Vaccine Packaging Market : Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2030

Advances in vaccination, primarily in developed countries, continue to encourage public and private awareness of its benefits, access to vaccines, and the use of vaccines as an important part of health and preventive care. It has been promoted by the effort. The vaccine packaging market will exceed US $ 1.15 billion in 2021.

Developing regions are also beginning to take the initiative in public immunization programs that are regularly arranged by government agencies. This is primarily due to the rapid increase in various forms of viral disease by consumers and regulators, including dengue fever, H1N1, hepatitis A, and recent coronaviruses.

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Gerresheimer AG, West Pharmaceutical Services, Inc., Becton, Dickinson & Company, SCHOTT AG, SGD SA, Catalent, Inc, Stevanato Group, Nipro Corporation, Pilamar Glass Private Limited, and UDG Healthcare plc. Estimated as a prominent player in the vaccine packaging market. Tier 3 players on the market account for 70-80% of the global vaccine packaging market. In conclusion, major players account for almost 20-30% of global demand.

Vials and prefilled syringes are two of the most common forms of vaccine packages commonly preferred in clinical research and diagnostic centers. The convenient use and affordability of packages with availability of glass and plastic materials is driving the global vaccine package market. Vials have been identified as the most prominently used package type, followed by prefilled syringes. Vial segment is projected to approximately 4/5 retain the 2021 the market share of the end of the year.

Impact of COVID-19 on the vaccine packaging market:
Since COVID-19, the global vaccine packaging market is expected to grow tremendously. This is due to the increased consumption of vaccines among consumers in COVID-19 to reduce the effects of viral infections and maintain good health. The vaccine packaging market is estimated to grow at double-digit growth rates as demand for vaccines grows exponentially in diagnostic centers, hospitals and other medical institutions. Global adoption of vaccine packages will surge in value by nearly 3.5 times between 2020 and 2030, according to FMI analysis.

Key segment-

Packaging type:
Vial
Prefilled syringe
ampoule
Bag and pouch

material:
plastic
Glass
polystyrene
Others (metal film)

End use:
Diagnostic Center
Clinical research institute
Other healthcare units

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Vaccine packaging sales estimated touch double-digit growth during the forecast period, according to FMI analysis :
According to FMI, global vaccine sales were US $ 35 billion in 2015, but will increase to more than US $ 60 billion in 2020. Recently, there has been an increasing demand for vaccine packaging formats such as vials and prefilled syringes . Especially for polio, cancer, and the recent Covid-19 global vaccination program. The market is expected to grow in a pandemic due to growing demand for vaccine packaging solutions .

Sustainability associated with vaccine packaging that enables growth :
Packaging sustainability is attracting attention as an area of ​​dialogue and coordination between states, industries, universities and regulators. Product advancement and content production are essential to improving the natural, social and economic resilience of packaging. Glass vials dominate the entire vaccine packaging market because they do not react with the contents and can be administered multiple times in a single pack. In addition, as plastic ampoules to reduce the potential for contamination, consumption of such products is expected to increase in multiples over the next few years. However, in terms of sustainability benefits, prefilled syringes take over the vials.

How is the global vaccine packaging market evolving?
Given global vaccine consumption, research and development (R & D) initiatives have steadily increased over the last three decades. The number of CASs in Category A of vaccine-related matters registered with the American Chemical Society is gradually increasing, and the volume of patent applications is also increasing. By the end of 2017, more than 148,000 patent applications had been released. increase. The vaccine market shows great commercial expectations. Research results are rising so strongly around the world.

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Important questions answered in the report :
Which is the most profitable market for vaccine packaging?
Europe is currently leading the global market for vaccine packaging. European sales in the region is expected to be at less than 1/4 th of the total demand in 2021 in Europe, it is expected that a very high demand from Germany.

Which is the best-selling vaccine packaging type?
Vials are the most preferred vaccine package on the market. Demand for vials is expected to increase during the forecast period due to the high dose per vial volume and the inability to react with the contents.

Which end users are in high demand for vaccine packaging?
According to FMI analysis, diagnostic centers are expected to increase sales in the vaccine packaging market. This is expected to be the result of increased demand for vaccines from diagnostic centers, especially for the current coronavirus vaccination program.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.