Sterile Medical Packaging Market Forecasts to 2028 – Global Analysis By Material Type (Paper and Paperboard, Glass, Metal and Other Material Types), Sterilization Method (High Temperature/Pressure Sterilization, Chemical Sterilization and Radiation Steril

Sterile Medical Packaging Market Forecasts to 2028 – Global Analysis By Material Type (Paper and Paperboard, Glass, Metal and Other Material Types), Sterilization Method (High Temperature/Pressure Sterilization, Chemical Sterilization and Radiation Sterilization), Product Type (Sterile closures, Thermoform trays and Other Product Types), Application and Geography

According to Stratistics MRC, the Global Sterile Medical Packaging Market is accounted for $43.57 billion in 2022 and is expected to reach $75.10 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Sterilization is a crucial processing step in the healthcare business. Sterilization is intended to inactivate microbiological contaminants so that instruments can be turned from non-sterile to sterile. Sterile medical packaging is a non-reusable packing material that functions as a microbiological barrier. The majority of this packaging, such as wraps, pouches, and containers, is meant to protect medical supplies from the outside environment and to avoid the unintended transfer of illnesses. Furthermore, these sterile barrier systems keep products sterile from the time they are packaged and sterilised until they are used. They provide useful features like as tear resistance, durability, breathability, and a strong microbiological barrier to keep drugs and medical equipment sterile throughout their lives.

According to the Annals of Intern Medicine, by the end of March 2020, the U.S. only had 12 million N95 respirators and 1,60,000 ventilators amongst the overall population of the country.

Market Dynamics:

Driver:

Increasing demand for sterile packaging systems in healthcare industry

Rising population, increased disease prevalence, and government adoption of new legislation to restrict the spread of contagious diseases are some of the primary drivers driving the expansion of the healthcare industry. The strong microbiological barrier and durability qualities of sterile medical packaging have contributed to its expansion in the healthcare business. These packaging products keep pharmaceutical and medical supplies sterile until the package is opened for use. Furthermore, utilising appropriate sterile packing products is critical since it permits the extraction of wrapped items without infection or harm. As a result, increased demand for packaging solutions in the healthcare industry will fuel sterile medical packaging market growth over the forecast period.

Restraint:

Strict regulations

Strict rules governing the specifications and materials used by manufacturers in packaging are projected to limit industry expansion. Compliance with rules is required since even minor flaws in packaging might contaminate the product and endanger the patient's life. As a result, tough regulatory criteria are developed and applied in their manufacturing. These criteria ensure that the packed devices or instruments are not adversely affected or damaged by packing items or external causes. EN ISO 11607 is a global standard that establishes the validation requirements of medical packaging systems used for sterilised medical devices or instruments. These validation requirements are employed in a variety of packaging product phases, including material selection, design qualification, design testing and control, and process validation.

Opportunity:

Rising adoption of single-use medical equipment

The increasing prevalence of contagious diseases such as corona virus, cold, flu, TB, and SARS has resulted in an increase in demand for single-use medical equipment or gadgets. Syringes, needles, bandages, face masks, gloves, applicators, suction catheters, testing kits, and surgical sponges are among the items available. Because these devices are only used once, they prevent bacteria or infection from migrating from one patient to the next. Such devices require very effective packing to maintain their sterility. These items are thought to be effective packaging solutions for such devices. They keep single-use medical equipment away from dampness and chemicals. These packaging solutions are available in a variety of sizes and forms to meet the needs of the application. Hence, the rising demand for single-use medical equipment will fuel the market.

Threat:

Maintaining medical packaging integrity

Maintaining the integrity of the medical package during storage, transportation, and distribution becomes a difficulty for producers. Maintaining device sterility is crucial for patient protection and illness prevention. Damage or vibrations during shipping and storage usually compromise the integrity of sterile packaging. Factors such as humidity and age can affect the product's packaging integrity. As a result, manufacturers must assign an accurate shelf life to the product and ensure that the packing material used is suitable for the specified sterilising process, storage, transportation, and ultimate usage. Maintaining the integrity of sterile medical packaging while remaining cost effective has become a concern for producers.

Covid-19 Impact

Because of the COVID-19 pandemic, the healthcare industry has expanded rapidly. People are increasingly concerned about their health and safety as a result of the coronavirus, which has prompted the healthcare profession to strictly adhere to new government cleanliness norms and regulations. Furthermore, hospital systems have become overburdened by the fast expanding number of patients, putting a strain on the healthcare business. Due to the need to prevent the virus from contaminating other items and spreading, this resulted in a rise in the need for such packaging equipment. Because of the pandemic, there has been an increase in the demand for diagnostic testing, personal protective equipment (PPE), medical ventilators, and other important medical supplies. As a result, there is an increased demand for sterile/aseptic packaging, anti-viral packaging, and innovative sustainable packaging choices.

The plastic segment is expected to be the largest during the forecast period

The plastic segment is estimated to have a lucrative growth, due to the high consumption and increasing end-user demand for plastic polymers. It is commonly utilised in the production of sterile medical packaging such as bottles, vials and ampoules, and pre-filled syringes. Plastic is the most common and rapidly growing raw material utilised in the manufacture of sterile medical packaging. Polyvinyl chloride (PVC), polypropylene (PP), polycarbonate (PC), high impact polystyrene (HIPS), polyethylene terephthalate (PET), and high-density polyethylene are the most commonly used in medical packaging (HDPE). Because of their easy moldability, low cost, and protective qualities, these polymers are an excellent choice for medical packaging solutions.

The thermoform trays segment is expected to have the highest CAGR during the forecast period

The thermoform trays segment is anticipated to witness the fastest CAGR growth during the forecast period, due to lightweight properties, easy adaptability, and ease to move. . It is made of plastic and comes in a variety of sizes and forms. Sutures, implants, testing kits, and other delicate medical materials are packed in these trays. Because of their light weight, they are adaptable and simple to transport. Plastic trays offer a highly versatile packaging design since the plastics used for trays may be thermoformed into a variety of shapes. The two thermoform trays used in the healthcare industry are semi-rigid and flexible.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the rising pharmaceutical industry and increasing consumer healthcare spending. Furthermore, a surge in competitors with rigorous FDA restrictions for the sectors in the region enhances the growth of the Sterile Medical Packaging Market. The growing number of patients as a result of fast spreading contagious diseases such as corona virus has resulted in the expansion of the pharmaceutical sector. These factors will increase demand for this type of packaging in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to pharmaceutical market growth in the region. In densely populated nations such as India, Brazil, and China, pharmaceutical packaging is in great demand. Increased pharmaceutical production in these countries has increased demand even further. The region is home to pharma behemoths like China and India, who are world leaders in the pharmaceutical industry. The growing population and consumer awareness of healthcare needs have bolstered the healthcare industry in this region.

Key players in the market

Some of the key players profiled in the Sterile Medical Packaging Market include Oracle Packaging, DuPont, ProtUnix, Amcor Limited, West Pharmaceutical Services, Inc., Sonoco Products Company, 3M Company, ProtUnix , Ampac Group, Oliver Healthcare Packaging, LLC, Nelipak Healthcare Packaging, Bemis Company, Inc., SteriPack Contract Packaging and BillerudKorsnas AB

Key Developments:

In September 2021, Nelipak Laboratory Services performed Package Integrity Testing to ensure the sterility and integrity of products. Package Integrity is a major concern for all manufacturers, particularly ones in the medical device industry where the sterility and integrity of products can have a major impact on patients' health. This is expected to provide further growth opportunities to the company in the market.

In June 2021, Amcor launched ACT2100, a heat seal coating medical packaging solution. This product will enhance performance in healthcare applications and serve customers’ device packaging needs.

In November 2019, Sonoco, one of the most sustainable global packaging companies, acquired Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, also known as TEQ, a global manufacturer of thermoformed packaging serving healthcare and medical devices.

In October 2019, 3M announced the global acquisition of Acelity, Inc. and its KCI subsidiaries. Acelity is a multinational medical technology firm focusing on improved wound care and specialty surgical applications under the KCI brand. This acquisition moved 3M to the forefront of advanced wound care, an essential and developing industry niche.

Material Types Covered:
• Paper and Paperboard
• Glass
• Metal
• Plastic
• Other Material Types

Sterilization Methods Covered:
• High Temperature/Pressure Sterilization
• Chemical Sterilization
• Radiation Sterilization

Product Types Covered:
• Sterile closures
• Thermoform trays
• Blister & clamshells
• Pre-filled syringes
• Vials & ampoules
• Sterile bottles & containers
• Pre-fillable inhalers

Applications Covered:
• Medical implants
• Surgical & medical instruments
• In vitro diagnostic products
• Pharmaceutical & biological
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements