The U.S. Vaccine Packaging Market to Be Worth $1.3 Billion by 2028- Arizton

Arizton publishes the latest research report on the U.S. vaccine packaging market which is growing at a CAGR 6.99% during 2023-2028.

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The U.S. vaccine packaging market, valued at USD 923.71 million in 2022, and is projected to reach USD 1,385.65 million by 2028.   The U.S. vaccine market has experienced significant progress over the past decades, mainly due to a heightened focus on research and development, especially for immunological disorders. With federal government funding, several public agencies and programs are involved in vaccine-related activities, including infant vaccination, which has proven to be an effective public health strategy to control and prevent diseases.

Highlights

Primary packaging is growing significantly, with the fastest CAGR of 7.15% of the U.S. vaccine packaging market during the forecast period. The growth of this segment can be attributed to the growing demand for vials, ampoules, and syringes with the increasing demand for vaccines.

Based on primary packaging type, the vials packaging segment accounted for a major market share in the U.S. vaccine packaging market. It dominated the other segments due to its wide usage as an essential primary packaging element for vaccine products. 

Based on material type, the glass segment is growing with the highest CAGR in the U.S. vaccine packaging market during the forecast period. The growth can be attributed to its external barrier properties and its highest demand in primary packaging. 

Market Drivers

Prevalence of Infectious Diseases and Immunology Disorders
The rise in the incidences of various viral infections and immunological disorders, such as COVID-19, among the population in the U.S. is one of the major factors driving the growth of the vaccine packaging market. In recent years, the rapid spread of severe infections such as SARS, Ebola, and HIV has highlighted the need for global preparedness for pandemics, which leads to extremely rapid development and extensive distribution of vaccines. This forces pharmaceutical manufacturers to speed up their vaccine manufacturing process to meet urgent demands. Hence, packaging vaccines becomes necessary from the moment they are manufactured until they are dispensed. Immunological diseases are among the leading causes of death among young and middle-aged women in the U.S.

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MARKET SEGMENTATION
• Packaging level
▪ Primary
▪ Secondary
▪ Tertiary
• Packaging type
▪ Vials
▪ Ampoules
▪ Syringes
▪ Others
• Material type
▪ Glass
▪ Plastic
▪ Others
• End-user type
▪ Pharmaceuticals & Biotech Companies
▪ Healthcare Facilities
▪ Others

Vendors List
Key Vendors
• SCHOTT Pharma
• Gerresheimers AG
• Stevanato Group
• SGD Pharma
• WestRock Pharma
• Amcor
• Aptar Group
• Corning International
• Catalent
• Becton, Dickinson and Company (B.D.)
• Panasonic Health Corporation
Other Prominent Vendors
• Cognex
• Airnov
• Bilcare Research
• DHL
• Borosil
• CCL
• Drug Plastics Group
• DWK Life Sciences
• LOG
• Eppendorf
• Renolit
• Qorpak
• Nipro
• Medical Packaging LLC

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This release was published on openPR.