DUBLIN–(BUSINESS WIRE)–The “APAC Vaccine Packaging Market – Focused Insights 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The APAC vaccine packaging market was valued at $695.54 million in 2022 and is projected to reach $1,149.38 million in 2028, with a compound annual growth rate (CAGR) of 8.73%, during the study period.
This report offers market size & forecast data for the vaccine packaging market in APAC. The revenue generated from the sale of vaccine packaging materials and products are included in the report. Revenue generated by service providers are excluded from the scope of the report. This report provides a comprehensive and current market scenario of the APAC vaccine packaging, including the APAC vaccine packaging market size, anticipated market forecast, relevant market segmentations, and industry trends.
The study considers a detailed scenario of the present vaccine packaging market and its market dynamics for 2023-2028 in APAC. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.
KEY HIGHLIGHTS
In 2022, China dominated the vaccine packaging market with the highest revenue share of 30.98%, followed by Japan with 26.03% and then India with 22.73%.
The vaccine packaging market in APAC is witnessing significant growth due to increasing research and development (R&D) activities owing to the prevalence of various infectious diseases, the presence of leading vaccine players, well-developed infrastructure, high investments in drug development, and growing government initiatives.
Primary Packaging accounted for the highest share of more than 71% in the APAC vaccine packaging market attributable to the growing demand for vials, ampoules, and syringes with the increasing demand for vaccines. – Based on primary packaging type, the vials packaging segment accounted for a 38.07% market share in the APAC vaccine packaging market and dominated the other segments due to its wide usage as an essential primary packaging element for vaccine products.
Based on material type, the glass segment accounts for a 44.09% APAC vaccine packaging market share that can be attributed to its external barrier properties and its highest demand in primary packaging.
The pharmaceutical and biotech companies accounted for the highest share of more than 47% in the APAC vaccine packaging market which is owing to the rise in communicable or infectious diseases, the growing aging population, the growing demand for vaccines, innovations in vaccine development are some of the major factors driving the vaccine packaging industry.
SCHOTT, Gerresheimer AG, Stevanato Group, Amcor, SGD Pharma, WestRock, Corning Incorporation, and Others are the leading players in the APAC vaccine Packaging market. The market offers tremendous growth opportunities for existing and future/emerging players because of innovations in oncology, infectious diseases, autoimmune, chronic ailments, and rare diseases.
VENDORS LIST
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 96 |
| Forecast Period | 2022 – 2028 |
| Estimated Market Value (USD) in 2022 | $695.54 Million |
| Forecasted Market Value (USD) by 2028 | $1149.38 Million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Asia Pacific |
Key Topics Covered:
Chapter 1: Vaccine Packaging Market Overview
Chapter – 2: Vaccine Packaging Market
Chapter 3: Vaccine Packaging Market Segmentation Data
APAC: Projected Revenue by Packaging level (2022-2028; $Millions)
APAC: Projected Revenue by Packaging type (2022-2028; $Millions)
APAC: Projected Revenue by Material type (2022-2028; $Millions)
APAC: Projected Revenue by End-user type (2022-2028; $Millions)
Chapter 4: Key Countries Overview
Chapter 5: Vaccine Packaging Market Prospects & Opportunities
Chapter 6: Vaccine Packaging Industry Overview
Chapter 7: Appendix
For more information about this report visit https://www.researchandmarkets.com/r/afnlid
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