Global Pharmaceutical Vials Market USD 13.5 Billion by 2027.
Global Pharmaceutical Vials Market reached USD 7.6 Billion in 2020 The Global Pharmaceutical Vials Market tends to grow by a CAGR of 8.80% in the 2021-2027 period.
Vials are small bottles or containers made from either plastic or glass. Vials are mainly used in the pharma sector in hospitals, biopharma, and others. They are used to store the liquid or solid form of medicine. Vials come in various sizes (1ML, 2ML, 3ML, 4ML, and so on) and various colors (Amber, Clear, other). The growing demand for packaging in the pharma sector is the driving factor for this market. Due to the Covid-19 pandemic, there are various vaccines and drugs being produced in different countries which is impacting the vials market positively and will continue to do so in coming years. As the technologies evolve, most of the countries or end-user moving towards the safe and high-tech storage of liquid drugs and that requires customized packaging which is also driving this market.Surging manufacturing cost due to the adoption of high machinery for manufacturing along with government rules and regulations is restraining the market. Bottles held the largest share of 35% in terms of revenue in 2020. Vials are expected to expand at the second-fastest revenue-based CAGR after ampoules from 2021-2027 owing to the current scenario. Ampoules accounted for the largest volume share of 74.1% in 2020.

Europe is currently the most productive vials market on account of the expansion of its pharmaceuticals sector, presence of established industry players, rise in awareness regarding the newly launched drugs, and high purchasing power of their population. In the upcoming years, demand for vials is going to surge in the Asia Pacific (APAC) due to an increase in their production output and increasing demand for vaccines from different companies. North America emerged as a dominating region with a volume share of 34.69% in the year 2020 owing to the innovation and high-tech equipment for the manufacturing of vials.

Major market players included in this report are:
Phoenix Glass LLC
Hanna Instruments
O.Berk
SGD Pharma
Borosil Limited
Nipro Corporation
Piramal Glass Limited
SCHOTT AG
Amposan S.A.
Pacific Vial Manufacturing Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Drug type:
Generic
Branded
Biologic
By Product;
Vials
Bottles
Cartridges & Syringes
Ampoules
By Distribution Channel:
Direct Sales
Medical Stores/Pharmacies
E-commerce
Others
By End-User:
Pharmaceutical Companies
Biopharmaceutical Companies
Contract/Manufacturer Company
Compound Pharmacy
Others
By Neck Type:
Screw Neck
Double Chamber
Crimp Neck
Flip Cap
Others
By Region:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Pharmaceutical Vials Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors