Vaccine Storage & Packaging Market Witnesses Rapid Growth with Emergence of Covid-19 Worldwide

 

Vaccine Storage & Packaging Market

Vaccine storage and packaging are a procedure of packaging vaccines so as to safely distribute them throughout the world without any sort of contamination or harm. Emergence of Covid-19 has led to rapid increase in demand for these services, thereby aiding in growth of the vaccine storage & packaging market. Globally, as of 11:32am CEST, 17 June 2021, there have been 176,531,710 confirmed cases of COVID-19, including 3,826,181 deaths, as reported to the World Health Organization. As of 14 June 2021, a total of 2,310,082,345 vaccine doses have been administered.

There is an urgent need for storage and packaging of vaccines because of its critical importance especially in the world where there is constantly a rise in the number of people affected with Covid-19. Hence, the vaccine storage & packaging market is flooded with all sorts of vaccine storage and packaging products. There is no doubt that there is plenty of competition in the market. However, you can find numerous effective and efficient products from a reputed vaccine manufacturing company at your doorstep.

Vaccine packaging level segment in the vaccine storage & packaging market provides a complete range of vaccines for different diseases like meningitis, pneumonia, influenza and yellow fever. There is also an increase in demand for HPV vaccines in the market. This has been inspired by the success achieved by the vaccines in preventing several types of cervical cancer. Hence, there is an increased demand for these vaccines.

Asia Pacific vaccine storage & packaging market is witnessing rapid growth as Covid-19 cases are increasing at a rapid pace. In India, from 3 January 2020 to 11:32am CEST, 17 June 2021, there have been 29,633,105 confirmed cases of COVID-19 with 379,573 deaths, reported to WHO. As of 7 June 2021, a total of 238,840,635 vaccine doses have been administered. In order to meet the growing needs of the market, manufacturers are looking for cost effective and environment-friendly solutions. They are thus looking for cost effective and reusable packaging. The two primary packaging level segments, i.e., primary packaging level segment and secondary packaging level segment of this product class are expanding at a rapid rate due to several reasons like the increasing demand, rising government health spending on Covid-19 and the availability of supply in the near future.

The secondary packaging is generally used for the storage of drugs in pharmaceutical plants for long term, low price range and for off-site distribution to ensure the fulfillment of the overall production output. During past few years, the vaccine storage & packaging market has witnessed an impressive expansion in the area of in-house storage and packaging. This has been a result of several factors like increasing demand, falling prices of raw materials and improved biopharmaceutical manufacturing process and improved and more efficient vaccines.

There are three major categories of vaccine storage and packaging in the vaccine storage & packaging market. They are primarily designed for adult and children's vaccines and they include suspension type packaging, closed system and single wall packaging. Each of these has its own set of advantages, shortcomings and advantages and all of them are capable of meeting different healthcare industry requirements.


Location: India

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