Sterilized Packaging Market– Overview
Sterilization has a paramount importance in the medical and pharmaceutical industries. In this age of big data, every single enterprise is promoting a healthy company-customer relationship, and this has had its impact on the packaging industry as well. The demand from the customers for a sterilized packaging system in several industries has been a major driver for the global sterilized packaging market.
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The sterile medical packaging market has been growing with the growth of the packaging industry. Factors such as increasing aging population, growing demand from the healthcare sector, and the popularity of using reliable packaging is driving the growth of the market. Increasing competition among manufacturers and growing concerns about the environment is encouraging manufacturers to develop sterile packaging, which is cost-effective, requires fewer resources, and provides better microbial protection, thereby supporting the growth of the sterile packaging market.
The substantial growth in the combined drug product market will propel the growth of the sterilized packaging market in the coming years. Several packaging manufacturers are focusing on new methods of packaging for protecting the drugs from contaminants, increasing patient compliance, and adhering to the pharmaceutical packaging regulations. With the growing replacement of glass and metal with plastics in pre-filled syringes, the demand for sterilized packaging will continue to grow during the forecast period.
- Amcor Limited (U.S.)
- 3M (U.S.)
- E. I. du Pont de Nemours and Company (U.S)
- Bemis Company Inc. (U.S.)
- West Pharmaceutical Services Inc. (U.S.)
- Gerresheimer AG (Germany)
- SCHOTT AG (Germany)
- SteriPack Contract Manufacturing (U.S.)
- Barger Packaging Inc. (U.S.)
- North American Sterilization & Packaging Company (U.S.)
These are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Sterilized Packaging Market.
Sterilized Packaging Market– Competitive Analysis
The key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global Sterilized Packaging Market were those of mergers & acquisition, followed by expansion. Mergers & Acquisitions are the key strategies adopted by the players to achieve operational efficiencies and increase the number of offerings to the customer. Expansion is also a major strategy adopted by the major players in the global Sterilized Packaging Market to increase the geographical presence of the company and to widen the product offering.
Industry/ Innovation/ Related News:
Sep 2017- DuPont Protection Solutions announced the introduction of DuPont Tyvek 40L medical packaging, a new class of Tyvek for medical packaging applications that provides a cost-effective option for protecting lightweight, low-risk devices. This economical alternative to high-end medical papers was unveiled today at MEDTEC 2017 in Shanghai, China.
March 2017- Noxilizer Inc. and Sterigenics International LLC announce the signing of a global agreement that will make Sterigenics the exclusive worldwide provider of nitrogen dioxide (NO2) contract sterilization services, as well as feasibility and research studies, to the pharmaceutical, biotech and medical device manufacturing industries.
April 2016- Bemis Company, Inc. today announced that it has signed a definitive agreement to acquire the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications. This acquisition includes a facility in Ireland as well as packaging production assets in Malaysia and the United States.
April 2014– Amcor Flexibles launches its patent-pending Fortis sterile breather bag at the MD&M West Show in Anaheim, California. Fortis sterile breather bags incorporate uncoated Tyvek which increase porosity allowing air and gas to flow more efficiently.
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Sterilized Packaging Market– Segmentation
The Sterilized Packaging Market can be segmented in to two key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Materials – Plastic, Glass, and Others
Segmentation by Type – Trays, Bottles, Vials, and others
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Sterilized Packaging Market– Regional Analysis
The North American region is largest contributing region towards the growth of the global sterilized packaging market. Rising healthcare awareness and continuous innovation & technological developments in both pharmaceutical and medical industries are transforming the healthcare packaging industry, thereby driving the growth of the sterile medical packaging market. The packaging of injectable drugs and solutions needs a high degree of sterilization as they are injected into the bloodstream of the patients. With the growing demand for sterilization of containers to preserve the structure of the biologic drugs, the sterilized packaging market will witness massive growth in the region during the predicted period.
in Asia Pacific region, the extensive evolution of the individual in terms rising disposable income among middle income groups and increasing health concern in the growing economies such as China & India is expected to further improve the sales of the global sterilized packaging market.
- Sterilized packaging manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Table Of Contents :
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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