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Sterile Packaging Market Report
Sterile Packaging Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
The Sterile Packaging Market is projected to grow from USD 40.57 billion in 2021 to USD 74.16 billion by 2028 at a CAGR of around 8.95% during the forecast period of 2022-2028.
Sterile packaging can be defined as packaging which prevents contamination and helps to sterilize the final product. It provides sterility to the products throughout the supply chain. Packaging is a crucial part of any product manufacturing. It ensures the safety of the product and effortless transportation of products.
The growth of the sterile packaging market is primarily driven by expanding growth of the pharmaceutical industry worldwide. The increasing prevalence of chronic disease coupled with the rising geriatric populace has resulted in increased spending on pharmaceuticals, which is expected to bolster the growth of the sterile packaging market. In addition to this, the growing emphasis on the development of sustainable packaging solutions on account of increasing regulations about the packaging is likely to create lucrative opportunities for the players operating in the global sterile packaging market in the coming years.
The covid-19 outbreak posed significant challenges across verticals worldwide. The demand for sterile packaging increased amid the covid-19 outbreak to prevent contamination or the spread of disease in patients.
Key players operating in the Sterile Packaging market are-
By application, the sterile packaging market has been bifurcated into surgical instruments, pharmaceuticals, and others. The pharmaceuticals segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment can be attributed to expanding growth of the pharmaceuticals industry across the world.
By region, the North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing spending on R&D activities to develop new drugs coupled with the presence of key market players such as Placon Corporation (US) and DuPont de Nemours, Inc. (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare coupled with rising health consciousness and rising per capita disposable income of the consumers.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
5 |
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Countries/Sub-Regions Covered |
16 |
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No. of Figures & Tables |
>90 |
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Company Profiles |
9 |
The market is segmented into the following categories-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Here is the list of the group of customers that the sterile packaging market hopes to have the greatest opportunity to convert-
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The sterile packaging market size was estimated USD 40.57 billion in 2021.
The sterile packaging market is expected to grow at 8.95% CAGR during 2022-2028.
The market size is expected to reach USD 74.16 billion in 2028.
Amcor plc (Switzerland), Placon Corporation (US), DuPont de Nemours, Inc. (US), Steripack (Ireland), Wipak Group (Germany), The 3M Company (US), Nelipak Corporation (US), Oracle Packaging (US), Sonoco Products Company (US) are among the key players in the market.
Expanding growth of the pharmaceutical industry worldwide, increasing prevalence of chronic disease coupled with the rising geriatric populace are some of the factors driving the growth of the market.
North America accounted for the largest share in the market in 2021.
Pharmaceutical application accounted for the largest share in the market in 2021.
Sterile packaging distributors, Sterile packaging suppliers, Sterile packaging manufacturers, Logistics organizations, Government bodies are the target audience in the market.
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