Market Size of NA Ampoules Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Ampoules Packaging Market Analysis
The North America Ampoules Packaging Market is expected to register a CAGR of approximately 9% during the forecast period (2020 - 2025).
- The growth in demand for ampoules packaging in the North American region is expected to grow, as the pharmaceutical industry in the region is growing significantly, in terms of innovation and competitiveness, despite its mature status as compared to the other regions.
- ProMach, a packaging machinery solutions provider, acquired Pharmaworks, a packaging technology provider for the pharmaceutical, consumer goods, and contract packaging industries. The acquisition of Pharmaworks will enable ProMach to significantly expand its pharmaceutical solutions portfolio and strengthen its integrated solutions capabilities for a broad range of applications.
- The increasing government concern towards augmenting sterile and tamper-proof packaging solutions for the pharmaceutical industry makes glass ampoules a viable packaging solution for the pharmaceutical industry.
- In July 2020, Schott announced to introduce vials capable of holding up to 2 billion vaccination doses. The pharma glass and packaging specialist has reached agreements with leading pharmaceutical companies, including key players in India. The global agreements became effective in July 2020, and first vials are already being delivered to companies in Asia, North America, and Europe. Such iniiatives are expected to increase the market demand for ampoules in the region.
North America Ampoules Packaging Industry Segmentation
An ampoule is a small sealed glass or plastic sealed bottle, which is used to contain and preserve a sample, usually a solid or liquid. The ampoules packaging is increasingly being used in pharmaceutical, personal care, and cosmetic industries. Ampoules packaging is mostly used to protect liquid or solution from air and contaminants.
The market study includes the study of growth opportunities and challenges of ampoules packaging in the North American region.
Material | |
Glass | |
Plastic |
Country | |
United States | |
Canada |
NA Ampoules Packaging Market Size Summary
The North America Ampoules Packaging Market is poised for significant growth, driven by the robust expansion of the pharmaceutical industry in the region. Despite its mature status, the industry continues to thrive due to innovation and competitiveness, particularly in the United States. The increasing demand for sterile and tamper-proof packaging solutions, such as glass ampoules, is fueled by government regulations and the need for high barrier materials to ensure drug safety. The market is further bolstered by strategic acquisitions and collaborations among key players, such as ProMach's acquisition of Pharmaworks, which enhances their pharmaceutical solutions portfolio. Initiatives like Schott's introduction of vials for vaccination doses underscore the growing demand for ampoules in the region.
The United States is expected to lead the ampoules packaging market in North America, supported by its strong pharmaceutical and personal care sectors. The shift towards sustainable and eco-friendly packaging solutions is encouraging manufacturers to prefer glass over plastic ampoules. Companies like Gerresheimer and Keystone Folding Box Co. are expanding their production capabilities and product offerings to meet the rising demand for injectable drugs, which are favored for their therapeutic efficiency and rapid onset of action. The market's consolidated nature, with few vendors, is prompting players to explore strategic partnerships and collaborations to drive innovation and growth in ampoules packaging solutions.
NA Ampoules Packaging Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Demand for Sterile and Tamper-Proof Packaging Solutions for the Pharmaceutical Industry
-
1.2.2 Stringent Government Regulations and Standards
-
-
1.3 Market Restraints
-
1.3.1 Concerns Regarding Dumping of Used Ampoules
-
-
1.4 Industry Value Chain Analysis
-
1.5 Industry Attractiveness - Porter's Five Forces Analysis
-
1.5.1 Bargaining Power of Suppliers
-
1.5.2 Bargaining Power of Buyers/Consumers
-
1.5.3 Threat of New Entrants
-
1.5.4 Threat of Substitute Products
-
1.5.5 Intensity of Competitive Rivalry
-
-
1.6 Impact of Covid-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 Material
-
2.1.1 Glass
-
2.1.2 Plastic
-
-
2.2 Country
-
2.2.1 United States
-
2.2.2 Canada
-
-
NA Ampoules Packaging Market Size FAQs
What is the current NA Ampoules Packaging Market size?
The NA Ampoules Packaging Market is projected to register a CAGR of 9% during the forecast period (2024-2029)
Who are the key players in NA Ampoules Packaging Market?
J. Penner Corporation, James Alexander Corporation, Sandfire Scientific Ltd., Stevanato Group and Syntegon Technology GmbH are the major companies operating in the NA Ampoules Packaging Market.