Published by Coherent Market Insights
Posted on September 28, 2021
Vaccine storage & packaging systems are used for the safe transport and supply of essential vaccines to the end users. The global vaccine storage & packaging market is projected to surpass US$ 15.45 billion by the end of 2027 in terms of revenue, exhibiting a CAGR of 8.04% during the forecast period (2020 to 2027).
The COVID-19 pandemic has had a huge impact on the global economy and the vaccine for the infection is essential to retain normalcy in the global economy. In 2020, numerous countries across the world were under lockdown for extensive period of time. By the end of 2020, some countries have locked down their countries to safeguard themselves from the second wave of the infection. This situation has created enormous demand for vaccine, which in turn is driving the vaccine storage & packaging market growth at the global level.
Among region, Asia Pacific held dominant position in the global vaccine storage & packaging market in 2019, reporting 33.7% market share in terms of revenue, followed by North America and Europe.
Top Key Players in Vaccine Storage & Packaging market: Corning Incorporated, Piramal Glass Private Limited, Schott AG, Amcor, AptarGroup Inc, DHL Group, FedEx, UPS, SF Express, and World Courier
Regional Analysis For Vaccine Storage & Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Vaccine Storage & Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Packaging of vaccines is important to guard the merchandise until it reaches the top user. However, thanks to the many importance of the merchandise , numerous government policies are introduced for companies operating within the vaccine manufacturing supply chain. as an example , in September 2020, the Drugs Controller General of India (DCGI) issued a group of guidelines for pharmaceutical companies manufacturing COVID-19 vaccines in India, to take care of the security and efficacy parameters of the manufacturers. Such factors have resulted in high initial investment requirements for companies trying to enter the vaccine storage & packaging market, which is predicted to hamper growth of the vaccine storage & packaging market globally.
Key players are focusing on adoption of growth strategies such as contracts & agreements to create growth opportunities at a global level for the vaccine storage & packaging market. For instance, in May 2020, Corning Incorporated signed a multiyear agreement to supply Pfizer Inc its glass packaging products, which significantly boosted sales for Corning Incorporated in 2020.
Companies engaged in the packaging & storage of vaccines are adopting different strategies to increase their product offerings and services provided to capture a larger market share in 2021 due to high demand for COVID-19 vaccine, globally. For instance, on June 26, 2020, Schott AG completed the delivery of 2 billion vials for the delivery of COVID-19 vaccines.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Vaccine Storage & Packaging market leading manufacturers with latest trends forecast to 2027 appeared first on Gatorledger.
Vaccine storage & packaging systems are used for the safe transport and supply of essential vaccines to the end users. The global vaccine storage & packaging market is projected to surpass US$ 15.45 billion by the end of 2027 in terms of revenue, exhibiting a CAGR of 8.04% during the forecast period (2020 to 2027).
The COVID-19 pandemic has had a huge impact on the global economy and the vaccine for the infection is essential to retain normalcy in the global economy. In 2020, numerous countries across the world were under lockdown for extensive period of time. By the end of 2020, some countries have locked down their countries to safeguard themselves from the second wave of the infection. This situation has created enormous demand for vaccine, which in turn is driving the vaccine storage & packaging market growth at the global level.
Among region, Asia Pacific held dominant position in the global vaccine storage & packaging market in 2019, reporting 33.7% market share in terms of revenue, followed by North America and Europe.
Top Key Players in Vaccine Storage & Packaging market: Corning Incorporated, Piramal Glass Private Limited, Schott AG, Amcor, AptarGroup Inc, DHL Group, FedEx, UPS, SF Express, and World Courier
Regional Analysis For Vaccine Storage & Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Vaccine Storage & Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Packaging of vaccines is important to guard the merchandise until it reaches the top user. However, thanks to the many importance of the merchandise , numerous government policies are introduced for companies operating within the vaccine manufacturing supply chain. as an example , in September 2020, the Drugs Controller General of India (DCGI) issued a group of guidelines for pharmaceutical companies manufacturing COVID-19 vaccines in India, to take care of the security and efficacy parameters of the manufacturers. Such factors have resulted in high initial investment requirements for companies trying to enter the vaccine storage & packaging market, which is predicted to hamper growth of the vaccine storage & packaging market globally.
Key players are focusing on adoption of growth strategies such as contracts & agreements to create growth opportunities at a global level for the vaccine storage & packaging market. For instance, in May 2020, Corning Incorporated signed a multiyear agreement to supply Pfizer Inc its glass packaging products, which significantly boosted sales for Corning Incorporated in 2020.
Companies engaged in the packaging & storage of vaccines are adopting different strategies to increase their product offerings and services provided to capture a larger market share in 2021 due to high demand for COVID-19 vaccine, globally. For instance, on June 26, 2020, Schott AG completed the delivery of 2 billion vials for the delivery of COVID-19 vaccines.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Vaccine Storage & Packaging market leading manufacturers with latest trends forecast to 2027 appeared first on Gatorledger.
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