Latin America Pharmaceutical Glass Vials And Ampoules Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 247.58 Million |
| Market Size (2029) | USD 396.01 Million |
| CAGR (2024 - 2029) | 8.06 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Pharmaceutical Glass Vials And Ampoules Market Analysis
The Latin America Pharmaceutical Glass Vials And Ampoules Market size is estimated at USD 247.58 million in 2024, and is expected to reach USD 396.01 million by 2029, growing at a CAGR of 8.06% during the forecast period (2024-2029).
In the pharmaceutical industry, glass vials and ampoules play a pivotal role in primary packaging needs. They provide a chemically stable and inert packaging solution, ensuring the integrity of sensitive medications. Their moisture barrier properties protect these medications from contamination and degradation, fueling the market’s growth.
•For the pharmaceutical industry, enhancing access to innovative medicines in Latin America stands as a top priority. Data from the International Trade Administration reveals that Brazil, the region's largest healthcare market, allocates 9.47% of its GDP, equating to a substantial USD 161 billion in healthcare expenditures, fueling notable market growth.
•The COVID-19 pandemic underscored the critical role of glass packaging, especially for vaccine distribution, leading to a pronounced uptick in vial demand. As reported by the Brazilian Ministry of Health, over 37.8 million Brazilians contracted COVID-19, with 98% of adults receiving at least their first vaccine dose and 86% being fully vaccinated, further driving market expansion.
•In response to this surging demand, glass vial and ampoule manufacturers, such as Gerresheimer AG, ramped up their production capabilities in the region. For example, in November 2023, Gerresheimer AG, hailing from Germany, broke ground on an expansion at its Querétaro, Mexico facility. This new production line is set to bolster the company's output of syringes, vials, and ampoules, primarily targeting the North American market.
•Yet, challenges loom. Glass, being heavier than plastic, incurs steeper production and shipping costs. This weightiness not only amplifies transportation expenses within the supply chain but also heightens the risk of breakage during transit, potentially dampening product demand across Latin America.
Latin America Pharmaceutical Glass Vials And Ampoules Market Trends
The Vials Segment is Estimated to Have the Largest Market Share
- • Glass vials, typically shaped like tubes with flat bottoms, are essential for storing medicines and laboratory samples. In Latin American countries, including Brazil, Mexico, and Argentina, the pharmaceutical sector's specific storage and handling requirements drive the demand for vials with various caps.
- Glass vials are increasingly favored for their chemical resistance, which protects liquid drug formulas during storage and transportation. The availability of pre-sterilized and pre-washed vials in secondary packaging adds convenience, further fueling the market’s growth in the region's pharmaceutical sector.
- Regional manufacturers such as Gerresheimer AG, Stevanato Group, and SDG SA offer a diverse range of glass vials, spanning types I, II, and III, and sizes from 0.6 to 100 ml, specifically for the pharmaceutical industry. Moreover, these manufacturers are committed to producing custom-tailored vials to meet individual customer needs.
- Brazil's burgeoning pharmaceutical industry significantly boosts the demand for glass vials. Data from the International Trade Administration highlights Brazil's global prominence, ranking sixth in drugs and pharmaceuticals. Pharmaceutical sales surged from USD 16.38 billion in 2021 to USD 24 billion in 2023, underscoring the industry's robust growth.
Brazil is Expected to Hold High Market Share
- The Brazilian pharmaceutical industry is rapidly expanding, largely due to its aging population. Data from GMDP Academy reveals a 57% increase in the population aged 65 and above, jumping from 14.1 million in 2010 to 22.2 million in 2023. This demographic now makes up 11% of Brazil's total population, a shift likely to boost the demand for glass vials and ampoules in the nation.
- Another driving force behind Brazil's market growth is its expanding domestic manufacturing capacity for medicines and drugs. The International Trade Administration highlights Brazil's significance: it boasts the world's largest government-run public healthcare system, stands as the region's largest economy, and leads South America with an annual pharmaceutical sales figure of approximately USD 14.7 billion.
- Brazilian manufacturers, such as Nipro Corporation, are ramping up production of glass packaging products, including vials and ampoules, to meet the surging demand. These manufacturers are diversifying their offerings, providing vials and ampoules in various shapes and sizes tailored for the pharmaceutical sector.
- Brazil's increasing imports of glass ampoules, prized in the pharmaceutical sector for their durability and transparency, further fuel the market's growth. Data from the International Trade Center (ITC) indicates a rise in Brazil's import value of glass ampoules, climbing from USD 4.07 million in 2021 to USD 7.34 million in 2023. Mexico and China emerge as the primary import sources for Brazil.
Latin America Pharmaceutical Glass Vials And Ampoules Industry Overview
Key players, including Nipro Corporation, Stevanato Group, Gerresheimer AG, and SGD SA, dominate the Latin American pharmaceutical glass vials and ampoules market, competing for a larger share. These industry leaders strategically channel investments into new product development, pursue mergers and acquisitions, and expand geographically to bolster their presence in Latin America.
Latin America Pharmaceutical Glass Vials And Ampoules Market Leaders
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Gerresheimer AG
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Scott Pharma
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Stevanato Group
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Nipro Corporation
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SGD S.A.
*Disclaimer: Major Players sorted in no particular order
Latin America Pharmaceutical Glass Vials And Ampoules Market News
- May 2024: Stevanto Group, an Italian glass manufacturer with operations in Latin America, inaugurated a state-of-the-art facility in Cisterna di Latina dedicated to producing pre-sterilized vials, cartridges, and syringes. Equipped with cutting-edge production lines, the new plant is strategically positioned to address the evolving demands of Europe's expanding pharmaceutical packaging market.
- January 2024: Scott Pharma, headquartered in Germany and operations in Brazil, launched its Everic freeze vials. These vials are engineered for the ultra-cold storage of mRNA and gene therapy medications, capable of enduring temperatures plummeting to -80 degrees, thus averting glass breakage. The company is primarily concentrating on broadening its product range to cater to deep-cold storage needs.
Latin America Pharmaceutical Glass Vials And Ampoules Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Ecosystem Analysis with Emphasis on Circular Economy
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Export Import Data of Glass Ampoules, 2021-2023 - HS code: 701010
4.4.1 Overview on Pharmaceutical Glass Types
4.4.2 Overview on Pharmaceuticals Glass Vials and Ampoules Regulations
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Investment in the Pharmaceutical Sector in the Region
5.1.2 Product Innovation in the Market
5.2 Market Challenge
5.2.1 High Cost of Production and Shipment of Glass Vials and Ampoules
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Product Type
7.1.1 Vials
7.1.2 Ampoules
7.2 By Country
7.2.1 Brazil
7.2.2 Mexico
7.2.3 Colombia
7.2.4 Argentina
7.2.5 Rest of Latin America
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Scott Pharma
8.1.2 Gerresheimer AG
8.1.3 Stevanato Group
8.1.4 Nipro Corporation
8.1.5 SGD SA
8.1.6 DWK Life Sciences GmbH
8.1.7 O Berk Company LLC
- *List Not Exhaustive
8.2 Heat Map Analysis
9. RECYCLING & SUSTAINABILITY LANDSCAPE**
10. FUTURE OUTLOOK
Latin America Pharmaceutical Glass Vials And Ampoules Industry Segmentation
The scope of the study characterizes the pharmaceutical glass vials and ampoules market based on product type, including vials and ampoules. A vial is a compact container designed to hold liquid medications, serums, and various pharmaceutical compounds. An ampoule, a smaller variant, serves as a single-dose vial with a sealed neck. The research examines underlying growth influencers and significant industry vendors, all of which are expected to help support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Latin American pharmaceutical glass vial and ampoules market is segmented by product type (vials and ampoules) and country (Brazil, Mexico, Colombia, Argentina, and Rest of Latin America). The report offers market forecasts and size in value (USD) for all the above segments.
| By Product Type | |
| Vials | |
| Ampoules |
| By Country | |
| Brazil | |
| Mexico | |
| Colombia | |
| Argentina | |
| Rest of Latin America |
Latin America Pharmaceutical Glass Vials And Ampoules Market Research FAQs
How big is the Latin America Pharmaceutical Glass Vials And Ampoules Market?
The Latin America Pharmaceutical Glass Vials And Ampoules Market size is expected to reach USD 247.58 million in 2024 and grow at a CAGR of 8.06% to reach USD 396.01 million by 2029.
What is the current Latin America Pharmaceutical Glass Vials And Ampoules Market size?
In 2024, the Latin America Pharmaceutical Glass Vials And Ampoules Market size is expected to reach USD 247.58 million.
Who are the key players in Latin America Pharmaceutical Glass Vials And Ampoules Market?
Gerresheimer AG, Scott Pharma, Stevanato Group, Nipro Corporation and SGD S.A. are the major companies operating in the Latin America Pharmaceutical Glass Vials And Ampoules Market.
What years does this Latin America Pharmaceutical Glass Vials And Ampoules Market cover, and what was the market size in 2023?
In 2023, the Latin America Pharmaceutical Glass Vials And Ampoules Market size was estimated at USD 227.63 million. The report covers the Latin America Pharmaceutical Glass Vials And Ampoules Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Pharmaceutical Glass Vials And Ampoules Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Pharmaceutical Glass Vials And Ampoules Industry Report
Statistics for the 2024 Latin America Pharmaceutical Glass Vials And Ampoules market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Pharmaceutical Glass Vials And Ampoules analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
