San Francisco, California, June 20, 2017: The flourishing growth of the pharmaceutical packaging industry worldwide is the primary growth stimulant of the global ampoules market worldwide. The advent of novel injectable therapies due to research and advancements in the field of biotechnology is also augmenting the market. A report by TMR Research, titled Ampoules Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” extensively covers all the vital parameters of the market, including vendor landscape and regional segmentation.
Stringent government regulatory framework and industry standards for pharmaceutical packaging are stoking the growth of the global ampoules market. Strict standards and regulations are compelling manufacturers to elevate their packaging practices such that there is no compromise in terms of efficacy and quality of drugs. The spiraling demand for safer transportation of reactive liquids is also providing a significant push to the global market. Besides this, the increasing usage of ampoules in the food and beverage industry is working in favor of the global market.
On the flip side, dumping of ampoules still remains a major concern among governments and pharmaceutical organizations worldwide. Plastics and glasses are non-degradable and therefore, have impact the environment negatively. The rising environmental concerns are, thus, limiting the market from realizing its utmost potential. Nevertheless, the rising incorporation of sustainable materials such as biodegradable plastics or green plastics in the manufacturing of ampoules is likely to provide a significant momentum to the market in the near future. Furthermore, market participants are increasingly focusing towards product extensions and technological innovations, which is expected to bode well for the growth of the market.
On the basis of geography, the market can be fragmented into Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. North America and Europe are anticipated to account for a substantial cumulative share in the global ampoules market. Rapid advancements in the biotechnology in these regions are augmenting the applications of ampoules. While developed countries will be major revenue contributors, developing regions will emerge as a strong contender during the review period. Asia Pacific is estimated to witness healthy growth, owing to the robust growth of the pharmaceutical and packaging industry.
Some of the key companies operating in the global market for ampoules are Truking Technology Limited, Bausch-Stroebel, Hunan China Sun Pharmaceutical Machinery Co. Ltd., Shanghai Far-East Pharmaceutical Machinery CO. Ltd., Nipro Glass, SCHOTT, Gujarat Fabricators, Essco Glass, Kishore Group, Ciron Group of Companies, James Alexander Corporation, Kapoor Glass Pvt. Ltd, A. H. Industries, Global Pharmatech, Claris Lifesciences Ltd., and Lifespan Biotech Private Ltd.