Sterile Packaging Market Trends and Forecast
The future of the global sterile packaging market looks promising with opportunities in the pharmaceutical, medical instrument, and medical implant markets. The global sterile packaging market is expected to reach an estimated $22.9 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising demand for single-use medical devices and increasing focus on eco-friendly and recyclable packaging.
• Lucintel forecasts that plastics is expected to witness the highest growth over the forecast period.
• Within this market, pharmaceutical is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: The packaged currants market in the United States has seen significant developments, driven by consumer demand for healthy snacks. Companies like Sun-Maid Growers of California are expanding their product lines to include organic and no-sugar-added variants to cater to health-conscious consumers. Additionally, collaborations with major retailers have increased visibility and accessibility of currants. The U.S. government has also been supporting the fruit and vegetable industry through various agricultural programs, enhancing the overall market growth.
India: In India, the packaged currants market is expanding due to rising health awareness and increasing disposable incomes. Local companies like Kalyan Agro are focusing on introducing value-added products such as dried currants with added nutritional benefits. The government’s initiatives to boost agricultural exports under the Agriculture Export Policy 2018 have also supported market growth by improving supply chain efficiencies and reducing logistical costs.
China: ChinaÄX%$%Xs packaged currants market is experiencing growth due to the burgeoning middle class and their preference for healthy snacks. Major players such as XiÄX%$%Xan Xiyu Minnong Natural Food are investing in advanced processing technologies to improve product quality and shelf life. Additionally, the Chinese government’s push for food safety and quality standards is driving market players to adhere to strict regulatory frameworks, enhancing consumer trust.
Germany: In Germany, the packaged currants market is being propelled by the increasing trend towards organic and sustainably sourced food products. Companies like Bio Früchte GmbH are emphasizing organic certifications and sustainable farming practices. The German government’s support for organic farming through subsidies and public awareness campaigns is also fostering market growth, encouraging both production and consumption of organic currants.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sterile Packaging by Segment
The study includes a forecast for the global sterile packaging by type, application, and region.
Sterile Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Plastics
• Glass
• Metal
• Nonwoven
• Others
Sterile Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pharmaceutical
• Medical Instrument
• Medical Implant
• Others
Sterile Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sterile Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sterile packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sterile packaging companies profiled in this report include-
• Amcor
• Catalent
• Technipaq
• Printpack
• Gerresheimer
• Oliver-Tolas
• Sealed Air
Recent Development in the Sterile Packaging Market
Amcor PLC: Amcor PLC has been active in enhancing the recyclability of plastic products in healthcare. In February 2020, Amcor partnered with the Healthcare Plastics Recycling Council to address the entire packaging value chain, from design to end markets, aiming to boost recycling within the sector (Coherent Insights). Additionally, in April 2021, Amcor introduced the AmSky blister system, which eliminates PVC by using a polyethylene (PE) thermoform blister, promoting sustainability in sterile medical packaging.
DuPont De Nemours Inc.: DuPont De Nemours Inc. has focused on sustainability and innovation in sterile packaging. In September 2021, DuPont partnered with Technipaq Inc. and Freepoint Eco-Systems to recycle mixed-material plastic waste generated during healthcare packaging manufacturing. This initiative aims to reduce landfill waste by converting it into new ÄX%$%Xvirgin-qualityÄX%$%X plastics and fuels.
Steripack Ltd: Steripack Ltd has invested in expanding its capabilities in sterile medical packaging. The company is known for its comprehensive services, including contract manufacturing and packaging for medical devices, diagnostics, and pharmaceutical markets. Steripack continues to enhance its service offerings by integrating new technologies and materials to meet the growing demand for sterile packaging solutions.
Nelipak Healthcare Packaging: Nelipak Healthcare Packaging has made significant strides in ensuring the sterility and integrity of medical packaging. In September 2021, Nelipak Laboratory Services expanded its package integrity testing services, which are crucial for maintaining product sterility and patient safety. This initiative highlights the company’s commitment to high standards in medical packaging.
Technipaq Inc.: Technipaq Inc. has been proactive in integrating sustainable practices. In December 2020, the company invested in an air-knife coating machine to apply proprietary coatings to DuPont Tyvek for healthcare products, enhancing their rollstock, lidstock, and header bag offerings. Furthermore, TechnipaqÄX%$%Xs partnership with DuPont Tyvek and Freepoint Eco-Systems aims to advance sustainability by recycling healthcare packaging waste.
Features of the Global Sterile Packaging Market
Market Size Estimates: Sterile packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sterile packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Sterile packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the sterile packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sterile packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sterile packaging market size?
Answer: The global sterile packaging market is expected to reach an estimated $22.9 billion by 2030.
Q2. What is the growth forecast for sterile packaging market?
Answer: The global sterile packaging market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sterile packaging market?
Answer: The major drivers for this market are rising demand for single-use medical devices and increasing focus on eco-friendly and recyclable packaging.
Q4. What are the major segments for sterile packaging market?
Answer: The future of the sterile packaging market looks promising with opportunities in the pharmaceutical, medical instrument, and medical implant markets.
Q5. Who are the key sterile packaging market companies?
Answer: Some of the key sterile packaging companies are as follows:
• Amcor
• Catalent
• Technipaq
• Printpack
• Gerresheimer
• Oliver-Tolas
• Sealed Air
Q6. Which sterile packaging market segment will be the largest in future?
Answer: Lucintel forecasts that plastics is expected to witness the highest growth over the forecast period.
Q7. In sterile packaging market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sterile packaging market by type (plastics, glass, metal, nonwoven, and others), application (pharmaceutical, medical instrument, medical implant, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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