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Global Pharmaceutical Vials Market to Witness Huge Growth by Key Players: Schott, SGD Group, Nipro, Pacific Vial Manufacturing Inc.

Reading Time: 3 minutesGlobal Pharmaceutical Vials Market reached USD 7.6 Billion in 2020 The Global Pharmaceutical Vials Market tends to grow by a CAGR of 8.80% in the 2021-2027 periods.

Vials are small bottles or containers made from either plastic or glass. Vials are mainly used in the pharma sector in hospitals, bio-pharma, and others. They are used to store the liquid or solid form of medicine. Vials come in various sizes (1ML, 2ML, 3ML, 4ML, and so on) and various colors (Amber, Clear, other). The growing demand for packaging in the pharma sector is the driving factor for this market. Due to the Covid-19 pandemic, there are various vaccines and drugs being produced in different countries which is impacting the vials market positively and will continue to do so in coming years. As the technologies evolve, most of the countries or end-user moving towards the safe and high-tech storage of liquid drugs and that requires customized packaging which is also driving this market. Surging manufacturing cost due to the adoption of high machinery for manufacturing along with government rules and regulations is restraining the market. Bottles held the largest share of 35% in terms of revenue in 2020. Vials are expected to expand at the second-fastest revenue-based CAGR after ampoules from 2021-2027 owing to the current scenario. Ampoules accounted for the largest volume share of 74.1% in 2020.

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Europe is currently the most productive vials market on account of the expansion of its pharmaceuticals sector, presence of established industry players, rise in awareness regarding the newly launched drugs, and high purchasing power of their population. In the upcoming years, demand for vials is going to surge in the Asia Pacific (APAC) due to an increase in their production output and increasing demand for vaccines from different companies. North America emerged as a dominating region with a volume share of 34.69% in the year 2020 owing to the innovation and high-tech equipment for the manufacturing of vials.

Major market players included in this report are:

Phoenix Glass LLC, Hanna Instruments, O.Berk, SGD Pharma, Borosil Limited, Nipro Corporation, Piramal Glass Limited, SCHOTT AG, Amposan S.A.,  Pacific Vial Manufacturing Inc.

By Drug type:

  • Generic
  • Branded
  • Biologic

By Product:

  • Vials
  • Bottles
  • Cartridges & Syringes
  • Ampoules

By Distribution Channel:

  • Direct Sales
  • Medical Stores/Pharmacies
  • E-commerce and Others

By End-User:

  • Pharmaceutical Companies
  • Bio-pharmaceutical Companies
  • Contract/Manufacturer Company
  • Compound Pharmacy and Others

By Neck Type:

  • Screw Neck
  • Double Chamber
  • Crimp Neck
  • Flip Cap and Others

By Region:

North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico, Rest of the World.

Furthermore, the years considered for the study are as follows:

  • Historical year – 2018, 2019
  • Base year – 2020
  • Forecast period – 2021 to 2027

Target Audience of the Global Pharmaceutical Vials Market in Market Study:

Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises,
Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers,
Investment bankers, Investors.

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Aishwarya Korgaonkarhttps://globalhealthcareindustry.com
Aishwarya Korgaonkar holds a bachelor’s degree in Information Technology from the esteemed Mumbai University. Being creative and artistic, she leaped into the field of digital marketing and content writing. Her love for words makes her write creative and spellbinding content that adds colors to the world. She is keen about writing articles across different verticals and is always eager to work on challenging topics.
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