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Plastic Vials and Ampoules Sales will Pick Up at 6.1% CAGR through 2031
Plastic Vials and Ampoules Sales will Pick Up at 6.1% CAGR through 2031
Published by mark itwired
Posted on September 22, 2021
Plastic vials and ampoules are increasingly used as the primary packaging container across various industries such as healthcare, pharmaceutical, personal care & cosmetics, the chemical industry, and home care products.
According to a study by Future Market Insights (FMI), the sales of plastic vials and ampoules will increase by 6.1% CAGR through 2031. Plastic vials and ampoules offer a variety of benefits in terms of handling which in turn offers ease & convenience to patients for self-administration of the medication. They are also used as container for storage and dispensing of non-medicinal products such as cosmetic creams in form of the modified vials.
Plastic vials and ampoules come with several additional advantages such as cost-effectiveness and durability. They also are easily recyclable. Plastic vials are sometimes coated with an unbreakable glass layer which offers effective protection towards sensitive medicinal products such as solutions and liquid reagents used in the process of vaccine manufacturing especially antibiotics and antivirals.
These vials also offer high resistance towards the decomposition of products thereby not altering the properties of the medicinal or non-medicinal solution in it. Plastic vials and ampoules are sometimes coated with the amber colour to prevent damage of the product from temperature fluctuation and extensive heat.
Considering the overall benefits, the plastic vials and are projected to experience soaring demand by various end-use application especially hospitals and personal care & cosmetics.
Key Takeaways from Plastic Vials and Ampoules Market
- By material, the polypropylene segment followed by the polyethylene segment is estimated to lead the market by holding more than 1/4th of the global market, by the end of 2031.
- By product type and capacity, the vials segment is anticipated to hold the dominant market share of 62% during assessment years. FMI also has forecast 2ml capacity vials to gain traction due to rising demand for single dose medicines.
- Demand in the hospital segment is projected to expand at a CAGR of 6.2%.
- North America, Europe, and South Asia are showcasing high demand for plastic vials and ampoules. These regions together are projected to hold about 60% of the market share along with offering an incremental opportunity of US$ 1.5 Bn by the end of 2031.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-13749
“The global plastic vials and ampoules market will gain impetus amidst rising demand from various industries. Market players are likely to focus on capacity expansion as their key strategy to gain competitive edge,” says an FMI analyst.
Demand in Healthcare Sector Supporting Growth
Ongoing emphasis on research & development across healthcare facilities and pharmaceutical drug manufacturing companies and focus on clinical research have led to the increase in the demand for plastic vials and ampoules.
Sales are expected to increase amid the increasing demand for vaccine to contain pandemic and epidemic outbreaks.
Besides this, focus on technologies to ensure precise administration of medicines will fuel the demand for vials and ampoules. The adoption of unit dose or fixed-dose aimed at avoiding human errors while administering medication will therefore aid plastic ampules and vials sales.
Impact of COVID-19 on Plastic Vials and Ampoules Market
The plastic vials and ampoules market has experienced a positive demand amid the COVID-19 period. Hospitals are leading end users of plastic vials and ampoules. Focus on offering care to mounting number of COVID-19 patients therefore created high demand for plastic vials and ampoules.
Payers operating in the plastic vials and ampoules market tried to push up their sales by increasing their production capacity as well as offering an innovative product which again created positive impact on the plastic vials and ampoules market.
Plastic Vials and Ampoules Market by Category
By Material Type:
- Polyethylene
- Polypropylene
- Polycarbonate
- Polyvinyl Chloride
- Polystyrene
- COC/COP
By Product Type:
- Vials
- Up to 2 ml
- 3 ml to 5 ml
- 5 ml to 7 ml
- 8 ml and above
By End-Use Application:
- Healthcare
- Research Laboratories
- Drug Manufacturing
- Hospitals and Clinical Research
- Personal Care & Cosmetics
- Chemical Industry
- Homecare Products
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
Plastic Vials and Ampoules Market Landscape
Berry Global Inc., West Pharmaceutical Services, Inc., Pacific Vial Manufacturing Inc., Aptar Group Inc., Catalent Inc., SiO2 Material Science, Shandong Pharmaceutical Glass Co., Ltd., Tonbay Industry Co., Ltd., LA Packaging, Thornton Plastics, Gerresheimer AG, Adelphi Healthcare Packaging, Schott AG, DWK Life Sciences GmbH, Amcor Plc, SGD Pharma, Stevanato Group, Origin Pharma Packaging and Bormioli Pharma S.p.A.are also noticeable players in the plastic vials and ampoules market.
Plastic Vials and Ampoules Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global plastic vials and ampoules market, analysing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the plastic vials and ampoules market based on material (polyethylene, polypropylene, polycarbonate, polyvinyl chloride, polystyrene, and COC/COP), by product type & capacity (vials – {up to 2 ml, 3ml to 5ml, 5ml to 7ml, and 8ml and above} and ampoules – {up to 2 ml, 3ml to 5ml, 5ml to 7ml and 8ml and above}) and end-use application (healthcare – {research laboratories, drug manufacturing, and hospitals & clinical research}, personal care & cosmetics, chemical industry, and homecare products) across seven regions.
The post Plastic Vials and Ampoules Sales will Pick Up at 6.1% CAGR through 2031 first appeared on Market Research Blog.
Plastic vials and ampoules are increasingly used as the primary packaging container across various industries such as healthcare, pharmaceutical, personal care & cosmetics, the chemical industry, and home care products.
According to a study by Future Market Insights (FMI), the sales of plastic vials and ampoules will increase by 6.1% CAGR through 2031. Plastic vials and ampoules offer a variety of benefits in terms of handling which in turn offers ease & convenience to patients for self-administration of the medication. They are also used as container for storage and dispensing of non-medicinal products such as cosmetic creams in form of the modified vials.
Plastic vials and ampoules come with several additional advantages such as cost-effectiveness and durability. They also are easily recyclable. Plastic vials are sometimes coated with an unbreakable glass layer which offers effective protection towards sensitive medicinal products such as solutions and liquid reagents used in the process of vaccine manufacturing especially antibiotics and antivirals.
These vials also offer high resistance towards the decomposition of products thereby not altering the properties of the medicinal or non-medicinal solution in it. Plastic vials and ampoules are sometimes coated with the amber colour to prevent damage of the product from temperature fluctuation and extensive heat.
Considering the overall benefits, the plastic vials and are projected to experience soaring demand by various end-use application especially hospitals and personal care & cosmetics.
Key Takeaways from Plastic Vials and Ampoules Market
- By material, the polypropylene segment followed by the polyethylene segment is estimated to lead the market by holding more than 1/4th of the global market, by the end of 2031.
- By product type and capacity, the vials segment is anticipated to hold the dominant market share of 62% during assessment years. FMI also has forecast 2ml capacity vials to gain traction due to rising demand for single dose medicines.
- Demand in the hospital segment is projected to expand at a CAGR of 6.2%.
- North America, Europe, and South Asia are showcasing high demand for plastic vials and ampoules. These regions together are projected to hold about 60% of the market share along with offering an incremental opportunity of US$ 1.5 Bn by the end of 2031.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-13749
“The global plastic vials and ampoules market will gain impetus amidst rising demand from various industries. Market players are likely to focus on capacity expansion as their key strategy to gain competitive edge,” says an FMI analyst.
Demand in Healthcare Sector Supporting Growth
Ongoing emphasis on research & development across healthcare facilities and pharmaceutical drug manufacturing companies and focus on clinical research have led to the increase in the demand for plastic vials and ampoules.
Sales are expected to increase amid the increasing demand for vaccine to contain pandemic and epidemic outbreaks.
Besides this, focus on technologies to ensure precise administration of medicines will fuel the demand for vials and ampoules. The adoption of unit dose or fixed-dose aimed at avoiding human errors while administering medication will therefore aid plastic ampules and vials sales.
Impact of COVID-19 on Plastic Vials and Ampoules Market
The plastic vials and ampoules market has experienced a positive demand amid the COVID-19 period. Hospitals are leading end users of plastic vials and ampoules. Focus on offering care to mounting number of COVID-19 patients therefore created high demand for plastic vials and ampoules.
Payers operating in the plastic vials and ampoules market tried to push up their sales by increasing their production capacity as well as offering an innovative product which again created positive impact on the plastic vials and ampoules market.
Plastic Vials and Ampoules Market by Category
By Material Type:
- Polyethylene
- Polypropylene
- Polycarbonate
- Polyvinyl Chloride
- Polystyrene
- COC/COP
By Product Type:
- Vials
- Up to 2 ml
- 3 ml to 5 ml
- 5 ml to 7 ml
- 8 ml and above
By End-Use Application:
- Healthcare
- Research Laboratories
- Drug Manufacturing
- Hospitals and Clinical Research
- Personal Care & Cosmetics
- Chemical Industry
- Homecare Products
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
Plastic Vials and Ampoules Market Landscape
Berry Global Inc., West Pharmaceutical Services, Inc., Pacific Vial Manufacturing Inc., Aptar Group Inc., Catalent Inc., SiO2 Material Science, Shandong Pharmaceutical Glass Co., Ltd., Tonbay Industry Co., Ltd., LA Packaging, Thornton Plastics, Gerresheimer AG, Adelphi Healthcare Packaging, Schott AG, DWK Life Sciences GmbH, Amcor Plc, SGD Pharma, Stevanato Group, Origin Pharma Packaging and Bormioli Pharma S.p.A.are also noticeable players in the plastic vials and ampoules market.
Plastic Vials and Ampoules Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global plastic vials and ampoules market, analysing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the plastic vials and ampoules market based on material (polyethylene, polypropylene, polycarbonate, polyvinyl chloride, polystyrene, and COC/COP), by product type & capacity (vials – {up to 2 ml, 3ml to 5ml, 5ml to 7ml, and 8ml and above} and ampoules – {up to 2 ml, 3ml to 5ml, 5ml to 7ml and 8ml and above}) and end-use application (healthcare – {research laboratories, drug manufacturing, and hospitals & clinical research}, personal care & cosmetics, chemical industry, and homecare products) across seven regions.
The post Plastic Vials and Ampoules Sales will Pick Up at 6.1% CAGR through 2031 first appeared on Market Research Blog.
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