PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1747981
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1747981
Vaccine Storage and Packaging Market is estimated to be valued at USD 11.37 Bn in 2025 and is expected to reach USD 24.82 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 11.37 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 11.80% | 2032 Value Projection: | USD 24.82 Bn |
Vaccine storage and packaging refer to various laboratory devices and equipment used to preserve, store and transport vaccines. Some of the commonly used vaccine storage equipment include refrigerators and freezers that store vaccine vials, ampoules, and corrugated boxes. The vaccines are packed and stored in individual containers and bundled together in cold boxes and carriers under cold chain facilities that regulate and maintain the desired internal temperature for ensuring the safe transportation of the product. As a result, they find extensive applications across blood banks, hospitals, laboratories, pharmacies, and other healthcare centers.
The increasing prevalence of various viral infections and immunological disorders across the globe represents one of the key factors driving the growth of the market. With the onset of the coronavirus disease (COVID-19), there is a significant increase in the requirement for efficient vaccine storage and packaging facilities. Furthermore, rising awareness regarding the early diagnosis and prevention of infectious diseases has enhanced the demand for protective vaccines and is also driving the market growth The demand for vaccine storage & packaging products and services will increase, owing to rising awareness regarding vaccinations of newborn babies, which in turn will drive the growth of the vaccine storage & packaging market.
Covid-19 pandemic has positively affected the vaccine storage and packaging market attributed to the lockdown in various countries worldwide. The major demand for vaccine storage and packaging products was noticed from giant manufacturing countries like the U.S., Germany, Italy, U.K., China, and India which have been affected by the spread of coronavirus, thereby increasing the demand for vaccine storage and packaging.
Key features of the study