The sterile packaging market is estimated to reach US$ 38.1 Bn in 2022 and is projected to reach US$ 92.1 Bn by 2032, at a CAGR of 9.2% during the forecast period of 2022 to 2032. The growth of the market is driven by the increasing demand for sterile medical devices and pharmaceuticals, the growing number of surgical procedures, and the rising awareness about the importance of infection control.
The sterile packaging market is segmented by material type, product type, and end-user. The material type segment is further segmented into plastic, glass, and metal. The plastic segment is expected to dominate the market during the forecast period. This is due to the increasing use of plastic in the manufacturing of sterile medical devices and pharmaceuticals.
The product type segment is further segmented into vials, ampoules, syringes, and others. The vials segment is expected to dominate the market during the forecast period. This is due to the increasing use of vials for the packaging of injectable drugs and vaccines.
The end-user segment is further segmented into hospitals, clinics, and others. The hospital segment is expected to dominate the market during the forecast period. This is due to the increasing number of surgeries and the rising demand for sterile medical devices and pharmaceuticals in hospitals.
The key players in the sterile packaging market are Amcor, Becton Dickinson, Gerresheimer, Pfizer, Schott, and West Pharmaceutical Services. These players are focusing on innovation and product development to expand their market share.
Here are some of the trends that are expected to shape the sterile packaging market in the coming years:
- Increasing demand for single-use sterile packaging
- Growing adoption of automation in the manufacturing of sterile packaging
- Rise of personalized medicine
- Increasing focus on sustainability
The sterile packaging market is a dynamic and growing market. The players in the market are constantly innovating and developing new products to meet the growing demand for sterile packaging.
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Besides convenience and ease of handling, ampoules, vials, pre-filled syringes and cartridges also ensure safety as well as drug overfill reduction. Consequently, pharma manufacturers are likely to prefer these drug administration forms.
Moreover, emerging trend of pharmaceutical manufacturers to opt for plastics over glass for parenteral packaging is proving to be an economical and value-based approach for manufacturers. Plastic finds a wide range of applications in sterile packaging. Pouches, thermoformed trays, clamshells and other packaging products are manufactured with plastic.
The adaptability of plastic as the most preferred material for moulding into various shapes and high barrier products makes it suitable for a wide range of sterile packaging products. Regionally, North America is expected to dominate the global market on the back of expansion of the U.S. pharmaceutical industry.
Sterile Packaging Market Landscape
Becton, Dickinson and Company, Berry Global Inc., Amcor Plc, BillerudKorsnas AB, Placon Corporation Inc, Wipak Group, ProAmpac LLC, Sonoco Products Company, and West Pharmaceutical Services, Inc. are some of the top players operating in the sterile packaging. Furthermore, SteriPack Group, Nelipak Corporation, Puracon GmbH, Oliver Healthcare Packaging, LLC, Westfield Medical Ltd, GS Medical Packaging Inc. are also noticeable players in the market. Tier-1 players will hold 15-20% of the overall sterile packaging market.
Key Takeaways from Sterile Packaging Market
- As per the product type segment, vials & ampoules are expected to hold around 21%of the market share by the end of 2032.
- Plastic is considered the most used material type by sterile packaging manufacturers over the forecast period.
- Based on end use, sales of sterile packaging used for surgical & medical end use is estimated to grow at 9% CAGRbetween 2022 and 2032.
- Europe and North America, collectively, are anticipated to account for approximately 50%of the total sales of sterile packaging in 2022.
- India is anticipated to emerge as the fastest growing sterile packaging market over the forecast period of 2022 and 2032
“Burgeoning demand for hygienic and antimicrobial packaging across pharmaceutical industry will propel the global sales of sterile & anti-viral packaging solutions,” says an FMI analyst.
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Prevalence of Chronic Diseases and Improved Healthcare Infrastructure to Boost Sterile Packaging Market
The sterile packaging industry is anticipated to grow due to prevalence of chronic illnesses and advancement of healthcare facilities across the glove. This is likely to propel the demand for all types of medicinal products such as trays, clamshells, bags, pouches and many more.
The sterile packaging market is projected to gain traction backed by the adoption of technologically advanced manufacturing practices. Sterile packaging increases the shelf life of products, this results in a longer lifespan of a product. Thus, the rise in the number of people having a chronic illness and improved healthcare facilities fuels the sales of sterile packaging.
Sterile Packaging Market by Category
By Product Type:
- Thermoform Trays
- Bottles/Containers
- Vials & ampoules
- Caps & Closures
- Pre-filled syringes
- Blister & clamshells
- IV Bags & pouches
- Wraps
- Others (Lids, etc.)
By Material Type:
- Plastic Sterile Packaging
- Glass Sterile Packaging
- Metal Sterile Packaging
- Paper & paperboard Sterile Packaging
By End Use:
- Pharmaceutical & Biological
- Surgical & Medical Instruments
- Food & Beverage
- Other End Use
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By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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