Vials and Ampoules market is expected to display a steady growth by 2028|CAGR: 8%| UnivDatos Market Insights
According to a new report published by UnivDatos Markets Insights, the vials and ampoules market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into the product (vials and ampoules); end-use (pharmaceutical, food & beverage, chemical, and personal care & cosmetics); material (glass and plastic); region/country.
The vials and ampoules market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The vials and ampoules market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the vials and ampoules market at the global and regional levels.
Market Overview
The vials and ampoules market is anticipated to grow at a CAGR of 8% during the forecast period (2022-2028). The growing pharmaceutical sector, rising healthcare costs, and expanding geographical presence of vial and ampoules manufacturers are some of the drivers driving the market's growth.
Furthermore, the rising spending on healthcare in developing countries, such as India and China, is also contributing to the growth to the market. For instance, as per the IBEF, India is the largest provider of generic drugs globally and is known for its affordable vaccines and generic medications. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K.
Thus, as developing nations across the world focuses on offering world class manufacturing excellence, robust infrastructure, cost-competitiveness, the market for vials and ampoules is expected to witness significant growth during the forecast period across end-use industries
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industrial operations in a negative way. However, the pharmaceutical industry, across the world, is witnessing significant growth, with several primary packaging manufacturers, including those of vials, focusing on increasing their production capacity to meet the demand from research organizations, in addition to pharmaceutical and biotech companies. Moreover, an increased need for COVID-19 vaccines has led to a high demand for vials, globally.
The global vials and ampoules market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
·???????? Based on product, the market is categorized into vials and ampoules. In 2020, vials category accounted for a significant share in the market. This can be majorly attributed to the growing demand for packaging containers, such as vials, among pharmaceutical and biotech companies around the world. Furthermore,? growing geriatric population and age-related ailments has increased the demand for high-quality drugs, including biologics,, which is further fueling the growth in market.
·???????? Based on end-use, the market is categorized into pharmaceutical, food & beverage, chemical, and personal care & cosmetics. In 2020, pharmaceutical end-use industry accounted for majority share in the market. Vials and ampoules are can been extensively seen on the shelves of chemistry-based or pharmaceutical laboratories. Both types of vessels are essential for the preservation and storage of liquids, pharmaceutical fluids, capsules, and other similar contents, usually for pharmaceutical uses. Furthermore, stringent regulations related to storing vaccines and other pharmaceuticals is further expected to drive the market.
Vials and ampoules Market Geographical Segmentation Includes:
·???????? North America (The United States, Canada, and the Rest of North America)
·???????? Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)
·???????? Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)
·???????? Rest of the World
The large and growing base of end-use industries of the Asia-Pacific region along with the presence of international and local manufacturers are two of the key attributable factors for the growth of the market. Furthermore, growing various government initiatives and support for the development of the healthcare and pharmaceutical industry in the region is fueling market growth. According to India Brand Equity Foundation (IBEF), India is the largest provider of generic medicines in the world. India stood at 3rd position in terms of pharmaceutical production by volume. The country supply more than 50% of the global demand for various vaccines, 25% of all medicines in the U.K., and 40% generic medicines in the U.S.
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The major players targeting the market include
·???????? Schott AG
·???????? Gerresheimer AG
·???????? SGD SA
·???????? Nuova Ompi SRL (Stevanato Group)
·???????? NIPRO Corporation
·???????? Piramida d.o.o.
·???????? Corning Incorporated
·???????? Crestani srl
领英推荐
·???????? Pacific Vials Manufacturing Inc.
·???????? Borosil Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
? What are the latest trends, new patterns, and technological advancements in the vials and ampoules market?
? Which factors are influencing the vials and ampoules market over the forecast period?
? What are the global challenges, threats, and risks in the vials and ampoules market?
? Which factors are propelling and restraining the vials and ampoules market?
? What are the demanding global regions of the vials and ampoules market?
? What will be the global market size in the upcoming years?
? What are the crucial market acquisition strategies and policies applied by global companies?
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