Sterilized Packaging Market Size, Share & Growth Report 2031

Sterilized Packaging Market Size, Share & Growth Report 2031

Segments - Sterilized Packaging Market by Sterilization Methods (High Temperature/Pressure, Radiation, and Chemical), Products (Clamshell, Pouches, Bottles, Vials, Blisters & Ampoules, and Others), Materials (Metal, Plastic, and Glass), End-users (Medical & Surgical, Pharmaceuticals & Biological, Food & Beverage, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-3932 | 4.3 Rating | 72 Reviews | 221 Pages | Format : PDF Excel PPT

Report Description


The global sterilized packaging market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising demand for packaging among retailers and manufacturers to increase the shelf life of products.

Sterilized packaging is one of the most popular packaging designs used to keep bacteria, fungus, and other microorganisms away from the contents of the package. It is used to sterilize and seal the contents of a sterile package for medical supplies, food, utensils, and other materials that are susceptible to microorganisms. After the sealing of package is done, the products in the packaging will remain sterile until the package is opened by the consumer. Generally, the contents within the packaging is also sterilized separately and then filled into packaging in microbe’s free or aseptic environment.

Global Sterilized Packaging Market Outlook

Sterile packaging is used for a wide variety of foods particularly dairy and meat products while it has extensive application in the pharmaceuticals industry to medical supplies such as bandages, dental instruments, and surgical instruments. The use of sterile devices is of utmost necessity to prevent the entry of microbes in human body specifically in bloodstream through an open wound. The packaging products are sterilized by methods such as steam sterilization, UV light radiation, filter sterilization, and chemical method, which include the use of chemicals namely quaternary ammonium salts, chlorine, glutaraldehyde, and formaldehyde. Sterilized packaging offers several benefits to the manufacturer and consumers in terms of increasing shelf life of products, products quality, and safety, while maintain minimal damage to the products during shipping. 

The COVID-19 pandemic outbreak had boosted the global sterilized packaging market as the demand for effective packaging of medical devices and drugs for the virus treatment were rising rapidly. Additionally, several government organizations stepped up to impose various preventive measures such as the use of face mask mandatory for everyone and expansion of healthcare facilities. Some of these factors are pushing to increase demand for their sterilized packaging.

  • Stringent government policies regarding the effective and safe packaging solutions for food and pharmaceutical products is one of the key factors driving the market.
  • Increasing cases of microbial infection due to unsterilized medical equipment especially in developing countries is projected to boost the market during the forecast period.
  • Maintaining the microbial barrier for medical products during entire supply chain act as major challenges that can restrict the market growth in the coming years.
  • High cost associated with sterilized packaging solutions is expected to hamper the market growth during the projected timeline.
  • Growing advancements in sustainable packaging is anticipated to create significant growth opportunities for the market.

Scope of Sterilized Packaging Market Report

The report on the global sterilized packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Sterilized Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Sterilization Methods (High Temperature/Pressure, Radiation, and Chemical), Products (Clamshell, Pouches, Bottles, Vials, Blisters & Ampoules, and Others), Materials (Metal, Plastic, and Glass), and End-users (Medical & Surgical, Pharmaceuticals & Biological, Food & Beverage, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Baxter International Ltd.; Wipak Group; Amcor PLC; Placon Corp. Inc.; and E.I. du Pont de Nemours and Co.

Sterilized Packaging Market Segment Insights

Wide adoption drives the radiation segment

On the basis of methods, the global sterilized packaging market is divided into high temperature/pressure, radiation, and chemical. The radiation segment is projected to register a significant growth during the projected period owing to the wide adoption of radiation method as it effectively neutralizes the microorganisms from the packaging surface in less time. However, the high temperature/pressure segment is anticipated to expand at a substantial growth rate in the coming years attributed to the less time requirement, uniform heat distribution for sterilization, and faster heating and cooling of sterilizing objects.

Vial segment to grow at high CAGR

In terms of products, the market is segmented into clamshell, pouches, bottles, vials, blisters & ampoules, and others. The vial segment is estimated to grow at high CAGR during the forecast period owing to the increasing need of vial packaging in pharmaceuticals for storing liquid medications and capsules or tablets. On the other hand, the bottle segment is anticipated to register significant growth during the projected period attributed to growing demand for the bottles from the food industry for the sterilized packaging of beverages.

Plastic segment to grow at rapid pace

Based on materials, the global sterilized packaging market is fragmented into metal, plastic, and glass. The plastic segment is expected to grow at a rapid pace during the forecast period due to the high usage and increase in demand for medical and food packaging. However, the glass segment is projected to expand at a substantial growth rate in the coming years attributed to the wide adoption of glass material in packaging. This material is sustainable and recyclable that can be reused after sterilization.

Global Sterilized Packaging Market Material

Growing incidences of microbial infection drives the medical & surgical segment

On the basis of end-users, the market is segregated into medical & surgical, pharmaceuticals and biological, food & beverage, and others. The medical & surgical segment is projected to expand at robust growth rate during the forecast period due to the growing incidences of microbial infections with the use of unsterilized equipment. On the other hand, the food & beverage segment is anticipated to expand at a substantial CAGR during the forecast period owing to the rising demand for packaged food from consumers. Additionally, surging adoption of sterilized packaging from manufacturers to maintain the quality and test of product is driving the segment further.

Global Sterilized Packaging Market End Users

Asia Pacific to constitute a key market share

In terms of geography, the global sterilized packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to the increasing disposable income of consumers and growing focus of healthcare facilities to provide quality medical treatment in the region. However, the market of North America is anticipated to grow at a rapid pace during the forecast period due to the stringent government regulations for packaging solutions and presence of key global players in the region.

Global Sterilized Packaging Market Region

Segments

The global sterilized packaging market has been segmented on the basis of

Methods

  • High Temperature/Pressure
  • Radiation
  • Chemical

Products

  • Clamshell
  • Pouches
  • Bottles
  • Vials
  • Blisters & Ampoules
  • Others

Material

  • Metal
  • Plastic
  • Glass

End-users

  • Medical & Surgical
  • Pharmaceuticals & Biological
  • Food & Beverage
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global sterilized packaging market are Baxter International Ltd.; Wipak Group; Amcor PLC; Placon Corp. Inc.; and E.I. du Pont de Nemours and Co. Companies are focusing on investment in R&D for development for advancements in sterilized packaging to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquire new buyers.

For instance, in June 2018, Oracle Packaging's specialty lamination, healthcare, induction seal, and performance lid stock businesses was acquired by Tekni-Plex, a US-based manufacturer of medical equipment. The acquisition helped Tekni-Plex to combine their existing liner expertise with specialty packaging. In November 2019, Thermoform Engineered Quality and Plastique Holdings was acquired by Sonoco for USD 187 million to help the Sonoco to expand the healthcare packaging business.

Global Sterilized Packaging Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sterilized Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sterilized Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sterilized Packaging Market - Supply Chain
  4.5. Global Sterilized Packaging Market Forecast
     4.5.1. Sterilized Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sterilized Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sterilized Packaging Market Absolute $ Opportunity
5. Global Sterilized Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Sterilized Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Sterilized Packaging Demand Share Forecast, 2019-2026
6. North America Sterilized Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Sterilized Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Sterilized Packaging Demand Share Forecast, 2019-2026
7. Latin America Sterilized Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Sterilized Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Sterilized Packaging Demand Share Forecast, 2019-2026
8. Europe Sterilized Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Sterilized Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Sterilized Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Sterilized Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Sterilized Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Sterilized Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Sterilized Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Sterilized Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Sterilized Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Sterilized Packaging Market: Market Share Analysis
  11.2. Sterilized Packaging Distributors and Customers
  11.3. Sterilized Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Baxter International Ltd.
     11.4.2. Wipak Group
     11.4.3. Amcor PLC
     11.4.4. Placon Corp. Inc.
     11.4.5. E.I. du Pont de Nemours and Co.

Methodology

Our Clients

FedEx Logistics
Microsoft
Pfizer
Dassault Aviation
General Mills
sinopec
Deloitte
Siemens Healthcare