Global Sterile Medical Packaging Market Report 2021: Growth and Change in COVID-19
The major players in the sterile medical packaging market are 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 .
New York, July 09, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Sterile Medical Packaging Global Market Report 2021: COVID-19 Growth And Change” – https://www.reportlinker.com/p06103741 /? utm_source = GNW
, Steripack Ltd., BillerudKorsnäs, Techinipaq Inc., GS Medical Packaging Inc., Sonoco Products Company, Nelipak Healthcare Packaging and Janco INC.
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 driven by the COVID-19 outbreak which has increased demand for companies that provide medical equipment to treat affected patients. The market is expected to reach $ 54.44 billion in 2025 at a CAGR of 8.97%.
The sterile medical packaging market consists of the sale of non-reusable sterile medical packaging used for the protection of medical products used in the healthcare industry against microbial contamination. This packaging is intended to protect sterility from the point of packaging until the time of use. .
Only goods and services traded between entities or sold to final consumers are included.
The main types of sterile medical packaging are blister trays, sterile bottles and containers, sterile closures, pre-fillable inhalers, pre-fillable syringes, vials and ampoules, blisters and blisters, bags and sachets. , the packages. The various materials used for the manufacture of the packaging include plastic, glass, metal, paper and cardboard for use in pharmaceutical and biological, surgical and medical instruments, in vitro diagnostic products, medical implants. and other industries.
North America was the largest region of Sterile Medical Packaging market in 2020. Regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America , South America, the Middle East and Africa.
Strict regulations regarding the specifications and materials used by companies in manufacturing sterile medical packaging are expected to hold back the growth of the market. Compliance with regulations is required because the small defect in the packaging can contaminate the product and endanger the life of a patient.
For example, the Food and Drug Administration (FDA) has established several sterilization validation standards such as the ISO 11137 consensus standard for radiation validation. Such standards require specialized skills, resources, money and time, which limits the growth of sterile medical packaging.
In June 2019, Amcor, a packaging company for food, beverage, pharmaceutical, medical, home and personal care and other products acquired the Bemis company for an undisclosed amount. This acquisition aimed to make Amcor the world leader in increasing production and generating significant value with cutting-edge R&D capabilities.
Bemis Company, a United States-based company, is a manufacturer of flexible packaging products, including sterile packaging solutions for the healthcare industry, among others.
The increased prevalence of infectious diseases and viruses has led to increased demand for sterile medical packaging to prevent contamination, is expected to help the market growth. Infectious diseases are caused by infectious agents and can be transmitted from one person or animal to another.
According to the WHO, in April 2021, worldwide, 150 million confirmed cases of COVID-19 were reported and 3.1 million deaths. The increase in the number of infectious disease cases has increased the demand for the sterile medical packaging market.
Environmentally friendly packaging is an emerging trend in the sterile medical packaging market. Concerned about the growth of waste and plastic pollution of the oceans, medical product manufacturing companies are adopting sustainable future business practices and are interested in the use of renewable and recyclable packaging materials.
Several pharmaceutical companies are turning to environmentally friendly sterile packaging to meet their sustainability goals. For example, in January 2021, AstraZeneca launched a $ 1 billion sustainability plan that includes several ongoing sustainable packaging initiatives to reduce the carbon footprint by 2030.
In September 2020, Johnson & Johnson’s Consumer Healthcare division invested $ 800 million through 2030 in the adoption of future sustainable packaging solutions.
Countries Covered in the Sterile Medical Packaging Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06103741/?utm_source=GNW
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