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$5.66 Billion Vaccine Storage and Packaging Market - Global Outlook & Forecast 2021-2026 - ResearchAndMarkets.com

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DUBLIN, October 28, 2021--(BUSINESS WIRE)--The "Vaccine Storage and Packaging Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The Vaccine Storage and Packaging market was valued at USD 3,544.28 million in 2020 and is expected to reach USD 5,661.25 million by 2026 growing at a CAGR of 8.12%

The COVID-19 outbreak has led to intensifying demand for vaccines to fight the disease; thus, it has contributed to the growth of the global vaccine storage & packaging market. With the utilization of technology, the disruptors and innovators are reimaging the daily lives of the past few decades. The influence of technology on the cold chain logistics industry is equally intense.

Automations at the coldest temperature is an innovation that has provided ease to the vaccine storage process. The prevalence of COVID-19 has provided vast opportunities to the vaccine freezers, refrigerators, ampoules, vials, and other packaging material providers. COVID-19 has enabled the key vaccine players to partner with the key vendors in the vaccine storage equipment market.

VACCINE STORAGE AND PACKAGING MARKET SEGMENTATION

In 2020, the global vaccine packaging industry by vials accounted for a revenue share of 41.68%. The most used material for packaging vaccines is borosilicate glass vials because of their unresponsiveness nature. As the demand for vaccines increases, the vial manufacturers are also increasing their production and are implementing advancements in vaccine packaging.

The increasing use of drugs in laboratory procedures provides an excellent opportunity for pharmaceutical refrigerators and freezers to develop their markets. Research institutions will be one of the most targeted segments of the pharmaceutical refrigerator and freezer market.

GEOGRAPHICAL ANALYSIS

Europe: The rising number of vaccines manufactured, increasing acceptance and awareness among the population, increasing demand for COVID-19 vaccine, and growing government initiatives are propelling the demand for the global vaccine storage and packaging industry in Europe.

North America: With an increasing number of newborns in the region, the need for immunization is arising. The US government supports many public agencies and programs that are involved in vaccine-related activities. Each year, they spend hundreds of millions of dollars to research new and improved vaccines. These factors are propelling the market demand.

APAC: The rise in new coronavirus cases impacted patients in mid-2021 has once again highlighted the need to accelerate and expand vaccination programs in the Asia-Pacific region, which will fuel the market growth.

KEY HIGHLIGHTS

To promote the importance of immunization among people, the government is organizing vaccination camps, public conferences, and immunization programs in collaboration with several players. WHO provides knowledge and assistance to immunization programs worldwide, contributing to the market's demand throughout a rapidly evolving situation.

Technological advancements such as RFID tags, BFS technology, temperature monitoring devices, etc., are improving the penetration of the global vaccine storage and packaging industry.

Due to the emergence of COVID-19, the demand for vaccine storage equipment increased significantly. These vaccines have specific cold storage requirements that should not be too cool or too hot to maintain the vaccine's potency.

The sudden onset of covid-19 gave significant growth opportunities for manufacturers offering packaging and storage solutions for the vaccine supply chain. With the immunization process happening globally in many countries, vendors need to prioritize and manufacture products required for packaging and storage of a wide range of covid-19 vaccines to have a good and efficient supply chain between vaccine manufacturers and vaccine administrators.

VENDOR ANALYSIS

One of the key vendors, Gerresheimer, acquired Swiss technology company Sensile Medical in 2018, which has contributed to the inorganic growth in the company.

COVID-19 provided significant growth opportunities for manufacturers offering packaging and storage solutions. Vendors should prioritize and manufacture products required for the packaging of COVID-19 vaccines to have a good and efficient supply chain.

FedEx provides specialized and temperature-controlled packaging services to its healthcare logistics customers with fast, reliable, and secure deliveries.

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

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope Of The Study

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Market Opportunities & Trends

8.1 Improvement In Storage Infrastructure

8.2 Continuous Technological Advancements In Cold Chain Facilities

8.3 Improvement In The Quality Of Packaging Material

8.4 Contracts Between Pharma Manufacturers And Packaging Providers

8.5 Strong Portfolio Of Key Companies For Covid-19 Vaccine

9 Market Growth Enablers

9.1 Prevalence Of Infectious Diseases And Immunology Disorders

9.2 Increased Production Capacity Of Vaccines By Key Manufacturers

9.3 Growing Government Initiatives To Promote Immunization & Its Awareness

9.4 Outbreak Of Covid-19

10 Market Restraints

10.1 Shortage/Delayed Supply Of Vials And Dry Ice

10.2 Risk Of Product Damage Or Perishing While In Transit

10.3 Significant Capital Investment

11 Market Landscape

11.1 Market Overview

11.2 Market Size & Forecast

11.3 Five Forces Analysis

12 Type

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

13 Vaccine Packaging

13.1 Market Overview

13.2 Market Size & Forecast

13.3 Vaccine Packaging: Product Segmentation

13.3.1 Vials: Market Size & Forecast

13.3.2 Ampoules: Market Size & Forecast

13.3.3 Corrugated Boxes: Market Size & Forecast

13.3.4 Others: Market Size & Forecast

13.4 Vaccine Packaging: Layer Segmentation

13.4.1 Primary Layer: Market Size & Forecast

13.4.2 Secondary Layer: Market Size & Forecast

13.4.3 Tertiary Layer: Market Size & Forecast

13.5 Vaccine Packaging: Geography Segmentation

14 Vaccine Storage

14.1 Market Overview

14.2 Market Size & Forecast

14.3 Vaccine Storage: Product Segmentation

14.3.1 Refrigerators: Market Size & Forecast

14.3.2 Freezers: Market Size & Forecast

14.3.3 Others: Market Size & Forecast

14.4 Vaccine Storage: Geography Segmentation

15 End-User

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Pharma & Biotech Companies

15.4 Healthcare Facilities

15.5 Others

16 Geography

16.1 Market Snapshot & Growth Engine

16.2 Geographic Overview

For more information about this report visit https://www.researchandmarkets.com/r/jova8w

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005590/en/

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