Ampoules are a type of unit-dose parenteral packaging solution. Single piece of packaging does not allow any type of contamination of the products contained in the packaging. Traditionally, glass is used for the manufacturing of ampoules, while plastic ampoules are gaining high traction in the emerging economies where the demand for low cost packaging is significantly high. Plastic is one of the abundantly available low cost materials, reducing the cost of ampoules. Low cost is one of the primary winning imperatives of plastic ampoules over its alternatives.
The global plastic ampoules market is valued at US$ 186.6 Mn in 2019. The market is forecast to expand at a CAGR of 8.3% during the forecast period, 2019-2027.
Plastic as a material material offers many advantages as compared to glass. Plastic ampoules provide greater design flexibility compared to glass ampoules with higher dimensional accuracy in manufacturing. Plastic ampoules are manufactured using two processes- injection molding and blow molding. Blow molding process is a single step process that blows and fills plastic ampoules at the same time. With full-scale production capacity, this process yields only 10,000 ampoules per hour.
Injection molding process is a two-step process in which the plastic ampoules are molded and then transferred to the filling line for filling. This process adds flexibility to the production process of plastic ampoules as it can range from small batches at 1,500 ampoules per hour to full-scale production capacity of approximately 15,000 plastic ampoules per hour. Blow molding process accounts for the highest share in the manufacturing process segment and is expected to register a CAGR of 7.6%. Injection molding process is expected to gain traction globally as it is less expensive than blow fill sealing, and offers same production capacity.
Plastic ampoules are majorly preferred for premium products which require extreme protection from foreign particles interference. Both the materials, glass, as well as plastic, have properties suitable for different applications and requirements. Plastic ampoules are gradually gaining pace in the pharmaceutical packaging applications. Unit dose parenteral packaging is highly preferred by the consumers over multi-dose packaging. In the US, as per the FDA regulations, unit dose plastic ampoules for pharmaceutical packaging account for almost 24%, are expected to generate above average growth opportunities, and are likely to lead the pharmaceutical packaging type in terms of value.
The pharmaceutical packaging market is projected to register the highest pace in the Asia Pacific region and accounts for around 22% of the global pharmaceutical industry. The pharmaceutical industry has significant impact on the plastic ampoules market, being the major end user of ampoules. Healthcare expenditure growth propels the demand for premium pharmaceuticals, promoting research, & development in the pharmaceutical industry.
Ease of Administration and Increased Patient Compliance
Use of plastic ampoules eliminates the need for tearing and cutting the top of the package in order to dispense the dose. This makes it easier for the user to dispense the content in a controlled manner. Increase in geriatric population suffering from several chronic diseases and lower cost of plastic ampoules are the prime factors driving the demand for plastic ampoules. These factors are anticipated to boost injectable drug delivery systems which are user-friendly as they can be used easily at home or near the patient.
Reduced Drug Overfill in Plastic Ampoules
Plastic ampoules are an apt choice for many pharmaceutical companies as these offer fixed dosages which help pharmaceutical companies to control costs by reducing drug overfill. Single dose or multi-dose plastic ampoules offer correct filling dose and to compensate for human errors. The use of plastic ampoules eliminates drug overfill and reduces inefficiency in the manufacturing process. As plastic ampoules are single use, they highly reduce the losses incurred due to overfilling. Hence, the use of plastic ampoules is particularly advantageous for companies dealing with costly drugs.
The Pharmaceutical Industry to Witness Growth during the Forecast Period
On the basis of end use, the pharmaceutical segment is expected to witness lucrative growth and is to be valued at US$ 111.1 Mn by 2019. End-use industries are progressively opting for plastic ampoules solutions such as cosmetics, chemicals, and veterinary. Therefore, the share of the pharmaceutical segment is expected to rise through 2027. Plastic, among the material types, is expected to continue its dominance throughout the forecast period wherein plastic ampoules are preferred in order to maintain drug hygiene. The preference for plastic ampoules can also be attributed to the low cost as compared to their counterparts.
On the basis of geography, China is expected to be the most attractive market followed by the US and Germany in the plastic ampoules market. The US and Germany plastic ampoules markets, being comparatively mature markets are expected to show slow growth.
Key companies functioning in the global plastic ampoules market are, Sanner GmbH, James Alaxander Corporation, LF of America Corporation, Bisio Progetti Spa, Shenzhen Bona Pharma Technology Co. Ltd, Pin Mao Plastic Industry Co. Ltd., Lameplast Group SpA, Catalent, Inc., Discos SRL, and Punto Pack SRL.
In this report, Transparency Market Research offers an 8-year forecast of the global plastic ampoules market between 2019 and 2027. The study reveals the dynamics of the plastic ampoules market in five geographic segments along with a market analysis for the current market environment and future scenario over the forecast.
This Transparency Market Research report studies the global plastic ampoules market for the period 2019–2027. The prime objective of this report is to offer insights and key market trends pertaining to the plastic ampoules market that are gradually helping transform global businesses.
The global plastic ampoules market report begins with an executive summary for various categories and their share in the plastic ampoules market. It is followed by the market dynamics and an overview of the global plastic ampoules market, which includes TMR analysis of market drivers, restraints, opportunity analysis, and trends that are affecting the growth of the market. Furthermore, to understand the popularity of the plastic ampoules segment, the attractiveness index and BPS analysis with elaborated insights on the same are provided. These will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the plastic ampoules market in each country and region, BPS and Y-o-Y growth analysis are provided.
The global market for plastic ampoules is further segmented as per capacity, manufacturing process, ampoule design, and end use. On the basis of capacity, the global market for plastic ampoules is segmented into up to 2 ml, 3ml to 5ml, 6ml to 8ml, and above 8 ml. On the basis of manufacturing process, the global market for plastic ampoules is segmented into injection molding and blow molding processes. On the basis of ampoule design, the global plastic ampoules market is segmented into straight stem, open funnel, closed funnel, and others. On the basis of end use, the global plastic ampoules market is segmented into pharmaceuticals, chemicals, veterinary, spa products, dental, and cosmetics.
The next section of the report highlights the plastic ampoules market by region and provides the market outlook for 2019–2027. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional plastic ampoules market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional plastic ampoules market for 2019–2027.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the plastic ampoules market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and the economic envelope. Additionally, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the plastic ampoules market and identify the right opportunities across the market.
The market segments for the global plastic ampoules market have been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the plastic ampoules market. Another key feature of the global plastic ampoules market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective. The overall absolute dollar opportunity along with the segmental split is mentioned in the global plastic ampoules market.
To understand key growth segments in terms of growth and adoption, Transparency Market Research has developed the ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report, the ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution to the plastic ampoules market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the plastic ampoules marketplace.