The global polymer vials market is currently valued at US$ 235 Million in 2023 and is expected to witness substantial growth with a projected CAGR of 4.6%. This growth trajectory is fueled by significant advancements in packaging technology, and it is foreseen that the market will surge to a valuation of US$ 368 Million by the year 2033.
Polymer vials find extensive utility in diverse sectors, including pharmaceutical companies, biopharmaceutical firms, compound pharmacies, and various other applications, all with the common objective of enhancing the shelf life of the final products. Notably, polymer vials distinguish themselves from plastic or aluminum counterparts by refraining from imparting flavors into the stored drugs, thereby preserving the purity of the pharmaceuticals. These emerging trends are driving a surging demand for polymer vials in the packaging of pharmaceutical and personal care products.
The escalating demand for packaging materials that ensure a lower risk of chemical interactions and superior resistance to breakage for the safe storage and transportation of liquid drugs and biologics serves as a pivotal driver for the growth of the polymer vials market throughout the forecast period. Polymer vials have become a preferred choice for the storage of various types of medicines, contributing to the extension of the drug’s shelf life while providing effective protection against a range of external hazards.
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Ready-to-Use Packaging Solution in Pharmaceutical Industry Multiplying the Sales of Polymer Vials in Market
Polymer vials have witnessed a remarkable surge in demand within the realm of pharmaceutical packaging. These diminutive vessels or bottles have become a cornerstone for the storage of various forms of medicinal substances, including liquids, powders, or capsules.
Pharmaceutical manufacturers are increasingly focusing their attention on the critical aspect of packaging. It is imperative that the chosen packaging not only preserves but also protects the drug formulation throughout its journey from the point of filling to the point of consumption. The optimal packaging should serve as an unyielding and inert barrier, effectively thwarting any potential migration of substances into the drug formulation. Additionally, it should eliminate any interactions that might compromise the integrity of the medicine or its excipients, ensuring that they remain securely embedded within the formulation.
While both glass and traditional plastic materials used for vials possess distinctive attributes that address some of the aforementioned requirements, they often fall short in meeting all of these crucial criteria. The search for the ideal pharmaceutical packaging solution has thus prompted the growing adoption of polymer vials to overcome these limitations.
Key Players
- 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.
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Market Segmentation
Based on Material Used:
- Glass
- Plastic
Based on Neck Type:
- Crimp neck
- Screw neck
- Flip cap
- Double chamber
Based on Storage Type:
- Liquid Drugs
- Powder
- Tablets
Based on Size:
- 2 ml
- 5 ml
- 10 ml
- 15 ml
- 50 ml
- 100 ml
Based on the Distribution Channel:
- Direct sales
- Pharmacies/Medical Stores
- E-commerce
- Others
Based on the Region:
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, UK, 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
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