Latin America Ampoules Packaging Market - Growth, Trends, Forecasts (2020 - 2025)

The Latin America America Ampoules Packaging Market is segmented by Material (Glass, Plastic), and Country.

Market Snapshot

LA Ampoules Packaging Market
Study Period: 2020-2025
Base Year: 2019
CAGR: 6.5 %

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Market Overview

The Latin America Ampoules Packaging Market is expected to register a CAGR of approximately 6.5% during the forecast period (2020 - 2025). Latin America countries are working proactively towards the reduction of counterfeit medicines, vaccines, and drugs from reaching consumers. Moreover, rising geriatric population in Latin America is fostering the growth of the regional ampoules In Pharmaceutical Packaging market.

  • Although quite complicated and diverse in terms of demographic, regulatory, reimbursement, and political characteristics, the region is still considered a developing market with the market structure. This led to initiating the actions and agreements between the nations and its governments to harmonize pharmaceutical regulation. The creation of regional free trade zones is one such step taken in the region.
  • Ampoules are majorly used in the pharmaceutical industry for medicines packaging (sterile and sold in unit doses). Packaging in ampoules attract similar FDA regulatory requirements as vials and are mostly considered in the same class for regulatory purposes.
  • The market growth is also impacted by the region's countries proactively working to reduce these counterfeit medicine, vaccines, and drugs from reaching the consumers. Also, several government initiatives initiated in several countries drive immense growth in the region’s pharmaceutical sector.
  • For instance, Brazil is among the most prominent pharmaceutical markets in the region, with projections estimating it to emerge as a significant player on the global level. Brazil’s pharmaceutical business is now positioned as the sixth globally and is projected to be in the top five by 2021.
  • Due to the Covid-19 pandemic, countries in the region are increasingly focusing on developing vaccines for treating coronavirus, which is expected to increase the demand for ampoules in the pharmaceutical industry significantly. For instance, Argentina and Mexico collaborated to produce the AstraZeneca COVID-19 vaccine for most of Latin America due to an agreement, which is signed between British pharma company AstraZeneca and the biotechnology company mAbxience of the INSUD Group. The agreement also includes the transfer of technology to initially produce 150 million doses of the vaccine to supply all of Latin America except Brazil. Hence, the demand for ampoules is expected to increase in the region over the forecast period.

Scope of the report

An ampoule is a small sealed glass or plastic sealed bottle, which is used to contain and preserve a sample, usually a solid or liquid. The ampoules packaging is increasingly being used in pharmaceutical, personal care, and cosmetic industries. Ampoules packaging is mostly used to protect liquid or solution from air and contaminants.

The market study includes the study of growth opportunities and challenges of ampoules packaging in the Latin American region.

Material
Glass
Plastic
Country
Brazil
Mexico
Argentina
Colombia
Other Global Countries

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Key Market Trends

Glass Packaging is Expected to Exhibit Significant Growth

  • Glass is witnessing significant growth in the packaging industry, due to the several properties of glass, such as 100% recyclable, which makes it a desirable packaging option from the environmental point of view. Glass is one of the most desired packaging options in the ampoules packaging industry, due to the several stringent regulations regarding the quality and integrity of the drugs.
  • Additionally, the increasing demand for sterile medical packaging products from the pharmaceutical industries would further drive the growth of the market over the forecast period. In glass ampoules, medication is only in contact with glass, and the packaging is 100% tamper-proof. Therefore, over the years, these ampoules have been widely used in packaging injection drugs.
  • The significant increase in the efforts for the development of vaccines for the Covid-19 pandemic in the region is also expected to increase the demand for glass ampoules and vials packaging substantially in the region. Such trends and instances are expected to significantly boost the adoption of glass packaging for ampoules in the region.
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Brazil is Expected to Hold a Significant Share in the Market

  • Brazil is among the most prominent pharmaceutical markets in the region, with projections estimating it to emerge as a significant player on the global level. Brazil’s pharmaceutical business is now positioned as the sixth in the world and is projected to be in the top five by 2021.
  • Since ampoules are majorly used in the pharmaceutical industry, the country is expected to witness significant growth in the adoption of the ampoules packaging solutions over the forecast period. Also, glass is expected to dominate the Brazilian ampoules packaging market due to the increasing manufacture of glass packaging solutions in the country.
  • According to a study by the Instituto Brasileiro de Geografia e Estatística, the revenue of the industrial manufacture of glass packaging in Brazil is projected to reach approximately USD 926.8 million by 2023, as compared to USD 884.82 million in 2019.
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Competitive Landscape

The competitive landscape of the Ampoules Packaging Market in Latin America is consolidated due to the presence of a few major players in the region, competing to gain the maximum market traction. The regional ampoules packaging providers are collaborating with drug manufacturers globally and regionally both, as a path towards expanding their market presence.

  • August 2020 - Fresenius Kabi is committed to donating more than 23,000 ampoules and vials of essential medicines for the treatment of COVID-19 patients in Brazil, and will continue to donate the same amount on a monthly basis at least until the end of the year.
  • April 2019 - As part of its global growth strategy, the technology group SCHOTT is investing BRL 50 million in its pharmaceutical tubing production in Rio de Janeiro in the next two years. The invest covers the latest update of the company’s perfeXion process – a 100 percent on-line inspection system, which examines every single tube – as well as implementing state-of-the-art production technology in glass-melting furnaces.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Demand for Tamper-Proof Pharmaceutical Product Packaging

      2. 4.2.2 Government Regulations and Standards

    3. 4.3 Market Restraints

      1. 4.3.1 Concerns Regarding Dumping of Used Ampoules

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Assessment of Impact of Covid-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material

      1. 5.1.1 Glass

      2. 5.1.2 Plastic

    2. 5.2 Country

      1. 5.2.1 Brazil

      2. 5.2.2 Mexico

      3. 5.2.3 Argentina

      4. 5.2.4 Colombia

      5. 5.2.5 Other Global Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Schott AG

      2. 6.1.2 Gerresheimer AG

      3. 6.1.3 Uhlmann

      4. 6.1.4 Stevanato Group

      5. 6.1.5 Wheaton Brasil Group

      6. 6.1.6 AAPL Solutions

      7. 6.1.7 SPE Industries Pvt. Ltd

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The LA Ampoules Packaging Market market is studied from 2020 - 2025.

The LA Ampoules Packaging Market is growing at a CAGR of 6.5% over the next 5 years.

Schott AG, Gerresheimer AG, Uhlmann Group, Stevanato Group, Wheaton Brasil Group (DWK Life Sciences, Inc.) are the major companies operating in LA Ampoules Packaging Market.

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