USD 1.94 billion
Vaccine Storage and Packaging Market Size, Share, and Growth Analysis
Vaccine Storage and Packaging Market By Function (Storage, Packaging), By Storage Type (Refrigerators, Freezers), By Packaging Type (Vials, Ampoules), By End-User (Hospitals, Biopharmaceutical Companies), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15G2056 |
Region:
Global |
Published Date: February, 2025
Pages:
157
|Tables:
118
|Figures:
77
Format -
Vaccine Storage and Packaging Market Insights
Global Vaccine Storage and Packaging Market size was valued at USD 1.94 billion in 2023 and is poised to grow from USD 2.06 billion in 2024 to USD 3.31 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
Rising investment in research & development of various types of vaccines by many large biopharmaceutical companies and healthcare institutions coupled with the growing government efforts on improvement of immunization are the major factors expected to drive the growth of the global vaccine storage and packaging market over the forecast period. According to our findings, the United States government spends hundreds of millions in dollars on research and development of purchase and distribution to the states.
Furthermore, high technological advancements like SDD refrigerators and RFIDs in the global industry especially in highly developed countries including United States and France is likely to propel the demand for vaccine storage and packaging market in the coming years. Moreover, an extensively growing awareness regarding early diagnosis of diseases and continuously rising incidence of various types of infectious disease across the globe has resulted in a significant growth in the demand for vaccines and in turn, the global vaccine storage and packaging market is likely to have a boom in the near future.
In addition, lack of packaging expertise, capabilities, budget constraints, and shortage of in-house storage face by various healthcare institutions and biopharmaceutical companies around the globe are also likely to fuel the demand and growth for global vaccine storage and packaging market at a high growth rate over the forecast period.
US Vaccine Storage and Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Refrigerator
Fastest Growth
Freezers
Growth Rate
6.1% CAGR
Global Vaccine Storage and Packaging Market, 2022-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Vaccine Storage and Packaging Market Segments Analysis
Global Vaccine Storage and Packaging Market is segmented by Function, Storage Type, Packaging Type, End-User and region. Based on Function, the market is segmented into Storage and Packaging. Based on Storage Type, the market is segmented into Refrigerators, Freezers and Cryogenic Storage Systems. Based on Packaging Type, the market is segmented into Vials, Ampoules, Prefilled Syringes and Bags. Based on End-User, the market is segmented into Hospitals, Biopharmaceutical Companies, Medical Laboratories and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Vaccine Storage and Packaging Market Analysis by Storage Type
By storage type, the refrigerator segment held the largest market share in 2021. Continuously rising demand for immunization refrigerators and increased government organizations focus on the storage of vaccine are the major factors driving the segment growth. In addition, rising importance of advanced and innovated refrigerators for storing several types of vaccines around the globe is also expected to drive the growth of the segment throughout the forecast period. For instance, the US Food and Drug Administration has been authorizing the storage for vaccines in the refrigerator with a maintained temperature of 2 to 8 Celsius.
Vaccine Storage and Packaging Market Analysis by Packaging Type
By packaging type, the corrugated boxes segment dominated the market and accounted for a significant market share in 2021 and is projected to maintain its dominance throughout the forecast period owing to increasing adoption of eco-friendly and light-weight corrugated boxes around the globe. Moreover, an extensive rise in the investment in packaging industry by several key market players especially in emerging economies such as India and China along with the increasing prevalence of high compatibility packaging materials are also anticipated to boost the segment market growth at a significant rate in the coming years.
Global Vaccine Storage and Packaging Market By Storage Type, 2021 (%)
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Vaccine Storage and Packaging Market Regional Insights
Globally, Europe dominated the vaccine storage and packaging market and accounted for a strong market share in 2021 owing to rising number of government initiatives regarding vaccination programs, high prevalence of various infectious diseases, and focus on research & development of new vaccines in the region. In addition, the presence of many large market players including Gerresheimer AG and DB Schenker with many years of expertise in the region is also expected to boost the growth of the vaccine storage and packaging market during the forecast period.
Furthermore, MEA region is anticipated to witness fastest CAGR during the forecast period. Increasing healthcare infrastructure and continuously rising investments by several government and private institutions are projected to be the major driving factor for the market in the coming years. In addition, rising number of immunization programs in South Africa and creating generating opportunities for the international players to enter in their countries are further expected to boost the demand and growth in the region.
Global Vaccine Storage and Packaging Market By Geography, 2022-2028
- Largest
- Fastest
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Vaccine Storage and Packaging Market Dynamics
Vaccine Storage and Packaging Market Drivers
- Rise in the demand for immunization refrigerators and increasing focus on storage equipment for various type of vaccines are projected to be the major driving factors for the global vaccine storage and packaging market over the forecast period. The Centers for Diseases Control and Prevention is highly focusing on creating awareness regarding storage practices for vaccines to protect individuals from various types vaccine-preventable diseases, which is likely to propel the demand for vaccine storage and packaging market in the coming years.
Vaccine Storage and Packaging Market Restraint
- Stringent government regulations and high cost associated with the devices required in the packaging and storage of vaccines are the major factors anticipated to hamper the global vaccine storage and packaging market during the forecast period. Various government organizations have implied regulations on the storage & packaging of vaccine, that is likely to be a key restraining factor for the global market.
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Vaccine Storage and Packaging Market Competitive Landscape
The global vaccine storage and packaging market is fairly competitive with the presence of several international and regional players around the globe. Key players of the market are implementing on many business strategies such as product launches, acquisitions, mergers, and collaborations for the expansion of their geographical presence and product portfolio. For instance, in March 2021, Helmer Scientific announced the launch of its new and advanced GX Solutions freezers for vaccines, sample storage, and blood therapy for various healthcare applications along with features like noise reduction, deduction in energy consumption, and maintained temperature performance.
Top Players in Vaccine Storage and Packaging Market
- Thermo Fisher Scientific (USA)
- Lineage Logistics (USA)
- DHL (Germany)
- Cardinal Health (USA)
- McKesson Corporation (USA)
- AmerisourceBergen Corporation (USA)
- DB Schenker (Germany)
- American Biotech Supply (USA)
- Arctiko A/S (Denmark)
- Panasonic Healthcare Co., Ltd. (Japan)
- NIPRO Corporation (Japan)
- B Medical Systems (Luxembourg)
- Helmer Scientific (USA)
- PHC Holdings Corporation (Japan)
- Eppendorf AG (Germany)
- Azenta Life Sciences (USA)
- Cryoport, Inc. (USA)
- Sartorius AG (Germany)
Vaccine Storage and Packaging Market Recent Developments
- In January 2022, Gerresheimer announced the improvement in its capacity of glass vials at Wertheim site as well as two different locations in United States and China. The company is going to invest in its Wertheim site production for increasing 150 million vials per year, along with a plan of creating 70 new job opportunities.
- In October 2021, Becton Dickinson expanded its syringe production in the United States. The company is mainly aiming on expanding production lines for safe operation injection devices at their Nebraska facility in order to fulfill the rising demand in the United States.
Vaccine Storage and Packaging Key Market Trends
- Increasing research & development activities in healthcare infrastructure, development of cold chain facilities, and rising penetration among end-use sectors including diagnostic centers, hospitals and research programs are fueling the market growth across the world. Major companies of the industry are highly focusing on the development of latest technology products and devices for the ease of use and comfort for consumers. A rapid growth in the population across the world has led to increase in disease, which has resulted positively to the global vaccine storage and packaging market.
Vaccine Storage and Packaging Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global vaccine storage and packaging market is witnessing a strong growth over the forecast period owing to increased consumer per capita income, tremendous growth in population around the globe, and presence of numerous types of diseases. In addition, promoting vaccination programs from various government bodies and availability of advanced technology all over the world is likely to be a major factor driving the growth of the market in the coming years. However, poor handline and storage of vaccines and cold chain deficiencies like power shortage and poor maintenance are the key factors projected to hamper the global demand for vaccine storage and packaging market throughout the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.94 billion |
| Market size value in 2032 | USD 3.31 billion |
| Growth Rate | 6.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vaccine Storage and Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vaccine Storage and Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vaccine Storage and Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vaccine Storage and Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vaccine Storage and Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vaccine Storage and Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Vaccine Storage and Packaging Market Report Snapshots
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