What Has Been the Progress and Growth of the Sterile Medical Packaging Market in Recent Years?
The sterile medical packaging market has seen considerable growth due to a variety of factors.
• The market size for sterile medical packaging has expanded rapidly in the past few years. The size is estimated to increase from $52.49 billion in 2024 to a whopping $57.96 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%.
Factors contributing to this growth during the historic period include the expansion of the medical device industry, an increase in healthcare spending, implementation of infection control measures, progress in sterilization methods, and heightened awareness about infection control.
What Can Be Expected from the Sterile Medical Packaging Market in the Coming Years?
The sterile medical packaging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for sterile medical packaging is forecasted to witness significant expansion in the ensuing years. The market value is projected to escalate to $94.49 billion in 2029, with a compound annual growth rate (CAGR) of 13.0%.
Factors contributing to this growth during the predicted period include the rise in biologics and biopharmaceuticals, an aging population, the practice of pharmaceutical serialization, the trend towards customization and sustainability, and the impact of e-commerce in the healthcare sector. Key trends for the forecast period involve the use of advanced barrier materials, the incorporation of rfid and track-and-trace technologies, the emergence of e-commerce packaging, child-resistant packaging, and tamper-evident packaging.
What Are the Critical Driver Fuelling the Sterile Medical Packaging Market's Growth?
The rise in the occurrence of infectious diseases and viruses has led to a surge in the need for sterile medical packaging to avoid any form of contamination. This is predicted to fuel the growth of the market. These diseases, brought about by infectious agents, can be transferred from one person or animal to another. For instance, The Parliament of the United Kingdom of Great Britain and Northern Ireland, a legislative body based in the UK, estimated in February 2023 that around 107,000 individuals in the UK are living with HIV. This translates to nearly one in every 600 people. This rise in infectious disease cases has elevated the demand for the sterile medical packaging market.
How Is the Sterile Medical Packaging Market segmented?
The sterile medical packaging market covered in this report is segmented –
1) By Material: Plastics, Glass, Metal, Paper & Paperboard, Other Materials
2) By Type: Thermoform Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps, Other Types
3) By Application: Pharmaceutical & Biological, Surgical & Medical Instruments, In-Vitro Diagnostic Products, Medical Implants, Other Applications
Subsegments:
1) By Plastics: Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Thermoformable Plastics
2) By Glass: Type I Glass, Type II Glass, Type III Glass, Amber Glass for Light Protection
3) By Metal: Aluminum, Stainless Steel, Tinplate, Other Metal Alloys
4) By Paper & Paperboard: Medical-Grade Paper, Coated Paperboard, Kraft Paper
5) By Other Materials: Composite Materials, Biodegradable Materials, Non-Woven Fabrics
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What New Trends Are Influencing the Sterile Medical Packaging Market?
Prominent businesses in the sterile medical packaging market are focusing their efforts on the creation of recyclable thermoforming films. These films not only enhance barrier properties but also minimize waste, thus preserving the sterility and integrity of medical devices and drugs during their lifespan. Recyclable thermoforming film denotes custom-made plastic films, which undergo a heat treatment process to generate protective packaging for medical equipment, devices, and products. This film can be sterelized using various methods, such as ethylene oxide (EO), plasma and gamma irradiation thus ensuring maintenance of the sterility of medical devices. For instance, in November 2023, Coveris Inc., an Austria-based company specialized in Packaging, unveiled a recyclable thermoforming film named Formpeel P. Formpeel P, which is in line with Coveris's dedication to sustainability and waste minimization in packaging solutions, can be recyclable. Depending on its intended purpose, Formpeel P can be affixed to a peelable polyethylene (PE) or polyolefin (PO) base, proving its adaptability to a wide array of medical packaging requirements.
Who Are the Key Players in the Sterile Medical Packaging Market?
Major companies operating in the sterile medical packaging market include:
• 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
• Januaryco Inc.
• Berry Global Inc.
• Gerresheimer AG
• Schott AG
• Sealed Air Corporation
• Bemis Company Inc.
• Mitsubishi Chemical Holdings Corporation
• UFP Technologies Inc.
• Huhtamaki Oyj
• Klockner Pentaplast Group
• Pregis LLC
• Prent Corporation
• Printpack Inc.
• Beacon Converters Inc.
• Perfecseal Inc.
• GVS Group
• Vanrx Pharmasystems Inc.
• ProAmpac LLC
• Tekni-Plex Inc.
• Constantia Flexibles Group GmbH
• Nelipak Corporation
What Is The Most Dominant Region In The Sterile Medical Packaging Market?
North America was the largest region in the sterile medical packaging market share in 2024. The regions covered in the sterile medical packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
