Polymer Vials Market
Polymer Vials Market Share & Trends Analysis, By Material Used (Glass, Plastic), By Neck Type (Crimp neck, Screw neck), By Storage Type (Liquid Drugs, Powder), By Size (2 ml, 5 ml, 10 ml), By Distribution Channel & By Region Forecast - Global Review 2021 to 2031
Polymer Vials Market Forecast and CAGR
According to the very recent analysis, the global sales of polymer vials are anticipated to witness a lucrative growth rate over the forecast period, with global revenues increasing by a significant market share year on year. According to a new forecast, polymer vials revenue will grow more than twice between 2021 and 2031.
As rising demand for low risk of chemical interactions and superior breakage resistant packaging material to storing and transporting liquid drugs and biologic drugs elevate the growth of polymer vials market across the forecast period.
Ready-to-Use Packaging Solution in Pharmaceutical Industry Multiplying the Sales of Polymer Vials in Market.
Polymer vials are getting drastic demand in pharmaceutical packaging, it is a small vessel or bottle which is significantly utilizing to store liquid, powder, or capsule form of medicines.
Drug manufacturers focusing on packaging, which should be preserving and protecting the drug formulation from the time it is filed until it is used. The packaging should ideally be an unbreakable, inert barrier preventing anything from migrating into the drug formulation. Furthermore, it would eliminate interactions that could cause the medicine or its excipients to be pulled out of the formulation.
Both glass and conventional plastic materials of vials have unique qualities in meeting some of the previously specified characteristics, but they fall short of meeting all of them.
Polymer vials are widely used to store several types of medicines, which helps to enhance the drug shelf life and also provides protection from different external hazards. Also, polymer vials help to store medicines as low as -80 Degree Celsius. Therefore, polymer vials getting drastic demand throughout the forecast period.
Polymer vials not only provide safety and durability to the medicines in transportation or store. It also provides a convenient user experience to the consumers. Size, shape, and capping mechanism made convenient in transportation and in the time of consumption. Drugs stored in polymer vials are easily utilized or ready to use in the medical field. Therefore, consumers preferring polymer vials packaging in the market.
US and Canada Polymer vials Market
The US is one of the prime markets for the polymer vials market worldwide and is also a leading North American market. The rising pharmaceutical industry in the U.S and rising consumer awareness about polymer vials in drug storage enhance the growth of the polymer vials market in the U.S and Canada.
Europe Demand Outlook for Polymer vials Market
Polymer vials are widely sold in European countries. The rising demand for ready-to-use drug packaging from the United Kingdom, Italy, Germany, and France contains the dominant market share. Increasing demand for injecting medicines, as well as rising concerns regarding medicine shelf-life and quality, will drive the expansion of the Polymer vials market in Europe over the forecast period.
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Polymer Vials Market: key players
Some key manufacturers functioning the business in the polymer vials market, are
- West Pharmaceutical Services Inc.
- Gerresheimer AG
- Adelphi Group
- Amgen Inc.
- Bormioli Pharma S.p.a.
- Berry Global Inc.
- SGD Pharma
- Stevanato Group
- DWK Life Sciences Ltd.
- TOYOBO CO., LTD.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Polymer Vials Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
Polymer Vials: Market Segmentation
Based on material used, the global polymer vials market can be segmented as:
Based on neck type, the global polymer vials market can be segmented as:
- Crimp neck
- Screw neck
- Flip cap
- Double chamber
Based on storage type, the global polymer vials market can be segmented as:
- Liquid Drugs
Based on size, the global polymer vials market can be segmented as:
- 2 ml
- 5 ml
- 10 ml
- 15 ml
- 50 ml
- 100 ml
Based on the distribution channel, the global polymer vials market can be segmented as:
- Direct sales
- Pharmacies/Medical Stores
Based on the Region, the global polymer vials market can be segmented as:
- North America
- o U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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