Global COVID-19 Vaccine Packaging Market, By Product (Vials and Syringes), Type (Storage and Packaging), Packaging (Insulated Shippers, Insulated Containers and Refrigerants), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global COVID-19 Vaccine Packaging Market
The COVID-19 vaccine packaging market is expected to witness market growth at a rate of 14.0% in the forecast period of 2021 to 2028 and is expected to reach USD 2,500.0 million by 2028. Data Bridge Market Research report on COVID-19 vaccine packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for effective vaccines to contain COVID-19 is escalating the growth of COVID-19 vaccine packaging market.
The vaccine packaging is referred to the various laboratory equipment and devices that are commonly used for storing, preserving and transporting vaccines. Model labels for vials and packaging have factually been prepared by the World Health Organization (WHO) for several vaccines to offer guidance to manufacturers on the advised format. In turn to unite the labelling necessities for vaccines that will be supplied through the COVAX facility, WHO has industrialised a working position for vial and carton label requirements.
Major factors that are expected to boost the growth of the COVID-19 vaccine packaging market in the forecast period are the rise in the research and development of COVID-19 vaccine. Furthermore, the growing initiative taken by the government for immunization program and storage of vaccines is further anticipated to propel the growth of the COVID-19 vaccine packaging market. Moreover, the rise in the need immunization for the constant pandemic and manufacturer's initiatives to expand their production capacities which is further estimated to cushion the growth of the COVID-19 vaccine packaging market. On the other hand, the rise in the price of primary packaging design and development is further projected to impede the growth of the COVID-19 vaccine packaging market in the timeline period.
- In addition, the rise in the public willingness to get vaccinated early will further provide potential opportunities for the growth of the COVID-19 vaccine packaging market in the coming years. However, the issues regarding to the safeguarding against the counterfeit products of vaccine might further challenge the growth of the COVID-19 vaccine packaging market in the near future.
This COVID-19 vaccine packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on COVID-19 vaccine packaging market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global COVID-19 Vaccine Packaging Market Scope and Market Size
The COVID-19 vaccine packaging market is segmented on the basis of product and packaging. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the COVID-19 vaccine packaging market is segmented into vials and syringes. Vials is further sub segmented into glass and plastic. Syringes is further sub segmented into empty and prefilled.
- On the basis of type, the COVID-19 vaccine packaging market is segmented into storage and packaging.
- On the basis of packaging, the COVID-19 vaccine packaging market is segmented into insulated shippers, insulated containers and refrigerants.
COVID-19 Vaccine Packaging Market Country Level Analysis
The COVID-19 vaccine packaging market is analyzed, and market size, volume information is provided by country, product and packaging as referenced above.
The countries covered in the COVID-19 vaccine packaging market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the COVID-19 vaccine packaging market due to the 8.1% of the population has been fully vaccinated. Furthermore, the occurrence of several initiatives taken by the government such as Operation Wrap Speed (OWS), Biomedical Advanced Research and Development Authority (BARDA), and Defense Production Act (DPA) will further boost the growth of the COVID-19 vaccine packaging market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the COVID-19 vaccine packaging market due to being the largest manufacturers for COVID-19 vaccine packaging and delivery device. Moreover, the vial manufactures are punctually increasing their manufacturing capacity to make larger revenue which is further anticipated to propel the growth of the COVID-19 vaccine packaging market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and COVID-19 Vaccine Packaging Market Share Analysis
The COVID-19 vaccine packaging market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the COVID-19 vaccine packaging market.
The major players covered in the COVID-19 vaccine packaging market report are BD, B. Braun Melsungen AG, Hindustan Syringes & Medical Devices Ltd, Terumo Corporation, Nipro, SCHOTT AG, Gerresheimer AG, Cardinal Health., Ds Smith, Cryopak A TCP Company, Cold Chain Technologies, Sonoco Products Company, APEX Packaging Corporation, Tata Motors Ltd, Deutsche Post AG and Biotempak S de RI de CV among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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