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LA Ampoules Packaging Market Size (2024 - 2029)

The Latin America Ampoules Packaging Market is experiencing growth driven by efforts to combat counterfeit medicines and the increasing geriatric population in the region. Despite the complex and diverse regulatory landscape, the market is developing, with countries harmonizing pharmaceutical regulations and establishing free trade zones. The demand for ampoules is particularly influenced by the region's focus on vaccine production, such as the collaboration between Argentina and Mexico for the AstraZeneca COVID-19 vaccine. This emphasis on vaccine development is expected to significantly boost the market size of ampoules in the pharmaceutical industry over the forecast period.

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Market Size of LA Ampoules Packaging Industry

LA Ampoules Packaging Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.50 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Latin America Ampoules Packaging Market Analysis

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.

Latin America Ampoules Packaging Industry Segmentation

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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LA Ampoules Packaging Market Size Summary

The Latin America Ampoules Packaging Market is experiencing growth driven by the region's efforts to combat counterfeit medicines and the increasing geriatric population, which is boosting demand in the pharmaceutical packaging sector. The market is characterized by its complex demographic, regulatory, and political landscape, yet it remains a developing market. Initiatives such as the creation of regional free trade zones and harmonization of pharmaceutical regulations are fostering market expansion. Ampoules, primarily used for sterile medicine packaging, are subject to similar regulatory requirements as vials, ensuring their continued relevance in the industry. The COVID-19 pandemic has further accelerated demand, with countries like Argentina and Mexico collaborating on vaccine production, thereby increasing the need for ampoules.

Glass ampoules are particularly favored due to their recyclability and compliance with stringent drug quality regulations. The demand for sterile medical packaging is expected to drive market growth, with glass ampoules offering tamper-proof and high-integrity solutions for injectable drugs. Brazil stands out as a significant player in the region, with its pharmaceutical market projected to rise globally. The country's focus on glass packaging solutions is expected to dominate the market, supported by substantial investments in glass packaging manufacturing. The competitive landscape is consolidated, with major players like Schott AG and Gerresheimer AG expanding their presence through collaborations and investments in production technology.

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LA Ampoules Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Demand for Tamper-Proof Pharmaceutical Product Packaging

      2. 1.2.2 Government Regulations and Standards

    3. 1.3 Market Restraints

      1. 1.3.1 Concerns Regarding Dumping of Used Ampoules

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of Impact of Covid-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Glass

      2. 2.1.2 Plastic

    2. 2.2 Country

      1. 2.2.1 Brazil

      2. 2.2.2 Mexico

      3. 2.2.3 Argentina

      4. 2.2.4 Colombia

      5. 2.2.5 Other Global Countries

LA Ampoules Packaging Market Size FAQs

The LA Ampoules Packaging Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

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

LA Ampoules Packaging Report Snapshots

Latin America Ampoules Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)