6 - 7 Percent
$ 2.9 Bn
$ 3.3 Bn
$ 3.3 Bn
Category Intelligence on Vials and Ampoules covers the following
The global vials and ampoules market is expected to grow at 6–7 percent CAGR in 2017–2021 to reach $12.4 billion, driven by the increasing consumption of vaccines, biopharmaceuticals, and insulin, especially in the emerging markets. Globally, the ampoules and vials supply base is consolidated with the top three suppliers holding about 60 percent of the market share.
Cost break-up for Vials and Ampoules is as follows: 0.4% utility cost, 4.1%labor & OH cost, 23% raw materials cost, 31.1% ETO sterilization cost, 41.1% fixed & indirect cost.
Top Global Suppliers of Ampoules and Vials and their respective market share as of 2017 (%) are Schott-30%, Gerresheimer-21%, Nuova Ompi-14%, Nipro-7%.
The growing consumption of parenteral packaging in the emerging markets would led the suppliers to expand their manufacturing facilities in countries, such as Thailand, China, Malaysia, India, etc., over the next five years
Over the next five years, the demand for vials and ampoules would be driven by the increasing consumption rates in emerging regions. More than 80 percent of the vials and ampoules are in glass format. COP or COC vials and syringes are emerging as the key substitute for glass containers, owing to design flexibility, lightweight, strong barrier properties, and delamination control. The global vaccine market is growing at a rate of around 10 percent and is expected to reach $53 billion by 2021. Vaccines generally use vials and ampoules packaging. Ampoules and vials on demand in emerging markets, like India, China, Brazil, Argentina, Mexico, etc.are expected to drive the need for parenteral packaging. Plastic or COC vials are expected to gradually gain penetration into the glass vials and ampoules market, owing to greater acceptance and various benefits.As the industry trends toward combined drug and device products, there will be an increased necessity to gain accreditations from different regulatory agencies.
The report provides information on the cost breakup, supplier analysis and key profiles, SWOT analysis and critical performance indicators of suppliers like SCHOTT AG, Gerresheimer, Nipro, etc. It lists out the industry drivers and constraints, key trends and innovations in the Vials and Ampoules Market and Porter’s Five Forces Analysis of the developed and emerging regions.
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