From its estimated value of US$ 1.3 Billion in 2022, the global vaccine packaging market is poised to achieve a remarkable US$ 3.5 Billion by 2030, with an impressive CAGR of 13.2% during the period from 2022 to 2030.
The US vaccine packaging market is poised to continue generating substantial revenue for manufacturers. With the United States expected to dominate over 86% of the North America vaccine packaging market, the sector exhibits a promising outlook. The target market in the U.S. is anticipated to provide significant growth potential, projected to increase by 2.7 times its current value, reaching US$ 439 million by the end of 2030. This growth can be attributed to ongoing efforts to address healthcare needs and pandemic response, leading to a sustained demand for vaccine packaging solutions.
On the other hand, the German vaccine packaging industry, known for its quality and innovation, is set to remain a revenue generator for manufacturers. Germany’s healthcare expenditure has been steadily increasing, which reflects a commitment to healthcare. The country is expected to hold over 20% of the European rigid packaging container market, offering incremental potential of US$ 113 million by 2030, marking a 2.5-fold increase from its current value. This sustained demand can be attributed to the nation’s focus on healthcare infrastructure and quality vaccine packaging.
Get our Sample Report to discover how recent industry developments, like: https://www.futuremarketinsights.com/reports/sample/rep-gb-12943
Vaccine Packaging Market: Competitive Analysis
The latest study by FMI presents a detailed view on the market players operating in the Vaccine Packaging market. With an in-depth analysis on positioning of prominent players as well the players emerging in the industry, the FMI offers a detailed SWOT analysis for the market players over the forecast period.
Key players profiled by FMI in Vaccine Packaging market includes:
- Gerresheimer AG
- West Pharmaceutical Services, Inc.
- Becton, Dickinson & Company
- SCHOTT AG
- SGD S.A.
- Catalent, Inc
- Stevanato Group
- Nipro Corporation
- Piramal Glass Private Limited
- UDG Healthcare plc
For instance,
- In January 2022, Gerresheimer is improving its capacity for glass vials at its Wertheim site as well as at two other locations in China and the United States. The company is investing in Wertheim production to increase vial capacity by 150 Mn vials per year, with plans to create 70 new jobs in the process.
- In October 2021, Becton Dickinson expands syringe production in the US. It claimed that it had decided to add production lines for safe operation injection devices at its Nebraska facility in order to increase stock of syringes as the US enters the flu vaccination period while giving patients COVID-19 jabs.
- In March 2021, SCHOTT reached a significant milestone, 1 billion COVID 19 vaccine doses in vials. The vials have been sent to organizations all around the world, with a special priority on Europe, the United States, and China. 90% of certified vaccinations utilize SCHOTT vials.
Ready to Learn About Our Approach? Explore Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12943
Vaccine Packaging Market: Segmentation
Detailed analysis covered in the FMI’s Vaccine Packaging market report has been classified into key segments and sub-segments.
Packaging Type
- Vials
- Prefilled Syringes
- Ampoules
- Bags and Pouches
Material
- Plastic
- Glass
- Polystyrene
- Others (Metallic Films)
The Impact of Vaccine Packaging on Global Healthcare
In this section, we explore the profound impact of vaccine packaging on global healthcare and its role in shaping public health outcomes.
Enhancing Vaccine Distribution in Remote Areas
Vaccine packaging innovations have the potential to improve the distribution of vaccines to remote and underserved regions, strengthening healthcare systems and protecting vulnerable populations.
Mitigating Vaccine Wastage
Vaccine wastage is a significant concern in healthcare. How can innovative packaging solutions reduce vaccine wastage and maximize the number of people immunized?
Combating Counterfeit Vaccines
Counterfeit vaccines pose a severe threat to public health. Discover how advanced packaging technologies can help in the fight against counterfeit products.
Supporting Future Vaccination Campaigns
As the world faces new health challenges, vaccine packaging will play a pivotal role in supporting future vaccination campaigns. Explore the possibilities of flexible and adaptable packaging solutions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
