Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 134.06 Million |
| Market Size (2029) | USD 187.79 Million |
| CAGR (2024 - 2029) | 6.97 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market Analysis
The Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market size is estimated at USD 134.06 million in 2024, and is expected to reach USD 187.79 million by 2029, growing at a CAGR of 6.97% during the forecast period (2024-2029).
- The Middle East & Africa region holds immense potential for the pharmaceutical industry's growth, presenting numerous opportunities for ampoule and vial manufacturers. Additionally, regional governments bolster this sustainable growth through long-term support and investments.
- For Instance, the Dubai Industrial Strategy 2030 and Abu Dhabi Vision 2030 recognize the pharmaceutical industry as a key sub-sector. They aim for significant advancements, citing its growth prospects, export potential, and economic impact.
- Moreover, stringent laws enhancing the quality of domestically produced drugs have led to a surge in the region's use of glass for pharmaceutical packaging. The Middle East is swiftly becoming a pivotal player in this growth narrative, driven by its robust economic outlook and better medication accessibility.
- As per the Middle East Credit Rating Agency, global forecasts predict a booming pharmaceutical sector in the Middle East. This growth is largely attributed to a rising middle class and a growing elderly population. With projections showing a remarkable 165.2% increase in the pharmaceutical market from 2020 to 2030, the sector is ripe with opportunities for global investors and stakeholders.
- The post-pandemic landscape has supercharged the industry, leading to a surge in biopharmaceutical deals and hefty investments in healthcare. By 2025, the Agency forecast that the market might hit USD 2,051 billion, a 70% leap from 2020. This trajectory spells immense growth prospects for the glass ampoules and vials market in the coming years.
- Aligned with the region's long-term development strategy, there's a pronounced emphasis on locally produced and packaged medications. The Saudi Arabia strategically positions itself to serve neighboring GCC countries and North Africa. Recent years have seen a notable uptick in Saudi exports to these areas. Presently, only 30% of pharmaceutical products are produced domestically, highlighting a vast opportunity for pharmaceutical ampoules and vials manufacturers.
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market Trends
Pharmaceutical Industry Increasingly Shifts Towards Glass Ampoules Amidst Recognized Advantages
- Pharmaceuticals frequently utilize glass ampoules for packaging, ensuring their drugs are housed in secure and stable containers. Typically manufactured from Borosilicate Glass, standard-line ampoules exhibit high chemical resistance and comply with ISO 9187-1 standards. These ampoules are pivotal in globally protecting a wide spectrum of medications. This range includes anaesthetics for local and pre-operative applications, emergency medications for critical conditions such as anaphylaxis, antidotes for poisonings, anti-seizure medications, and treatments addressing cardiovascular and neurological disorders.
- In the MiddleEast and Africa, Glass ampoules are the go-to choice for packaging injectables, vaccines, and other delicate medications. Factors like population growth, disease prevalence, new drug developments, and the broadening of healthcare services shape demand for these ampoules in the pharmaceutical realm. As healthcare systems advance and novel treatments emerge, countries in the Middle East and Africa, including Morocco, South Africa, and Kenya, are poised to see a surge in glass ampoule demand.
- However, despite this growth trajectory, nations like Morocco continue to depend on imported pharmaceutical packaging, including glass ampoules, to meet their escalating domestic needs.
- Heightened environmental and sustainability concerns are reshaping glass packaging preferences in the region. A segment of companies and consumers gravitates towards eco-friendly packaging solutions, potentially swaying the demand for ampoules crafted from recyclable or biodegradable materials.
- Moreover, advancements in ampoule production, such as streamlined manufacturing processes or the advent of smart packaging technologies, can sway demand by enhancing the appeal or cost-effectiveness of ampoules.
Proliferation of Pharmaceutical Industry in Africa
- Africa, a continent historically challenged in securing equitable vaccine access and heavily reliant on foreign imports for its packaged medicines, is acutely aware of the value of a robust domestic pharmaceutical industry.
- According to a March 2023 report by the World Economic Forum, Africa's annual demand for packaged medicines stands at approximately USD 18 billion. Of this, 61% is imported, 36% is produced locally but remains untraded, and a mere 3% is exchanged through intra-African trade.
- With Africa's USD 18 billion annual demand for packaged medicines, there's significant potential for bolstering local production and enhancing intra-African trade. Given the industry's intricacies, there's a promising avenue for investments in local value chains, especially for essential items like vaccines and medical instruments, which boast high local value addition.
- Under the newly activated African Continental Free Trade Area (AfCFTA) agreement, Africa's pharmaceutical trade is poised for a substantial uplift, primarily driven by intra-African exchanges. This shift aims to reduce the continent's dependence on external economies. The AfCFTA will not only harmonize Africa's fragmented regulatory systems but also catalyze growth in the intra-African trade of medicines and pharmaceuticals. Furthermore, as local production scales up, there's a corresponding surge in demand for glass vials and ampoules in the region.
- The World Economic Forum's report, "AfCFTA: A New Era for Global Business and Investment in Africa," highlights the pharmaceutical sector as a primary beneficiary of Africa's move towards frictionless trade.
- Given the industry's inherent complexities, there's a vast horizon for investments in local value chains, spanning from packaged medicines to vaccines. The AfCFTA not only paves the way for meeting local demands domestically but also streamlines the process of surmounting production challenges swiftly. This landscape presents significant growth prospects for the market of pharmaceutical glass vials and ampoules in the region.
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Industry Overview
- The Middle East and Africa Pharmaceuticals Glass Vials and Ampoules Market is consolidated, with several major players operating in it, including Arab Pharmaceutical Glass Co., RAK Ghani Glass LLC, UAE, Borosil Limited, DWK Life Sciences, Schott AG, Stevanato Group S.P.A, and others. Companies operating in this region are focused on expanding business and keeping a strong foothold in the market through innovations, collaborations, mergers, and others.
- In Addition, Middle Eastern nations, particularly those in the Gulf Cooperation Council (GCC), are actively bolstering their pharmaceutical sectors. In Saudi Arabia, the pharmaceutical industry is pivotal in the nation's Vision 2030. The Kingdom recognizes the sector's potential, driven by robust local demand and its strategic location near MENA countries with established free trade agreements.
- Saudi Arabia aims to boost local production, pivot towards advanced products, and emerge as a leading innovator in the MENA pharmaceutical landscape. Initiatives like "Support the Procurement and Production of Generic Drugs," led by the Ministry of Health, and "Clinical Trials and Laboratories Development," spearheaded by National Guard Health Affairs, underscore this commitment.
- Driven by continuous improvements in the health sector, government investments, and ambitious initiatives, particularly in the United Arab Emirates and Saudi Arabia, the pharmaceutical industry is experiencing robust growth. This expansion opens up profitable avenues for pharmaceutical packaging manufacturers, notably those focusing on glass vials and ampoules.
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market Leaders
-
Stevanato Group S.P.A
-
DWK Life Sciences
-
Borosil Limited
-
RAK Ghani Glass LLC, UAE
-
Arab Pharmaceutical Glass Co.
*Disclaimer: Major Players sorted in no particular order
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market News
- September 2023: The Saudi-India Invest Forum took place coinciding with Mohammed bin Salman bin Abdulaziz Al Saud's state visit to India for the Leaders’ Summit of the bilateral Strategic Partnership Council. This inaugural formal investment symposium saw participation from over 500 companies spanning both nations. Discussions highlighted potential investment collaborations in sectors like healthcare and logistics. These strategies are poised to pave the way for future opportunities in the country's pharmaceutical glass vials and ampoules market.
- March 2023: Algeria commenced domestic production of insulin vials, which were previously imported. This initiative is spearheaded by the Saidal Unit located in Constantine. Constantine's production and quality control teams are now responsible for manufacturing these insulin vials. The decision to produce insulin vials was made in 2022, with a Russian partner selected as the active ingredient supplier. However, the Algerian government opted for a complete technological transfer, paving the way for entirely local production. This move bolsters Algeria's self-sufficiency in insulin production and presents lucrative opportunities for the local market of pharmaceutical glass vials and ampoules in the country.
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & 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 Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Export Import Data of Glass Ampoules for Major Economies, Trade Data, HS code: 701010
4.5 Overview on Pharmaceutical Glass Types (Type I, Type II, and Type III)
4.6 Overview on Pharmaceuticals Glass Vials and Ampoules Regulations
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growth of the Pharmaceutical Industry in the region
5.1.2 The rising trend of sustainable packaging significant growth opportunities
5.2 Market Restraints
5.2.1 Higher Carbon Footprint Glass Manufacturing hampers market growth
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Vials
6.1.2 Ampoules
6.2 By Country
6.2.1 Saudi Arabia
6.2.2 United Arab Emirates
6.2.3 South Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Arab Pharmaceutical Glass Co.
7.1.2 RAK Ghani Glass LLC, UAE
7.1.3 Borosil Limited
7.1.4 DWK Life Sciences
7.1.5 Schott AG
7.1.6 Stevanato Group S.P.A
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Industry Segmentation
The scope of the study characterizes the Middle East and Africa Pharmaceuticals Glass Vials and Ampoules Market based on the product type, including vials and ampoules used across pharmaceuticals across the region. The research also examines underlying growth drivers and significant industry vendors, all of which help to support market estimates and growth rates throughout the forecast period. The Market estimates and projections are based on the base year factors and arrived at the top-down and bottom-up approaches.
The Middle East and Africa Pharmaceuticals Glass Vials and Ampoules Market is Segmented by product type (vials and ampoules) and geography (Saudi Arabia, United Arab Emirates, South Africa, Rest of Middle East and Africa). The report offers market forecasts and market size in value (USD) for all the above segments.
| By Product Type | |
| Vials | |
| Ampoules |
| By Country | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa |
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market Research FAQs
How big is the Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market?
The Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market size is expected to reach USD 134.06 million in 2024 and grow at a CAGR of 6.97% to reach USD 187.79 million by 2029.
What is the current Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market size?
In 2024, the Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market size is expected to reach USD 134.06 million.
Who are the key players in Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market?
Stevanato Group S.P.A, DWK Life Sciences, Borosil Limited, RAK Ghani Glass LLC, UAE and Arab Pharmaceutical Glass Co. are the major companies operating in the Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market.
What years does this Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market cover, and what was the market size in 2023?
In 2023, the Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market size was estimated at USD 124.72 million. The report covers the Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East And Africa Pharmaceutical Glass Vials And Ampoules Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East And Africa Pharmaceutical Glass Vials And Ampoules Industry Report
Statistics for the 2024 Middle East And Africa Pharmaceutical Glass Vials And Ampoules market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East And Africa 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.
