The global vials and ampoules market size was estimated at USD 6.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028. The market growth is expected to be driven by the increasing consumption of biologics, insulin, and vaccine globally. Moreover, the rise in demand for parenteral packaging due to the increasing prevalence of chronic diseases such as diabetes, high blood pressure, and the growing geriatric population is further propelling the market growth.
Vials and ampoules are used majorly in the pharmaceutical industry. However, these products are also finding applications in the cosmetics and food industry. Increasing regulations in the food industry are one of the major factors for the growth of vials and ampoules in the food and beverage industry. Chromatography vials, HPLC vials are increasingly being utilized in the food industry for testing the food and beverage samples.
Key Player Mentioned:
- Schott AG
- Gerresheimer AG
- SGD SA
- Nuova Ompi SRL (Stevanato Group)
- NIPRO Corporation
- Piramida d.o.o.
- APL Solutions Pvt. Ltd
- Crestani srl
- Pacific Vials Manufacturing Inc.
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Product Segment Analysis:
- Vials
- Ampoules
Vials and ampoules are the largest categories of parenteral packaging. They are extensively used to fill and store various types of medicines and drugs in the pharmaceutical industry. These products can be used to store chemically unstable products and various types of drugs and chemicals. They help in preventing contamination of medicines and other products stored in them. Vials can be used to store drugs and medicines or any sample for a longer period.
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa
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Vials and ampoules are of different types, shapes, and sizes. Glass vials and ampoule are extensively used and are popular in the pharmaceutical industry. Plastic vials are gaining high importance in recent times owing to their durability and lightweight. However, their usage is limited, plastic vials and ampoules cannot contain highly unstable compounds. Eye drops, nasal sprays, among others are some products that are offered in plastic vials.
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