Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Sterile Barrier Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.4% during the review period (2022 to 2027).
Sterile Barrier Packaging Market Overview
Some of the key causes influencing the expansion of the healthcare business are the growing population, an increase in the prevalence of diseases, and the adoption of new rules by governments to restrict the spread of contagious diseases. The strong microbiological barrier and long-lasting qualities of sterile medical packaging are credited with driving its expansion in the healthcare sector. Until the box is opened for use, these packaging products keep the pharmaceutical and medical supplies sterile. Additionally, it is crucial to usse appropriate sterile packaging products since they enable the removal of packaged items without contamination or damage. As a result, the sterile medical packaging market will expand during the projected period as a result of the increased need for packaging solutions in the healthcare sector.
The total percentage of the population that is 65 years of age or older is predicted to increase from 9.3 percent in the year 2020 to almost 16 percent by the end of 2050, according to a report on the "World Population Ageing" that was issued by the United Nations in 2020. This can be mostly ascribed to elements like declining birth rates and rising life expectancy rates. Additionally, improvements in the pharmaceutical and medical device sectors have contributed to a marked increase in life expectancy globally.
As a result of the rise in the number of illnesses that come with becoming older, the geriatric population is one of the biggest contributors to the healthcare sector. Japan has the greatest percentage of people over 65 in the world, at roughly 28 percent of the overall population, according to figures released by the World Bank in the year 2020. This percentage is expected to rise even further in the years to come. Other nations having a substantially greater proportion of the geriatric population include the United States and Germany, with totals of 22% and 17%, respectively. The demand for medical equipment and other disposable items is significantly influenced by the ageing population, which also increases the need for sterile medical packaging.
Industry Developments:
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.
November 2019 : Amcor built a state-of-the-art 11-layer cast extrusion line at its Winterbourne Centre of Excellence for cast films located in Bristol, U.K., with an investment of about USD 10.87 million. Along with this, the company also invested in integrated slitting and packing machinery that would process a wide range of polymer types.
Who are the Major Players in Sterile Barrier Packaging Market?
The Sterile Barrier Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes SteriPack Group, Wipak Group, West Pharmaceutical Services, Placon Medical Packaging, 3M Company, Sonoco Products Company, Amcor, Printpack, Gerresheimer, Oliver-Tolas, Sealed Air, Beacon Converters and others.
What are the major Applications, Types and Regions for Sterile Barrier Packaging Market?
Sterile Barrier Packaging Market is segmented based on the Types, applications, End users, companies and regions.
Global Sterile Barrier Packaging Market, by Type
- Chemical Sterilization
- Radiation Sterilization
- High Temperature/Pressure Sterilization
Global Sterile Barrier Packaging Market, by Applications
- Food & Beverage
- Pharmaceutical
- Consumer Good
- Others
Sterile Barrier Packaging Market Regional Analysis
In North America, there was a 14.15 billion USD market for sterile medical packaging in 2021. The market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa based on region. The largest market share belongs to North America. The largest donor to this region is the United States. The expanding pharmaceutical market and increased consumer healthcare spending are credited with the region's growth. The pharmaceutical sector is expanding as a result of the growing patient population brought on by infectious diseases like coronavirus that are spreading quickly. These elements will increase the demand for this type of packaging in this area.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Sterile Barrier Packaging Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.4% during the review period (2022 to 2027).
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By Types
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- Chemical Sterilization
- Radiation Sterilization
- High Temperature/Pressure Sterilization
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By Application
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- Food & Beverage
- Pharmaceutical
- Consumer Good
- Others
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By Companies
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SteriPack Group, Wipak Group, West Pharmaceutical Services, Placon Medical Packaging, 3M Company, Sonoco Products Company, Amcor, Printpack, Gerresheimer, Oliver-Tolas, Sealed Air, Beacon Converters
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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159
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Sterile Barrier Packaging Report
- Evaluate Sterile Barrier Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Sterile Barrier Packaging market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Sterile Barrier Packaging market.
Frequently Asked Questions
What is the study period of this market?
The Sterile Barrier Packaging Market is studied from 2017 - 2027.
What is the growth rate of Sterile Barrier Packaging Market?
The Sterile Barrier Packaging Market is growing at a CAGR of 7.4% over the next 5 years.
Who are the leading key players in Sterile Barrier Packaging Market?
SteriPack Group, Wipak Group, West Pharmaceutical Services, Placon Medical Packaging, 3M Company, Sonoco Products Company, Amcor, Printpack, Gerresheimer, Oliver-Tolas, Sealed Air, Beacon Converters
What regions does this Sterile Barrier Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Sterile Barrier Packaging Market?
Chemical Sterilization, Radiation Sterilization, High Temperature/Pressure Sterilization
What are the significant applications of Sterile Barrier Packaging Market?
Food & Beverage, Pharmaceutical, Consumer Good, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
