Sterile Packaging Market Forecasts to 2028 – Global Analysis By Material (Glass, Plastics, Nonwoven, Metals, Paper & Paperboard), Product (Solve Bags & Pouches, Clamshells, Vials, Sterile Closures, Wraps), and By Geography
According to Stratistics MRC, the Global Sterile Packaging Market is accounted for $32.34 billion in 2020 and is expected to reach $58.98 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Some of the key factors propelling the market growth include increasing demand for sterility in healthcare operations and equipment, rising health awareness, and growing safety concerns in food and beverage items. However, fluctuations or volatility in the prices of raw materials is likely to hamper the market.
Sterilized packaging is supplied in sterile conditions by the manufacture companies after the sterilization. This packaging helps defend medical devices, drugs, and food products as of getting tainted. They are resilient, tear resistant, breathable and have a higher microbial fence, which makes the packaging sterile and secure. This packaging solution not only increase the shelf life of the product but also maintain the quality and taste of the product.
By end user, the pharmaceutical and biological segment is expected to be the significant growing market during the forecast period, due to rising use of sterilize medical and pharmaceutical product in hospital to prevent the health of patients from harmful bacteria and other pathogens, expanding healthcare industry, and the introduction of new healthcare medicines.
On the basis of geography, Asia Pacific is estimated to have considerable market growth during the forecast period, owing to the growth and expansion of various end user verticals, shifting consumer lifestyle, rising expenditure to improve the healthcare facilities, and growing demand for processed and packaged food items.
Some of the key players in Sterile Packaging Market include Baxter International Limited, E.I. du Pont de Nemours and Company, AptarGroup Inc., Amcor Limited, Tekni-Plex Inc., Oracle Group, Nelipak Healthcare, Gerresheimer AG, Wipak Group, West Pharmaceutical Services Inc., Placon Corporation Inc., Sonoco Plastics Europe., Schott AG, Steripack USA Limited LLC, 3M, Berry Global, Heritage Pioneer, Bemis Company, Inc., Abbott, and Wihuri Group.
Estimated Market Size in 2020:
USD 32.34 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 58.98 billion
Tables, Graphs& Figures
Material, Product, Sterilization Method, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Paper & Paperboard
• Bags & Pouches
• Blisters and Ampoules
• Sterile Bottles & Containers
• Pre-Fillable Inhalers
• Thermoform Trays
• Sterile Closures
• Pre-Filled Syringes
Sterilization Methods Covered:
• High Temperature/Pressure
End Users Covered:
• Food and Beverage
• Pharmaceutical and Biological
• Packaging Industry
• Chemical Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Sterile Packaging Market is majorly driven by the increasing demand for sterility in healthcare operations and equipment, rising health awareness, and growing safety concerns in food and beverage items.
The pharmaceutical and biological segment is growing at a highest CAGR due to rising use of sterilize medical and pharmaceutical product in hospital to prevent the health of patients from harmful bacteria and other pathogens.
Asia Pacific dominated with a significant market share owing to the growth and expansion of various end user verticals, shifting consumer lifestyle and rising expenditure to improve the healthcare facilities.
North America market is growing at a highest CAGR as growing health awareness, increase in the consumption of dairy products, and increasing demand for the sterilized packaging for drug preservation are increasing the demand in the North American region.
Key players in Sterile Packaging Market include Baxter International Limited, E.I. du Pont de Nemours and Company, AptarGroup Inc., Amcor Limited, Tekni-Plex Inc., Oracle Group, Nelipak Healthcare, Gerresheimer AG, Wipak Group, West Pharmaceutical Services Inc., Placon Corporation Inc., Sonoco Plastics Europe., Schott AG, Steripack USA Limited LLC, 3M, Berry Global, Heritage Pioneer, Bemis Company, Inc., Abbott, and Wihuri Group.
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