Sterilized Packaging Market Competitive Dynamics, Global Size, Outlook And Forecast To 2022
Sterilized Packaging Market Scenario
As per Market Research Future (MRFR)’s report, the global sterilized packaging market is expected to scale a decent value striking a steady CAGR over the forecast period. Packaging has gained quick mileage in recent years. The developments in packaging technology are likely to unleash tremendous developmental opportunities for the market players over the next couple of years.
The growing need for preserving the integrity of pharmaceuticals is the major factor responsible for driving the growth of the sterilized packaging market. The accelerated economic activities in the pharmaceutical industry are likely to lead the expansion of the market in the upcoming years.
Regional Analysis
Asia-Pacific is expected to dominate the market during the forecast period due to the rising disposable income and increasing health concerns in the middle income groups. North America is expected to grow faster during the forecast period due to increase in the consumption of dairy products and the growing health awareness. The increase in demand for the Sterilized Packaging Market for preservation of drugs, is also responsible for the growth of the market in North America.
Key Players
The key players of global Sterilized Packaging Market are Amcor Limited (U.S.), 3M (U.S.), E. I. du Pont de Nemours and Company (U.S), Bemis Company, Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.), Gerresheimer AG (Germany), SCHOTT AG (Germany), SteriPack Contract Manufacturing (U.S.), Barger Packaging Inc. (U.S.) and North American Sterilization & Packaging Company (U.S.).
Industry News
In February 2019, the merging of flexible packaging innovator Rollprint Packaging Products with Ireland-based EuroFoil Teo and Singapore-based Alliantz Flexible Packaging has led to the establishment of a new company named PAXXUS. The new company is established for the supply and manufacture of flexible packaging.
In February 2019, is an FDA-registered medical packaging provider, CleanCut Technologies, has been acquired by a leading supplier of roll stock, die-cut lids, pouches and mounting cards - Oliver Healthcare Packaging.
Intended Audience
- Sterilized packaging manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
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