According to the research report ‘Global Pharmaceutical Vials Market Size study, by Drug type {Generic, Branded, Biologic}, By Product {Vials, Bottles, Cartridges & Syringes, Ampoules}, By Distribution Channel {Direct Sales, Medical Stores/Pharmacies, E-commerce, others}, By End User {Pharmaceutical Companies, Biopharmaceutical Companies, Contract/Manufacture Company, Compound Pharmacy, Others}, By Neck Type {Screw Neck, Double Chamber, Crimp Neck, Flip Cap, Others}, Regional Forecasts 2021-2027’, available with Market Study Report, global pharmaceutical vials market was worth USD 7.6 billion in 2020 and is expected to witness 8.8% CAGR during 2021-2027, thereby accumulating USD 13.5 billion by the end of analysis timeframe.
 

High demand of packaging in the pharma sector, especially after the COVID-19 pandemic outbreak which lead to development of new drugs & vaccines, is driving the growth of global pharmaceutical vials market.
 

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For the unversed, vials are basically containers used in the pharma sector for storing powder or liquid form of medicine. They come is different sizes and colors and are made of either plastic or glass.
 

Several countries and organizations are opting for high-tech and safe storage of drugs, boosting the demand for customized packing, thus stimulating the industry expansion.
 

On the contrary, high manufacturing cost due to the usage of advanced machinery, and strict government rules are impeding the progress of the industry.
 

With respect to product terrain, the bottle segment captured a revenue share of 35% in worldwide pharmaceutical vials market in 2020. On the other hand, the ampoules segment held a volume share of 74.1% in 2020.
 

Moving on to the geographical ambit, Europe market is currently flourishing with a significant rate, owing to development of pharma sector, rising purchase capacity of the people, increasing awareness about new drugs, and presence of prominent players in the region.
 

Meanwhile, Asia Pacific market is also witnessing a surge in demand for vials due to high production output, and rising vaccination demand. The market in North America recorded a volume share of 34.69% in 2020, attributed to adoption of high-tech equipment for manufacturing of vials.
 

Key players like Nipro Corporation, Amposan S.A., O. Berk Co. LLC, Pacific Vial Manufacturing Inc., Borosil Glass Works Ltd., Schott AG, SGD Pharma India Ltd., Hanna Instruments Inc., and Phoenix Glass LLC. define the competitive landscape of global pharmaceutical vials market.