Global Sterile Medical Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The sterile medical packaging market is expected to register a CAGR of 9.86% during the forecast period (2021 - 2026). The ongoing COVID-19 pandemic has posted a significant impact on market growth. Healthcare systems worldwide are being put under unprecedented strain by the devastating impact of COVID-19. Hospital sterilization centers are experiencing increased pressure to ensure the safety of both patients and frontline healthcare workers. The pandemic has opened up opportunities for innovation. Uflex, an FMCG and pharma package manufacturing firm, expects COVID-19 to propel the development of sterile and anti-microbial packaging solutions.
Key HighlightsThe sterile medical packaging market is highly competitive, owing to several small and large players operating in domestic and international markets. The market appears to be moderately concentrated. The players in the market are adopting major strategies, like product innovations, mergers and acquisitions, and strategic partnerships, to widen their product portfolio and expand their geographical reach. Some of the players in the market are Amcor PLC, Steripack Ltd, Wipak Group, and Placon Corporation, among others.
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