The global sales vaccine vial rubber stopper market are estimated to be worth USD 1.6 billion in 2021 and are anticipated to reach a value of USD 2.7 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 vial rubber stopper in 2020 was USD 1.5 billion.
Vaccine vial rubber stopper market used mainly in healthcare packaging industry pushed by the globally increasing demand for vaccines. The vaccine vial rubber stoppers are crucial in maintaining the sterility and integrity of the vaccine during storage and shipping. Global vaccination campaigns, increasing regulations, and pharmaceutical packaging advancements are highly influencing the vaccine vial rubber stopper.
The need for reliable and secure packaging solutions for enhanced safety and efficacy of the vaccines is influencing the market growth. The advancements and innovations in multi dose vials, new vaccines, formulations, delivery methods, etc. are highly influencing factors for the market growth.
Global Vaccine Vial Rubber Stopper Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.5 billion |
| Estimated Size, 2021 | USD 1.6 billion |
| Projected Size, 2031 | USD 2.7 billion |
| Value-based CAGR (2021 to 2031) | 5.7% |
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The COVID-19 pandemic has affected many lives, including critical challenges to front-line workers, caretakers, vaccine manufacturers, and packaging suppliers. Packaging plays a vital role in vaccine protection, transportation, and distribution. Vial sealing is a critical process that ensures sterility and leakage prevention of the final product.
Vaccine vial rubber stoppers are good in airtightness, heat resistance, alkaline and acid resistance, and high internal cleanliness. The vaccine vial rubber stoppers maintain better chemical stability and quality of the medicine. These vaccine vial stoppers are made of high-quality rubber material, which is washable, durable, reusable, and resistant to high and low temperatures. They create a significant barrier that extends the life of the material inside the bottle.
The vaccine vial rubber stoppers protect the medicines from environmental impacts, bottle closure integrity, and safety. The rubber stoppers for vaccine vials must have specific properties to seal the vaccine at high ambient and extremely low temperatures. Thus, rubber stoppers seal the vaccine doses in vials and have been mobilized as part of the global fight against the coronavirus.
The COVID-19 fatal disease has put the global community and the economy on the verge of downfall. With the skyrocketing demand for the vaccination around the globe, the need for vaccine vial rubber stoppers has increased tremendously. Additionally, the increasing demand for lyophilisation also raises the demand for the vaccine vial rubber stopper market.
The vaccine vial rubber stoppers have stable chemical properties, good biological safety, no pyrogenous substance, and physiological toxicity. Additionally, they have good drug compatibility and don’t absorb and mitigate when directly contacting the liquid medicines.
They avoid entering any impurities and contaminant-free protection and increase the drugs’ shelf life, leading to market growth. The vaccine vial rubber stopper market is witnessing high growth because it provides a perfect barrier against moisture, gases, and UV rays. Thus, the vaccine vial rubber stopper is anticipated a high growth.
After the COVID-19 vaccine roll out globally, the pressure is mounted on the manufacturers to distribute the vaccines quickly. Producing and supplying the millions of vaccine doses required enormous quantities of vaccine vial rubber stoppers, which few companies manufactured.
Limited production capacity, shortage of personnel, scarcity of raw material, lack of coordination, and massive manufacturing effort to produce the vaccine vial rubber stopper at an accelerated speed to cut delivery time were some of the challenges that could affect the growth of the product. The rubber stopper for vaccine doses requires Government approval as per specifications.
Therefore, the task of manufacturing billions of rubber stoppers within a few months lead time and as per the specific properties with sterilization to make it available to the public as quickly as possible could restrain the growth of the vaccine vial rubber stopper market.
Key players such as
are actively involved in vaccine vial rubber stopper market for different applications.
Key Asian players such as
are actively involved in vaccine vial rubber stopper market for different applications.
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The manufacturers involved in manufacturing vaccine vial rubber stoppers are coming up with innovations and adopting various strategies such as product launches to serve the increasing demand for the vaccine rubber stopper market.
India is a developing country with a vast population; several vaccinations made mandatory by the Indian Government to protect infants and adults from harmful diseases. The top vaccinations such as BCG vaccine, DPT vaccine, Oral Polio vaccine, MMR vaccine, Hepatitis B vaccine are administered to the babies at birth.
Additionally, the highest growth of the pharmaceutical sector, increasing research and development in the medical field, increasing the number of chemical and pathological laboratories, raising awareness of the people towards health and hygiene during the COVID-19 pandemic could boost the growth of the vaccine vial rubber stopper market in the Indian market.
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Vaccine Vial Rubber Stopper Market
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