A recent report published by
Infinium Global Research on the vials market provides an in-depth analysis of segments
and sub-segments in the global as well as regional vials market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional vials market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global vials market. According to the report, the global vials market is
projected to grow at a CAGR of 6.65% over the forecast period of 2020-2026.
Vials are small containers that
are mostly made of glass and plastic. Vials are mainly used in the medical
sector to store vaccines, blood, and tissue samples, and are also used in law
enforcement, laboratories, department stores, and outdoor enthusiasts. In
recent years, the number of chemical laboratories dealing with life science,
environment testing, cosmetic testing, and food & beverage testing has
risen drastically. vials are used on a regular basis in these testing facilities
for sample storage and analysis. The global Vials Market is likely to grow with
a CAGR of 6.65% during the period of 2020 to 2026.
A growing number of chemical
laboratories is one of the major driving factors for the growth of the vials
market across the globe. The number of laboratories adopting chromatography
instruments such as GC, HPLC, Ion chromatography, and many more has also
increased which in turn also increases the demand for vials from these
laboratories. Apart from this factor, the rapidly growing biopharmaceutical
sector also drives the demand for vials all over the world. The overall annual
revenue from the biopharma industry has increased from about $4.4 billion in
1990 to $275 billion in 2018, an increase of 6,250 percent, with biopharmaceuticals
now more than 25 percent of the total pharmaceutical market. In 2018 alone,
there were 3,212 emerging biopharma companies. However, Procuring the key raw
material for pharmaceutical vials is one of the major factors that challenge
the growth of the market. Moreover, growing demand for plastics vials as well
as the emergence of superior polymer vials due to technological advancements
will also create beneficial opportunities for plastic vial manufacturers over
the coming years
Among regions, North America holds
the largest market share in the vials market and is expected to dominate the
market during the forecast period. This is primarily due to its large
pharmaceutical and personal care manufacturing base. Furthermore, the growing
number of collaborations in order to achieve innovative packaging technology is
also providing a boost to the market. The increasing incidence of infectious
& non-infectious diseases and the rising number of clinical studies are
translating into greater demand for these vials. Furthermore, Europe is
expected to hold a significant share in the global vials market due to the
introduction of new medicines aimed at improving the health and quality of life
of the patients. Moreover, the global vials market in the Asia Pacific region
is projected to witness the fastest growth owing to high investment in various
research and development activities and favorable demographics. The rapidly
growing pharmaceutical industry across the region along with the high demand
for vials is arising majorly from densely populated countries is also projected
to boost the market in the Asia Pacific region.
The report on global vials market covers
segments such as by product type, by material, and by end user. On the basis of
by product type, the sub-markets include cryogenic vials, serum vials,
specialty vials, sterile vials, and others. On the basis of by material, the
sub-markets include glass, and plastic. On the basis of by end user, the
sub-markets include pharmaceutical, chemical, personal care, and others.
The report provides profiles of
the companies in the market such as Gerresheimer AG, Schott AG, Stevanto Group
SpA, Piramal Glass Private Limited, Amcor Pty Ltd, Richland Glass Company,
Inc., Thermo Fisher Scientific Inc., Borosil Glass Works Limited, DWK Life
Sciences GmbH, and Qorpak, Inc..
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of vials market. Moreover, the study highlights current market trends
and provides forecast from 2020-2026. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.
Please Choose One of them.