Press release
Pharmaceutical Glass Ampoules Market Growth Factors Analysis Report to 2029
According to Transparency Market Research's latest report on the global pharmaceutical glass ampoules market for the forecast period of 2021-2029, the market is estimated to be driven by innovation and development associated with child resistant packaging and growing demand for tamper-proof pharmaceutical packaging solutionsThe global pharmaceutical glass ampoules market is expected to expand ~2.1 times to current market value at a CAGR of 9.9% during the forecast period
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World Demand for Highest Standards in Administration of Medicines Fuels Ampoule Innovations
The pharmaceutical glass ampoules market is expected to grow from a volume of 38,846 million units in 2021 and surpass 82,211 million units by 2029. Painkillers, anesthetics, and inflammation inhibitors are fueling the demand for pharmaceutical glass ampoules. Schott AG - a Germany-based multinational glass company specializing in the manufacture of glass and glass-ceramics, is building its portfolio in pharmaceutical glass ampoules to expand its revenue streams in packaging of anesthetics, diluents for lyophilized applications, and non-injectable solutions, among others.
Manufacturers are gaining awareness about world demand for highest standards in administration of medicines to patients, which has led to innovations in ampoules that ensure maximum protection for packaging of formulations.
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Custom Designed Glass Ampoule Packages Bolstering Market Growth
The pharmaceutical glass ampoules market is projected to clock a robust CAGR of 9.9% during the forecast period. Manufacturers are increasing their production capacities in single-use crushable glass ampoule blanks with onion skin glass tubing. These ampoules are inert and non-reactive with most drugs, fluids, and gases. As such, manufacturers are increasing their focus in custom designed glass ampoule packages.
Manufacturers in the pharmaceutical glass ampoules market are bolstering their production in disposable glass ampoule packages. They are increasing R&D efforts to develop safe and tamper-resistant glass ampoules. Custom glass ampoule packages are being designed to be chemically and physically unaffected by sterilization.
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Chinese Manufacturers Maintain Strong Supply Chains with Broad Ampoule Portfolio
Chinese manufacturers in the pharmaceutical glass ampoules market are strengthening their supply chains with end users in the U.S., Europe, and Africa. In order to avoid breakages, manufacturers are using custom-made PVC (Polyvinyl Chloride) plastic trays to package pharmaceutical glass ampoules. Thus, to gain an edge over other manufacturers, companies are building a broad portfolio of highly competitive pharmaceutical ampoules. As such, open funnel glass ampoules are estimated to dominate the highest revenue share among all product types in the global pharmaceutical glass ampoules market during the forecast period.
Manufacturers are increasing the availability of glass ampoules with color rings, cut ring, and dots. High clarity, smoothness, and high transparency are being preferred in pharmaceutical glass ampoules.
Availability of Eco-friendly Glass Ampoules on eCommerce Channels
In order to be price competitive, manufacturers are offering their glass ampoules at factory price for pharmaceutical applications. In order to reduce medical waste, companies in the pharmaceutical glass ampoules market are boosting their output capacities in eco-friendly glass ampoules that are easy for recycling. Custom-made glass ampoules are emerging as a recurring trend in the pharmaceutical glass ampoules market to meet specific bottle capacity, printed design, and material color requirements of end users.
eCommerce platforms are helping emerging and small scale manufacturers to boost sales. Suppliers are delivering these ampoules by express, sea, and air to generate revenue. Different packaging options such as cartons, shrink films, and foam are being used to avoid breakage of glass ampoules.
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Analysts' Viewpoint
Companies in the pharmaceutical glass ampoules market are increasing their focus on vaccine packaging and essential pharmaceutical applications amid the ongoing COVID-19 outbreak to offset losses made owing to delayed or cancellation in patient treatments. The pharmaceutical glass ampoules market is expected to reach US$ 5.7 Bn by 2029. However, pharmaceutical glass ampoules are prone to breakages. Hence, companies should increase their R&D in material sciences such as aluminosilicate glass to prevent breakages in glass ampoules. Apart from eco-friendly glass ampoules, manufacturers are boosting their production capabilities in single-use and tamper-evident glass ampoule packages.
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