcare, pharmaceutical, personal care, and food & beverages, is expected to drive the market. This is ascribed to several benefits such as ease of opening of the packaging cap, lower risk of contamination (than glass packaging), and ease of storage, handling, and transportation of ampoules made of plastic materials.
- Increaser in initiatives to adopt bio-based plastics in the packaging industry is a key factor expected to drive plastic ampoules market development. Sharpening focus of the packaging industry on reducing reliance on fossil fuels and increase adoption of renewable resources in plastics packaging are expected to boost the market in the next few years.
Competition Landscape
A large number of local and regional players are competing against each other and among regional players in the plastic ampoules market. Leading companies operating in the market are:
- VALMAPAK LLC
- CDM LAVOISER
- Fresenius Kabi
- James Alexander Corporation
- Merck KgaA
- B. Barun SE
- Otsuka Pharmaceutical Factory, Inc.
- Pin Mao Plastic Industry Co. Ltd.
- TekniPlex Healthcare
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Plastic Ampoules Market Segmentation
The plastic ampoules market is segmented based on
Capacity
- Up to 2 ml
- 3 to 5 ml
- 6 to 8 ml
- Above 8 ml
Manufacturing Process
- Injection Molding, Filling, Sealing
- Blow Molding, Filling, Sealing
Ampoule Design
- Straight Stem
- Open Funnel
- Closed Funnel
- Others (Double Tip, etc.)
End-use
- Pharmaceutical
- Chemical
- Veterinary
- Spa Products
- Dental
- Cosmetics & Beauty Aids
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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