The global Sterile Packaging market size is expected to grow from USD 37.1 billion in 2020 to a staggering USD 76.1 billion in 2028, demonstrating a CAGR of 9.7% throughout the forecast period. The growth of the global market is primarily accredited to the surging prevalence of acute and chronic disorders, increasing incidences of contagious diseases, enhanced safety standards for medical packaging, and technological enhancements in medical packaging techniques. Sterilization plays a vital role in medical packaging as it offers a strong barrier against bacterial or microbial transmission. Hence, non-reusability and a robust microbial barrier make Sterile Packaging the safest and most effective form of medical packaging. This type of packaging safeguards the packed medical or pharmaceutical product from heat, moisture, and extreme environmental conditions. Sterile Packaging is made of materials such as plastic (including LDPE, HDPE, PVC, etc.), metal, glass, and paper paperboard. Moreover, the most prominent characteristics of Sterile Packaging are enhanced durability, robust tear resistance, extended shelf life, and microbial barrier.
The global Sterile Packaging market growth is further propelled by the higher susceptibility of infants and the elderly population to infectious diseases, rapidly increasing rate of outpatient visits and hospital admissions, growing number of surgical procedures, and the soaring demand for sterile and disinfected medical equipment. The expanding transportation logistics sector and rising shipments of pharmaceutical products create plenty of opportunities for the growth of the global Sterile Packaging market. However, the market growth is hampered by the rigid norms set by regulatory bodies like the U.S. FDA regarding Sterile Packaging.
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This section of the report performs a thorough investigation into the intensely competitive landscape of the global Sterile Packaging market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.
Key companies operating in the market and profiled in the report include:
- Amcor Plc
- Techinipaq Inc.
- Steripack Ltd.
- Wipak Group
- Nelipak Healthcare
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Key Highlights of the Report:
- On the basis of type, the thermoform trays segment is expected to emerge as the leading market segment over the projected timeframe. The versatile design, superior flexibility, and excellent biocompatibility of thermoform trays make them a brilliant packaging solution. These trays protect the packed pharmaceutical product against damage or breakage. They are highly customizable and can also be molded into various shapes and sizes.
- Based on material, the plastic segment is projected to account for the highest market revenue in the upcoming years. The growth of this segment is attributed to the escalating demand for high-performance polymers, such as LDPE, HDPE, PVC, and PET, for the production of blood containers, vials ampoules, pre-filled syringes, sterile bottles, closures, and pouches.
- Of the leading market regions, the North America Sterile Packaging market retained the largest share of the global market in 2020. The rapid spread of COVID-19 and other contagious diseases, rising public awareness the importance of health hygiene, technological advancements in medical packaging, and augmented consumer spending on healthcare products have propelled the region’s market growth.
- The well-established companies involved in the global Sterile Packaging market include Amcor Plc, DuPont, Sonoco, ProAmpac, Tekni-Plex, Techinipaq Inc., Steripack Ltd., Wipak Group, Nelipak Healthcare, GS Medical Packaging, and Oliver Healthcare Packaging.
For the purpose of this report, the global Sterile Packaging market has been segmented based on type, material, application, sterilization method, and region:
By Type (Revenue, USD Billion; 2018-2028)
- Sterile bottles
- Sterile closures
- Thermoform trays
- Vials ampoules
- Pre-filled syringes
- Pre-fillable inhalers
- Bags pouches
- Blister clamshells
By Material (Revenue, USD Billion; 2018-2028)
- Polyvinyl Chloride (PVC)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Stainless steel
- Aluminum foil
- Paper paperboard
By Application (Revenue, USD Billion; 2018-2028)
- Surgical medical equipment
- Pharmaceutical biological
- In vitro diagnostic products
- Medical implants
By Sterilization Method (Revenue, USD Billion; 2018-2028)
- Chemical Sterilization
- Radiation Sterilization
Key Benefits of Buying the Global Sterile Packaging Report:
- Comprehensive analysis of the changing competitive landscape
- The report offers an 8-year forecast and assessment of the Global Sterile Packaging Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Sterile Packaging Market
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