Expected Boost in the Vials Market Growth

The global vials market is estimated to expand at a CAGR of ~5% during the forecast period of 2019–2027.

Vials market Expected to Grow
Vials market Expected to Grow

The growing Inclination of various end users in hospitals and drug manufactures towards vials is boosting the demand for vials among consumers. Insights on this growth are provided in a report on Vials Market by Transparency Market Research.

As well known, it is necessary for drug and pharmaceutical manufacturers to maintain the required quality of medicines while storing and supplying them. Glass vials have become increasingly popular as they are non-reactive with the drugs that are stored in them and feature a longer shelf life and contamination-free storage.

The growing inclination of various end users, such as hospitals and drug manufacturers, towards vials is boosting the demand for vials among consumers. Moreover, glass vials are easily recyclable, and thus, are considered an eco-friendly material. This shifting focus of end users from conventional containers to vials is boosting the demand for vials in the market.

Increasing demand for pharmaceutical products across the world is creating massive opportunities for pharmaceutical packaging manufacturers to generate a significant amount of revenue during the forecast period. Leading manufacturers are investing in the pharmaceutical packaging sector to strengthen their market position.

For instance, Schott AG, a vial manufacturer, recently investedUS$ 333 Mnin pharmaceutical packaging for the expansion of its core business of glass tubing.

Some of the key players in the global vials market that are included in the report areGerresheimer AG, Schott AG, Berry Global, Adelphi Healthcare Packaging, Nipro Corporation, West Pharmaceutical Services, Bormioli Pharma S.p.a, Pacific Vial Manufacturing, APG Pharma Packaging, and Stevanato Group.

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