The global polymer vails market is currently valued at US$ 235 Million in 2023 and is anticipated to expand at a CAGR of 4.6%. Owing to the advances in packaging the market is likely to propel to US$ 368 Million by 2033.
Other factors supporting the market growth are -
Polymer vials are used in pharmaceutical companies, biopharmaceutical companies, compound pharmacy and among several other places with the aim to enhance the shelf life in the final products. Unlike plastic or aluminum, it does not impart the flavors into the drug stored, which helps to maintain the purity of the drug. Such trends are pushing the demand for polymer vials for packaging of pharmaceutical and personal care products.
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. The increasing demand for ready-to use vials for flexible aseptic filling are gaining prevalence among the researchers due to which the demand for polymer vials rises globally.
Polymer vials market is growing on the backdrop of rising demand from various end use industries including medical, cosmetics, and chromatography among others. Polymer vails are more preferable in scientific and forensic laboratories to collect various samples and chemicals for testing. The growth in the use of sterile and antiviral packaging for pharmaceutical & biological products will accelerate the demand for polymer vials during the forecast period.
Increasing 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. 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.
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.
FMI research indicates polymer vails show great potential for not only durability but improving outcomes for buyers in different areas. To meet the objectives, the manufacturer of polymer vails offers a wide selection of materials, with different sizes, to bring out the best in the packaging industry. Some of the features of polymer vails are listed below
North America dominates the polymer vials market and will continue to flourish its trend of dominance during the forecast period owing to the increasing business expansion and awareness among the customers for pharmaceutical vials. Germany, UK and other European countries are expected to witness average growth in polymer vials market during the forecast period. Asia-Pacific is expected to register the highest CAGR in the forecast period of 2023 to 2033 because consumer will more prefer latest design in the region. Growing applications of polymer vials in medical as well as chemical packaging is likely to drive the overall polymer vials market in the Asia Pacific region.
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According to the very recent analysis, the global sales of polymer vials is anticipated to witness 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.
Polymer vials are getting drastic demand in pharmaceutical packaging, it is a small vessel or bottles which is significantly utilizing to store liquid, powder or capsule form of medicines.
Drug manufacturers focusing on the 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 it 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 provide 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.
Principal Consultant
The USA is one of the prime markets for the polymer vials market across worldwide and which is also leading North American market. The rising pharmaceutical industry in the USA and rising consumer awareness about polymer vials in drug storage enhance the growth for polymer vials market in the USA and Canada.
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 contain 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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Some key manufacturers functioning the business in the polymer vials market are
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and 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.
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Polymer Vials Market
