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17 Dec, 2021, 13:30 GMT
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– Rising relevance of sterilized packaging in averting infections is anticipated to emerge as one of the key reasons boosting the global sterile medical packaging market
– Die-cut baker cards are expected to emerge as one of the most profitable segments among others, as they are more cost-effective and environment-friendly when compared to other options in the market
ALBANY, N.Y., Dec. 17, 2021 /PRNewswire/ — Transparency Market Research: The global sterile medical packaging market is estimated to register growth at a CAGR of 4.7% during the forecast period, from 2021 to 2031. The global market is projected to reach US$ 15.9 Bn by 2031. Sterile medical packaging is crucial in limiting the spread of a variety of life-threatening infections; therefore, it has gained momentum recently with the prevalence of COVID-19, Nipah Virus, etc. In order to prevent the transmission of infection, sterile medical packaging devices such as thermoformed trays, clamshell-packaging containers, wraps, pouches, and other products are utilized.
In healthcare, there has been a marked shift for plastic-based medical packaging solutions over glass-based medical packaging solutions. Excellent flexibility of plastic material toward molding into diverse forms and strong barrier qualities make it ideal for sterile medical packaging, which is projected to promote its application in the plastics industry.
For companies in the sterile medical packaging market, Asia Pacific offers substantial growth opportunities. Due to the region’s rapidly developing healthcare infrastructure, the Asia Pacific region is projected to dominate the market. Increase in spending on the region’s pharmaceutical research & development is expected to fuel market expansion.
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Sterile Medical Packaging Market: Key Competitors
Some of the key market players are
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Sterile Medical Packaging Market: Segmentation
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Retort Packaging Market – The rapidly spreading coronavirus has harshly affected all businesses and manufacturing industries across the globe. There has been a huge impact on the food packaging industry as well due to prolonged lockdowns and disrupted supply chains. The decreasing production of retort packaging materials during the COVID-19 outbreak has created challenging situations for manufacturers to survive. Market players are exploring opportunities to overcome challenges in the retort packaging market. They are effortlessly contributing to set their businesses running amid the ongoing pandemic.
Probiotics Packaging Market – Since COVID-19 presents with a spectrum of disease severity, ranging from mild and non-specific flu-like symptoms, probiotics are coming to light as an effective strategy to prevent bacterial and viral infections. Such trends are translating into revenue opportunities for stakeholders in the probiotics packaging market during the ongoing pandemic. Even though coronavirus cases are subsiding, an increasing number of health conscious consumers are becoming the target audience for probiotics products.
Aluminum Foil Packaging Market – Consumer preferences coupled with evolving regulatory regulations are some of the leading factors that have a strong influence on the various aspects of the food & beverages industry, including packaging, ingredients, and product information. Modern day consumers are increasingly demanding environment sustainability from several industrial sectors and a similar trend can be observed across the food packaging sphere. The food packaging sector has gradually matured into a multi-million industry due to which, innovative, cost-effective, and eco-friendly products and concepts have hit the market.
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Sterile Medical Packaging Market to Expand at CAGR of 4.7% During Forecast Period, Observes TMR Study – PR Newswire UK
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