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(Transportation-News.com, January 14, 2017 ) A vial is a small vessel made of glass or plastic, mainly used for storing a medicinal solution, drug, or powder. It is the most prevalent healthcare packaging solution. Since packaging of medicines is a complex process because of their molecular and chemical structures, they need to be packed in protective and durable materials to prevent contamination. The evolution of new diseases and increased health awareness have brought a transformation in the vial packaging market. Companies are making use of high-tech glasses and green plastics to keep medicines safe and are prioritizing environmentally-friendly products.
Technavios analysts forecast the global vials primary packaging market to grow at a CAGR of 11.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global vials primary packaging market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.
The market is divided into the following segments based on geography:
North America
Europe
APAC
ROW
Technavio's report, Global Vials Primary Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Corning
Gerresheimer AG
O.Berk
Schott
Thermo Fisher Scientific
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Other prominent vendors
Acme Vials and Glass Company
Akey Group
Amposan
BMT Corporation
CIRON Drugs & Pharmaceuticals
Friedrich & Dimmock
Global Pharmatech
Hindusthan National Glass & Industries
Jinarth pharma packaging
Kishore Group
Nitin Lifesciences
OCMI-OTG
Pacific Vials
TricorBraun
WHEATON Industries
Market driver
Significant growth in emerging countries
For a full, detailed list, view our report
Market challenge
High operational cost in glass vial packaging
For a full, detailed list, view our report
Market trend
Increased use of COC and COP as raw material
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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