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Sterilized Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Metal, and Paper & Paperboard), By Type (Trays, Pouches, Clamshell, and Others), By End User (Medical & Pharmaceutical, Cosmetic & Personal Care, and Food & Beverage), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108339 | Status : Ongoing

 

KEY MARKET INSIGHTS

Packaging plays a critical part in the food industry in terms of holding the taste and the quality of packaged food products for a longer time and improves the standard of living of consumers. In recent years the demand for packaged food has shown rapid growth. The increased demand for packaged food products and awareness of sterile and aseptic packaging use is boosting the market growth. Packaging protects medical products from damage, harm, contamination, and leaking throughout storage operations. Several products come under sterilized packaging, which shields them from packaging solution reactions and contamination; thus, the increasing demand from the end-use industries is boosting the sterilized packaging market.



  • For instance, in November 2019, ULMA Packaging, a packaging system, and machines specialist, launched its new easy-to-open flow pack packaging. The new packaging design removes sterile products from the packaging without contamination from particles and microorganisms.


The advancement in the healthcare industry provides profitable opportunities for sterilized packaging, thus driving market growth. The concern related to the product's shelf life among retailers and manufacturers also boosts the market's growth. The rising health-related problem and increasing disposable income among the middle-class population are creating opportunities for the sterilized packaging market.

The restraining factor toward the growth of sterilized packaging is the high cost of the sterilization process. The obstacle to the market's growth is the challenge related to maintaining the products' packaging without being contaminated. Moreover, the strict government regulations toward the use of plastic are expected to restrain the growth of the sterilized packaging market.

IMPACT OF COVID-19 ON THE STERILIZED PACKAGING MARKET


The COVID-19 pandemic impacted the sterilized packaging market further affecting the product, services, and sales due to the lack of transportation and workforce. The significant drop in the demand for sterilized packaging products comprised several novel concepts and practical solutions. However, the market is likely to regain quickly during the forecast period due to the increasing demand from the pharmaceutical industry.

SEGMENTATION


















By Material


By Type


By End User


By Geography



  • Plastic

  • Metal

  • Paper & Paperboard




  • Trays

  • Pouches

  • Clamshell

  • Others




  • Medical &  Pharmaceutical

  • Cosmetic & Personal Care

  • Food & Beverage




  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (South Africa, G.C.C., and Rest of Middle East & Africa)



 

KEY INSIGHTS


The report will cover the following key insights:


  • Recent Advancements in the Sterilized Packaging Market

  • Key Industry Trends

  • Regulatory Landscape for the Sterilized Packaging Market

  • Key Industry Developments (Mergers, Acquisitions, and Partnerships)

  • Impact of COVID-19 on the Market


ANALYSIS BY MATERIAL


Based on material, the market is segmented into plastic, metal, and paper & paperboard. Plastic holds the largest market share in global sterilized packaging due to the material being cost-effective, convenient, sustainable, and safe. Plastic is a durable raw material used in packaging. It also demonstrates high chemical resistance and is highly used in the food and beverage industry for packaging. The material will continue its dominance over the forecast period due to such features.

ANALYSIS BY TYPE


Based on type, the market is segmented into trays, pouches, clamshells, and others. Trays dominate the type segment of the global sterilized packaging market as the trays last a higher number of sterilization cycles when exposed to high temperatures. Moreover, the segment will witness significant growth as trays can be used for multiple sterilization methods, including moist heat, dry heat, and chemicals.

ANALYSIS BY END USER


Based on end user, the market is segmented into medical & pharmaceutical, cosmetic & personal care, and food & beverage. Medical & pharmaceutical holds the largest share of the global sterilized packaging end-user segment. The rapid rise in diseases that have led to an increase in the number of patients, resulting in an increasing demand for medication and tests. These factors are expected to upsurge the demand for sterilized packaging in the medical & pharmaceutical industry.

REGIONAL ANALYSIS

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The sterilized packaging market has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the leading region in the sterilized packaging market due to the growing urban population in India and China and the increasing demand for medical treatments. Hospitals and diagnostic centers are now concentrating more on sterilized packaging. North America is expected to contribute greatly to the global sterilized packaging market due to the increasing health awareness and growing consumption of dairy products. The Europe sterilized packaging market is anticipated to experience rapid growth due to the rising medical industry, which increases the use of trays and vials. Latin America is anticipated to have moderate growth during the forecast period due to the growing prevalence of diabetes and other chronic diseases, which increases the consumption of syringes in the region. The Middle East and Africa are anticipated to witness stable growth due to the rising infrastructure development, and an increase in product innovation will surge the sterilized packaging market in the region.

KEY PLAYERS COVERED


The report will include profiles of key players such as Amcor, DuPont, Placon Corporation, Wipak, TekniPlex, Wihuri Group, SteriPack Contract Manufacturing, Riverside Medical Packaging Ltd, Anqing Kangmingna Packaging Co., Ltd., Nelipak Healthcare Packaging, among others.

KEY INDUSTRY DEVELOPMENTS:


  • June 2023 - Oliver Healthcare Packaging, a supplier of sterile barrier flexible packaging, acquired EK-Pack Folien, a foil and film technology manufacturer. The acquisition gives excellent control over the supply chain and allows the company to innovate new products to meet customer needs.

  • October 2022 - TeniPlex Healthcare launched the world’s first fully transparent, recyclable mid-barrier blister package. The new material also features barrier protection against moisture.

  • September 2022 - Gerresheimer AG and Stevanato Group collaborated on developing an innovative ready-to-use vial platform for the pharmaceutical industry. The platform allows seamless integration into the fill and finish line and helps customers to significantly increase efficiency and quality. It will also share the same secondary packaging.

  • February 2020 - West Pharmaceutical Services, an international leader in innovative solutions, announced the introduction of several new innovative pharmaceutical containment and closure offerings. The company expands its innovations for global customers and patients by introducing two AccelTRA.





  • Ongoing
  • 2023
  • 2019-2022

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