The global plastic vials market will expand at a compound annual growth rate (CAGR) of 6.40% from 2024 to 2034. By 2034, sales of plastic vials are expected to reach USD 3.9 billion, up from USD 2.1 billion in 2024.
Plastic vials are small plastic containers used to store the content or to collect the samples. The plastic vials help in protecting the content from the external environment as well as keeping the content at the required temperature.
The plastic vials offer better thermal insulation compared to other vials made from other materials. Also, the plastic material is a strong material it reduces the fear of vials getting broken down. This helps in reducing the need for replacing the lost sample.
The plastic vials are made available in different capacities such as up to 2 ml, 3-5 ml, 5-7 ml, and 8 ml & above. These vials are used in various end use industries such as pharmaceuticals & healthcare, cosmetic & personal care, and others.
The demand in the plastic vials market is expected to burgeon due to the increasing need for vials in the pharmaceutical industry. Rise in the spread of the different virus across the world will propel the demand for plastic vials in the pharmaceutical & healthcare industry.
Moreover, the plastic vials can be easily cleaned and sterilized which gains popularity among the end use industries. The plastic vials are light in weight and easy to handle which helps in reducing the transportation & extra storage cost. The expanding personal care & cosmetic industry helps in bolstering the demand for plastic vials.
Future Market Insights (FMI) opines, key players operating in the plastic vials market will witness remunerative growth opportunities due to the innovation & customization offered by manufacturers of plastic vials.
Key Takeaways from Plastic Vials Market
- Material-wise, the 44.7% market share goes to COC/COP in 2024
- Healthcare remains the dominant end-user with a market share close to 39.5% by 2024.
- The United States is anticipated to maintain leadership in driving the development of the plastic vial market, given its forecast CAGR of 5.1% till 2034
- The demand for plastic vials in the United Kingdom is set to accelerate at a CAGR of 3.7% till 2034.
“ Rising need to maintain and keep the content at the right and required temperature among pharmaceutical, personal care & cosmetic, and chemical industries will augment the sales of plastic vials.” –says FMI Analyst
Expansion of Pharmaceuticals & Healthcare Sector to Bolster Plastic Vials Sales
The development of various drugs and medications among various global pharmaceuticals & healthcare companies supplement the sales of plastic vials. Expansion of pharmaceutical & healthcare sector is driving the demand for plastic vials across the globe.
Increasing patient pool in hospitals due to different illnesses and health problems is also expected to bolster the demand for plastic vials. Subsequently, growing production of pharmaceutical drugs and products will push the sales of plastic vials.
Key Segments
By Material:
- Polyethylene
- Polypropylene
- Polycarbonate
- Polyvinyl Chloride (PVC)
- Polystyrene
- COC/COP
By Capacity:
- Up to 2 ml
- 3 ml to 5 ml
- 5 ml to 7 ml
- 8 ml & above
By End Use:
- Healthcare
- Research Laboratories
- Drug Manufacturers
- Hospitals and Clinical Research
- Personal Care &Cosmetics
- Chemical Industry
- Homecare Products
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Plastic Vials Market Landscape
Gerresheimer AG, Berry Global Inc., Wheaton (DWK Life Science Inc.), Thornton Plastics, Schott AG, and Sigma-Aldrich Co. LLC are some of the key players operating in the plastic vials market. Also, some of the noticeable players in the plastic vials market include Suncity Plastic Vial Factory, Althor Products, LLC, Containers Plus, Genius Style (India) Pvt. Ltd., and others. The players in tier 1 hold around 10-15% of the global plastic vials market.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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