Sterile Medical Packaging Market Poised to Reach $94.6 Billion by 2028| MarketsandMarkets™
The sterile medical packaging market is projected to grow from USD 57.5 billion in 2023 to USD 94.6 billion by 2028 at a CAGR of 10.5%. Sterile medical packaging refers to packaging materials and systems that are designed and manufactured to maintain a sterile environment for medical devices, instruments, or pharmaceutical products. The primary purpose of sterile medical packaging is to protect the contents from contamination and maintain their sterility until the point of use. The sterile medical packaging market is propelled by several key drivers, including the increasing demand for advanced healthcare solutions, stringent regulatory requirements, and the growing emphasis on infection control in medical settings. The rise in surgical procedures, coupled with the expanding pharmaceutical and biotechnology industries, fuels the need for sterile packaging to ensure the integrity and safety of medical devices and pharmaceutical products.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261270541
Most manufacturers in this market are based in Europe and North America. Amcor plc (Switzerland), DuPont de Nemours, Inc. (US), Berry Global Group, Inc. (US), West Pharmaceutical Services, Inc. (US), and Sonoco Products Company (US) are among the leading players operating in the sterile medical packaging market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the sterile medical packaging market.
Amcor plc (Switzerland)
Known as Australian Paper Manufacturers (APM) till May 1986, Amcor plc is a global packaging manufacturer that offers innovative packaging solutions for several industries, such as beverage, food, medical, household, industrial goods, pharmaceuticals, and tobacco. The company operates through two segments: Flexibles and Rigid Plastics. It offers sterile medical packaging under the Flexibles and Rigid Plastics segment. Amcor is one of the world’s largest developers and suppliers of flexible packaging and specialty folding cartons. The Flexibles business develops and produces flexible packaging for food, beverage, pharmaceutical, medical, home- and personal-care, and other products. The company operates through more than 218 sites in 41 countries in Europe, Asia Pacific, North America, and Latin America.
Berry Global Group, Inc. (US)
Berry Global Group, Inc. is a leader in plastic packaging. It operates through three business segments: engineered materials; health, hygiene & specialties; and consumer packaging. It offers sterile medical packaging products through its health, hygiene & specialties business segment. It provides non-woven films and lamination for a wide range of medical & pharmaceutical applications and for healthcare packaging needs. It offers storage plastic components such as containers, food service products, closures and over caps, and bottle & prescription containers and tubes. The company serves various industries, such as food, healthcare, shipping & transportation, building & construction, and personal care. It operates more than 300 facilities around the globe. It manufactures and supplies its packaging solutions to the US, Canada, Mexico, Belgium, France, Spain, the UK, Italy, Germany, Australia, Brazil, Argentina, Colombia, Malaysia, India, China, and the Netherlands.
West Pharmaceutical Services, Inc. (US)
West Pharmaceutical Services, Inc. manufactures and markets pharmaceuticals, biologics, vaccines, and consumer healthcare products. It operates through the Proprietary Products and Contract-Manufactured Products business segments. The Proprietary Products segment offers proprietary packaging, containment and drug delivery products, along with analytical lab services, to biologic, generic and pharmaceutical drug customers. The Contract-Manufactured Products segment serves as a fully integrated business, focused on the design, manufacture and automated assembly of complex devices, primarily for pharmaceutical, diagnostic, and medical device customers. The company offers sterile medical packaging under the Proprietary Products segment. West Pharmaceutical Services has manufacturing facilities in North America, South America, Europe, and Asia, with affiliated companies in Mexico and Japan.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=261270541
Sonoco Products Company (US)
Sonoco Products Company engages in the manufacture of industrial and consumer packaging products and services. It operates through the Consumer Packaging, Industrial Paper Packaging, and All Other segments. The Consumer Packaging segment offers rigid packaging (paper, metal, and plastic) and flexible packaging, primarily serving the consumer staples market focused on food, beverage, household, and personal products. The Industrial Paper Packaging segment provides the primary raw material for the company’s fiber-based packaging. The All Other segment offers a variety of packaging materials including plastic, paper, foam, and various other specialty materials. The company offers sterile medical packaging products through the All Other segment. It manufactures and sells sterile medical packaging products through its subsidiary. The company has presence in Canada, the US, and countries across the Asia Pacific and Europe.
Read Our Trending Press Release Below:
Biocomposites Industry by Fiber Type (Wood Fiber and Non-wood Fiber), Polymer Type (Synthetic and Natural), Product (Hybrid and Green), End-use Industries (Building & Construction, Transportation, and Consumer Goods) and Region – Global Forecast to 2026
Sports Composites Industry by Resin Type (Epoxy, Polyamide, Polyurethane, Polypropylene) Fiber Type (Carbon, Glass), Application (Golf Sticks, Hockey Sticks, Rackets, Bicycles, Skis & Snowboards) and Region Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/sterile-medical-packaging-market-261270541.html
