The vials and ampoules market is anticipated to grow at a CAGR of 8% during the forecast period (2022-2028). The growing pharmaceutical sector, rising healthcare costs, and expanding geographical presence of vial and ampoules manufacturers are some of the drivers driving the market’s growth.
Furthermore, the rising spending on healthcare in developing countries, such as India and China, is also contributing to the growth to the market. For instance, as per the IBEF, India is the largest provider of generic drugs globally and is known for its affordable vaccines and generic medications. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K.
Thus, as developing nations across the world focuses on offering world class manufacturing excellence, robust infrastructure, cost-competitiveness, the market for vials and ampoules is expected to witness significant growth during the forecast period across end-use industries.
The key players with a considerable market share in the global market include Schott AG, Gerresheimer AG, SGD SA, Nuova Ompi SRL (Stevanato Group), NIPRO Corporation, Piramida d.o.o., Corning Incorporated, Crestani srl, Pacific Vials Manufacturing Inc., and Borosil Ltd.
Insights Presented in the Report
“Amongst product, vials held a prominent share in the market in 2020”
Based on product, the market is categorized into vials and ampoules. In 2020, vials category accounted for a significant share in the market. This can be majorly attributed to the growing demand for packaging containers, such as vials, among pharmaceutical and biotech companies around the world. Furthermore, growing geriatric population and age-related ailments has increased the demand for high-quality drugs, including biologics,, which is further fueling the growth in market.
“Amongst end-use, pharmaceutical to retain its dominance during the forecast period”
Based on end-use, the market is categorized into pharmaceutical, food & beverage, chemical, and personal care & cosmetics. In 2020, pharmaceutical end-use industry accounted for majority share in the market. Vials and ampoules can be extensively seen on the shelves of chemistry-based or pharmaceutical laboratories. Both types of vessels are essential for the preservation and storage of liquids, pharmaceutical fluids, capsules, and other similar contents, usually for pharmaceutical uses. Furthermore, stringent regulations related to storing vaccines and other pharmaceuticals is further expected to drive the market.
“Amongst material, glass category to witness significant growth during 2022-2028”
Based on material, the market is categorized into glass and plastic. The glass segment dominated the market in 2020. Glass is the most extensively used material for the manufacturing of vials and ampoules owing to its properties such as being inert and reusable. Due to its inert nature, it can store highly corrosive and chemically unstable compounds. Moreover, glass can store products for the long term compared to plastics. It is also approved by FDA as GRAS.
“Asia-Pacific is expected to retain its position during the forecast period”
For a understanding of the market adoption of vials and ampoules, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The large and growing base of end-use industries of the Asia-Pacific region along with the presence of international and local manufacturers are two of the key attributable factors for the growth of the market. Furthermore, growing various government initiatives and support for the development of the healthcare and pharmaceutical industry in the region is fueling market growth. According to India Brand Equity Foundation (IBEF), India is the largest provider of generic medicines in the world. India stood at 3rd position in terms of pharmaceutical production by volume. The country supply more than 50% of the global demand for various vaccines, 25% of all medicines in the U.K., and 40% generic medicines in the U.S.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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Table of Contents
Research Methodology for Global Vials and Ampoules Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of vials and ampoules, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the vials and ampoules industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of vials and ampoules through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the vials and ampoules market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by product, material, and end-use. Further regional and country-level analyses were conducted to evaluate the overall adoption of Vials and ampoules globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of vials and ampoules. Further, we conducted factor analysis using dependent and independent variables such as the rising construction activities and large and growing end-use industries. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the vials and ampoules industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Vials and ampoules market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of vials and ampoules across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the vials and ampoules market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global vials and ampoules market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of product, material, and end-use.
The main objective of the vials and ampoules market study
The current & future market trends of global vials and ampoules were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of vials and ampoules in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include the area of the product, material, and end-use
- Defined analysis of the regulatory framework for the vials and ampoules industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of vials and ampoules for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the vials and ampoules market players and the growth strategies adopted by them to sustain the growing market
- Deep dive country-level analysis of the industry
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