The latest published report by Polaris Market Research. The global vaccine storage & packaging market The report “Vaccine Storage & Packaging Market Share, Size, Trends, Industry Analysis Report, By Type (Storage [Storage Equipment (Refrigerator, Freezer, Others), Service (Warehouse Storage, Transportation)], Packaging [By Packaging Material (Vaccine Bags, Vials, Ampoules, Corrugated boxes, Others), By Packaging Level (Primary, Secondary, Tertiary)]; By End-Use (Retailers, Forwarding & Clearing Agents, Distributors and Others); By Regions; Segment Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global vaccine storage & packaging market was valued at USD 20.1 billion in 2019 and is expected to reach USD 43.8 billion by 2027 to grow at a CAGR of 10.4% over the forecast period (2020-2027). Vaccines are being stored in its original packaging with lids enclosed in separate containers until it is ready for administration to protect it from the light and to provide additional thermal protection. Vaccine storage equipment is the laboratory equipment utilized to maintain and preserve the life of vaccines in the desired condition. It also helps to prevent vaccines from degradation.
Recent developments in the market include the launch of Solar Vaccine Refrigerator (SDD refrigerators) and Radio Frequency Identification (RFID) Refrigerators. The advanced refrigerators & freezers help in temperature regulation along with the preservation of vaccines.
List of Key Players of Vaccine Storage & Packaging:
- American Biotech Supply
- Arctiko A/S
- Cardinal Logistics
- DB Schenker
- Lineage Logistics
- Panasonic Healthcare Co., Ltd.
- Sentry BioPharma Services
- Thermo Fischer Scientific
Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Also, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.
In June 2020, Moderna, Inc., a clinical stage biotechnology company has announced a partnership for the large-scale, manufacturing of the Moderna’s mRNA-based COVID-19 vaccine (mRNA-1273) at Catalent’s biologics research center in Bloomington, Indiana. As per the agreement, Catalent will offer a vial filling & packaging capacity, alongwith the staff requirements for the 24×7 manufacturing operations at the site to assists in development of an initial 100 million doses of the vaccine to supply at the U.S. market by Q3 of 2020.
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Regional Insights and Trend Analysis:
North America is generating significant revenue for the vaccine storage & packaging market owing to increased R&D activities to develop vaccines and a surge in investments by public-private institutions. Europe emerged as the fastest-growing region on account of a rising number of pharma retailers and technological advancements in the storage & packaging process. Additionally, growing awareness regarding prevention and early detection of diseases has augmented the demand for preventive vaccines, boosting the regional market. Governments of major developing countries in the Asia Pacific region have initiated several programs for eradicating infectious diseases. As part of such immunization programs, institutions procure vaccines in a large amount, which in turn, responsible for a rise in demand for reliable storage for vaccines, further driving market growth in the region.
Table of Contents
Vaccine Storage and Packaging Market Insights
Vaccine Storage & Packaging Function Type Outlook (Revenue – USD Million, 2016 – 2027)
- Storage equipment
- Warehouse storage
- Storage equipment
- By Packaging Material
- Vaccine bags, vials, ampoules
- Corrugated boxes
- By Packaging Level
- By Packaging Material
Vaccine Storage & Packaging End User Outlook (Revenue – USD Million, 2016 – 2027)
- Forwarding & Clearing Agents
Vaccine Storage & Packaging Regional Outlook (Revenue – USD Million, 2016 – 2027)
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- MEA (Saudi Arabia, UAE, Israel, South Africa)
List of Tables
Table 1 Global Vaccine Storage and Packaging Market, By Function, 2016 – 2027 (USD Million)
Table 2 Global Vaccine Storage and Packaging Market, By End Use, 2016 – 2027 (USD Million)
Table 3 Vaccine Storage and Packaging Market Assessment, By Geography, 2016 – 2027 (USD Million)
List of Figures
Figure 1 Market Highlights (2019, Revenue)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
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