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Dublin, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The "Vaccine Storage & Packaging Market Share, Size, Trends, Industry Analysis Report, By Function Type; By End-Use; By Regions; Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. The global vaccine storage & packaging market size is expected to reach USD 43.8 billion by 2027, according to the study.Vaccines are being stored in its original packaging with lids enclosed in separate containers until it is ready for administration to protect it from the light and to provide additional thermal protection. Vaccine storage equipment is the laboratory equipment utilized to maintain and preserve the life of vaccines in the desired condition. It also helps to prevent vaccines from degradation.Vaccine storage equipment provides storage at varying temperatures ranging from 86 to 65 degree Celsius. Also, it is available in various capacities as per the necessities of an end-user. Moreover, vaccine storage equipment has a huge application in medical laboratories, biotechnology companies, pharmacy stores, blood banks, hospitals & other health care institutes.Recent developments in the market include the launch of Solar Vaccine Refrigerator (SDD refrigerators) and Radio Frequency Identification (RFID) Refrigerators. The advanced refrigerators & freezers help in temperature regulation along with the preservation of vaccines.The growing government venture on vaccination programs will offer lucrative opportunities for the growth of the global market. The issues including in-house storage and packaging abilities and budget barriers faced by biopharmaceutical organizations, government centers, and academic institutions are estimated to drive the development of the global market. However, technological developments in refrigerators and freezers utilized for vaccine storage and transportation will further fuel the market growth.Market participants such as Lineage Logistics, DB Schenker, AmerisourceBergen, DHL, Thermo Fischer Scientific, Cardinal Logistics, McKesson; Panasonic Healthcare co., LTD., Arctiko A/S, American Biotech Supply, NIPRO are some of the key players operating in the global market.Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Also, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.In June 2020, Moderna, Inc., a clinical stage biotechnology company has announced a partnership for the large-scale, manufacturing of the Moderna's mRNA-based COVID-19 vaccine (mRNA-1273) at Catalent's biologics research center in Bloomington, Indiana. As per the agreement, Catalent will offer a vial filling & packaging capacity, alongwith the staff requirements for the 247 manufacturing operations at the site to assists in development of an initial 100 million doses of the vaccine to supply at the U.S. market by Q3 of 2020.Key Topics Covered: 1. Introduction2. Executive Summary3. Research Methodology4. Vaccine Storage and Packaging Market Insights4.1. Vaccine Storage and Packaging - Industry snapshot4.2. Vaccine Storage and Packaging Market Dynamics4.2.1. Drivers and Opportunities4.2.1.1. Government sponsored immunization programs4.2.1.2. Rising investment in vaccine storage solutions4.2.2. Restraints and Challenges4.2.2.1. Probable side effects4.3. Porter's Five Forces Analysis4.4. PESTLE Analysis4.5. Vaccine Storage and Packaging Market Industry trends5. Vaccine Storage and Packaging Market Assessment by Function Type5.1. Key Findings5.2. Introduction5.2.1. Global Vaccine Storage and Packaging Market, By Function, 2016-2027 (USD Million)5.3. Storage5.3.1. Global Vaccine Storage and Packaging Market, by Storage, by Region, 2016-2027 (USD Million)5.3.2. Storage Equipment5.3.2.1. Storage Equipment Market, by Region, 2016-2027 (USD Million)5.3.2.2. Refrigerators5.3.2.3. Freezers5.3.3. Service5.3.3.1. Services Market, by Region, 2016-2027 (USD Million)5.3.3.2. Warehouse Storage5.3.3.3. Transportation5.4. Packaging5.4.1. Global Vaccine Storage and Packaging Market, by Packaging, by Region, 2016-2027 (USD Million)5.4.2. Packaging Material5.4.2.1. Packaging Material Market, by Region, 2016-2027 (USD Million)5.4.2.2. Vaccine Bags5.4.2.3. Vials5.4.2.4. Ampoules5.4.2.5. Corrugated Boxes5.4.3. Packaging Level5.4.3.1. Packaging Level Market, by Region, 2016-2027 (USD Million)5.4.3.2. Primary5.4.3.3. Secondary5.4.3.4. Tertiary6. Global Vaccine Storage and Packaging Market, by End Use6.1. Key Findings6.2. Introduction6.3. Retailers6.4. Forwarding & Clearing Agents6.5. Distributors6.6. Others7. Vaccine Storage and Packaging Market Assessment by Geography7.1. Key findings7.2. Introduction7.2.1. Vaccine Storage and Packaging Market Assessment, By Geography, 2016-2027 (USD Million)8. Competitive Landscape8.1. Expansion and Acquisition Analysis8.1.1. Expansion8.1.2. Acquisition8.2. Partnerships/Collaborations/Agreements/Exhibitions9. Company Profiles9.1. Company Overview9.2. Financial Performance9.3. Product/Services Benchmarking9.4. Recent Developments Lineage LogisticsSentry BioPharma ServicesDB SchenkerAmerisourceBergenDHLThermo Fischer ScientificCardinal LogisticsMcKessonPanasonic Healthcare co. Ltd.Arctiko A/SAmerican Biotech SupplyNIPRO For more information about this report visit https://www.researchandmarkets.com/r/u8vwnk CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900