The Global Sterile and Antiviral Packaging Market is projected to achieve a significant CAGR of 5.3% from 2022 to 2030, resulting in a valuation of $37.9 billion by 2030, compared to $25 billion in 2022. This growth is driven by the surging demand for life-saving medications and vaccines worldwide, leading to an expected 1.5 times increase in global sales between 2022 and 2030.
Among the different package types, vials, ampoules, blister, and clamshell packaging are the most widely used across regions, collectively accounting for over one-third of the global market share in 2022.
In terms of materials, plastics and metals dominate the market, constituting about four-fifths of the total sterile and antiviral packaging sold globally in 2022. The widespread availability and easy access to these materials make them highly preferred by packaging manufacturers.
Europe is expected to hold the largest market share for sterile and antiviral packaging compared to other regions, with an estimated market share of 27% in 2022.
However, the market dynamics of the sterile and antiviral packaging industry are influenced by certain challenges, such as the increasing generation of plastic waste and rising healthcare facility costs, which are likely to hinder market growth.
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Advancements in the market include the use of Blow-Fill-Seal (BFS) technology, which is a more robust method for the aseptic preparation of sterile pharmaceuticals. In April 2022, Amcor plc expanded its healthcare packaging capabilities in Europe, contributing to market advancements.
FMI’s analysis indicates a surge of 60 basis share points (BPS) in the sterile and antiviral packaging market in H1-2022 compared to H1-2021. Moreover, when comparing the projected H1-2022 and H1-2022 outlook period, a rise of 40 BPS in the growth rate has been observed.
Key Takeaways:
- The Global Sterile and Antiviral Packaging Market is projected to reach US$ 37.9 billion by 2030, with a CAGR of 5.3% from 2022 to 2030.
- High demand for life-saving drugs and vaccines drives the astonishing growth of sterile and antiviral packaging sales.
- Vials & ampoules, along with blister & clamshell packaging types, are the most widely used in the market, accounting for over one-third of the market share in 2022.
- Plastics and metals combined make up around four-fifths of the total sterile and antiviral packaging sold globally in 2022.
- The European region holds the largest market share in the sterile and antiviral packaging market, with an estimated 27% market share in 2022.
- Industry factors such as plastic waste generation and rising healthcare costs may hinder market growth.
- Advancements in the market include the use of Blow-Fill-Seal (BFS) technology and expansions of healthcare packaging capabilities.
- FMI’s analysis shows a surge of 60 BPS in the market in H1-2022 compared to H1-2021, with a rise of 40 BPS in the projected H1-2022 outlook period.
- Sterile and antiviral packaging preserves and protects products from contamination, harmful bacteria, and air reactions, improving shelf life and providing better protection against pathogenic infections.
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“Key manufacturers of self-fusing silicone tapes are focusing on product innovation and technological integration which can allow scale of production resulting in quality product for a lower cost. This is likely to attract customers as it balances the cost and value. Organizations are also partnering and collaborating with other players in the market to tap potential markets by penetrating deeper into the filament tapes market. This enhances brand value and increase market share in the self-fusing silicone tapes market.” says an FMI analyst.
Competitive Landscape
The key market players across sterile and antiviral packaging market are coming up with launch of innovative packaging solutions made up of sustainable materials and focusing on expanding their global footprint:-
In November 2021, Becton, Dickinson and Company opened a new manufacturing facility in Zaragoza, Spain for supporting growth of pre-filled syringes in the region.
In October 2021, Becton, Dickinson and Company collaborated with U.S. Government to Covid-19 combination diagnostic tests and received initial funding of US$ 24.7 Mn for the same.
- Becton, Dickinson and Company
- E.IE. I. Dupont De Nemours and Company
- Amcor Plc
- BillerudKorsnas AB
- Placon Corporation Inc
- Wipak Group
- ProAmpac LLC
- SteriPack Contract Manufacturing
Market Benefits
- The study provides an in-depth analysis of the global sterile and antiviral packaging market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
Self-Fusing Silicone Tapes Market By Category
By Thickness :
- Up to 0.25mm
- 0.26mm to 0.50mm
- 0.51mm to 0.75mm
- Above 0.75mm
By Product Type :
- Rectangular Tapes
- Triangular Tapes
- Sinusoidal Rectangular Tapes
By End Use :
- Electrical & Electronics
- Plumbing
- Automotive
- Industrial
- Aerospace
- Home & Garden
- Others
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About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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