"We Envision Growth Strategies Most Suited
to Your Business"

Sterile Medical Packaging Market to Exhibit 8.1% CAGR till 2028; High Demand for Bandages, Surgical Sponges, and Needles to Augment Growth

May 26, 2021 | Chemicals & Materials

The global sterile medical packaging market size is projected to reach USD 68.49 billion by 2028. The rising demand for single-use medical devices or equipment, such as surgical sponges, testing kits, suction catheters, applicators, gloves, face masks, bandages, needles, and syringes. Fortune Business Insights™ presented this information in a report, titled, “Sterile Medical Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard), By Type (Thermoform, Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps), By Sterilization Method (Chemical Sterilization, Radiation Sterilization, and High Temperature/Pressure Sterilization), By Application and Regional Forecast, 2021-2028.” As per the report, the market size was USD 35.74 billion in 2020. It is set to exhibit a CAGR of 8.1% during the forecast period between 2021-2028.


West Pharma Unveils AccelTRA® Component Line Extensions in Partnership with SCHOTT


In February 2020, West Pharma launched component line extensions called AccelTRA®. It can be used with the 5mL Daikyo Crystal Zenith® vial and is a Flip-Off® certified seal. It provides the adaptiQ® platform of SCHOTT as a result of the company’s partnership. Additionally, West Pharma is planning to share its insights into combination products and biologics. As per one of the company officials, “Today, biologics and combination products are the two vital areas in delivery and pharmaceutical packaging. This new launch would help us enhance our position in the market.”


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/sterile-medical-packaging-market-102798


Need to Keep Pharmaceutical and Medical Products Sterile will Favor Growth


The healthcare industry worldwide is considered to be an extensive user of sterile medical packaging as they are capable of keeping medical and pharmaceutical products sterile until they are opened for usage. It also enables the withdrawal of packaged content without damage or infection. At the same time, the ongoing COVID-19 pandemic has also surged the demand for medical ventilators, diagnostic tests, and personal protective equipment (PPE) across the globe. It would propel the sterile medical packaging market growth in the upcoming years. However, the production of packaging materials is not very easy. They have to meet certain standards set up by regulatory bodies. This factor may hinder their demand.


Reputed Players Aim to Engage in Capacity Expansions to Generate More Sales


The market is majorly dominated by only 15 firms. They are persistently striving to invest hefty amounts in research and development activities to introduce state-of-the-art products and advanced technologies. A few of them are focusing on enhancing their product portfolios, supported by robust operational efficiency to strengthen its positions. Besides, a handful of organizations are also adopting expansion strategies, such as collaborations, mergers & acquisitions, and joint ventures to broaden their geographic footprint.


A Notable Industry Development-



  • November 2019: Amcor invested €10 million to cast films in the U.K. in its Centre of Excellence, with a unique 11-layer cast extrusion line. This latest cast extrusion technology would support its customers in the field of medical devices to keep up with the regulatory demands.


Some of the Renowned Sterile Medical Packaging Providers in the Global Market:



  • Amcor Plc (Switzerland)

  • Placon (U.S.)

  • DuPont (U.S.)

  • Steripack Ltd. (Ireland)

  • Wipak Group (Finland)

  • Nelipak Healthcare (U.S.)

  • Tekni-Plex (U.S.)

  • Sonoco (U.S.)

  • BillerudKorsnäs AB (Sweden)

  • ProAmpac (U.S.)

  • West Pharmaceutical Services, Inc. (U.S.)

  • Riverside Medical Packaging Company Ltd (UK)

  • Oliver Healthcare Packaging (U.S.)

  • GS Medical Packaging (Canada)

  • Orchid (U.S.)

  • Technipaq Inc. (U.S.)

  • Others


Further Report Findings:



  • In 2020, North America earned USD 12.79 billion in terms of revenue in this industry. It is anticipated to remain at the forefront because of the increasing transmission of contagious diseases, such as COVID-19 in the region. Also, the expansion of the pharmaceutical industry will aid growth.

  • Europe is expected to remain in the second position in the near future on account of the high demand for medical equipment, such as vials & ampoules, thermoform trays, and sterile bottles & containers.

  • Based on the application, the in-vitro diagnostic products segment generated 11.9% in 2020 in terms of the sterile medical packaging market share. The pharmaceutical & biological segment was in the leading position in 2020 owing to the surging demand for blood tests and medications.


The Market is Segmented as:






















































  ATTRIBUTE



  DETAILS



Study Period



   2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



   Value (USD Billion)



Segmentation



  Material; Type; Sterilization Method; Application; and Geography



By Material




  • Plastics

  • Glass

  • Metal

  • Paper & Paperboard

  • Others



By Type




  • Electrical & electronics

  • Transportation

  • Medical

  • Chemical

  • Others 



By Sterilization Method




  • Chemical Sterilization

    • Ethylene Oxide (ETO)

    • Hydrogen Peroxide

    • Others



  • Radiation Sterilization

    • Gamma Radiation

    • E-beam

    • Others



  • High Temperature/Pressure Sterilization

    • Steam Autoclave 

    • Dry Heat





By Application




  • Pharmaceutical & Biological

  • Surgical & Medical Instruments

  • In Vitro Diagnostic Products

  • Medical Implants

  • Others



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, UK, France, Russia, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • The Middle East & Africa (GCC, Egypt, and Rest of Middle East & Africa)


Sterile Medical Packaging Market
  • PDF
  • 2020
  • 2017-2019
  • 180

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Our Clients

GM
Natus-Medical
Toyota
SAAB-AB
Siemens
MULTIVAC
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X