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Pharmaceutical Glass Ampoules Market to Grow at a CAGR of 7.3% During 2023-2031 | Exclusive Report by Transparency Market Research
WILMINGTON, DE / ACCESSWIRE / April 6, 2023 / Transparency Market Research Inc. - The Global Pharmaceutical Glass Ampoules Market stood at US$ 2.8 Bn in 2022 and is expected to reach US$ 5.2 Bn by 2031. The global industry is anticipated to expand at a CAGR of 7.3% between 2023 and 2031.
Rise in demand for medicines and pharmaceutical drugs as well as access to environment-friendly glass ampoules through online shopping platforms are projected to create business opportunities in the global Pharmaceutical Glass Ampoules Market. Technological improvements in the pharmaceutical industry and rise in popularity of tamper-proof pharmaceutical packing solutions are expected to drive market development.
Glass ampoules are becoming more popular among pharmaceutical companies in an attempt to lessen their carbon emissions. Companies are increasing their R&D spending to develop secure, dependable, and personalized glass ampoules. Increase in popularity of sterile packaging solutions in the pharmaceutical industry is expected to drive business growth in the Pharmaceutical Glass Ampoules Market.
Little, airtight glass ampoules are utilized to keep and preserve liquids such as vaccines and medicines. These offer dependable and secure packing solutions that shield contents from degradation and contamination. Glass ampoules protect the contents from atmospheric gases such as oxygen and carbon dioxide. Moreover, most of the chemicals are inert to these ampoules. Hence, they safeguard items from oxidation or hydrolysis.
Glass ampoules can easily be stacked. This reduces the need for storage space in warehouses and also at other facilities. These are portable, environmentally-friendly, and sterile. This makes it possible for drugs, vaccines, and other pharmaceutical materials or chemicals to be transported and stored safely.
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Key Findings of Market Report
Glass ampoules are frequently utilized in the pharmaceutical sector, as these offer sterile packaging option. This is crucial for administering injectable medicines and vaccines, which must be done in a sterile setting. Glass ampoules are sterilizable and have a tight closure, which ensures that the contents are kept clean and uncontaminated.
Global Pharmaceutical Glass Ampoules Market: Growth Drivers
Glass ampoule producers for the pharmaceutical industry are developing more single-use packaging options. They are spending significantly on research and development activities to make safe, tamper-proof glass ampoules. The physical and chemical characteristics of bespoke glass ampoule containers are unaffected by sterilization. Glass ampoules provide outstanding resistance to environmental factors, such as light, oxygen, and moisture. Made-to-order glass ampoules can boost security, guaranteeing drug's safety and efficacy during transportation, usage, and storage. Increase in demand for custom-made glass ampoule packaging is likely to propel the global market.
Usage of chemicals, biologics, and medications, which are made up of complicated formulations that require appropriate storage and handling to be effective, are predicted to increase in the near future. Next-generation drugs, which are kept in ampoules, are handled with utmost care. Ampoules are often heated and centrifuged to study the effects over time. Glass ampoules are increasingly in demand as the pharmaceutical industry expands and novel medications and vaccines are developed, making it easier to store and preserve pharmaceutical products.
Sustainable practices are gaining importance in the pharma industry. This has a considerable influence on the demand for pharmaceutical packaging materials. Usage of glass ampoules as a packaging option has grown as a result of its benefits in terms of sustainability. Market players are increasing their production of eco-friendly, recyclable glass ampoules. The global industry is likely to observe rise in utilization of customized glass ampoules as a way to meet demand among end-users for specific bottle capacities, printed designs, and material colors. Rise in preference for sustainability is expected to drive the market
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Global Pharmaceutical Glass Ampoules Market: Regional Landscape
Based on recent market forecast, Asia Pacific is anticipated to lead the global industry. The market in region is projected to expand at a CAGR of 7.9% between 2023 and 2031. The market in the region is driven by hassle-free availability of affordable raw materials. Increase in export of vaccines and drugs is projected to drive demand for pharmaceutical packaging solutions in Asia Pacific.
Global Pharmaceutical Glass Ampoules Market: Key Players
Shandong Pharmaceutical Glass Co. Ltd.
Corning Pharmaceutical Glass S.p.A. (Corning Inc.)
Lutz Packaging GmbH
Nipro Pharma Packaging
Cang Zhou Four-star Glass Co. Ltd.
Accu-Glass LLC
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Global Pharmaceutical Glass Ampoules Market: Segmentation
Product Type
Straight Stem
Open Funnel
Close Funnel
Others
Capacity
Up to 2 ml
3 ml - 5 ml
6 ml - 8 ml
Above 8 ml
Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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