Cold Storage Market Size, Share & Trends Analysis Report By Storage Type (Facilities/Services, Equipment), By Temperature Range (Chilled, Frozen), By Application (Food & Beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2025 - 2030
Cold Storage Market Size, Share & Trends Analysis Report By Storage Type (Facilities/Services, Equipment), By Temperature Range (Chilled, Frozen), By Application (Food & Beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2025 - 2030
COVID-19 Vaccine Packaging And Delivery Devices Market Growth & Trends
The global COVID-19 vaccine packaging and delivery devices market size is expected to reach USD 3.73 billion by 2030, registering a CAGR of 1.4% from 2025 to 2030, as per the new report by Grand View Research, Inc. High demand for immunization for the ongoing pandemic and manufacturer's initiatives to expand their production capacities are the factors expected to boost the demand for packaging materials.
The hurtling vaccine inoculation rate and growing public trust in COVID-19 vaccines are anticipated to fuel the growth of the market. According to the global attitude towards the COVID-19 vaccine survey, the share of people going for immunization has increased significantly in 2021. The increasing public willingness to get vaccinated early is expected to drive the manufacturing and distribution process, propelling market growth over the forecast period.
The increasing funding and investments in R&D activities specific to the development of an innovative vaccine, packaging material, and delivery devices are anticipated to fuel the growth of the market during the forecast period. For instance, the federal government of the U.S. invested USD 143 million to develop plastic alternatives to conventional glass vials for the storage of biological liquids.
Scientists around the world are investigating the scope of needles free delivery that would eliminate the need for vials and syringes hindering the market growth in the extended run. For instance, scientists at the University of Texas developed a film-based peelable inexpensive COVID-19 vaccine delivery device. On the other side, Bharath Biotech develops an innovative nasal vaccine to battle COVID-19.
COVID-19 Vaccine Packaging And Delivery Devices Market Report Highlights
The syringes segment led the market with the largest revenue share of 62.04% in 2024 and is anticipated to register at the fastest CAGR over the forecast period.
Vials are typically made of plastic or glass, with glass being preferred for COVID-19 vaccine storage due to its chemical stability.
The COVID-19 vaccine packaging and delivery devices market in North America is anticipated to grow at the fastest CAGR during the forecast period.
Asia Pacific dominated the COVID-19 vaccine packaging and delivery devices market with the largest revenue share of 33.39% in 2024, driven by the region's large-scale vaccination campaigns.
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