Global ampoules packaging market to grow through 2020

According to the latest research report released by Technavio, the global ampoules packaging market is expected to grow at a CAGR of over 8% until 2020.
“Increased environmental concerns among consumers have increased the demand for sustainable packaging materials, thereby influencing the ampoule packaging market. Ampoules are made of conventional plastics, which do not decompose easily. Vendors are adopting sustainable materials to reduce the dependency on conventional plastics and adopt eco-friendly practices. The emergence of green plastics or biodegradable plastics will fuel the growth of the market during the forecast period,” says Sharan Raj, a lead industry analysts for packaging at Technavio.

“These plastics made from petrochemicals and contain biodegradable additives. They can be easily decomposed by microorganisms and produce less toxic gasses compared to conventional plastics. Increased use of materials, including polyvinyl alcohol, polyanhydrides and polylactic acid by plastic packaging manufacturers will reduce the market share of conventional plastics. Vendors in ampoules packaging are increasingly using biodegradable plastics to comply with stringent environmental regulations,” says Sharan.