Sterilized Packaging Market - Growth, Trends, and Forecast (2020-2025)

The Sterilized Packaging Market is Segmented by Product (Pouches, Bottles, Clamshell), Material (Plastic, Glass, Metal), Sterilization Method (Chemical, Radiation), End-user Industry (Pharmaceuticals and Biological, Medical and Surgical, Food and Beverage), and Geography.

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.01 %

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Market Overview

The sterilized packaging market was valued at USD 33.74 billion in 2019 and is expected to reach USD 45.93 billion by 2025, at a CAGR of 5.01% over the forecast period 2020 - 2025. Packaging plays a vital role to preserve and protect a product from any damage or contamination. Some critical products require sterilized packaging to not only protect the product but also avoid reaction with packaging solutions and air.

  • Medical devices manufacturing industries, food and beverage, pharmaceuticals, and other industries are now opting for sterile and disinfect packaging. This is a result of the rising incidence of viral infections due to the use of non-sterile instruments. The awareness about such infections is increasing and so is the demand for sterilized packaging.
  • The sterilization process improves shelf life with aseptic packaging of critical devices and equipment. Demand for longer shelf life is driving market growth.
  • The increasing technological advancements, coupled with the stringent government regulations, have buoyed the growth of the market. On the other hand, due to increasing global healthcare cost, consumers are demanding cheaper products. Hence, restricting the growth of the market.

Scope of the Report

Sterile packaging helps protect drugs, medical devices, and food products from getting contaminated. They are tear resistant, durable, breathable and have a superior microbial barrier, which makes the packaging sterile and safe.

By Product
Clamshells
Pouches
Bottles
Blisters and Ampoules
Vials
Others Products
By Material
Plastic
Glass
Metal
By Sterilization Method
Chemical
Radiation
High Temperature/Pressure
By End-user Industry
Medical And Surgical
Food and Beverage
Pharmaceutical and Biological
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle-East & Africa
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Sterilized Food Packaging to Witness Significant Growth

  • Packaging plays a critical role in the food industry in terms of maintaining the quality and taste of the packaged food for a longer time. With the improvement in the standard of living of the consumers globally, demand for packaged food has shown rapid surge over the years.
  • Globally, almost 10% of the population falls ill after eating contaminated food. Additionally, 40% of diseases in children are foodborne diseases. FDA has suggested the use of sterile packaged food to improve the safety in food consumption.
  • According to the FSSAI, the sales volume of packaged food products surged by over 48% in the span of 2012 to 2016. With the increase in demand for packaged food and awareness for the use of aseptic and sterile packaging is driving the market growth.

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Asia-Pacific to Witness Fastest Growth

  • Asia-Pacific has experienced positive growth in the sterilized packaging market and is estimated to witness significant growth, over the forecast period. The disposable income of consumers in the region has witnessed significant growth, which increased the standard of living of people in the region.
  • The growing urban population in India and China with 33% and 51%, respectively, is increasing the demand for quality medical treatments. India and China, together contributed over 70% of the total share of Asia-Pacific share, in 2018.
  • Medical devices manufacturing industries, diagnostic centers, and hospitals are now concentrating more on the sterile and disinfect packaging of medical devices, due to the rise in viral infections and various stringent regulations.
  • ISRO plans to conduct seven mega missions in the next 10 years. For instance, the second moon mission will be launched in July 2019 and the next missions for Mars and Venus are also included. These trends will boost the need for sterilized packaging in spacecraft and space missions.

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Competitive Landscape

The availability of several players providing sterilized packaging solutions has intensified the competition in the market. Therefore, the market is moderately fragmented with many companies developing expansion strategies.

  • Mar 2019 - Amcor Limited planned to acquire its rival Bemis Company Inc. By combining these two market leaders, Amcor aims to create a stronger value proposition for shareholders, customers, employees, and the environment.
  • June 2018- Tekni-Plex acquired Oracle Packaging's healthcare, performance lidstock, induction seal and speciality lamination businesses. The healthcare packaging portfolio includes pouchstock and sterilizable barrier laminates.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Demand from the Healthcare Industry

    3. 4.3 Market Restraints

      1. 4.3.1 Increase in Global Healthcare Cost

    4. 4.4 Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Clamshells

      2. 5.1.2 Pouches

      3. 5.1.3 Bottles

      4. 5.1.4 Blisters and Ampoules

      5. 5.1.5 Vials

      6. 5.1.6 Others Products

    2. 5.2 By Material

      1. 5.2.1 Plastic

      2. 5.2.2 Glass

      3. 5.2.3 Metal

    3. 5.3 By Sterilization Method

      1. 5.3.1 Chemical

      2. 5.3.2 Radiation

      3. 5.3.3 High Temperature/Pressure

    4. 5.4 By End-user Industry

      1. 5.4.1 Medical And Surgical

      2. 5.4.2 Food and Beverage

      3. 5.4.3 Pharmaceutical and Biological

      4. 5.4.4 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Spain

        5. 5.5.2.5 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 Latin America

        1. 5.5.4.1 Mexico

        2. 5.5.4.2 Brazil

        3. 5.5.4.3 Rest of Latin America

      5. 5.5.5 Middle-East & Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amcor PLC

      2. 6.1.2 Baxter International Limited

      3. 6.1.3 E.I. du Pont de Nemours and Company

      4. 6.1.4 Placon Corporation Inc.

      5. 6.1.5 Wipak Group

      6. 6.1.6 Tekni-Plex Inc.

      7. 6.1.7 AptarGroup Inc.

      8. 6.1.8 West Pharmaceutical Services Inc.

      9. 6.1.9 Gerresheimer AG

      10. 6.1.10 Schott AG

      11. 6.1.11 Steripack USA Limited LLC

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS

  9. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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