The US, Europe, & APAC to Create More than $1.5 Billion Opportunities in the Vaccine Packaging Market - Arizton

Arizton provides an in-depth market insights report on the U.S. vaccine packaging market, Europe vaccine packaging market and APAC vaccine packaging market.

Arizton provides information related to the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential.   
These reports provides a comprehensive and current market scenario of the vaccine packaging market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends.    

The US vaccine packaging market in the US to reach $1.3 Billion by 2028, growing at a CAGR of 6.99% during the forecast period.

The market in the US is witnessing significant growth due to increasing research and development (R&D) activities owing to the prevalence of various infectious diseases, the presence of leading pharmaceutical players, high investments in drug development, well-developed infrastructure, and substantial involvement of government in vaccination programs. The glass containers have witnessed the fastest gains among material type segmentation due to their external barrier properties and its highest demand in primary packaging.

Key Highlights

Based on primary packaging type, the vials packaging segment accounted for a 38.13% market share in the US vaccine packaging market and dominated the other segments due to its wide usage as an essential primary packaging element for vaccine products. 

Based on material type, the glass segment accounts for a 44.05% US vaccine packaging market share that can be attributed to its external barrier properties and its highest demand in primary packaging. 

The pharmaceutical and biotech companies accounted for the highest share of more than 46% in the US vaccine packaging market, which is owing to the rise in communicable or infectious diseases, growing ageing population, the growing demand for vaccines, innovations in vaccine development are some of the major factors driving the vaccine packaging industry. 

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Europe's Vaccine Packaging Market Set to Soar, EU5 Region to Dominate the Market

The Europe vaccine packaging market is to reach $1.4 billion in 2028, with a compound annual growth rate (CAGR) of 6.55% during 2022-2028.

The Europe is one of the fastest growing markets for vaccine packaging across the globe. In Europe, the vaccine packaging market is growing gradually due to a rise in the demand for vaccines, the targeted patient population, the presence of leading key vendors, and high investment in drug development. In 2022, the EU5 dominated the vaccine packaging market with the highest revenue share, followed by Central and Eastern Europe & Nordic countries. The Europe vaccine market has significantly improved over the last few decades because of the increased focus on R&D activities.

Key Highlights

In 2022, the EU5 dominated the vaccine packaging market with the highest revenue share of 53.76%, followed by Central and Eastern Europe with 35.37% and then Nordic countries with 10.87%.

The vaccine packaging market in Europe is witnessing significant growth due to increasing research and development (R&D) activities owing to the prevalence of various infectious diseases, leading vaccine players, well-developed infrastructure, high investments in drug development, and growing government initiatives.

Primary Packaging accounted for the highest share of more than 71% in the Europe vaccine packaging market due to attributable to growing demand for vials, ampoules, and syringes with the increasing demand for vaccines.

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APAC Vaccine Packaging Market: Robust Growth Driven by Rising Demand and Leading Players

The APAC vaccine packaging market is projected to reach $1.14 billion in 2028, with a compound annual growth rate (CAGR) of 8.73% during the study period.

APAC is one of the fastest-growing markets for vaccine packaging globally. The APAC vaccine packaging market is growing gradually due to a rise in vaccine demand and targeted patient population, the presence of leading key vendors, and high investments in drug development.

In 2022, the China vaccine packaging market was valued at $215.48 million 2022, growing at a CAGR of 8.95%. China was the largest market, followed by Japan and India. The China market witnesses growth due to a rise in non-communicable diseases, a rise in demand for vaccines, the presence of leading pharma and biotech companies, and high investments in drug development. The development of biological drugs has led to significant shifts in the pharma industry in recent years. From 2015 to 2019, the biologics market grew by 11.60% on average annually, more than twice the growth of the overall pharma industry. There is a high opportunity for eco-friendly vaccine packaging players with the increased demand for eco-friendly packaging materials.

Key Highlights

In 2022, China dominated the vaccine packaging market with the highest revenue share of 30.98%, followed by Japan at 26.03% and India at 22.73%.

The vaccine packaging market in APAC is witnessing significant growth due to increasing research and development (R&D) activities due to the prevalence of various infectious diseases, leading vaccine players, well-developed infrastructure, high investments in drug development, and growing government initiatives.

Primary Packaging accounted for the highest share of more than 71% in the APAC vaccine packaging market due to growing demand for vials, ampoules, and syringes with the increasing demand for vaccines.

Based on primary packaging type, the vials packaging segment accounted for a 38.07% market share in the APAC vaccine packaging market and dominated the other segments due to its wide usage as an essential primary packaging element for vaccine products.

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U.S. Vaccine Packaging Market - Focused Insights 2023-2028
https://www.focusreports.store/report/united-states-Vaccine-Packaging-Market-Focused-Insights

Europe Vaccine Packaging Market - Focused Insights 2023-2028
https://www.focusreports.store/report/europe-vaccine-packaging-market-insights

APAC Vaccine Packaging Market - Focused Insights 2023-2028
https://www.focusreports.store/report/apac-vaccine-packaging-market-insights-forecast

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