Sterile medical packaging market to reach $ 68.49 billion

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Pune, India, December 16, 2021 (GLOBE NEWSWIRE) – The world sterile medical packaging market The size is expected to gain momentum due to the increasing prevalence of various contagious diseases, such as SARS, tuberculosis, influenza, colds and COVID-19. In June 2020, for example, Placon expanded its thermoforming production capacity in Indiana to meet the high demand for this type of medical packaging amid the COVID-19 pandemic. the market size was 35.74 billion USD in 2020 and is expected to reach 68.49 billion USD by 2028, with a CAGR of 8.1% during the forecast period.

List of the main profiled companies in the world Sterile Medical Packaging Market are:

  • Amcor Plc (Switzerland)
  • Placement (United States)
  • DuPont (United States)
  • Steripack Ltd. (Ireland)
  • Wipak Group (Finland)
  • Nelipak Healthcare (United States)
  • Tekni-Plex (United States)
  • Sonoco (United States)
  • BillerudKorsnäs AB (Sweden)
  • ProAmpac (United States)
  • West Pharmaceutical Services, Inc. (United States)
  • Riverside Medical Packaging Company Ltd (UK)
  • Oliver Healthcare Packaging (United States)
  • GS Medical Packaging (Canada)
  • Orchid (United States)
  • Technipaq Inc. (United States)
  • Others

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Report Coverage:

We aim to provide the best market research solutions under one roof to help our clients choose the right strategy according to their needs. Our syndicated or custom reports provide accurate statistics and comprehensive revenue analysis. The Competitive Landscape section contains detailed profiles of leading players. They also include a description of the business, revenue and sales generated by the Sterile Medical Packaging activity.

Segmentation:

Pharmaceutical & Biological Segment to dominate fueled by increasing cases of contagious diseases

On the basis of material, the market is divided into plastics, glass, metal, paper and cardboard, and others. By type, it is separated into thermoformed trays, sterile bottles and containers, vials and ampoules, pre-fillable inhalers, sterile closures, refillable syringes, blisters and shells, bags and sachets, packaging and others.

Based on the sterilization method, it is segmented into chemical sterilization, radiation sterilization and high temperature / pressure sterilization. Finally, by application, it is classified into pharmaceutical and biological, surgical and medical instruments, in vitro diagnostic products, medical implants and others. Among these, the in vitro diagnostic products segment gained 11.9% in terms of sterile medical packaging market share in 2020. The pharmaceutical and biological segment is expected to dominate in the near future due to the increase in market share. cases of non-contagiousness and contagiousness. diseases among people.

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https://www.fortunebusinessinsights.com/sterile-medical-packaging-market-102798

Conductors and restraints:

Ability to act as Superior microbial barrier to stimulate growth

Growing incidence of contagious diseases, increasing use of new rules and regulations by government agencies, and increasing population are the major factors that are expected to drive the growth of the sterile medical packaging market in the coming years. In addition, these products have various beneficial properties, such as durability and superior microbial barrier. However, the production of sterile medical packaging revolves around certain strict regulatory standards, such as EN ISO 11607 (part 1 and part 2). This can hamper the growth of the market.

Regional perspectives:

Rising healthcare infrastructure to help North America dominate: Fortune Business Insights â„¢

Geographically, North America generated $ 12.79 billion in revenue in 2020 and is expected to remain at the forefront for the near future. The United States is the main contributor to growth due to the presence of a well-established pharmaceutical industry and increasing healthcare spending.

On the other hand, Europe is expected to remain in second place thanks to the increasing use of medical equipment, namely pre-fillable syringes, blister trays, vials and ampoules and sterile bottles and containers. In Asia Pacific, growing consumer awareness and increasing population, especially in India, Japan and China, would increase demand for sterile medical packaging.

Competitive landscape:

Major players focus on acquisitions and capacity extensions to increase competition

The market is semi-consolidated with only 15 companies in a leading position. They mainly focus on mergers and acquisitions to gain a competitive advantage. Some of them are struggling to meet the high demand for their products due to the COVID-19 pandemic. Thus, they expand their production capacities.

Below are the two latest developments in the industry:

  • june 2019: Kohlberg & Company, LLC announced the acquisition of Bemis Healthcare Packaging Europe from Amcor. The latter is on the verge of merging with Nelipak Corporation, Inc. This new agreement would help the company expand its geographic presence in the industry.
  • november 2019: Sonoco has signed an agreement to acquire Plastique Holdings, LTD and Thermoform Engineered Quality for $ 187 million. This acquisition would help the former grow its booming healthcare packaging business.

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Detailed table of contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Main emerging trends – for the main countries
    • Key developments: capacity extensions, acquisitions, partnerships, etc.
    • Latest technological advances
    • Overview of the regulatory scenario
    • Porters Five Forces Analysis
  • Qualitative analyzes of the impact of COVID-19 on the global sterile medical packaging market
    • Supply chain analysis and challenges
    • Measures taken by government / companies to overcome this impact
    • Potential challenges and opportunities due to the COVID-19 epidemic
  • Global Sterile Medical Packaging Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / summary
    • Market size estimates and forecasts
      • By material (value)
        • Plastics
        • Glass
        • Metal
        • Paper and cardboard
        • Others
      • By type (value)
        • Thermoformed trays
        • Sterile bottles and containers
        • Sterile closures
        • Pre-filled inhalers
        • Prefillable syringes
        • Bottles & Ampoules
        • Blister & Shells
        • Bags & Pouches
        • Wraps
        • Others
      • By sterilization method (value)
        • Chemical sterilization
          • Ethylene oxide (EtO)
          • Hydrogen peroxide
          • Others
        • Radiation sterilization
          • Gamma radiation
          • E-beam
          • Others
        • High temperature / pressure sterilization
          • Steam autoclave
          • Dry heat
      • By application (value)
        • Pharmaceutical & Biological
        • Surgical and medical instruments
        • In vitro diagnostic products
        • Medical implants
        • Others
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East and Africa

COT continues…!

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