Vaccine Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Vaccine Packaging Market is Segmented by Type (Glass Vials, Prefillable Syringes, Vial Closures, Secondary Vaccine Packaging) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Vaccine Packaging Market Size

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Vaccine Packaging Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 10.62 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration High

Major Players

Vaccine Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Vaccine Packaging Market Analysis

The vaccine packaging market is expected to register a CAGR of 10.62% during the forecast period. Due to the COVID-19 pandemic, demand for vaccines and packaging for these vaccines skyrocketed. Market players have been expanding their production capacities to meet the surge in demand.

  • One of the main factors fueling the market's expansion is the rising incidence of various viral infections and immunological disorders in different parts of the world. The need for effective vaccine packaging facilities has significantly increased with the appearance of the coronavirus disease (COVID-19). Additionally, growing consumer awareness of the importance of early detection and prevention of infectious diseases has increased the demand for protective vaccines and is contributing to the market's growth.
  • Healthcare spending by people and governments has been increasing, which is beneficial for the vaccine packaging market growth. For instance, according to China's National Health Commission, the total size of the Chinese healthcare industry is anticipated to reach CNY 16 trillion (USD 2.39 trillion) by 2030.
  • According to the Chinese Center for Disease Control and Prevention of the Institute for Health Metrics and Evaluation, China reached a health 'tipping point,' with chronic conditions replacing infectious diseases as the leading causes of early deaths in the nation of 1.4 billion people. Such huge investments have anticipated the drive of the market.
  • Leading vaccine manufacturers are preparing to establish adequate production facilities for future pandemics. These developments are fueling the market growth in the long term. For instance, in April 2022, Sanofi, a pharmaceutical company, announced to spend EUR 900 million (USD 618.55 million) to build two new Evolutive Vaccine Facilities (EVFs) in France and Singapore.

Vaccine Packaging Market Trends

This section covers the major market trends shaping the Vaccine Packaging Market according to our research experts:

Emphasis on Immunization Campaigns by Governments

  • Countries such as India, China, and the United States, as well as European countries, were fast to produce and acquire COVID-19 vaccines owing to government efforts. Moreover, countries across the world undertook widespread vaccine distribution programs to limit the COVID-19 virus spread.
  • These initiatives were successful in a number of countries which resulted in acquiring and administering a large number of vaccines by respective country governments. For instance, as of July 2022, nearly 2 billion COVID-19 vaccinations were administered by the Indian government.
  • Apart from COVID-19, governments worldwide are also targeting other diseases, such as monkeypox and polio. Several countries witnessed the spread of the monkeypox virus in 2022. Numerous estimates place the number of confirmed cases of monkeypox at over 47,600 worldwide as of August 2022, with over 17,000 cases reported in the United States.
  • Governments are rolling out the vaccine supply chains for diseases like monkeypox as well. For instance, in August 2022, according to the United States government announcement, the country will contribute about USD 11 million to help Bavarian Nordic package its BAVA.CO Jynneos monkeypox vaccine at a United States-based manufacturing facility.
  • Moreover, funding for these immunization campaigns has been increasing. For instance, the United States government has been working to eradicate polio for many years as a partner in the Global Polio Eradication Initiative and as a supporter of efforts made by developing nations. Polio funding by the United States increased from USD 134 million in FY 2009 to USD 253 million in FY 2022.
Vaccine Packaging Market - COVID-19 Vaccine Doses Administered, In Number Per 100 People, Global, November 2021 - November 2022

Asia-Pacific is Expected to Grow with the Highest CAGR

  • The glass packaging manufacturers and suppliers are focusing on shifting their base to China, India, and Brazil as a result of increasing opportunities offered by the pharmaceutical industry in these countries, including vaccine packaging.
  • Against the backdrop of the growth trend in the region's vaccine packaging sector and the COVID-19 pandemic, market players are wanted to commit to securing the supply of pharma glass.
  • For instance, SCHOTT has been investing nearly EUR 70 million in the expansion of its Indian tubing site in Jambusar, Gujarat. The increase of more than 30% in the facility's overall Indian production capacity follows the commitment to support the government's vision of India becoming a global pharmaceutical hub. Similarly, in an Indo-German joint venture between specialty glass makers Schott AG and Kaisha, the company anticipated selling nearly 380 million vials for COVID-19 vaccines in 2021-2022.
  • China has pledged to make its COVID-19 vaccines a global public good since the COVID-19 outbreak. Chinese officials have repeatedly stated that China is carrying out this commitment by exporting and donating its COVID-19 vaccines to as many nations as possible.
  • Moreover, vaccine manufacturers are expanding their facilities across various Southeast and East Asian countries to better manage the supply flow. For instance, in February 2022, Moderna, a COVID-19 vaccine producer, announced its expansion in Hong Kong, Singapore, Taiwan, and Malaysia to serve Asian markets better. These developments are helping the vaccine packaging market grow in the region.
Vaccine Packaging Market -  Growth Rate by Region

Vaccine Packaging Industry Overview

The vaccine packaging market is highly competitive due to the strong presence of major players worldwide. The market is moderately considerably concentrated owing to the strict requirements for quality of packaging as well as the presence of large market players in the industry. Major market players are adopting strategies like product innovation, mergers and acquisitions, and expansion to expand their reach and increase their production capabilities.

  • July 2022: Gerresheimer, a manufacturer of injection vials for vaccines, announced to increase the glass vial production at its Wertheim, Germany, facility as well as at two additional locations in China and the United States. To increase vial capacity by 150 million per year, the company has planned to invest in production in Wertheim.
  • March 2022: The Biomedical Advanced Research and Development Authority (BARDA) agreed to fund Stevanato Group up to USD 95 million through an agreement that was entered into by OMPI of America Inc., a subsidiary of Stevanato Group. Stevanato Group will increase its intended manufacturing capacity in Fishers, Indiana, for both standard and EZ-Fill vials, as per the agreement.

Vaccine Packaging Market Leaders

  1. Gerresheimer AG

  2. Nipro Corporation

  3. Piramal Glass Private Limited

  4. Catalent, Inc.

  5. Schott AG

*Disclaimer: Major Players sorted in no particular order

Vaccine Packaging Market Concentration
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Vaccine Packaging Market News

  • October 2022: Merck & Co. Inc. announced the opening of a new secondary packaging facility in Singapore to support the production of vaccines and biologics. These new manufacturing facilities are key enablers of the company's up to USD 500 million investment over five years, starting in 2020.
  • September 2022: A leading provider of medical technology, Becton, Dickinson, and Company, unveiled a new generation of glass prefillable syringes (PFS) that surpasses previous models in terms of processability, aesthetics, contamination, and integrity. In order to meet the complex and changing needs of vaccine manufacturing, the new BD Effivax Glass Prefillable Syringe was created in collaboration with top pharmaceutical companies.

Vaccine Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Value Chain Analysis

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Buyers/Consumers

      2. 4.3.2 Bargaining Power of Suppliers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of the Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Greater Emphasis on Immunization Campaigns by Governments

      2. 5.1.2 High Occurrence of Infectious Diseases

    2. 5.2 Market Restraints

      1. 5.2.1 Large Capital Investments

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Glass Vials

      2. 6.1.2 Prefillable Syringes

      3. 6.1.3 Vial Closures

      4. 6.1.4 Secondary Vaccine Packaging

      5. 6.1.5 Other Types

    2. 6.2 Geography

      1. 6.2.1 North America

      2. 6.2.2 Europe

      3. 6.2.3 Asia-Pacific

      4. 6.2.4 Latin America

      5. 6.2.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Gerresheimer AG

      2. 7.1.2 Nipro Corporation

      3. 7.1.3 Piramal Glass Private Limited

      4. 7.1.4 Catalent, Inc.

      5. 7.1.5 Schott AG

      6. 7.1.6 Becton, Dickinson and Company

      7. 7.1.7 Shandong Pharmaceutical Glass Co., Ltd

      8. 7.1.8 Corning, Inc.

      9. 7.1.9 SGD Pharma

      10. 7.1.10 Stevanato Group

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Vaccine Packaging Industry Segmentation

Vaccine packaging is the process that includes securely packaging vaccines in order to keep their therapeutic potency for a certain period.

The vaccine packaging market is segmented by type (glass vials, prefillable syringes, vial closures, secondary vaccine packaging) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type
Glass Vials
Prefillable Syringes
Vial Closures
Secondary Vaccine Packaging
Other Types
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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Vaccine Packaging Market Research FAQs

The Vaccine Packaging Market is projected to register a CAGR of 10.62% during the forecast period (2024-2029)

Gerresheimer AG, Nipro Corporation, Piramal Glass Private Limited, Catalent, Inc. and Schott AG are the major companies operating in the Vaccine Packaging Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Vaccine Packaging Market.

The report covers the Vaccine Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vaccine Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Vaccine Packaging Industry Report

Statistics for the 2024 Vaccine Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vaccine Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Vaccine Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)