Sterile Packaging Market is segmented by Material Type (Plastics, Metal, Glass, Others), Type (Thermoform Trays, Sterile Bottles & Containers, Vials & Ampoules, Pre-Fillable Inhalers, Sterile Closures, Pre-Filled Syringes), Application type (Surgical Instruments, Pharmaceuticals, Other), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America).
Sterile Packaging Market is segmented by Material Type (Plastics, Metal, Glass, Others), Type (Thermoform Trays, Sterile Bottles & Containers, Vials & Ampoules, Pre-Fillable Inhalers, Sterile Closures, Pre-Filled Syringes), Application type ...
“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 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.
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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
“Thepharmaceuticals 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
“TheNorth 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).
Note:The above list does not necessarily include all the top players in the market.
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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?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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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.
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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.
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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.
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.
Sterile packaging distributors, Sterile packaging suppliers, Sterile packaging manufacturers, Logistics organizations, Government bodies are the target audience in the market.