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%

Vaccine Storage and Packaging Market Research Report Includes Size, Share, & Trends Analysis Report by Type (Vaccine Packaging (Product (Vials, Ampoules, Corrugated Boxes, and Others) and Layer (Primary, Secondary, and Tertiary)) and Vaccine Storage (Refrigerators, Freezers, and Others)), By End-User (Pharma & Biotech Companies, Healthcare Facilities, and Others) and by Geography (Europe, North America, APAC, Latin America, Middle East & Africa) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026.

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Most Exhaustive Report

304 Pages

155 Tables

110 Charts

5 Regions

18 Countries

29 Companies

4 Market Segment

VACCINE STORAGE AND PACKAGING MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 5661.25 million (2026)
CAGR 8.12% (2021-2026)
BASE YEAR 2020
FORECAST YEAR 2021-2026
MARKET SEGMENTS By Type (Vaccine Packaging (Product (Vials, Ampoules, Corrugated Boxes, and Others) and by Layer (Primary, Secondary, and Tertiary)) and Vaccine Storage (Refrigerators, Freezers, and Others)), By End-User (Pharma & Biotech Companies, Healthcare Facilities, and Others)
GEOGRAPHIC ANALYSIS Europe, North America, APAC, Latin America, Middle East & Africa
COUNTRIES COVERED Germany, UK, France, Italy, Spain, US, Canada, China, Japan, India, South Korea, Australia, Brazil, Mexico, Argentina, Turkey, Saudi Arabia, and South Africa

VACCINE STORAGE AND PACKAGING MARKET OVERVIEW

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.

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.
  • The global vaccine packaging industry by vials is expected to reach USD 1617.56 million in 2026. Globally, more than 50 billion glass vials are manufactured and sold for various functions such as vaccines and treatments. 
  • Europe accounted for the highest share of 34.24% in the global vaccine storage & packaging market in 2020. One reason for this growth is the increased coverage of vaccination for children by the government. 
  • As the demand for vaccines increases, the vendors should focus on scaling up their manufacturing process for dry ice and glass vials. 
  • 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.

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. 
    • The global vaccine packaging market by primary level accounted for a revenue share of 45.25%. Primary packaging constitutes the first level of container for the vaccine, the vaccine vial or ampoule. With industry innovation, primary packaging is also developing and changing to meet market demand. 
    • Refrigerators run by gas or kerosene have long been considered the best option for storing vaccines in areas with intermittent electricity. A new refrigerator technology, called “solar direct-drive” (SDD), eliminates the requirement of batteries and, therefore, can resolve battery-powered vaccine refrigerator problems.
  • End-User
    • In 2020, the pharma and biotech companies segment accounted for a revenue share of 38.44%. 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: European storage and packaging of vaccine market are expected to grow with a CAGR of 7.87% by 2026. 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: North American region is projected to reach revenues of USD 1761.38 million in 2026.  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 APAC region size was valued at USD 1376.06 million in 2020. 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. 

VENDOR ANALYSIS

  • The key companies in the vaccine storage and handling market are Arctiko, Gerresheimer, Panasonic Healthcare, Schott AG, Stevanato Group, and Thermo Fisher Scientific. 
  • The intense competition in the market is mainly attributable to the various cost structure and the adoption of different technologies to deliver value-added services. 
  • 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.

The vaccine storage and packaging market report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Market Segmentation by Type

  • Vaccine Packaging
    • By Product
      • Vials
      • Ampoules
      • Corrugated boxes
      • Others
    • By Layer
      • Primary
      • Secondary
      • Tertiary
    • Vaccine Packaging
      • Refrigerators
      • Freezers
      • Others

Market Segmentation by End-User

  • Pharma & Biotech Companies
  • Healthcare Facilities
  • Others

Market 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

Frequently Asked Questions

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.
The vaccine storage & packaging market will grow with a CAGR of 8.12% in the forecast period.
The key players in the vaccine storage and packaging industry are Arctiko, Gerresheimer, Panasonic Healthcare, Schott AG, Stevanato Group, and Thermo Fisher Scientific.
The driving factors and opportunities in the vaccine storage & packaging market are the impact of the COVID-19 outbreak, continuous technological advancements in cold chain facilities, and increased production capacity of vaccines by manufacturers.
The vaccine packaging segment accounted for the largest share of 68.86% in 2020 in the vaccine storage and packaging market.
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