Pharmaceutical Glass Vials & Ampoules Market 2021 Precise Outlook - Schott AG, Gerresheimer AG, Nuova Ompi S.r.l. (Stevanato Group), NIPRO Corporation

The Pharmaceutical Glass Vials & Ampoules Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Pharmaceutical Glass Vials & Ampoules Market is expected to register a CAGR of 6.2% during the forecast period (2020 - 2025).

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Top Leading Companies of Pharmaceutical Glass Vials & Ampoules Market are Schott AG, Gerresheimer AG, Nuova Ompi S.r.l. (Stevanato Group), NIPRO Corporation, Piramida d.o.o., SGD S.A., APL Solutions Pvt. Ltd., Crestani srl and others.

Industry News and Updates

Nov 2019 - Schott AG announced its plan to double its manufacturing capacity in India, by infusing a total of EUR 47 million (including its existing investment of EUR 21 million). The company is also planning to inject additional investments of EUR 26 million for another tank facility in 2020.

Dec 2019 - Gerresheimer opened a new plant in India through Triveni Polymers Pvt. Ltd, to increase its production capacity. The company will be making vials made of tubular glass for pharmaceutical and diagnostic applications, as well as ampoules in the plant.

Key Market Trends

United States is Expected to Hold a Major Share of the Market

- The United States primarily dominates the pharmaceutical market, both in consumption and development. According to STAT, prescription drug spending in the nation is considered to add up to USD 600 billion by 2023, up from an estimated USD 500 billion in 2019, which is further expected to drive the market for glass vials and ampoules in the country.

- The North American region is one of the largest regions for the pharmaceutical packaging industry owing to its large pharmaceutical manufacturing base and the ability to introduce technological advancements to pharmaceutical packaging. According to the association for packaging and processing technologies (PMMI), there are more than 700 North American Manufacturers of equipment, components, and materials for processing and packaging.

- Moreover, in May 2020, the Trump administration signed a USD 354 million, 4-year contract with Phlow Corp. in order to manufacture generic medicines and pharmaceutical ingredients that are currently needed to treat COVID-19 infected patients. The contract may be extended for a total of USD 812 million over the span of 10 years

Regional Outlook of Pharmaceutical Glass Vials & Ampoules Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Pharmaceutical Glass Vials & Ampoules Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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