Vaccine Storage and Packaging Market Size by Reach Revenues of 5,661.25 Million by 2026 - Arizton

CHICAGO, Oct. 13, 2021 /PRNewswire/ -- 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 8.12% during the period 2020−2026.

Key Highlights Offered in the Report:  

1.  Factors such as the prevalence of infectious diseases, increased manufacturing of vaccines, outbreak of COVID-19, and growing acceptance of immunization are contributing to the growth of the vaccine storage and packaging market.

2.  Improved cold chain infrastructure and improvements in the vaccine packaging material such as usage of BFS technology are providing immense opportunities to the pharma and biotech companies to enhance their quality of vaccine delivery.

3.  The increasing government initiatives to promote immunization programs is propelling the growth of the market in the Europe and the region dominated the highest revenue share of around 34.24% in 2020.

4.  The outbreak of COVID-19 acted as a catalyst for the global vaccine storage and packaging market as the demand for vaccines increased and consequently the demand for vaccine freezers, vials, ampoules etc., also increased.

5.  As the market is concentrated, vendors are aiming to implement various strategies to maintain a competitive edge. There are only limited players including   Gerresheimer, Panasonic Healthcare, Schott, Thermo Fisher Scientific, Stevanato, and Arctiko who are occupying the major share in 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-users, and geography
• Competitive Landscape – 6 key vendors and 23 other vendors

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Vaccine Storage and Packaging Market – Segmentation

• In 2020, the vaccine packaging segment accounted for a revenue share of 68.86% in the global vaccine storage & packaging market. In general, the term packaging means the bottling or wrapping of products to eliminate the risk of damage and keep them safe during their storage and transportation.
• In 2020, the pharma & biotech companies segment accounted for a revenue share of 38.22% in the global vaccine storage & packaging market. Pharmaceutical refrigerators and freezers comprise a lot of other applications. Although the selected refrigerator includes a freezer compartment, the CDC strongly discourages the use of combination refrigerator-freezers for any type of vaccine storage.
• The pipeline portfolio of companies is strong for diseases such as HIV/AIDS, Malaria, and pneumococcal infections. The correct preservation of drugs, vaccines, serum, blood, tissues, transplanted organs, and many other items is necessary to guarantee the best conditions for treatment and prevention activities in the field of medicine.

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 – Dynamics

The pharmaceutical supply chain has logistics, manufacturers, and patients forming a triangle. It has the logistics organization on the top of moving products, and then packaging providers contribute to keeping the products safe for the supply chain, which is then followed by monitoring companies that confirm to deliver the products, maintaining the right temperature of the packages or storge container. Companies are now using different data and digitalization to improve their process and respond swiftly. The supply chain optimization helps in risk reduction in real-time, as one can view shipments in a while and identify the potential risk, thus preventing several supply chain concerns. Packaging companies utilize data to generate the right packaging and shipping design for a specific supply chain so that costs can be reduced throughout the process. The additional data gathered in the packaging world can be used in driving action, allowing users to track their assets.

Key Drivers and Trends fueling Market Growth:

• Improvement in the Quality of Packaging Material
• Strong Portfolio of Key Companies for COVID-19 Vaccine
• Prevalence of Infectious Diseases and Immunology Disorders
• Growing Government Initiatives to Promote Immunization & its Awareness

Vaccine Storage and Packaging Market – Geography

North America accounted for a share of 31.18% in the global vaccine storage & packaging market in 2020. After the invention of the smallpox vaccine, the vaccines have greatly eliminated the prevalence of diseases everywhere in the world. Immunological diseases affect about 5% of individuals in developed countries like the US, Canada, the UK, Italy, etc. Although the occurrence of most autoimmune diseases is quite low, their individual incidence has significantly heightened over the past few years, as recorded for type 1 diabetes and multiple sclerosis. Several immunological disorders arise in individuals in age groups that are often selected as targets for vaccination programs. The US supports many public agencies and programs that are involved in vaccine-related activities.

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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

Major 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 

Explore our healthcare & lifesciences profile to know more about the industry.

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SOURCE Arizton Advisory & Intelligence