The Global Sterile Medical Packaging Market Report By The Business Research Company Covers Sterile Medical Packaging Market’s Drivers And Restraints, Sterile Medical Packaging Market Size, Major Players, And The Impact Of COVID-19 On The Sterile Medical Packaging Market.
The sterile medical packaging market consists of sales of non-reusable sterile medical packaging utilized for the protection of medical products used in the healthcare industry against microbial contamination. This packaging is intended to protect the sterility from the point of packaging, until the time of use. Only goods and services traded between entities or sold to end consumers are included.
Increased prevalence of infectious diseases and viruses has led to an increase in demand for sterile medical packaging to prevent any contamination, is expected to contribute to the growth of the market.
The global sterile medical packaging market is expected to grow from $34.26 billion in 2020 to $38.61 billion in 2021 at a compound annual growth rate (CAGR) of 12.72%. The growth is mainly due to the outbreak of COVID-19 that increased demand for the companies that cater medical equipment to treat the affected patients. The market is expected to reach $54.44 billion in 2025 at a CAGR of 8.97%.
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Some sterile medical packaging market trends include environmentally friendly packaging. Concerned about growing waste, and plastic pollution of the oceans, medical products manufacturing companies are adopting future sustainable business practices and showing interest towards utilization of packaging materials that are renewable and recyclable. Several pharmaceutical companies are switching to environment friendly sterile packaging to meet their sustainability goals. For instance, in January 2021, AstraZeneca has launched a sustainability plan worth $1 billion that has several sustainable packaging initiatives underway to reduce the carbon footprint by 2030. In September 2020, Johnson & Johnson consumer health division invested $800 million through 2030 towards adoption of future sustainable packaging solutions.
Global sterile medical packaging market segments include:
By Material: Plastics, Glass, Metal, Paper & Paperboard, Others
By Type: Thermoform Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps, Others
By Application: Pharmaceutical & Biological, Surgical & Medical Instruments, In-Vitro Diagnostic Products, Medical Implants, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global sterile medical packaging market share.
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The Sterile Medical Packaging Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides sterile medical packaging market overviews, analyzes and forecasts market size, share, sterile medical packaging market players, sterile medical packaging market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The sterile medical packaging identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Sterile Medical Packaging Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Amcor Limited, DuPont De Nemours and Company, 3M Company, West Pharmaceutical Services, Inc., Oliver Healthcare Packaging LLC, Placon Corporation, Oracle Packaging, Riverside Medical Packaging Company Ltd, Wipak Group., Steripack Ltd., BillerudKorsnäs, Techinipaq Inc., GS Medical Packaging Inc., Sonoco Products Company, Nelipak Healthcare Packaging, and Janco INC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Sterile Medical Packaging Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Sterile Medical Packaging Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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