Asia-Pacific Predicted to Witness Surge in Vials Market in Coming Years

submitted 2 years ago by ResearchNews24 to news

The global vials market was valued at $1,263.0 million in 2020, and it will progress at a CAGR of 8.6% between 2021 and 2030, as per the estimates of P&S Intelligence, a market research company based in India. The factors driving the expansion of the market are the soaring production capacity of vial manufacturing companies, surging healthcare expenditure, and booming pharmaceutical industry across the globe. The burgeoning requirement for vials for packaging COVID-19 vaccines is also fueling the market growth.