Sterile Packaging Market Size, Share, Growth Report 2030

Sterile Packaging Market

Sterile Packaging Market By Material (Plastics, Metals, Glass, Paper & paperboard and Others), By Type (Thermoform trays, Sterile bottles & containers, Vials & ampoules, Pre-fillable inhalers, Sterile closures, Pre-filled syringes, Blister & clamshells, Bags & pouches, Wraps and Others), By Application (Pharmaceutical & biological, Surgical & medical instruments, In vitro diagnostic products, Medical implants and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Packaging Report Format : PDF Pages: 110 Report Code: ZMR-427 Published Date: May-2021 Status : Published

The global sterile packaging market accounted for USD 37,266.2 Million in 2020 and is expected to reach USD 82,175.1 Million by 2028, growing at a CAGR of 10.8% from 2021 to 2028.

Sterile Packaging Market: Overview

The Global Sterile Packaging Market accounted for USD 37,266.2 Million in 2020 and is expected to reach USD 82,175.1 Million by 2028, growing at a CAGR of 10.8% from 2021 to 2028.

Over the last decade, the global sterile packaging market has grown at an incredible rate, owing to the substantial increase in demand for biologics products. Due to its high appearance and clean properties, the global market is increasingly used in the packaging of medical supplies, medical devices, and biological and pharmaceutical products. This is supported by companies' increased R&D investments and increased understanding of healthcare risks, both of which have induced healthcare requirements and fuelled the growth of the Global Sterile Medical Packaging Market. Healthcare product manufacturers, including pharmaceuticals and medical equipment, face a difficult challenge in selecting the most appropriate sterilisation packaging. For sterilising and packaging medical devices and other instruments, different sterilisation packaging forms such as pouches, wraps, and package systems are available in the market in various sizes and specifications.

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COVID-19 Impact Analysis

COVID-19's recent outbreak and rapid spread across the world has caused economic disruption. The rising prevalence of infectious and communicable diseases and viruses such as COVID-19, flu, tuberculosis, and SARS has prompted medical device manufacturers to develop hygiene to avoid disease infection and spread in patients.

The sterile medical packaging market is expected to expand due to increased investment and development in the healthcare industry around the world. The latest outbreak of Covid-19 is expected to boost the demand for sterile medical packaging.

Sterile Packaging Market: Growth Factors

Aseptic packaging of vital instruments and appliances extends the shelf life of the sterilisation process. Market growth is being fuelled by consumer demand for longer shelf lives. Sterile medical packaging is ideal for the packaging of medical instruments and pharmaceutical products in the healthcare industry due to properties such as microbial barrier.

Packaging for medical equipment, food and beverage, pharmaceuticals, and other sectors is becoming more sterile and disinfected. This is attributed to an increase in viral infections because of the use of non-sterile instruments. When public understanding of these diseases grows, so does the need for sterilised packaging.

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Application Segment Analysis

Pharmaceutical and biological applications are expected to lead the sterile medical packaging industry in terms of application. The expanding healthcare industry and the introduction of new healthcare medicines are responsible for this segment's growth. The sterile packaging of pharmaceutical products has become more capital-intensive because of technological advances that have streamlined and integrated the process. Contamination is reduced because of this procedure. Pharmaceutical and biological products are subjected to a variety of inspections and safety reviews to ensure that they comply with regulatory requirements about medication content and packaging material.

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Type Segment Analysis

The thermoform trays segment is expected to grow because of their light weight, they are flexible and simple to transport. Thermoformed trays are made of plastic and are available in a range of shapes and sizes. They are often equipped for internal use. Since the plastics used in trays can be shaped into various shapes using the thermoforming method, plastic trays are a highly flexible type of packaging design. Because of their adaptability, they are useful in a variety of situations. The thermoform trays used in the healthcare industry are semi-rigid and flexible.

Regional Segment Analysis

The global sterile medical packaging market is divided into Latin America, the Middle East and Africa, North America, Europe, and Asia Pacific on a geographical basis.

The North America region is projected to grow at a CAGR of 9.6% over the forecast period.

North America held the largest share of the market and is projected to expand at the fastest rate during the forecast period. This expansion can be attributed to the FDA's multiple regulations, which are driving the demand for sustainable and high-quality products in this area.

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The sterilised packaging market in Asia-Pacific has seen growth and is expected to expand significantly over the forecast period. Consumers' disposable income in the area has risen significantly, increasing the region's standard of living. The rising urban populations in India and China, which, is driving up demand for high-quality medical care.

Sterile Packaging Market: Key Players & Competitive Landscape

The presence of many players offering sterilized packaging solutions has increased market competition. As a result, the market is moderately fragmented, with several businesses planning to expand.

Amcor Limited, DuPont, Placon, Wipak Group, Steripack, Nelipak Healthcare, Oracle Packaging, 3M medical Packaging, Ampac Group and Sonoco Plastics Europe are among the major players in the global sterile packaging market.

By Material

By Type

By Application

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Sterile Packaging market was valued at USD 37,266.2 Million in 2020.

The global Sterile Packaging market is expected to reach USD 82,175.1 Million by 2028, growing at a CAGR of 10.8% between 2021 to 2028.

Some of the key factors driving the global Sterile Packaging market growth are the market's growth has been aided by rising technological advances and Aseptic packaging of vital instruments and appliances extends the shelf life of the sterilisation process.

North America held the largest share of the market and is projected to expand at the fastest rate during the forecast period. This expansion can be attributed to the FDA's multiple regulations, which are driving the demand for sustainable and high-quality products in this area.

Some of the major companies operating in the Sterile Packaging market are Amcor Limited, DuPont, Placon, Wipak Group, Steripack, Nelipak Healthcare, Oracle Packaging, 3M medical Packaging, Ampac Group and Sonoco Plastics Europe

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