Vaccine Storage and Packaging Market Size by Revenue to Reach USD 5.66 Billion by 2026 – Arizton

In-depth analysis and data-driven insights on the impact of COVID-19 included in this global vaccine storage and packaging market report.

The vaccine storage and packaging market is expected to grow at a CAGR of over 8% during the period 2020−2026.

Key Insights:
• The changing lifestyles of people are leading to the prevalence of infectious diseases and immunological disorders, which is consequently leading to the need for vaccine manufacturing. Hence, the demand for vaccine freezers and packaging materials is increasing in the global market.
• Improved cold chain infrastructure and improvements in the vaccine packaging material are providing immense opportunities to the pharma and biotech companies to enhance their quality of vaccine delivery, thereby, fueling the growth of the market.
• Bharat Biotech's Covaxin is the only Indian COVID-19 vaccine. It is almost double the price of Covishield and costs as much as the Pfizer vaccine. This cost also involves the cost of packing along with other factors. Thus, with the rising cost of vaccine manufacturing comes a greater demand for its storage and packaging.
• The leading global pharmaceutical glass vial manufacturers include key players such as Stevanato, Gerresheimer, DWK Life Sciences, Schott, and Corning, which have enhanced their quality and capacity due to the ongoing demand for vaccine vials, thus impacting positively the growth of the market.

Key Offerings:
• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by type, end-user, and geography
• Competitive Landscape – 6 key vendors, and 23 other vendors are profiled in the report

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Vaccine Storage and Packaging – Opportunities Assessment

Softbox has been working with the leading pharmaceutical and telecommunications organizations to establish the highest level of visibility in the cold chain with the implementation of IoT and drone technology. Softbox also turns out to be the company that created and supplied temporary storage boxes cooled by dry ice for Pfizer’s COVID-19 vaccine. With Schott, Corning and Nipro are leading the global production of tubular glass. Thus, the strong portfolio of cold storage and packaging providers for the COVID-19 vaccine will provide great opportunities, leading to the growth of the global vaccine. In 2020, the pharma industry, governments, and research institutes came together to find a vaccine for COVID-19. As of November 2020, there were 394 COVID-19 vaccines in development between the discovery phase and phase III. The global vaccine market has experienced a radical transformation in the last two years.

Vaccine Storage and Packaging Market by Type
• Vaccine Packaging
• By Product
• Vials
• Ampoules
• Corrugated boxes
• Others
• By Layer
• Primary
• Secondary
• Tertiary
• Vaccine Packaging
• Refrigerators
• Freezers
• Others
Vaccine Storage and Packaging Market by End-User
• Pharma & Biotech Companies
• Healthcare Facilities
• Others
Vaccine Storage and Packaging Market by Geography
• Europe
• Germany
• UK
• France
• Italy
• Spain
• North America
• US
• Canada
• APAC
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• South Africa

Key Drivers and Trends fueling Market Growth:
• Impact Of COVID-19 Outbreak Driving the Market Growth
• Improvement in Storage Infrastructure
• Continuous Technological Advancements in Cold Chain Facilities
• Improvement in the Quality of the Packaging Material
• Increased Production Capacity of Vaccines by Key Manufacturers
• Impact Of Growing Government Initiatives to Promote Immunization & Its Awareness

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Key Vendors
• Arctiko
• Gerresheimer
• Panasonic Healthcare
• Schott AG
• Stevanato Group
• Thermo Fisher Scientific

Other Prominent Vendors
• American Biotech Supply
• B Medical Systems
• Chongqing Zhengchuan
• Cognex
• Cole-Parmer
• Corning
• Desco Medical India
• DHL
• DWK Life Sciences
• Eppendorf
• EVERmed SRL
• FedEx
• Haier Biomedical
• Helmer Scientific
• Nipro
• Philipp Kirsch
• SGD Pharma
• SM Pack
• Softbox Systems
• Rockwell Industries
• United Parcel Service
• Vestfrost Solutions
• Qorpak

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About Arizton Advisory & Intelligence

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