Latin America Pharmaceutical Cartridges Market Size & Outlook

The pharmaceutical cartridges market in Latin America is expected to reach a projected revenue of US$ 427.7 million by 2030. A compound annual growth rate of 8.8% is expected of Latin America pharmaceutical cartridges market from 2024 to 2030.
Revenue, 2023 (US$M)
$237.6
Forecast, 2030 (US$M)
$427.7
CAGR, 2024 - 2030
8.8%
Report Coverage
Latin America

Latin America pharmaceutical cartridges market, 2018-2030 (US$M)

Latin

Latin America pharmaceutical cartridges market highlights

  • The Latin America pharmaceutical cartridges market generated a revenue of USD 237.6 million in 2023.
  • The market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
  • In terms of segment, glass cartridges was the largest revenue generating material type in 2023.
  • Plastic Cartridges is the most lucrative material type segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 237.6 million
Market revenue in 2030USD 427.7 million
Growth rate8.8% (CAGR from 2023 to 2030)
Largest segmentGlass cartridges
Fastest growing segmentPlastic Cartridges
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGlass Cartridges, Plastic Cartridges, Rubber
Key market players worldwideNipro Corp, Gerresheimer AG ADR, West Pharmaceutical Services Inc, Schott Pharma AG & CO KGaA, Shandong Lukang Pharmaceutical Group, AptarGroup Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 16.8% of the global pharmaceutical cartridges market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 568.2 million by 2030.

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Pharmaceutical Cartridges Market Companies

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Latin America pharmaceutical cartridges market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical cartridges market will help companies and investors design strategic landscapes.


Glass cartridges was the largest segment with a revenue share of 58.16% in 2023. Horizon Databook has segmented the Latin America pharmaceutical cartridges market based on glass cartridges, plastic cartridges, rubber covering the revenue growth of each sub-segment from 2018 to 2030.


Latin America pharmaceutical cartridges market is primarily driven by Brazil, Mexico, Argentina, and Colombia. Growing investments by market players in the region, proximity to North America, and freetrade agreements with major countries. 

Such as the U.S., Canada, Japan, & several European countries are among the factors anticipated to boost the Latin America market during the forecast period. Latin America consists of countries that have large populations, and the majority of these countries are in economic transition. 

Major investments by key market players in the emerging economy and presence of a large target population are factors expected to drive market growth.

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Target buyers of Latin America pharmaceutical cartridges market databook

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pharmaceutical cartridges market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pharmaceutical cartridges market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America pharmaceutical cartridges market size, by country, 2018-2030 (US$M)

Latin America Pharmaceutical Cartridges Market Outlook Share, 2023 & 2030 (US$M)

Latin America pharmaceutical cartridges market size, by country, 2018-2030 (US$M)

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