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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Vaccine Storage and Packaging Market ReportSpeak directly to the analyst to clarify any post sales queries you may have.
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 following factors are likely to contribute to the growth of the vaccine storage and packaging market
- Impact of COVID-19 outbreak
- 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
VACCINE STORAGE AND PACKAGING MARKET OVERVIEW
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.
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.
The study considers a detailed scenario of the present vaccine storage and packaging market and its market dynamics for the period 2021-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
VACCINE STORAGE AND PACKAGING MARKET SEGMENTS
The vaccine storage and packaging market report has the following segments
- Type
- End-User
- Geography
VACCINE STORAGE AND PACKAGING MARKET SEGMENTATION
- Product Type
- 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.
- End-User
- 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.
Segmentation 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
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 QUESTIONS ANSWERED:
1. How big is the global vaccine storage and packaging market?
2. What is the vaccine storage & packaging market growth?
3. Who are the key players in the vaccine storage and packaging industry?
4. What are the driving factors and opportunities in the vaccine storage & packaging industry?
5. Which segment accounted for the largest share in the vaccine storage and packaging market?
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process6 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
7 Introduction
8 Market Opportunities & Trends
9 Market Growth Enablers
10 Market Restraints
11 Market Landscape
12 Type
13 Vaccine Packaging
14 Vaccine Storage
15 End-User
16 Geography
17 Europe
18 North America
19 APAC
20 Latin America
21 Middle East & Africa
22 Competitive Landscape
23 Key Company Profiles
24 OTHER PROMINENT VENDORS
25 Report Summary
26 Quantitative Summary
27 Appendix
LIST OF EXHIBITS
LIST OF TABLES
Companies Mentioned
- Arctiko
- Gerresheimer
- Panasonic Healthcare
- Schott AG
- Stevanato Group
- Thermo Fisher Scientific
- 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
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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