Global Sterile Medical Packaging Market is valued approximately USD 36.9 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2021-2027.
Sterile medical packaging is a non-reusable packaging component that blocks microbial transmission with the product. This offers an aseptic appearance of the product at the point of use to keep medical and pharmaceuticals equipment sterile in the form of packaging trays, bottles, pouches. The rising awareness regarding health & hygiene, escalating geriatric population, and the growing demand for surgical equipment and medical devices, along with increasing favorable government policies for medical care are the factors that are bolstering the market demand around the world. For instance, as per the U.S.-based Population Reference Bureau Organization, in 2016, there were around 46 million people aged nearly 65 years and it is projected to reach 98 million by 2060. However, the maintenance of medical packaging integrity and the execution of stringent government norms impedes the growth of the market over the forecast period of 2021-2027. Also, the emergence of novel sustainable packaging solutions is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Sterile Medical Packaging market study includes Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading region across the world in terms of market share owing to the execution of the various norms by the FDA, and the presence of the chief market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as the growing aged population, increasing incidences of the various chronic diseases, as well as the growth of the healthcare industry would create lucrative growth prospects for the Sterile Medical Packaging market across the Asia-Pacific region.
Major market player included in this report are:
Ampac Holdings LLC
DuPont de Nemours, Inc.
Oracle Packaging
Bemis Company, Inc.
Nelipak Healthcare Packaging
Amcor plc
Oliver Healthcare Packaging, LLC
SteriPack Contract Packaging
Placon Corporation Inc.
Sonoco Products Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Thermoform trays
Sterile bottles & containers
Vials & ampoules
Pre-fillable inhalers
Sterile closures
Pre-filled syringes
Blister & clamshells
Bags & pouches
Wraps
Others
By Material
Plastics
Metals
Glass
Paper & paperboard
Others
By Application
Pharmaceutical & biological
Surgical & medical instruments
In vitro diagnostic products
Medical implants
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Sterile Medical Packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
