The worldwide vaccine packaging and storage market is estimated to boost the industry during the forecasted period due to increased infectious illnesses and diseases. The vaccine storage market is likely to grow because to an increase in demand for vaccination freezers. Companies engaged in manufacture of vaccine storage and packaging producing vaccine and immunisation refrigerators owing to their capacity to maintain the proper temperature for vaccines for up to 48 hours even without electricity. Moreover, the firms are focusing on temperature-controlled freezers, which are perfect for developing an environment for vaccine distribution, driving the worldwide vaccine storage & packaging market forward. Vaccine packaging is critical for protecting the product till it reaches the end user. Nonetheless, due to the product's importance, several government rules for enterprises working in the vaccine production supply chain have been implemented.
According to Coherent Market Insights, Global Vaccine Storage And Packaging Market was valued at US$ 8.39 Billion in 2021 in terms of revenue, exhibiting a CAGR of 10.2 % during the forecast period (2022 to 2030).
Major Players in the Vaccine Storage And Packaging Industry:
1. Corning Incorporated
Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company was founded in 1851 and is headquartered in Corning, New York.
2. Piramal Glass Private Limited
It is Manufacturer of glass and glass products intended to serve cosmetics and perfumery, specialty food and beverages and pharmaceuticals industries. The company specializes in the design, production, and decoration of glass packaging (flaconnage), in-house bottle and mold design for printing, hot-foil stamping, coating, frosting, decal, fitment gluing and metallization. The company was founded in 1984, headquartered in Mumbai, India.
3. Schott AG
Schott is a leading international technology group in the areas of specialty glass and glass-ceramics. . Schott is an innovative enabler for many industries, including the home appliance, pharma, electronics, optics, life sciences, automotive and aviation industries. The parent company, Schott AG, has its headquarters in Mainz (Germany) and is solely owned by the Carl Zeiss Foundation.the company was founded in 1884.
4. Amcor
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland.
5. AptarGroup Inc
AptarGroup, Inc. designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage. AptarGroup, Inc. was incorporated in 1992 and is headquartered in Crystal Lake, Illinois.
6. DHL Group
Based in Germany, Deutsche Post DHL ranks among the largest parcel-shipping and third-party logistics providers globally. The company was founded in 1995. In October 2020, DHL International GmbH, globalleader in the logistics industry has expanded its facilities by launching state-of-the-art storage facilities also in regions other than Germany.
7. FedEx
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.
8. UPS
United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
9. SF Express
Since their establishment in 1993, S.F. Express has grown to become China’s leading private express delivery company in terms of scale of operation, network coverage and market share. They are China’s first private express delivery company to own its aircraft and one of the fastest growing companies in Greater China with a network spanning the whole of mainland China, Hong Kong, Macau, Taiwan, Singapore, Malaysia, South Korea, Japan, Thailand, Vietnam, Australia and the United States.the company was founded in 1993.
*Definition- The technique of securely packing vaccines and medications such that they retain their therapeutic effectiveness from the moment they are packed is known as vaccine packaging. The first level of vaccine packaging consists of vials, ampoules, prefilled syringes, and packs and pouches.
