The latest report by IMARC Group, titled “Vaccine Storage and Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the vaccine storage and packaging market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global vaccine storage and packaging market size reached US$ 30.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.2 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032.
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Vaccine Storage and Packaging Market Trends:
The global vaccine storage and packaging market is experiencing robust growth driven by the rising prevalence of infectious diseases and the increasing global immunization initiatives. This is increasing the demand for effective vaccine storage and packaging solutions. Technological advancements in cold chain logistics, ensuring the safe and efficient transportation of vaccines, are further propelling market growth. Along with this, the introduction of stringent regulations and guidelines by health authorities, aimed at maintaining the efficacy and safety of vaccines, has increased the adoption of advanced storage and packaging solutions.
Additionally, the expansion of vaccination programs, particularly in developing regions, necessitates the development of resilient and reliable storage systems. Apart from this, the growing investments by governments and international organizations to enhance vaccine distribution infrastructure, coupled with the increasing production of vaccines due to emerging health threats, are also driving the market. Furthermore, the heightened awareness regarding the importance of maintaining the cold chain integrity of vaccines is contributing to the market's positive outlook.
Vaccine Storage and Packaging Market Scope and Growth Analysis:
The scope of the market encompasses a wide range of solutions, including refrigerators, freezers, cold boxes, insulated containers, and packaging materials designed to maintain the potency of vaccines. The market is characterized by continuous innovation, with companies focusing on developing energy-efficient and technologically advanced storage units equipped with real-time monitoring systems to ensure optimal conditions.
The market growth is further driven by the increasing demand for personalized vaccines and the development of temperature-sensitive biologics, which require specialized storage and packaging solutions. In addition, the expansion of vaccination campaigns targeting a broader demographic, including infants, elderly, and immunocompromised individuals, is enhancing the market's growth prospects. Concurrently, the increasing collaboration between pharmaceutical companies and logistics providers to streamline the supply chain and reduce wastage is contributing to market expansion.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AmerisourceBergen Corporation
- Arctiko A/S
- Cardinal Logistics Management Corporation
- DHL International GmbH (The Deutsche Post AG)
- Lineage Logistics LLC
- McKesson Corporation
- Nipro Corporation
- PHC Holdings Corporation
- Schenker Aktiengesellschaft
- Thermo Fisher Scientific Inc.
Vaccine Storage and Packaging Market Segmentation:
Our report has categorized the market based on segment, vaccine storage breakup by segment, vaccine packaging breakup by type and end user.
Breakup by Segment:
- Vaccine Storage
- Vaccine Packaging
Vaccine Storage Breakup by Segment:
- Storage Equipment
- Refrigerators
- Freezers
- Others
- Service
- Warehouse Storage Services
- Transportation Services
Vaccine Packaging Breakup by Type:
- Packaging Type
- Vaccine Cool Bags, Vials and Ampoules
- Corrugated Boxes
- Others
- Packaging Level
- Primary
- Secondary
- Tertiary
Breakup by End User:
- Biopharmaceutical Companies
- Hospitals
- Medical Laboratories
- Others
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research firm that provides management strategy and market research worldwide. We work with clients in every sector and geography to identify their most valuable opportunities, address their most important challenges and transform their businesses.
The IMARC Group's information offerings include key market trends, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology sectors. Market forecasts and industry analysis in biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and innovative processing methods are among the company's top areas of expertise.
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