The global sterile rubber stopper market is anticipated to accrue a valuation of US$ 3.5 billion by 2032 while expanding at a strong CAGR range of 6% to 7% from 2022 to 2032. Valued at US$ 2 billion in 2021, the target market scaled up to US$ 2.1 billion in 2022.
This growth can be attributed to the growing popularity of packaging solutions like bottles, vials, and others across the medical and pharmaceutical sectors. These stoppers act as superior seals and ensure protection against moisture, gas, and ultraviolet (UV) rays. This fosters their demand across medical and pharmaceutical industries and promotes market growth during the forecast period.
Sterile rubber stoppers are a type of bottle plug that ensure contaminant-free seals to containers like vials, ampoules, and others. These stoppers are made from lightweight materials like butyl rubber, chlorobutyl, bromobutyl, EPDM, natural rubber, nitrile, and silicon. Sterile rubber stoppers are, thus, excellent seals and barriers against external stimuli for bottles and vials. This aspect stimulates their demand in multiple industry verticals including chemical, medical, and pharmaceutical. Hence, the sterile rubber stopper market undergoes significant growth in the upcoming years.
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The market for sterile rubber stoppers is also positively influenced by the implementation of strict regulatory measures regarding sterilization for non-contaminated and safe drug delivery by governmental and other regulatory bodies. In order to comply with these mandates, many market players are increasingly adopting advanced sterilization processes like autoclaving process, and gamma irradiation during the production of novel sterile rubber stoppers. Thus, the introduction of new sterilization standards and norms regarding rubber stopper production is projected to be immensely beneficial to the growth of the sterile rubber stopper market during the forecast period.
Key Takeaways:
- Greater fluctuations in the cost of raw materials, increasing availability of closure alternatives, and strict regulations regarding the use of Teflon coatings which is harmful to the environment are certain factors that stymie the growth of the sterile rubber stopper market during the assessment period.
- High demand for therapeutic drugs like penicillin and antibiotics propels the sterile rubber stoppers market forward in South Asia; presenting it as a lucrative pocket during 2022 and 2032.
- North America’s sterile rubber stopper market will witness a high growth rate due to the activities of major market players in the region.
- Increasing demand for these stoppers across medical, pharmaceutical, chemical, and research and development sectors generates significant growth opportunities for the market.
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Competitive Landscape
Adelphi Group, APG Pharma, SciLabware Ltd., West Pharmaceutical Services, Inc., VWR International, LLC., and DWK Life Sciences Inc. (Wheaton Industries), among others are some of the key players in the sterile rubber stopper market profiled in the full version of the report.
In a highly competitive market, prominent players are focusing on introducing and developing new products. These enterprises employ strategic partnerships, collaborations, mergers, and acquisition tactics to gain the upper hand.
More Insights into Sterile Rubber Stopper Market
In its latest report, FMI offers an unbiased and detailed analysis of the global sterile rubber stopper market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, application, material, coating, sterilization technology, diameter size, end-use, and region.
According to the latest FMI reports, based on segmentation, the pharmaceutical and medical end-use sectors will contribute substantially to the overall market growth during 2022 and 2032.
Based on region, the sterile rubber stopper market in South Asia will demonstrate considerable growth. This region will likely account for a sizeable portion of the market share. The increasing burden of diseases has fueled the demand for therapeutics like antibiotics and penicillin across different countries like India, China, and others. This growing demand has encouraged many manufacturers to expand their production of drugs and bionics which is expected to drive the sales of pharmaceutical containers that will likely propel the sterile rubber stopper market forward in South Asia. Apart from South Asia, North America will also present notable growth in the sterile rubber stopper market during 2022 and 2032.
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Key Segments Profiled in the Sterile Rubber Stopper Market Survey
By Product Type:
- Sleeve Stopper
- Straight Plug Stopper
- Snap On Stopper
- Conical Stopper
- 3Leg Stopper
By Application:
- Injection Stopper
- Infusion Stopper
- Lyophilization Stopper
- Pharmaceutical Disc
By Material:
- Butyl Rubber
- Chlorobutyl
- Bromobutyl
- EPDM
- Natural Rubber
- Nitrile
- Silicon
By Coating:
- B2 Coating
- Flurotech & Teflon Coating
By Sterilization Technology:
- Autoclavable
- Gamma Irradiation
By Diameter Size:
- 13mm
- 20mm
- 28mm
- 32mm
By End Use:
- Pharmaceutical
- Medical & Healthcare
- Chemical
- Research & Development
In conclusion, the rising usage of packaging solutions like vials and bottles across the medical and pharmaceutical sectors and significant contributions from South Asia and North America will facilitate the growth of the sterile rubber stopper market during the forecast period.
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