Vials Market to Develop Rapidly by 2025
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Vials are primarily used as scientific sample vessels specifically in autosampler devices employed in the analytical chromatography process. In addition, vials are used as primary or secondary packaging material in order to store various medicines in their powder, granular or liquid form. Medications of highly sensitive nature can only be store in vials in order to protect it from the external environment.
The chromatography accessory market as well as the packaging market boosts high demand for vials in the global market. The chromatography market is a technology driven market where new technologies and end-users witness continuous and rapid change. All major companies continue to invest in order to expand its research and development team with the main aim of introducing new products and technologies in the market. The vial market was the fastest growing segment in the chromatography accessory market. The vial market is expected to continue growing even further over the next few years owing to innovations in terms of various types of materials used in the manufacturing of vials as well as designing of vials. The demand for vials is essentially driven by the increasing demand for chromatography procedures in various industries including biotechnology, life sciences, chemicals, food and beverage, pesticides and insecticides. In addition, increasing investments made by the governments in the Asia Pacific region primarily in the biochemical industry is expected to boost the vial market during the projected period.
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The key regions in the vial market include North America, Europe, Asia Pacific and Rest of the World (RoW). Major players in the North American region as well as the European region are focusing on increasing their presence in various high growth markets in the Asia pacific region. Various companies plan to expand their base in emerging countries like India, China, Taiwan, Hong Kong and Singapore. These markets offer a wide range of opportunities for growth and are expected to be high investment regions as well as new revenue pockets for the global market. High population, new technologies, increasing number of chemical laboratories, high investment in various research and development activities and favorable demographics are expected to be the key drivers for the global vial market.
The key players operating the vial industry include MeadWestvaco Corporation in the U.S., Amcor Ltd, in Australia, Schott AG located in Germany, Rexam PLC in U.K., Gerresheimer AG situated in Germany and West Pharmaceutical Services, which is located in the U.S...
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