The vials market size is projected to reach US$13,486.630 million by 2027. Vials are used in a variety of fields, including biotechnology, life sciences, chemicals, personal care, healthcare, food and beverage, pesticides, and insecticides. Among all the applications, the one that is common to almost every aspect that human lives interact with is that of biotechnology. Whether it's pharmaceuticals, molecular gastronomy, or agriculture (to name a few), the role of biotechnology is ubiquitous.
This is palpable by the rate of investments that take place throughout any given financial year in various nations between various stakeholders. Taking the most recent and most talked about subject into consideration that is the COVID-19 and the resultant pandemic that is raging throughout the world, biotechnology innovation has gained a lot of steam as the need to develop a vaccine is of prime importance. To this end, it may be noted that ARCH Venture Partners increased its funding by $1.46 billion to support new tech development. Just to provide a bit more insight into the aforesaid ARCH portfolio companies, Vir Biotechnology, Alnylam Pharmaceuticals, VBI Vaccines, Brii Biosciences, and Sana Biotechnology are all working on COVID-19 therapeutics. Furthermore, to support clinical testing and clinical trial development, Quanterix is developing a relevant technology. Twist Biosciences is another company that has gene-editing tools that the company believes can support therapeutic and vaccine development that has been backed by ARCH. Another entity, Bellerophon, received emergency access approval from the FDA because of being the developer of inhaled nitric oxide delivery technologies that possesses the capability to be used as a treatment to treat the distress associated with COVID-19. Further, in March 2020, Sumitomo Chemical, a globally renowned chemical company based out of Japan made a strategic investment in Conagen a biotech entity based out of the Greater Boston area. Conagen’s synthetic biology research and development that is geared towards contributing to a clean and sustainable planet will be propelled by this investment.
The objective of this investment is to materialise the shared vision of bio-designing and making sustainable green chemicals available in the market, ultimately reducing the global chemical footprint and making the environment safer. Further, in March 2020, a $1.1 billion capital raise was concluded by Flagship Pioneering, a life sciences innovation enterprise to support the creation of human health and sustainability companies that have come into being and are functioning within its Flagship Labs unit. Thus, with avid interests among various stakeholders along with the exigencies of the pandemic as well as other pressing matters that cause immense stress on the global ecosystems, R&D investments not only related to biochemistry as exemplified above but also a host of other scientific fields will be set in motion during the forecast period, thereby necessitating the utilization of various types of vials, which in turn is expected to fuel the vial market during the forecast period and beyond.
The favourable government policies that are facilitating impact investment and other mechanisms that are aimed at the plausible alleviation of various issues are further expected to promote market growth. For example, 3.5 percent of the gross domestic product (GDP) has been set aside for R&D by 2025 [Source: The Federal Funding Advisory Service for Research and Innovation]. With regards to India, the Department of Biotechnology (DBT) under the Ministry of Science and Technology, Government of India jointly with the Indian Council of Medical Research (ICMR), formulated and made amendments in the National Guidelines for Stem Cell Research. As per the recommendation of the inter-ministerial meeting, "National Guidelines for Stem Cell Therapy" is also being formulated jointly with ICMR and other stakeholders. Further, in 2018, India has committed to an investment in R&D programmes by announcing the funding opportunity announcement of US$17 Million on Sustainable Biofuels, Converting Sunlight, and Carbon Capture Innovation Challenge. A total of 47 collaborative projects have been recommended for funding support in the above three areas [Annual Report January 2018 – March 2019, Department of Biotechnology, Ministry of Science & Technology, Government of India]. Thus, with such aforesaid exemplification of government interventions, the facilitation of biotechnological among others will even more emphatically which will increase the demand for vials, the inseverable component of any research lab around the world. As a result, the Vials market is expected to grow during the forecast period
Concomitant to the technological front, the boom in personal care products and the inclusion of phytochemicals whose end products are sold as nutraceuticals are also poised to drive the growth of the vial market. This demand stems from the increasingly health-conscious urbanites who are keener on doing away with for example skincare products that contain harmful chemicals. Further, unemployed unindividual whose disposable income has increased during recent years aspire to products that are above premium quality products, and the basket now increasingly includes more products from the luxury segment. This development is causing market players in various segments to increase and expand their product portfolios in order to attract new customers and retain existing ones. Therefore, increasing the demand for vials that do not only find their application in product development but also are purchased off the shelf of the store containing a particular product. This propelled the demand for vials during the forecast period.
Key Developments in the Market
COVID-19 had a positive impact on the global glass vials market. The rapid surge of the pandemic led to increased investments in developing vaccines against the pandemic. Consequently, the demand for glass vials to effectively and safely package and supply the vaccines also increased exponentially.
|Market Size Value in 2027||US$13,486.630 million|
|Growth Rate||CAGR during the forecast period|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Capacity, Material, Filling Technology, End User, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Berry Global, Inc., Bio-Rad Laboratories, Inc., Bormioli Pharma S.p.a., Empire Industries Limited- Vitrum Glass, Gerresheimer AG, Gilson Incorporated, Haldyn Glass Gujrat Ltd., JOTOP GLASS, Merck KGaA, NIPRO, Pacific Vial, PerkinElmer Inc., Piramal Glass Private Limited, Restek Corporation, SCHOTT AG, SGD Pharma, Shimadzu Corporation, Silver Spur Corporation, etc.|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the vials market size by 2027?
A1. The vials market is projected to reach a market size of US$13,486.630 million in 2027.
Q2. What is the base year considered in the vials market report?
A2. 2020 has been taken as the base year in the vials market.
Q3. Who are the major players in the vials market?
A3. Prominent key market players in the global vials market include Agilent Technologies, Inc, Berry Global, Inc., Bio-Rad Laboratories, Inc., Bormioli Pharma S.p.a., Empire Industries Limited- Vitrum Glass, and Gerresheimer AG, among others.
Q4. What factors are anticipated to drive the vials market growth?
A4. The favourable government policies which are facilitating impact investment and other mechanisms that are aiming at a plausible alleviation of various issues are further expected to promote vials market growth.
Q5. How is the vials market segmented?
A5. The global vials market is segmented by capacity, material, filling technology, end-user, and geography.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Industry Value Chain Analysis
5. Vials Market Analysis, By Capacity
5.2. Clay Up to 2 ml
5.3. 3 ml – 5 ml
5.4. 5 ml – 7 ml
5.5. 8 ml and above
6. Vials Market Analysis, By Material
6.2.1. Borosilicate glass
6.2.2. Fused Silica
184.108.40.206. Poly Vinyl Chloride
220.127.116.11. Melamine Formaldehyde
18.104.22.168. Phenol Formaldehyde
22.214.171.124. Poly Urea Formaldehyde
7. Vials Market Analysis, By Filling Technology
7.2. Net weight fillers
7.3. Rotary fillers
7.4. Volumetric fillers
8. Vials Market Analysis, By End User
8.2. Personal Care
8.4.3. Research Laboratories
9. Vials Market Analysis, by Geography
9.2. North America
9.2.1. United States
9.3. South America
9.5. The Middle East and Africa
9.5.1. Saudi Arabia
9.5.2. United Arab Emirates
9.6. Asia Pacific
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. A&L Adelphi Healthcare Packaging (THE ADELPHI GROUP OF COMPANIES)
11.2. Agilent Technologies, Inc
11.3. Berry Global, Inc.
11.4. Bio-Rad Laboratories, Inc.
11.5. Bormioli Pharma S.p.a.
11.6. Empire Industries Limited- Vitrum Glass
11.7. Gerresheimer AG
11.8. Gilson Incorporated
11.9. Haldyn Glass Gujrat Ltd.
11.10. JOTOP GLASS
11.11. Merck KGaA
11.13. Pacific Vial
11.14. PerkinElmer Inc.
11.15. Piramal Glass Private Limited
11.16. Restek Corporation
11.17. SCHOTT AG
11.18. SGD Pharma
11.19. Shimadzu Corporation
11.20. Silver Spur Corporation
11.21. Stevanato Group
11.22. Stoelzle Oberglas Gmbh
11.23. Thermo Fisher Scientific Inc.
11.24. WATERS CORPORATION
11.25. West Pharmaceutical Services, Inc.
A&L Adelphi Healthcare Packaging (THE ADELPHI GROUP OF COMPANIES)
Berry Global, Inc.
Bio-Rad Laboratories, Inc.
Bormioli Pharma S.p.a.
Empire Industries Limited- Vitrum Glass
Haldyn Glass Gujrat Ltd.
Piramal Glass Private Limited
Silver Spur Corporation
Stoelzle Oberglas Gmbh
Thermo Fisher Scientific Inc.
West Pharmaceutical Services, Inc.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.