Global Sterile Medical Packaging Market Trends And Strategies Of Major Players In The Sterile Medical Packaging Market 2021-2030
7 Jun, 2021
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.
Global Sterile Medical Packaging Market Size And Drivers:
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%. 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.
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Trends In The Global Sterile Medical Packaging Market
Environmental friendly packaging is an emerging trend in the sterile medical packaging market. 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 environmental 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.
Global Sterile Medical Packaging Market Segments:
The global sterile medical packaging market is further segmented based on material, type, application and geography.
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 global sterile medical packaging market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the sterile medical packaging market in 2020.
Read More On The Report For The Global Sterile Medical Packaging Market At:https://www.thebusinessresearchcompany.com/report/sterile-medical-packaging-global-market-report
Sterile Medical Packaging Global Market Report 2021 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 and growth for the global sterile medical packaging market, sterile medical packaging market share, sterile medical packaging market players, sterile medical packaging market segments and geographies, sterile medical packaging market’s leading competitors’ revenues, profiles and market shares. The sterile medical packaging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.