The Europe Vaccine Packaging Market to Reach $1.48 Billion by 2028 - Exclusive Focus Insight Report by Arizton

Arizton publishes latest focus insight report, the Europe vaccine packaging market is growing at a CAGR of 6.55% during the forecast period.

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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 a significant growth due to increasing research and development (R&D) activities owing to the prevalence of various infectious diseases, presence of 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. Based on primary packaging type, the vials packaging segment accounted for a 38.18% market share in the Europe vaccine packaging market and dominated the other segments due to its wide usage as an essential primary packaging element for vaccine products.

The pharmaceutical and biotech companies accounted for highest share of more than 46% in the Europe vaccine packaging market which is owing to 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.

Vendors
SCHOTT
Gerresheime
Stevanato
SGD Pharma
Amcor
WestRock
Aptar Group
Panasonic Health Corporation (PHCbi)
Corning International
Catalent
Becton, Dickinson and Company (BD)
Cognex
Airnov
Bilcare
DHL
Borosil
CCL
Drug Plastics Group
DWK Life Sciences
LOG
Eppendorf
RENOLIT
Qorpak
Nipro PharmaPackaging
Medical Packaging Inc., LLC (MPI)

PRODUCT SEGMENTATION & FORECAST
Packaging level (Primary, Secondary, & Tertiary)
Packaging type (Vials, Ampoules, Syringes, & Others)
Material type: (Glass, Plastic, & Others)
End-user type: (Pharmaceuticals & Biotech Companies, Healthcare Facilities & Others)

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This release was published on openPR.