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Vial Box Market

Vial Box Market By Material Type (Plastic - Polyethylene, Polypropylene, PET, Aluminum), Capacity (0.5 ml - 1 ml, 1 ml - 2 ml, 2 ml - 5 ml, above 5 ml), End Use (Hospitals & Clinics, Drug Manufacturers, Clinical/Forensic Labs, Healthcare Institutions) & Region - Forecast 2022-2032

Market Insights on Vial Box covering sales outlook, demand forecast & up-to-date key trends

Vial Box Market Overview

The vial box market is expected to expand its roots at an average CAGR of 6.1% during the forecast period (2022-2032). The global market holds an estimate revenue of US$ 7.54 Bn in 2022 and is likely to cross US$ 12.85 Bn by the end of 2032.

Attributes

Details

CAGR (2022-2032)

6.1%

Value (2022)

US$ 7.54 Bn

Value (2032)

US$ 12.85 Bn

Vial boxes are made of plastic or aluminum that contain multiple vials. A vial is a small cylindrical bottle that is mainly used in the medical sector for containing medicines or formulas. Medical packaging plays a vital role in the storage of medical equipment.

Vials are made to store drugs, serums, and specimens used for research purposes or medical use. Vial boxes have water-resistant properties so that vials can be stored at low temperatures, retaining the properties of serum or liquid it is carrying.

Demand for vial boxes increases as the government initiates medical research programs. Covid-19 has also increased the sales of vial boxes and vials as it is largely used in the diagnostics sector. The sales of vial boxes increase with the use of vials in the pharmaceutical industry. 

What are the Key Drivers and Restraints to the Vial Box Market?

The global market of vial box is expected to witness considerable growth during the forecast period. A vial box is identified by the vial box diameter and vial box height. The vial box is a rugged polycarbonate box that can withstand temperatures of -196 °C to +121 °C.

Vial box manufacturers are focusing on easy handling and transportation of sample vials. Pharmaceuticals packaging also exhibited high demand for glass packaging and has influenced market growth in the future, fueling the sales of vial boxes.

Additionally, the effectiveness of preserving the vials is likely to fuel the demand for vial boxes in the near future. Depending on this aspect, the global market of vial box is projected to witness significant growth during the forecast period.

To avoid delamination, most vial box manufacturers are utilizing thermal cycle optimization with a low heat energy forming process and following qualitative test methods to ensure the stability and quality of the vials production aligned with the USP1660. This pushes the sales of vial boxes.

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Which is the Key Vial Box Market?

On the basis of region, the global vial box packaging market is segmented as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa, and Japan. The North American vial box market is expected to lead the global vial box market.

The U.S. is expected to lead the North American vial box market, while Canada is expected to register notable growth in the global vial box market. The Europe vial box market is expected to remain top in terms of the value and volume of the global vial box market. Rapid growth in the pharmaceutical industry is expected to drive the demand for vial boxes.

How is Asia Pacific Excluding Japan (APEJ) Contributing to Growth of the Vial Box Market?

The Asia Pacific Excluding Japan (APEJ) is expected to closely follow the global vial box market. Emerging countries such as China & India in the Asia Pacific region are exhibiting lucrative growth opportunities in the global vial box market.

In the Middle East & Africa (MEA) and Latin America region, the vial box market is projected to witness substantial growth over the forecast period.

Ismail Sutaria
Principal Consultant
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Which are the Key Competitors of Vial Box Market?

The key players of the Vial box market are focusing on mergers and collaborations that are fueling the sales of Vial box. Also, companies focus on using better quality and A grade raw materials and innovative technology. 

Key players in the vial box market include Alpha Packaging, Acme Vial & Glass Company, Dongguan Yaolin Industrial Co. Ltd, Xiamen Weihua Industry & Trade Co. Ltd and Dongguan Caicheng Printing Factory.

Recent Market Development:

  • Alpha Packaging has introduced its new series of aluminium and plastic vial boxes that come in PET Eco-line, enhancing the storage experience. This pushes the sales of vial boxes.
  • Acme Vial & Glass Company has completed its 80 years in the market and has launched its new series of perfume sampler, display, shell and patent vials boxes, fueling the sales of vial boxes.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 6.1% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD Billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Material Type, Capacity, End User, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Alpha Packaging, Acme Vial & Glass Company, Dongguan Yaolin Industrial Co. Ltd, Xiamen Weihua Industry & Trade Co. Ltd, Dongguan Caicheng Printing Factory

Customization scope

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Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

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Key Segments Profiled in the Vial box Market

Material Type:

  • Plastic
    • Polyethylene
    • Polypropylene
    • PET
  • Aluminum

Capacity:

  • 0.5 ml – 1 ml
  • 1 ml – 2 ml
  • 2 ml – 5 ml
  • Above 5 ml

Application:

  • Hospitals & Clinics
  • Drug Manufacturers
  • Clinical/Forensic Labs
  • Healthcare Institutions

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East & Africa

Frequently Asked Questions

North America is the biggest market in the vial box market and will be helpful in increasing the vial box market size. The factors that lead to high growth throughout this region are increased use of it in medical and healthcare research and pharmaceutical research and development industry. This leads to the high demand for vial box in developed countries like US and Canada.

Key competitors holding substantial Vial box market share include Alpha Packaging, Acme Vial & Glass Company, Dongguan Yaolin Industrial Co. Ltd, Xiamen Weihua Industry & Trade Co. Ltd and Dongguan Caicheng Printing Factory

Demand for Vial boxes is likely to increase with its increased use in pharmaceuticals, and government bases research and development. This drives the sales of vial boxes in new regions.

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Ismail Sutaria
Principal Consultant
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