Plastic Vials Market Surges: Projected to Reach US$ 1.9 Billion by 2032, Demonstrating a Robust Growth at a CAGR of 4.9% | FMI Study

Plastic vials are small plastic containers used to store the content or to collect the samples. The plastic vials help in protecting the content from the external environment as well as keeping the content at the required temperature.

The global plastic vials market is expected to grow at a CAGR of 4.9% over the forecast period (2022-2032). Sales of plastic vials are projected to increase from US$ 1.2 Billion in 2022 to US$ 1.9 Billion by 2032

The growing need for vaccines to bolster children’s immunity has led to an increased requirement for plastic vials. Consequently, pharmaceutical firms are actively investing in the creation of secure packaging options, driving up the demand for plastic vials in the foreseeable future.

The North American plastic vials market is expected to be led by the United States, reaching an estimated value of about US$ 440.2 million by the close of 2032. This upward trajectory is mainly fueled by the substantial presence of major pharmaceutical companies in the U.S.

In the East Asia region, China is positioned to dominate the plastic vials market, projecting a notable Compound Annual Growth Rate (CAGR) of 7.8% throughout the forecast period. This impressive expansion can be attributed to the surge in chemical production and sales within the country. China, having claimed the title of the world’s largest chemical producer in 2020 with approximately 45% of global chemical sales, according to the European Chemical Industry Council (CEFIC), presents a significant growth opportunity for the Chinese plastic vials market, underscoring its crucial role in the global chemical landscape.

The plastic vials offer better thermal insulation compared to other vials made from other materials. Also, the plastic material is a strong material it reduces the fear of vials getting broken down. This helps in reducing the need for replacing the lost sample.

The plastic vials are made available in different capacities such as up to 2 ml, 3-5 ml, 5-7 ml, and 8 ml & above. These vials are used in various end use industries such as pharmaceuticals & healthcare, cosmetic & personal care, and others.

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The demand in the plastic vials market is expected to burgeon due to the increasing need for vials in the pharmaceutical industry. Rise in the spread of the different virus across the world will propel the demand for plastic vials in the pharmaceutical & healthcare industry.

Moreover, the plastic vials can be easily cleaned and sterilized which gains popularity among the end use industries. The plastic vials are light in weight and easy to handle which helps in reducing the transportation & extra storage cost. The expanding personal care & cosmetic industry helps in bolstering the demand for plastic vials.

Future Market Insights (FMI) opines, key players operating in the plastic vials market will witness remunerative growth opportunities due to the innovation & customization offered by manufacturers of plastic vials.

Key Takeaways from Plastic Vials Market

• By material, high-density polyethylene (HDPE) plastic vials segment is estimated to expand at a CAGR of 5.1% during 2022-2032
• The pharmaceuticals & healthcare segment is projected to hold significant share in the plastic vials market due to high demand for plastic vials in hospitals & laboratories.
• Based on end-use, pharmaceuticals & healthcare industry is anticipated to hold around 81% of the market share by the end of 2032.
• North America and Europe are estimated to remain the most lucrative market for the plastic vials market due to the presence of various pharmaceutical & healthcare companies

“Rising need to maintain and keep the content at the right and required temperature among pharmaceutical, personal care & cosmetic, and chemical industries will augment the sales of plastic vials.” –says FMI Analyst

Expansion of Pharmaceuticals & Healthcare Sector to Bolster Plastic Vials Sales

The development of various drugs and medications among various global pharmaceuticals & healthcare companies supplement the sales of plastic vials. Expansion of pharmaceutical & healthcare sector is driving the demand for plastic vials across the globe.

Increasing patient pool in hospitals due to different illnesses and health problems is also expected to bolster the demand for plastic vials. Subsequently, growing production of pharmaceutical drugs and products will push the sales of plastic vials.

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Plastic Vials Market Landscape

• Gerresheimer AG,
• Berry Global Inc.,
• Wheaton (DWK Life Science Inc.),
• Thornton Plastics,
• Schott AG,
• Sigma-Aldrich Co. LLC

are some of the key players operating in the plastic vials market. Also, some of the noticeable players in the plastic vials market include

• Suncity Plastic Vial Factory,
• Althor Products, LLC,
• Containers Plus,
• Genius Style (India) Pvt. Ltd.,

others. The players in tier 1 hold around 10-15% of the global plastic vials market.

Plastic Vials Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global plastic vials market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the plastic vials based on the (Polypropylene (PP), High-density Polyethylene (HDPE), Polyethylene Terephthalate (PET), and other (polystyrene)), capacity (up to 2 ML, 3-5 ML, 6-7 ML, 8 ML & above), end use (pharmaceuticals & healthcare, cosmetics & personal care, chemicals) across seven regions.

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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