11-Jul-2021 | Zion Market Research
Some of key players in Sterilized packaging market Amcor Limited (U.S.), 3M (U.S.), E. I. du Pont de Nemours and Company (U.S), Bemis Company, Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.), Gerresheimer AG (Germany), SCHOTT AG (Germany), SteriPack Contract Manufacturing (U.S.), Barger Packaging Inc. (U.S.) and North American Sterilization & Packaging Company (U.S.), among others. These players are set to bolster the development of global Sterilized packaging market.
According to analysts at Zion Market Research, the global sterilized packaging market accounted for USD 32.41 Billion in 2020 and is expected to reach USD 59.29 Billion by 2028, growing at a CAGR of 8.4% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Sterilized Packaging Market by Product (Thermoform Trays, Pouches, Bottles, Clamshell), Material (Plastic, Glass, Metal), Sterilization Method (Chemical, Radiation), End-user Industry (Pharmaceuticals and Biological, Medical and Surgical, Food and Beverage): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Healthcare industry upsurging the sterilized packaging market
The healthcare industry is driving growth in the sterile medical packaging market. Plastics and paper & paperboard have several advantages, including low weight, recyclability, and durability. Sterile medical packaging also protects against environmental damage, such as moisture during transit, which has led to an increase in demand from the medical industry. Sterile medical packaging is ideal for the packaging of medical devices and pharmaceutical products in the healthcare industry due to properties such as microbial barrier. Because of rising health awareness and concerns about infection control, the sterile medical packaging market is expected to grow.
The demand for sterile medical packaging products is driven by the ease with which they can be handled. Consumer preferences will shift toward increased spending on healthcare services as income levels rise, supporting the growth of sterilized medical packaging products. To withstand moisture and other environmental influences that may affect pharmaceutical products, these products require sterile packaging.
The global aging population is increasing, resulting in health issues that necessitate medical assistance, driving demand for sterile medical packaging. Diabetes and high blood pressure are common diseases in the elderly population. To provide a better quality of life, the healthcare industry advances technology, which necessitates sterile medical packaging to prevent further infection, which could result in consumer health deterioration.
Presence of big players in the region support North American dominance
North America has the largest market share for sterile medical packaging. The United States is the region's largest contributor. The rising pharmaceutical industry and rising consumer healthcare spending are both contributing to this region's growth. The pharmaceutical industry has grown as the number of patients has increased due to the rapid spread of contagious diseases such as coronavirus. This region's demand for such packaging will be fueled by these factors.
Europe is the market's second-largest contributor. The increase is due to the increased use of medical equipment in various medical applications, such as thermoform trays, sterile bottles and containers, vials and ampoules, and pre-fillable syringes. China, Japan, and India are the leading contributors to market growth in Asia Pacific. The healthcare industry in this region has benefited from the growing population and consumer awareness of healthcare needs. Furthermore, sterile packaging systems will be in high demand due to the high demand for in-vitro diagnostic products and medical implants. The Middle East and Africa's market will grow due to rising product demand from medical implants and in-vitro diagnostic applications. South America's product adoption will be boosted by increased infrastructure development and product innovation.
Browse the full “Sterilized Packaging Market by Product (Thermoform Trays, Pouches, Bottles, Clamshell), Material (Plastic, Glass, Metal), Sterilization Method (Chemical, Radiation), End-user Industry (Pharmaceuticals and Biological, Medical and Surgical, Food and Beverage): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/sterilized-packaging-market
The global sterilized packaging market is segmented as follows:
By Sterilization Method
By End-user Industry
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