Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research analyst predicts that the global vials packaging market will grow at a CAGR of more than 11% by 2020. Stringent government regulations and industry standards for packaging of pharmaceutical related products have a positive impact on the growth of the vials primary packaging market. As per the Food and Drug Administration (FDA) regulations in the US, pharmaceutical drugs need high barrier packaging materials and sealants that are impermeable and resistant to solvents, grease, chemicals, and heat for better security protection. Several developing countries like China and India have upgraded their industry standards for vials packaging of medical supplies to maintain quality, safety, and reduce breakage, spillage, and contamination. Increased government regulations and standardization related to pharmaceutical devices and products are compelling the vendors to upgrade their products, which will increase the demand for vials primary packaging during the forecast period.
Packaging companies are focusing on the use of superior quality plastic materials such as cyclic olefin copolymer (COC) and cycloolefin polymer (COP) because of their exceptional barrier characteristics. These materials exhibit a unique combination of properties such as low density, excellent moisture barrier capabilities, high transparency, and resistance to aqueous and polar organic media. COCs are ten times less permeable to water vapor than PVC or any other packaging material, are halogen-free and eco-friendly. For instance, Topas Advance Polymer uses COC in vials, prefilled syringes, needleless injectors, and other drug delivery systems.
The global vials packaging market will see a rapid rise in the demand for plastic packaging in the forecast period owing to the various advantages it offers such as lightweight, cost-effective, and easy availability of raw material. Plastic resins are becoming popular in the plastic packaging segment because of their low cost, reduction in landfill waste, decrease in greenhouse gas emissions, and lower consumption of energy during their production compared to glass vials packaging.
During 2015, North America dominated the vials packaging market and accounted for more than 34% of the total market share by 2020. The demand for vials has been growing consistently in the region owing to the increased occurrences of diseases and increased need of preservation of the medical solutions. Glass vials packaging accounts for a major share of the region and the growing demand for innovative forms of pharmaceutical packaging in the US will boost the dominance of North America in this market during the forecast period.
This market is characterized by the presence of well-diversified global and regional vendors. The competitive environment in this market is likely to intensify in the coming years with an increase in product extensions, and innovations in technology. The established vendors are increasing their production capacities by investing in new production facilities that produce pharmaceutical packaging like vials and ampoules.
Leading vendors in the market are -
Other prominent vendors in the vials primary packaging market include Acme Vials and Glass Company, Akey Group, Amposan, BMT Corporation, CIRON Drugs & Pharmaceuticals, Friedrich & Dimmock, Global Pharmatech, Hindusthan National Glass & Industries, Jinarth pharma packaging, Kishore Group, Nitin Lifesciences, OCMI-OTG, Pacific Vials, TricorBraun, and WHEATON Industries.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.