Market Share of Vaccine Packaging Industry
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
Gerresheimer AG
Nipro Corporation
Piramal Glass Private Limited
Catalent, Inc.
Schott AG
*Disclaimer: Major Players sorted in no particular order
