Global Pharmaceutical Glass Ampoules Market Share Likely to Grow at a CAGR of 10.5% By 2033

As per the current market research conducted by the CMI Team, the global Pharmaceutical Glass Ampoules Market size is expected to record a CAGR of 7.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 3.93 Billion. By 2033, the valuation is anticipated to reach USD 7.31 Billion.

Pharmaceutical Glass Ampoules Market: Overview

According to industry experts at CMI, pharmaceutical glass ampoules are a type of container which are used for the manufacturing of various pharmaceutical formulations including vaccines, medicines and others. These glass ampoules have several properties such as inertness, thermal resistance, barrier properties and others making them valuable in the pharmaceutical industry.

The pharmaceutical glass ampoules market is being driven by several variables including growing chronic disease prevalence, rising drug approvals, increasing investment in making vaccines for several rare diseases, growing older population and technological advancements. However, the market is being hampered by some factors also including regulatory challenges, environmental concerns, technological limitations and changing industry preferences.

Pharmaceutical Glass Ampoules Market: Growth Factors and Dynamics

Growing prevalence of chronic disease

The increasing incidence of chronic diseases such as diabetes, heart disease, cancer, and autoimmune illnesses is very common globally. Insulin, biologics and cancer medicines are examples of injectable medicines, essential for treating these illnesses.

Due to the sensitive nature of drugs, they must be stored in a sterile, stable environment, which glass ampoules provide. Injectable forms are the most effective way to deliver many biological medications, and glass ampoules are a popular packing material to preserve drug potency and shelf life. For instance, as per the data by IARC, an estimated 20 million new cancer cases and 9.7 million deaths in 2022.

Increasing pharmaceutical production

Glass ampoules are gaining popularity as pharmaceutical production increases globally. Sterile packaging is increasingly vital as a result of expanding injectables in the pharmaceutical business. The demand for glass ampoules as reliable and reasonably priced packaging is also being fueled by the rising manufacture of generic injectable medications. As per the information provided by the Press Information Bureau, India’s pharmaceutical sector will achieve a billion-dollar figure accounting for around $100 billion by 2025.

High production cost

The higher production costs of glass ampoules as compared to other packaging materials such as plastics are one of the major obstacles to the industry expansion. High-quality raw ingredients such as silica, soda ash, and limestone are needed to manufacture glass.

The dynamic nature of these materials causes a price change. Furthermore, the strict government regulations particularly in the pharmaceutical industry for the medicine efficacy add expenses even further. Thus, impacting the industry’s growth.

Report Scope

Pharmaceutical Glass Ampoules Market: New Launches and Acquisitions

• In June 2023, at its vial manufacturing facility in Holzminden, Müller & Müller, a maker of main packaging materials made of tubular glass for the pharmaceutical industry, invested 15 million EUR. Up to 14 new production lines and a matching clean room are part of the investment.