Global Plastic Vials and Ampoules Industry is Anticipated to Generate USD 5,833.0 Million by 2034: Future Market Insights, Inc.

The global market for 𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐯𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐚𝐦𝐩𝐨𝐮𝐥𝐞𝐬 is poised for impressive growth, with sales estimated to reach 𝐔𝐒𝐃 𝟑,𝟒𝟒𝟕.𝟒 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in 2024, marking a steady increase from USD 3,270.7 million in 2023.

Over the next decade, the market is projected to soar, reaching an estimated value of 𝐔𝐒𝐃 𝟓,𝟖𝟑𝟑.𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 by 2034. This represents a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓.𝟒% during the forecast period from 2024 to 2034. Notably, a year-on-year growth of 5.6% is anticipated in 2024, reflecting the industry's resilience and strong demand.

The rising demand for plastic vials and ampoules, commonly used in the pharmaceutical and healthcare industries for packaging injectable drugs, vaccines, and other critical formulations, is fueling the market's growth. A key material driving this expansion is COC and COP, which is expected to reach a market valuation of USD 1,549.8 million by 2024.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰
https://www.futuremarketinsights.com/report-sample#5245502d47422d3133373439

This material segment is anticipated to experience significant growth, expanding by 1.8x its current market value.

COC and COP materials are particularly valued for their ability to maintain the stability and integrity of filled contents across a variety of storage conditions, including the demanding requirements of cold chain logistics. This makes COC/COP an essential choice for manufacturers looking to ensure the safety and quality of sensitive pharmaceutical products during storage and transportation.

With the continued growth of the global pharmaceutical and healthcare sectors, the market for plastic vials and ampoules, particularly those made from advanced materials like COC and COP, is well-positioned for long-term success. The increasing adoption of plastic over traditional glass packaging due to cost-effectiveness, ease of handling, and enhanced safety is also driving the transition toward plastic-based solutions in the industry.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐕𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐀𝐦𝐩𝐨𝐮𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

• The global plastic vials and ampoules industry grew at a CAGR of 4.3% from 2019 to 2023.
• By 2023, the industry reached a market value of USD 3,270.7 million.
• India's pharmaceutical sector is expected to reach USD 65 billion by 2024, according to Invest India.
• The UK's chemical industry is projected to generate USD 72.31 billion in 2024, making it a key sector for the economy.
• Cyclic olefin copolymer (COC)/ cyclic olefin polymer (COP) dominates the market, representing 45.0% of the total market share by 2024.
• The healthcare segment of the plastic vials and ampoules market is forecasted to hit USD 1,350.4 million by 2024, growing at a CAGR of 5.5%.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Key players in the plastic vials and ampoules market are investing in new technologies, developing innovative plastic disposable solutions, and forming partnerships and collaborations. Key plastic vials and ampoules suppliers have also been acquiring smaller players in order to expand their position and further penetrate the plastic vials and ampoules market across numerous geographies.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐕𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐀𝐦𝐩𝐨𝐮𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

• In July 2024, Berry and Glatfelter announced a new brand name and identity amid the merger with Berry's health, hygiene and specialities.
• In May 2024, Gerresheimer acquired Blitz LuxCo Sarl, the holding company of the Bormioli Pharma Group.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐕𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐀𝐦𝐩𝐨𝐮𝐥𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

• Berry Global Inc
• Thornton Plastics
• Gerresheimer AG
• Adelphi Healthcare Packaging
• DWK Life Sciences GmbH
• Amcor Plc
• TekniPlex
• Fresenius Kabi Contract Manufacturing
• Arcade Beauty
• Ningbo Suncity

𝐆𝐚𝐢𝐧 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞-𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐄𝐧𝐭𝐢𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰!
https://www.futuremarketinsights.com/reports/plastic-vials-and-ampoules-market

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐕𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐀𝐦𝐩𝐨𝐮𝐥𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥:

In terms of material, the industry is divided into polyethylene, polypropylene, polycarbonate, polyvinyl chloride (PVC), polystyrene, and COC/COP.

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 & 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲:

In terms of product type & capacity, the industry is segregated into vials and ampoules. Vials are further sub-categorized as up to 2 ml, 3 ml to 5 ml, 5 ml to 7 ml, and 8 ml & above. Ampoules are sub-divided into up to 2 ml, 3 ml to 5 ml, 5 ml to 7 ml, and 8 ml & above

𝐁𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞:

The industry is classified by end-use industries as healthcare, personal care &cosmetics, chemical industry, and homecare products. Healthcare is further classified as research laboratories, drug manufacturers, hospitals and clinical research.

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa have been covered in the report.

𝐇𝐚𝐯𝐞 𝐚 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐃𝐨𝐦𝐚𝐢𝐧:

𝐃𝐢𝐬𝐩𝐨𝐬𝐚𝐛𝐥𝐞 𝐂𝐮𝐭𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/disposable-cutlery-market

𝐓𝐫𝐚𝐲 𝐒𝐞𝐚𝐥𝐢𝐧𝐠 𝐌𝐚𝐜𝐡𝐢𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/tray-sealing-machines-market

𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐂𝐚𝐬𝐞𝐬 & 𝐁𝐨𝐱𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/transport-cases-and-boxes-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.