The global sales of vaccine shippers market are estimated to be worth USD 6.2 billion in 2021 and are anticipated to reach a value of USD 10.8 billion by 2031. Sales are projected to rise at a CAGR of 5.7% over the forecast period between 2021 and 2031. The revenue generated by vaccine shippers market in 2020 was USD 5.9 billion.
Increased demand due to the COVID-19 pandemic for efficient and safe transportation of vaccines continues to drive the vaccine shippers market. The demand in the market for effective cold chain logistics is driven by increased immunization programs and government regulatory initiatives to make vaccines available in areas unreachable or difficult to access.
Technology advancement in temperature-controlled packaging solution services and increased biopharmaceuticals drive the growth of the market. Besides, strict regulatory standards for vaccine safety and increasing investment in healthcare infrastructure create more demand for vaccine shippers. Global vaccination for diseases like influenza, polio, and measles further enforces market growth.
Global Vaccine Shippers Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 5.9 billion |
| Estimated Size, 2021 | USD 6.2 billion |
| Projected Size, 2031 | USD 10.8 billion |
| Value-based CAGR (2021 to 2031) | 5.7% |
Vaccine Shippers are temperature-controlled storage containers used to transport the vaccine from one place to another place all over the world. Vaccine shippers ensure the protection of vaccines against temperature changes and physical damages during transit. These are very useful in the pharmaceutical industry for sending vaccines across the world which in turn allows the companies to expand their business.
Vaccine shippers are temperature controlled hence the wastage or damage of the vaccines can be minimized. Shipping vaccines is very critical because of the logistical challenges posed by temperature, volume, safety, and other important factors.
Vaccines are to be stored and transported to avoid any vulnerability and reach the end-user without any hindrances. Primary packaging is the first level of container for the vaccine and the secondary packaging is the box of primary packages. The third level of packaging is the outer insulated shipping unit. Vaccine shippers are the tertiary level of packaging which will ensure the safety of the vaccines.
The vaccine shippers are further segmented based on product type, packaging type, usage, duration, end-user, and region.
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With the outbreak of new diseases all over the world and the rapid spreading of diseases, there is anticipation for vaccine necessity in the coming future; this is going to fuel the need for more advanced vaccine shipping packaging. With advancements in the healthcare sector, the need for effective shipping packages is also increasing.
Each vaccine is unique and requires different storage containers and they have to be maintained at different temperatures. This provides an opportunity for the vaccine shipper manufacturers to come up with new products and technologies that will cater to the different requirements of the vaccines.
Remodeling of vaccine transport and storage conditions with the latest technology to meet the demand which in turn affects the market growth and generates more revenue for manufacturers. With more investments in research and development activities, new varieties of products are produced and the production capacity is also increased to meet the increasing demand.
Apart from this, new investments by pharmaceutical companies and increase in health care budget by governments across the world are accelerating the market growth. Demand for vaccines from underdeveloped and developing countries due to the spread of diseases will impact the demand for vaccine Shippers.
As Covid vaccines require low temperatures, the demand for heat-sensitive shippers will increase. The demand for more heat sensitive and freeze sensitive shippers is increasing due to the variety of vaccines that are being produced and shipped across the world, this provides scope for new developments in the Vaccine shippers market.
Research and development organizations and other pharmaceutical companies are investing in the development of new vaccines this will increase the demand for different vaccine shippers.
Improvement in healthcare infrastructure, extensive research and development activities drive the market growth further. Previously companies incurred losses due to the damage occurred during the transit; hence companies should start investing in developing more robust vaccine shipper to eliminate any vulnerability to minimize losses.
The demand for ease and convenience vaccine shipping is providing an opportunity for vaccine shipper manufacturers to develop new products and increase their revenues.
Principal Consultant
The demand for pallet shippers is expected to increase as the vaccines require more safe and durable container which can withhold extreme temperatures and for a longer period. The pallet shipper size in the USA is 1200mm x 1000 mm, the Euro pallet size is 1200mm x 800mm and the height should not exceed 1600mm.
Based on the region, the North America and APAC region will see a steady increase in demand. European market demand for vaccine shippers is also increasing owing to the vaccination drive which is going on. Asia region is expected to register the highest CAGR in future. Demand from the African region is also expected to increase as the government is investing in healthcare.
High Performing vaccine shippers are required to hold the subzero temperatures. Pallet shippers with larger dimensions will see an increase in demand as larger quantities of vaccines is being transported.
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Vaccine Shippers Market
