May 8, 2020

Sterile Packaging Market Growth Rate, Future Scope, Analysis, Business Development And CAGR To 2022

Sterile Packaging Market Analysis

Various factors are propelling the Sterile Packaging Market growth. These factors, as specified by the Market Research Future (MRFR) report, include increasing demand for sterilized packaging in the healthcare sector, increasing aging population, growing popularity of utilizing reliable packaging, and increasing competition among manufacturers for developing sterile packaging. Additional factors propelling market growth include several benefits such as better microbial protection, need for fewer resources, and cost-effective price, and need to preserve the integrity of pharmaceuticals, availability of innovative technologies, and growing demand from the cosmetic and food and beverage industry.

Market Segmentation

The Market Research Future report provides a wide segmental analysis of the Sterile Packaging Market based on material and type.

Based on material, the Sterile Packaging Market is segmented into glass, plastic, and others. Of these, the plastic segment will have the largest share in the market over the forecast period.

Based on type, the Sterile Packaging Market is segmented into vials, bottles, trays, and others. Of these, the vials segment will dominate the market over the forecast period.

Key Players

Leading players profiled in the Sterile Packaging Market report include

  • North American Sterilization & Packaging Company (US)
  • SteriPack Contract Manufacturing (US)
  • West Pharmaceutical Services, Inc. (US)
  • SCHOTT AG (Germany)
  • Gerresheimer AG (Germany)
  • Bemis Company, Inc. (US)
  • Amcor Limited (US)
  • I. du Pont de Nemours and Company (US)
  • 3M (US)
  • Barger Packaging Inc. (US)

among others. The key players have used multiple strategies in retaining and expanding the market share. These strategies include expansions, mergers and acquisitions, and product innovation.

Industry News

July 2019: Thermoform Engineered Quality has come up with TEQpropylene, a new solution which is intended in reducing harmful environmental impacts and reducing sterile packaging costs. Its clarity improvements, sustainability, and strength will offer cost-effective packaging. The pouches made by this company are utilized to pack several sterilized medical devices, especially those which are lightweight and low profile. These sterilization pouches are utilized in house sterilization of surgical instruments as well as outpatient surgical centers.

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