Corked Vials Market: Overview
Corked vials are small glass or plastic bottles used for the storage of medicines. The corked vials provides oxygen barriers and hence it provides maximum shelf life to the medication like powder, liquid, and capsules. The corked vials are having either bottle shape or shape with neck. The small vials used in pharmaceuticals are called as McCarteney’s Bottles. These bottles are specially used for storage of chemicals. The corked vials are primarily made up of glass, however, demand for plastic corked vials is also increasing rapidly. The cork stoppers are lightweight and the tapered shape helps in easy opening and closing option to seal pharmaceutical containers. The market of corked vials is increasing exponentially as the cork is manufactured from the bark of the cork oak tree which is easy to recycle. Because of elasticity it is easily fixing on the vials. The corked vials are impermeable which further adds benefit for stopping leakages from the vials and boost the global market of corked vials. The market of corked vials is highly influence because of increasing awareness about hygiene maintenance. As corked vials are safe and non-contaminated approach for drug delivery, potential growth of corked vials market is expected during the forecast period.
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Corked Vials Market: Dynamics
The key driver for the growth of corked vials is to avoid spreading of chronic diseases. With the increasing pollution, chronic diseases are also increasing. Hence, for controlling safe drug dosing demand for corked vials is rising continuously. The chromatography accessories as well as the packaging market boosts high demand for vials in the global market. The fueling factor for driving the global market of corked vials is advanced technology based chromatography market. The corked vials market are having boosting opportunities on the backdrop of parent markets such as pharmaceuticals. Besides this, increasing number of pathologies, healthcare and research centers are also propelling new opportunities for growing corked vials market across various regions. As the corked vials ensures leak prof material handling, it’s preference for storage of samples is increasing day by day. The market of corked vials are having increasing opportunities because the glass or cork material is not resulting into adverse reactions with any of the chemicals used in the laboratories. The corked vials and bottles market is growing with the changing trends of packaging used specially by food and beverages industries. Small sized corked vials used as fashion jewelry or gift packaging, which further gives soaring demand of cork vials.
There are few restraining factors that might hamper the growth of corked vials market. Different capping and closures are used for sealing vials such as screwed aluminium caps or plastic caps. The corked vial closure is 100% recyclable and eco-friendly, hence it gives added advantages over other capping methods. Glass corked vials are heavy and are having less impact resistance against jerks and transportation. Owing to this, as per the new trend, many key players are adding an extra layer for protection by wrapping glass vials in protective silicone sleeves.
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Corked Vials Market: Segmentation
The corked vials are segmented by considering product type, closure, material, capacity for storage, and end use.
On the basis of Product Type,
- Serum / Specialty glass vials
- Sterile glass vials
On the basis of Closure,
- Tapered Cork
- Cylinder Cork
- Specialty Cork
On the basis of Material,
- Fused Silica
- Low Density Polyethylene (LDPE)
- High Density Polyethylene (HDPE)
On the basis of Capacity,
- Less than 10 ml
- 11 ml to 30 ml
- 31 ml to 50 ml
- 50 ml above
On the basis of End Use,
- Pharmaceutical / Medicinal
- Personal care
- Others (Cosmetics, Jwellery, etc.)
Corked Vials Market: Regional Outlook
The increasing health consciousness is primarily boosting the global market of corked vials in many regions such as North America, Latin America, Europe, Asia Pacific Oceania and MEA. The North America and Europe market is the most mature market for pharmaceuticals. However, continuous developments in medicines industries will boost the market of corked vials in these regions. In Asia Pacific region, India and china are the leading markets for corked vials. In MEA and Oceania region steady growth of corked vials market is witnessed. It is anticipated that, increasing number of health care and pathology across the world is accountable for rising market of corked vials.
Corked Vials Market: Key Players
The key players of corked vials are as follows:
- Advance Cork International
- Berlin Packaging
- Pacific Vials Manufacturing Inc.
- Acme Vial and Glass Company, LLC.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes -
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the component box market
- Historical, current, and projected size of the component box market, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the component box market
- Strategies for key players operating in the component box and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the component box market
- Must-have information for component box market players to sustain and enhance their market footprint