Vaccine Storage & Packaging Market - Forecast(2024 - 2030)

Report Code: HCR 1383 Report Format: PDF + Excel

Vaccine Storage & Packaging Market Overview

Vaccine Storage & Packaging Market size is estimated to reach $39.8 billion by 2026, growing at a CAGR of 10.1% during the forecast period 2021-2026. Vaccine storage and packaging devices are laboratory products that are used to maintain the life of vaccines and also for avoiding degradation. Vaccine storage & packaging products are increasingly being adopted across the world owing to the growing awareness about the importance of vaccine packaging and the rise in focus by International Organizations, such as the Centers for Disease Control and Prevention (CDC). The rise in the demand for automated storage and retrieval systems for storing vaccines, growing adoption of deuterated solvents, increasing awareness about the importance of proper storage practices for Diphtheria-tetanus-pertussis vaccines, and the growing focus on developing vaccines and Immunization refrigerator by companies like Blue Star are the factors that are set to drive the growth of the Vaccine Storage & Packaging Market for the period 2021-2026.

Report Coverage

The report: “Vaccine Storage & Packaging Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vaccine Storage & Packaging Market.

By Storage Type: Refrigerator, Storage Equipment, Freezer, and Others.
By Packaging Type: Vaccine Bags, Ampoules, Corrugated boxes, Vials, and Others.
By End User: Hospitals and Clinics, Medical Laboratories, Biopharmaceutical Companies, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa). 

Key Takeaways

  • Geographically, the North America Vaccine Storage & Packaging Market accounted for the highest revenue share in 2020 and it is poised to dominate the market over the period 2021-2026 owing to the rise in awareness about the importance of proper storage practices for Diphtheria-tetanus-pertussis vaccines.
  • The increase in the adoption of bio-degradable and lightweight corrugated boxes is driving the corrugated boxes segment. However, stringent government regulations regarding the packaging of various vaccines are one of the major factors that are said to reduce the growth of the Vaccine Storage & Packaging Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Vaccine Storage & Packaging Market report.

    Vaccine Storage & Packaging Market Size, By Storage Type, 2020-2026 (USD Million)

    Vaccine Storage & Packaging Market Size

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Vaccine Storage & Packaging Market Segment Analysis - By Storage Type

The Vaccine Storage & Packaging Market based on the Storage Type can be further segmented into Refrigerator, Storage Equipment, Freezer, and Others. The Refrigerator segment held the largest share owing to the factors such as the growing demand for immunization refrigerators and the increase in the focus by the regulatory organizations regarding vaccine storage. The Food and Drug Administration (FDA) has been authorizing storage of the COVID-19 Vaccine vials in the refrigerator for up to 1 month at 2°C to 8°C. The rise in the importance of advanced refrigerators for storing vaccines is driving the growth of the Vaccine Storage & Packaging Market. The Storage Equipment segment is estimated to be the fastest-growing segment with a CAGR of 10.4% over the period 2021-2026. This growth is owing to the factors such as the increasing demand for automated storage and retrieval systems and the growing inclination towards cost-effective storage equipment.

Vaccine Storage & Packaging Market Segment Analysis - By Packaging Type

The Vaccine Storage & Packaging Market based on the Packaging Type can be further segmented into Vaccine Bags, Ampoules, Corrugated boxes, Vials, and Others. The Corrugated boxes segment held the largest share in 2020 owing to the factors such as the rise in the demand for high compatibility packaging materials and the increase in the adoption of bio-degradable and light-weight corrugated boxes. The growing investment in packaging in countries, such as India is driving the growth of the Vaccine Storage & Packaging Market. According to the Indian Packaging Institute, the packaging companies in the country are using two million tons of Kraft paper to prepare corrugated boxes to meet the increasing demand from the food and pharmaceutical industries. The Ampoules segment is estimated to be the fastest-growing segment with a CAGR of 10.7% over the forecast period 2021-2026. This growth is owing to the factors such as the increase in the utilization of low-cost packaging solutions in emerging economies and the growing demand for glass ampoules for packaging injection-based drugs.

Vaccine Storage & Packaging Market Segment Analysis - By Geography

The Vaccine Storage & Packaging Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 34% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing awareness about the importance of proper storage practices for Diphtheria-tetanus-pertussis vaccines and the increase in the demand for glass ampoules for packaging injection drugs. The rise in the demand for automated storage and retrieval systems for storing vaccines is driving the growth of the Vaccine Storage & Packaging Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the forecast period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for deuterated solvents, growing adoption of bio-degradable corrugated boxes, and the increasing focus on developing Immunization refrigerators by companies like Blue Star.

Vaccine Storage & Packaging Market Drivers

Increase in the Focus on Storage Equipment for Diphtheria-tetanus-pertussis Vaccines is Projected to Drive Market Growth

The Centers for Disease Control and Prevention (CDC) is creating awareness about the importance of storage practices for diphtheria-tetanus-pertussis vaccines to protect individuals from vaccine-preventable diseases, which is one of the major factors driving the growth of the Vaccine Storage & Packaging Market.

Rise in the Demand for Immunization Refrigerators is Expected to Boost Product Demand

Companies, such as Blue Star are developing vaccine and immunization refrigerators owing to their ability to maintain the desired temperature for vaccines for up to 48 hours even without power. Moreover, the companies are also focusing on temperature-controlled refrigerators that are ideal for building an ecosystem for vaccine distribution, which is further propelling the growth of the Vaccine Storage & Packaging Market.

Vaccine Storage & Packaging Market Challenges 

Stringent Government Regulations Regarding Packaging is Anticipated to Hamper Market Growth

Stringent government regulations regarding the packaging of various vaccines are one of the major factors that is estimated to reduce the growth of the Vaccine Storage & Packaging Market. According to the World Health Organization (WHO), the warmest temperature inside the insulated vaccine Class A packaging materials should not rise above 8°C in outside ambient temperatures of 43°C for at least 48 hours.

Vaccine Storage & Packaging Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Vaccine Storage & Packaging Market. Key companies of this market are-

  1. Helmer Scientific
  2. DB Schenker
  3. Cardinal Logistics
  4. PHC Holdings Corporation
  5. Tobin Scientific
  6. DHL International GmbH
  7. McKesson
  8. Thermo Fisher Scientific
  9. Labnet International, Inc,
  10. Vestfrost Solutions among others.

Partnerships/Product Launches:

  • In March 2021, Helmer Scientific has launched GX Solutions freezers for vaccines, blood therapy, and sample storage that are optimized for healthcare applications through noise reduction, temperature performance, and decreased energy use.
  • In December 2020, Tobin Scientific has entered into a partnership with PHCbi to address the unique transportation and storage requirements of COVID-19 vaccines and to use ultra-low temperature freezers for maintaining the correct temperature throughout transit.
  • In October 2020, DHL International GmbH has expanded its facilities by launching state-of-the-art storage facilities. These healthcare-grade facilities will store an inventory of medical devices, vaccines, and pharmaceuticals.

Relevant Links:

Vaccines Market - Forecast (2021 - 2026)
Report Code: HCR 0711

Therapeutic Vaccine Market - Forecast (2021 - 2026)
Report Code: HCR 0397

For more Lifesciences and Healthcare Market reports, please click here

1. Vaccine Storage & Packaging Market - Overview
    1.1 Definitions and Scope
2. Vaccine Storage & Packaging Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Storage Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Vaccine Storage & Packaging Market – Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis – Average Selling Price
4. Vaccine Storage & Packaging Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Vaccine Storage & Packaging Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Vaccine Storage & Packaging Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Vaccine Storage & Packaging Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Vaccine Storage & Packaging Market – By Storage Type (Market Size –$Million/$Billion)
    8.1 Refrigerator
    8.2 Storage Equipment
    8.3 Freezer
    8.4 Others
9. Vaccine Storage & Packaging Market – By Packaging Type (Market Size –$Million/$Billion)
    9.1 Vaccine Bags
    9.2 Ampoules
    9.3 Corrugated boxes
    9.4 Vials
    9.5 Others
10. Vaccine Storage & Packaging Market – By End User (Market Size –$Million/$Billion)
    10.1 Hospitals and Clinics
    10.2 Medical Laboratories
    10.3 Biopharmaceutical Companies
    10.4 Others
11. Vaccine Storage & Packaging Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Vaccine Storage & Packaging Market - Entropy
13. Vaccine Storage & Packaging Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Vaccine Storage & Packaging Market – Key Company List by Country Premium Premium
15. Vaccine Storage & Packaging Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
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