Sterilized Packaging Market Share

Global Sterilized Packaging Market Overview

Sterilized Packaging market size was valued at USD 36106.88 million in 2023. The Sterilized Packaging industry is projected to grow from USD 37948.33 million in 2024 to USD 58680.29 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2024 - 2032).

In modern life, packaging is essential in storing processes to protect the products from any damage, harm, contamination, and leakage. Many of the products involve the sterilized packaging that will protect the products from reacting with packaging solution and contamination. Therefore, the increasing demand for the sterilized packaging is enhancing the sterilized packaging market. Regionally, the Asia-Pacific region is predicted to lead the market during the forecast period because of the increasing health concerns and rising disposable income among the middle-income groups in this region. Along with that, the growing health awareness, increase in the consumption of dairy products, and increasing demand for the sterilized packaging for drug preservation are increasing the demand in the North American region and further predicted to increase faster the market Size during the forecast period.

The stringent regulations subjected to food products and pharmaceutical products and the government regulations for effective packaging are the major growth driving factors for the global market. Moreover, the increasing demand for effective packaging is growing the pharmaceutical industry and boosting up the market. Along with that, the rising health concerns increased shelf life of products, and increased disposable income are some of the other factors responsible for the market Growth. Further, the increase in disposable income increased shelf life of products, and rising health concerns are some of the market opportunities for manufacturers and industrialists.

The market Analysis report explains that the global sterilized packaging market Share was immense for the previous reviewed years. Further, it has been predicted to increase the higher market share for the upcoming forecast years. The report also highlighted the global market segmentation, market dynamics, competitive analysis, regional analysis, and recent developments to understand the present challenges, restraints, opportunities, growth, competitions, developments, etc. The report has given the emphasis on the COVID-19 overview to understand the impact factor of the global market.

In March 2024 (Global provider of contamination control products and services), STERIS Life Sciences launched Verafit – a range of sterilization bags and covers that will help companies comply with revised European Union (EU) good manufacturing practice (GMP) Annex 1 guidance. The launch announcement was made through a press release issued on March 25, 2024 (1). In addition, these new Verafit bags and covers have polypropylene film windows where biopharmaceutical manufacturers can see through to visually inspect parts and verify their dryness after sterilization. Moreover, these bags or covers are Purefit, which is flexible wrapping for sterilization aimed at reducing the chances of particulates/microbes/chemicals causing contamination.

April 2024 marks STEMart’s announcement on Packaging Solutions targeting pharmaceutical as well as medical device industries. A US-based firm providing full-service solutions throughout all stages of medical device development, STEMart proudly introduces its comprehensive suite of Packaging Solutions, designed to meet the specific needs of pharmaceutical and medical device sectors respectively. These services are intended to enhance quality, sterility, and compliance with regulations in relation to medical devices during their life cycle. Packaging is an advertisement for a brand. Good packaging that satisfies the demand of the pharmaceutical or medical device industry should validate the quality of seals and overall package integrity to ensure the stability of packed samples, clinical trial, and production run integrity, as well as medicine shelf life; in this regard, it ensures that safe and effective products are delivered to market.

Competitive Landscape Analysis

The global sterilized packaging market has spread its business across various regions and involved various key players in enhancing the growth. These Key players are:

• Bemis Company, Inc. (U.S.),


• Amcor Limited (U.S.),


• 3M (U.S.),


• I. du Pont de Nemours and Company (U.S),


• West Pharmaceutical Services, Inc. (U.S.),


• North American Sterilization & Packaging Company (U.S.),


• SteriPack Contract Manufacturing (U.S.),


• Barger Packaging Inc. (U.S.),


• Gerresheimer AG (Germany),


• SCHOTT AG (Germany).

The market Analysis report explains that these prominent key players are enhancing the growth of the global market by implying various strategies and methods.

COVID-19 Impact on Global Market

The sterilized packaging market has been impacted due to the COVID 19 outbreak in 2020. The global pandemic has affected the products and services along with its sales due to the lack of workforce, transportations, and other factors. The global market has adopted various new ideas and suitable measures as the Sterilized Packaging product demand has been reduced on a large scale. The global key players have developed the entire practice by doing promotions to increase the sales rate.

In the present context, the global key players giving their all efforts to solve the market issues and threats. Their collective efforts are predicting to increase its market Share for the forecast period. On the other hand, the increasing demand for medical supplies, devices, masks, syringes, etc., was helpful to enhance the global market growth during the pandemic.

Sterilized Packaging Market Dynamics

• 
  

  Major Drivers of the Market

  
  

The stringent regulations subjected to food products and pharmaceutical products and the government regulations for effective packaging are the major growth driving factors for the global sterilized packaging market. Moreover, the increasing demand for effective packaging is growing the pharmaceutical industry and boosting up the global market.

Along with that, the rising health concerns increased shelf life of products, and increased disposable income are some of the other factors responsible for the market Growth. The involvement of key players in the global market is helpful to enhance market growth.

• 
  

  Growth opportunities for the market

  
  

The increase in disposable income, the increased shelf life of products, and rising health concerns are some of the market opportunities for the manufacturers and industrialists of the market.

The sterilized packaging market Outlook report explains that the Asia-Pacific region is predicted to lead the market during the forecast period because of the increasing health concerns and rising disposable income among the middle-income groups in this region. Hence, this region is generating more market opportunities for the global market.

• 
  

  Restraints of Global Market

  
  

The market might face restraints due to the stringent regulations subjected to the food products and pharmaceutical products with specifications and materials used in the packaging by various manufacturers.

Another restraint for the global market was COVID-19 that has affected the entire world’s business. Presently, the global market has involved various key players in generating more market Value for the forecast period.

• 
  

  Challenges for the global market

  
  

The manufacturers of the sterilized packaging market might face challenges in maintaining the integrity of the medical package during the distribution, storage, and handling process.

As a result, the increasing demand for medical supplies, devices, masks, syringes, etc., is immensely enhancing the market Growth across various regions. Here, the continuous efforts of key players are helpful for the global market to combat the unprecedented challenges.

• 
  

  Cumulative Growth Analysis

  
  

Regionally, the Asia-Pacific region is predicted to lead the market during the forecast period because of the increasing health concerns and rising disposable income among the middle-income groups in this region.

The Sterilized Packaging Industry report explains that the global market share was immense for the previous reviewed years, and further, it has predicted to increase the higher market share for the upcoming forecast years.

Sterilized Packaging Market Segmentation Overview

• 
  

  By Type:

  
  

According to the type segmentation, the market Trends is classified into different types: Vials & ampoules, Pre-fillable inhalers, Thermoform trays, Sterile bottles & containers, Sterile closures, Bags & pouches, Wraps, Pre-filled syringes, Blister & clamshells, and Others.

Among all these types of segments, the thermoform trays segment is predicted to dominate the global market for the forecast period.

• 
  

  By Material:

  
  

According to the material segmentation, the sterilized packaging market Trends is segmented based on the Paper & paperboard, Plastics, Metals, Glass, and Others.

Out of all these material segments, the plastic segment is generating the largest market share during the forecast period.

• 
  

  By Applications:

  
  

Based on the application segmentation, the sterilized packaging market is segmented into In vitro diagnostic products, Medical implants, Pharmaceutical & biological, Surgical & medical instruments, and Others.

Among all these applications, the pharmaceutical and biological segment is predicted to dominate the global market during the forecast period.

Regional Analysis

Based on the regional classification, the market has been studied in various regions such as Asia-Pacific, North America, South America, Europe, and other parts of the world.

Among these regions, the Asia-Pacific region is predicted to lead the market during the forecast period because of the increasing health concerns and rising disposable income among the middle-income groups in this region. Along with that, the growing health awareness, increase in the consumption of dairy products, and increasing demand for the sterilized packaging for drug preservation are increasing the demand in the North American region and further predicted to increase faster the market Size during the forecast period.

Recent Developments

West Pharmaceutical Services Inc. announced that it would expand its partnership with Corning Incorporated on February 2023; this included exclusive distribution rights of Corning Valor Glass Vials under the West Ready Pack brand, which is the first West Ready Pack product made from Corning valor RTU vials using SG EZ-fill technology.

Sonoco Products Company reached a definitive agreement to acquire the remaining equity interest in RTS Packaging, LLC (RTS) from joint venture partner WestRock Company (WestRock), and one WestRock paper mill in Chattanooga, Tennessee on November 2022.

Sonoco Products Company also acquired Thermoform Engineered Quality, LLC and Plastique Holdings, Ltd., the new entity being referred to as SONOCO TEQ, in January 2020.

In June 2018, Tekni-Plex purchased the healthcare packaging, performance lid stock, induction seal and specialty lamination businesses of Oracle Packaging. Pouchstock and sterilizable barrier laminates are included in the healthcare packaging portfolio.

In September 2022, Becton, Dickinson and Company launched next-gen pre-fillable vaccine syringes with improved technology.

In April 2022, Amcor plc unveiled a range of sustainable packaging solutions for drug makers.

In October 2021, SteriPack Group acquired Halleck-Willard, Inc. (HWI). This will help the company to bring innovative and responsive design, development and contract manufacturing services to its customers.

Report Overview

The sterilized packaging market Outlook report explains that the global market Revenue was immense for the previous reviewed years, and further, it has predicted to increase the higher market share for the upcoming forecast years. The report also highlighted the global market segmentation, market dynamics, competitive analysis, regional analysis, and recent developments to understand the present challenges, restraints, opportunities, growth, competitions, developments, etc. The report has given the emphasis on the COVID-19 overview to understand the impact factor of the global market.

Sterilized Packaging Market Segmental Table:

By Types:

• Vials & ampoules,


• Pre-fillable inhalers,


• Thermoform trays,


• Sterile bottles & containers,


• Sterile closures,


• Bags & pouches,


• Wraps,


• Pre-filled syringes,


• Blister & clamshells,


• Others

By Material

• Paper & paperboard,


• Plastics,


• Metals,


• Glass,


• Others

By Applications

• In vitro diagnostic products,


• Medical implants,


• Pharmaceutical & biological,


• Surgical & medical instruments,


• Others

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