"Overview of Plastic Ampoules Market"
The Demand For Plastic Ampoules Market Was Estimated At US$ 180 Mn In 2018. During The Forecast Period (2019-2027), It Is Projected To Witness A CAGR Of 8% .
Ampoules are preferred for products that require protection from foreign particles and toxic environment. Plastic ampoules are also useful in eliminating the need for tearing and cutting the top of the package in order to dispense the product. Moreover, rise in geriatric population suffering from chronic diseases and other factors such as low cost of plastic consumed for ampoules are important factors driving the demand. Moreover, there is a high demand for drug delivery systems that are easy to use at hospital or home.
Plastic and glass have properties apt for various applications and requirements. Plastic ampoules are gaining traction as these are widely used in pharmaceutical packaging. In addition to this, unit dose parenteral packaging is highly preferred over other packaging formats such as multi-dose packaging. Infact, unit dose packaging accounts for a significant share of pharmaceutical packaging in terms of value during forecast period. Also, plastic ampoules offer various benefits such as it eliminates the requirement of tearing and cutting the top of the package. It makes it easier for the user to dispense the content. Moreover, plastic ampoules also offer various benefits such as eliminating the need for tearing and cutting the top of the package. It also makes it easier for the user to dispense the content in a controlled manner.
On The Basis Of Production Process, Blow molding segment Is Expected To Witness High Demand During Forecast Period.
Plastic is preferred by various manufacturers as it offers various benefits as compared to glass. Various benefits offered by plastic ampoules such as greater design flexibility as compared to other materials. Two processes such as injection and blow molding process are very useful in manufacturing plastic ampoules. Blow molding is one such process that fills and blows plastic ampoules simultaneously. This process yields higher productivity of 10,000 ampoules per hour. Owing to its higher production capacity, it is preferred over other materials available in the market.
On The Basis Of End-use, Pharmaceutical Is Expected To Witness High Demand During The Forecast Period (2019-2027)
On the basis of end use, pharmaceutical segment had accounted for a significant share of xx% in 2018 and is expected to remain dominant during the forecast period. This is also expected to witness healthy growth during the forecast period. End user industries are also opting for plastic ampoule solutions such as for cosmetics, chemicals and veterinary. Ampoules are also preferred for unit dosage in pharmaceutical segment. This is also helpful to maintain oral hygiene. Low cost of plastic ampoules is one of the prime reasons for high adoption and high demand.
The Market Of Asia-Pacific Is Predicted To Witness A Lucrative Growth In Global Plastic Ampoules Market
Pharmaceutical packaging market is expected to register high growth in Asia Pacific and accounts for around 25% of the global pharmaceutical industry. Growth of Pharmaceutical Industry has good impact on plastic ampoules market, being the major end user of the ampoules. Moreover, various factors such as increase in healthcare expenditure, research & development investments in pharmaceutical industry are expected to boost the growth of plastic ampoules market in Asia Pacific region.
However, countries such as US and Germany are expected to witness slow growth as these are matured markets when compared to other emerging economies across the globe.
Plastic Ampoules market is consolidated market with key players such as LF of America Corporation, Bisio Progetti Spa, Punto Pack SRL., Lameplast Group SpA, Catalent, Inc, James Alaxander Corporation, Sanner GmbH, Shenzhen Bona Pharma Technology Co. Ltd and others.
Plastic Ampoules Market Segmentation:
Plastic Ampoules Market by Capacity
- Up to 2 ml
- 3 ml to 5ml
- 6 ml to 8 ml
- Above 8 ml
Plastic Ampoules Market by Production Process
- Injection Molding
- Blow Molding Processes
Plastic Ampoules Market by Ampoule Design:
- Straight Stem
- Open Funnel
- Closed Funnel
Plastic Ampoules Market by End Use:
- Spa Products
Plastic Ampoules Market by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa