Sterile Packaging Market Analysis | 2022-2028

Sterile Packaging Market Analysis | 2022-2028

Sterile Packaging Market Analysis | 2022-2028
Report code - SR1626 Delivery - 2 Weeks
Sterile Packaging Market Size, Share, Trend, Forecast & Industry Analysis: 2022-2028
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“The Sterile Packaging Market was estimated at US$ 40.57 billion in 2021 and is expected to grow at a CAGR of 8.95% during 2022-2028 to reach US$ 74.16 billion by 2028.”

Sterile-Packaging-Market-Size

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Market Dynamics

Introduction

Sterile packaging can be defined as packaging that prevents contamination and helps sterilize the final product. It provides sterility for 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.

Market Drivers

The growth of the sterile packaging market is primarily driven by the 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, the growing emphasis on the development of sustainable packaging solutions due to increasing regulations about packaging is likely to create lucrative opportunities for the players operating in the global sterile packaging market in the coming years.

Sterile-Packaging-Market-Snapshot

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COVID-19 Impact

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.

Segment Analysis

By Application Type

“The pharmaceuticals segment dominates the market during the forecast period.”

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 the expanding growth of the pharmaceutical industry across the world.

Regional Analysis

“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.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the sterile packaging market (arranged alphabetically).

  • Amcor plc (Switzerland)
  • DuPont de Nemours, Inc. (US)
  • Nelipak Corporation (US)
  • Oracle Packaging (US)
  • Placon Corporation (US)
  • Sonoco Products Company (US)
  • Steripack (Ireland)
  • The 3M Company (US)
  • Wipak Group (Germany)

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Sterile Packaging Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

What are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players).
  • SWOT analysis of key players (up to three players).

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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 to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Sterile packaging can be defined as packaging which prevents contamination and helps to sterilize the final product. It provides sterility for 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 sterile packaging market is expected to grow at 8.95% CAGR during 2022-2028.

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.

The market size is expected to reach USD 74.16 billion by 2028.

Pharmaceutical applications accounted for the largest share of the market during the forecast period.

North America accounted for the largest share of the market during the forecast period.

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.

Sterile packaging distributors, Sterile packaging suppliers, Sterile packaging manufacturers, Logistics organizations, Government bodies are the target audience in the market.