Market Trends of North America Ampoules Packaging Industry
The Pharmaceutical End-user Industry is Expected to Record Growth
- The growing pharmaceutical end-user industry drives the ampoule market. The introduction of injectable therapies through the development of biotechnology is driving the growth of the segment. The segment is also expected to grow due to the development of biotechnologies and their applications in the region, along with increasing demand for ampoules with advanced technologies like RFID tags to protect against potential threats and costs of drug counterfeiting.
- The increasing manufacturing and research activities are raising the demand for regulations to ensure drug safety and protection. Hence, manufacturers are collaborating with contract packagers to develop drug adherence packages that communicate dosage information through print and graphics.
- According to the IQVIA report in February 2024, North America's pharmaceutical sales are expected to reach approximately USD 992 billion by 2027, solidifying its position as the leading regional market in global pharma sales.
- Pharmaceutical sales are growing in the region and are directly contributing to the demand for packaging formats like ampoules. According to a February 2024 report by IQVIA, the United States maintained its position as the world's largest pharmaceutical market in 2023, raking in over USD 670 billion in revenue. Such trends are expected to contribute to market growth in the future.
- Furthermore, consumers are increasingly opting for unit-dose parenteral packaging instead of multi-dose alternatives. Plastic ampoules, offering fixed dosages, enable pharmaceutical companies to manage costs more effectively by minimizing drug overfill and streamlining production processes. As a result, plastic ampoules are particularly beneficial for pharmaceutical firms handling high-value medications.
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The United States Expected to Dominate the Market
- The United States stands as the leading global market for packaging, particularly in terms of glass ampoules for the pharmaceutical industry. With the US economy on a growth trajectory, consumer spending on healthcare and medicines is increasing, subsequently bolstering the demand for glass packaging solutions. Moreover, American consumers are increasingly prioritizing sustainable and environmentally friendly packaging. This shift in preference is prompting manufacturers to favor glass ampoules over their plastic counterparts.
- Consumers, legislators, customers, and the media alike are placing heightened emphasis on packaging's environmental attributes. Glass, being the primary choice, is anticipated to propel the growth of the market in the United States. A recent study by the National Retail Federation highlighted that almost 70% of consumers in both the United States and Canada value sustainability and eco-friendliness in brands.
- Many pharmaceutical companies in the United States are set to see enhanced yields from glass ampoules and the introduction of high-speed filling lines. For example, Labiana Pharmaceuticals expanded its manufacturing capabilities by launching a new range of liquid ampoules and investing in state-of-the-art equipment for in-line particle detection. Its expansion features a premium ampoule filling line from Bausch & Strobel, boasting a production capacity of 20,000 ampoules per hour. Additionally, it integrated a Pilastro RS1 final optical inspection machine, designed for in-line production with a throughput of up to 12,000 units per hour.
- The pharmaceutical industry is mainly concerned with the production of pharmaceutical drugs. These drugs diagnose, treat, cure, or prevent various diseases. The pharmaceutical industry is one of the largest in the world, with a global market value of more than USD 1.2 trillion. Top global pharmaceutical companies include Pfizer, Merck, and Johnson & Johnson (all based in the United States). As a result, the pharmaceutical industry in the United States is among the largest in the world.
- Increasing healthcare spending and the government’s capital investment in the pharmaceutical packaging market are also major drivers of market growth. According to the US Centers for Medicare and Medicaid Services (CMS), healthcare spending in the United States reached USD 4,799.3 billion in 2023, and it is projected to reach USD 7705 billion by 2032. The ampoules packaging market, driven by technological innovation, growing demand, and strategic collaborations, is well-positioned to experience growth.
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