COVID-19 Pandemic to Invite Shining Prospects for Growth across Vials Market, TMR Projects Valuation of ~US$ 9.6 Bn by 2027-End

ALBANY, N.Y., Aug. 12, 2020 /PRNewswire/ -- The vials market may sail smoothly on the waves of numerous growth opportunities across the forecast period of 2019-2027. The increasing demand for vials, especially across the cosmetic and pharmaceutical industry, may bring extensive growth opportunities. The expansion of the vials market can be attributed to the escalating number of novel therapeutic drugs that are approved and have to be administrated through vials. In addition, cost-effectiveness and large-scale availability are also generating growth for the vials market.

Based on the exhaustive research carried out on various parameters of growth, the TMR analysts predict a CAGR of ~5 percent during the forecast period of 2019-2027. The global vials market was valued at ~US$ 908 mn in 2017 and is expected to reach a valuation of ~US$ 9.6 bn by 2027.

The COVID-19 pandemic has brought immense demand for vials and may continue to bring magnifying growth for the vials market. Furthermore, drugs like Remdesivir are in full demand across the globe and this aspect may generate exponential growth opportunities for the vials market.

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Vials Market: From Analysts' Perspective

The analysts at Transparency Market Research predict a positive growth period for the global vials market. The avant-garde innovations in the pharmaceutical packaging industry may serve as a prominent growth aspect for the vials market according to the analysts. The analysts also highlight the emergence of advancements such as gamma-sterilized vials and stoppers that offer great convenience to the healthcare providers.

The analysts advise the manufacturers in the vials market to find ways for tackling the problem of delamination in glass vials due to sodium-borate volatilization.

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Vials Market: Important Revelations

• Patent expiration of numerous biologics are leading to the introduction of biosimilars, thus increasing the growth rate of vials market
• High adoption of glass vials as compared to alternative containers to boost the growth rate of vials market
• Vials with superior chemical resistance to gain substantial growth for the vials market
• Use of boron-free glass for the production of vials to gain momentum across the forecast period of 2019-2027

Explore 195 pages of cutting-edge research, extensive insights, and detailed projections. Analyze and discover the latest developments in the Vials Market (Capacity: Up to 2 ml, 3 ml - 5 ml, 5 ml - 7 ml, 8 ml and above); Material: Glass, Plastic (Thermoplastics, Thermosets); End Use: Personal Care, Chemicals, Healthcare (Research Laboratories & Clinical Research, Drug & Manufacturing, Hospitals)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/vials-market.html

Vials Market: Growth Dimensions

Immense support from the government through initiatives like Operation Warp Speed for expanding the production of vials is bringing great growth prospects for the vials market. The growing influence of vials in the healthcare sector may turn out to be a prominent growth aspect for the vials market.

• Large-scale investments from various conglomerates are aiding in increasing the growth rate of the vials market
• Expansion of vial production plants proving to be a great growth generator for the vials market
• The use of vials for accurate dosage of medicines to patients may gain considerable growth for the vials market
• Partnerships and joint ventures are bringing exponential growth for the vials market

Analyze global vials market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

How Can COVID-19 Pandemic Revolutionize Global Vials Market?

Prominent researchers across the globe are in the process of discovering a vaccine for optimizing the threat of the novel coronavirus pandemic. The increasing fatalities around the world have also led to recommendations for drugs like Remdesivir effective in treating serious COVID-19 patients. The global demand for Remdesivir has eventually led to an increase in demand for vials.

The manufacturers in the vials market are also concentrating on creating specialized small glass vials to deliver potential coronavirus vaccines around the world. Governments and drug manufacturers are placing large orders across the globe worth millions. This aspect is leading the vial production companies to expand production capacities.

The use of new materials to manufacture vials is also gaining considerable momentum. For instance, Honeywell has decided to manufacture vials through Aclar thermoplastic film for meeting the shortage of glass due to the increase in demand for glass vials. Such advancements are expected to bring revolutionary growth for the vials market during the forecast period.

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Global Vials Market: Segmentation

By Capacity

• Up to 2 ml
• 3 ml – 5 ml
• 5 ml – 7 ml
• 8 ml and above

By Material

• Glass
• Plastic
• Thermoplastics
• Polypropylene
• Polycarbonate
• Poly Vinyl Chloride
• HDPE
• Thermosets
• Urea
• Formaldehyde
• Phenol Formaldehyde
• Melamine formaldehyde
• Others

By End Use

• Personal Care
• Chemicals
• Healthcare
• Research Laboratory & Clinical Research
• Drug Manufacturing
• Hospitals

By Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:

Cryogenic Vials Market – Global cryogenic vials market is a million dollar market and is projected to have a steady growth through 2027. This steady growth can be attributed to the application of cryogenic vials for healthcare industry. The global demand for cryogenic vials is a large-scale phenomenon because it is considered the most suitable tool for conveying or processing extremely low temperature material

Non-breathable Films Market – Increased number of working women and constant improvement in the standard of living of individuals are likely to positively influence market growth. As health commissions are increasingly focused on improving the health & hygiene infrastructure in Asia Pacific, the demand for disposable hygiene products is on the rise.

Mulch Films Market – Extensive use of mulch films in the agriculture and horticulture sector is prospering the mulch films market and this growth may continue in the forecast period 2019-2027. Mulch films are widely used on the soil to reduce weed growth and enhance crop yield. They are also used for retaining moisture levels in the soil and protecting the soil from ultraviolet (UV) rays.

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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