Sterilized Packaging Market Size

Statistics for the 2023 & 2024 Sterilized Packaging market size, created by Mordor Intelligence™ Industry Reports. Sterilized Packaging size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Sterilized Packaging Industry

Sterilized Packaging Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.01 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Sterilized Packaging Market Key Players

*Disclaimer: Major Players sorted in no particular order


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Sterilized Packaging Market Analysis

The sterilized packaging market was valued at USD 33.74 billion in 2020 and is expected to reach USD 45.93 billion by 2026, at a CAGR of 5.01% over the forecast period (2021 - 2026). 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.

Sterilized Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)