Global Vials Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vials Packaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Vials are bottles or containers made of plastic or glass. It is generally used as primary or secondary packaging material to store various medicines in powder, granule, or liquid form. Highly sensitive drugs can only be stored in vials to protect them from the external environment.

Market Overview:

The latest research study on the global Vials Packaging market finds that the global Vials Packaging market reached a value of USD 6017.8 million in 2022. It’s expected that the market will achieve USD 8490.52 million by 2028, exhibiting a CAGR of 5.9% during the forecast period.

Influence of COVID-19 Outbreak on Vials Packaging Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 20 million.

Epidemics have different effects on different industries. The impact on vial packaging is mainly reflected in material supply and downstream market demand. Affected by the COVID-19 epidemic, logistics will be suspended, and the raw material supply of Vials Packaging will be tight. Some of Vials Packaging's raw materials mainly include various plastic materials including polypropylene, and glass raw materials including quartz sand, soda ash, limestone, etc. Due to the global threat of COVID-19, the resumption of factory work will directly affect customers' commodity production plans. The continuous outbreak of international epidemics will affect the stable supply of materials if the scope of personnel control in various countries is expanded.

Market Challenges

Internationally, regulatory agencies in various countries generally attach great importance to the supervision of packaging use and have strong supervision. For example, the US Food and Drug Administration (FDA) stipulates that when evaluating a drug, It is determined that the packaging used for this drug can maintain its efficacy, purity, consistency, concentration and quality throughout the use period. In the US government food, drug and cosmetics regulations, although there are regulations or standards for containers or container stoppers, the regulations stipulate that the manufacturer has the responsibility to prove the safety of the packaging material. It must be used before packaging any food or medicine. Approval. Before the drug is marketed, any container used for the drug must be approved together with the drug. The pharmaceutical factory should list the data of the container and the part of the packaging that contact the drug in the New Drug Application (NDA). If the FDA can determine that the drug is safe and effective and the packaging is appropriate, the FDA can approve the drug and packaging. Once approved, the packaging shall not be changed under any circumstances until the FDA approval is obtained again. The EU's Packaging and Packaging Waste Directive clearly states that the purpose of legislation is to prevent the formation of packaging waste and improve the recycling rate of packaging products. It clarifies and regulates the definition and types of packaging legally, and it is important to the behavior of producers and operators. The requirements are put forward to ensure the rational use of packaging resources. At present, the EU's overall requirements for food packaging have shifted to environmental protection, requiring food packaging to pay attention to environmental protection, safety and conservation, and packaging such as green dot mark, reusable, renewable and contains recycled materials The labeling regulations require that food packaging wastes must not cause environmental pollution. As countries tighten and standardize the regulatory system for this industry, this will place higher demands on manufacturers.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Gerresheimer is one of the major players operating in the Vials Packaging market, holding a share of 9.80% in 2020.
Gerresheimer AG develops and produces specialty products made of glass and plastic. The Company produces containers for a variety of substances and medicines.
SCHOTT AG manufactures glass products. The Company offers products such as glass ceramic cooktops, solar power modules, glass metal enclosures, color filters, and syringers. SCHOTT serves household appliance, solar power, pharmaceuticals, electronics, optics, transportation, and architecture industries.

Segmentation Overview:

Among different product types, Glass segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Medical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Vials Packaging market covered in Chapter 3:

Bormioli
Shandong Pharmaceutical Glass
Kishore Group
Pacific Vials
Schott
Agilent Technologies
SGD Pharma
Piramal
Thermo Fisher
Nipro
Corning
DWK Life Sciences
Gerresheimer
Chongqing Zhengchuan Pharmaceutical Packaging
Hindusthan National Glass & Industries

In Chapter 4 and Chapter 14.2, on the basis of types, the Vials Packaging market from 2018 to 2029 is primarily split into:

Glass
Plastic
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vials Packaging market from 2018 to 2029 covers:

Medical
Consumer Goods
Laboratory
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)