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Sterile Medical Packaging Market 2020 - Growth, Trends & Forecast

Dublin, July 31, 2020 (GLOBE NEWSWIRE) -- The "Sterile Medical Packaging Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The sterile medical packaging market is expected to register a CAGR of 5.2% during the forecast period (2020 - 2025). The increasing competition among the manufacturers, coupled with the rising concerns about the environment, is motivating the manufacturers to develop innovative packaging products that are cost-effective, require lesser resources, and provide better protection. Therefore, this is driving the growth of the market studied.

As the packaging industry is witnessing an increase in growth, the market is also expected to grow. Multiple factors, such as the increasing elderly population, growing demand from the healthcare sector, and the usage of reliable packaged products, are driving the demand for sterile packaging products.

Additionally, vendors in the market are continuously expanding their operations to widen their product portfolio. For instance, in October 2019, Dordan Manufacturing Inc. (an ISO 9001:2015 certified company), initiated its cleanroom project to enhance its existing expertise in medical packaging. The company primarily designs, manufactures, and distributes custom thermoformed packaging for multiple industries.

Moreover, in November 2019, ULMA Packaging launched a new, easy-to-open flow pack package for the medical sector. The product is designed specifically to allow sterile products to be removed from pack without any contamination that occurs due to microorganisms and particles. The package is also sealed without leaks and uses a peelable film with already-integrated tyvek or paper panels that enable ethylene oxide (EtO) sterilisation.

Furthermore, factors, such as the performance, application, and the selection of a proper sterilization packaging system, are very important for the execution of sterilization of the packaged content. This is likely to maintain the sterility of the content within the package, until the package is opened for further use, thus, enabling withdrawal of the content without infection.

Key Market Trends

Plastic Material is Expected to Hold a Significant Share

Many partnerships in the industry have resulted in several innovations. The collaborative efforts between the chemical/polymer resin companies and medical device packaging converters have primarily resulted in new technologies and products.



For example, the metallocene is a linear low-density polyethylene that offers greater seal integrity and robust performance, the new oxygen and moisture-barrier resins are autoclave sterilization compatible, and the new polymer chemistries offer improved thermoformability performance in both speed and quality.



The key focus of the manufacturers has been the improvement of the overall performance of the sterile barrier medical device packaging. This primarily relates to elements, such as physical properties, aged package stability, sterile barrier performance, ease of opening, and materials clarity.



Moreover, hospitals have influenced the packaging industry by demanding more recyclability from the materials used for sterile packaging. Additionally, the ongoing demand for lower costs/pricing is driving a variety of new innovations in the industry with materials and packaging designs.

North America is Expected to Witness a Significant Growth

North America is expected to be one of the largest markets for sterile medical packaging, primarily owing to the multiple regulations that are imposed by the FDA, which, in turn, is driving the demand for sustainable and high-quality products in this region.



Moreover, owing to the presence of many major players and stringent FDA regulations, the market has become very competitive in the region. In order to gain a sustainable advantage over the competitors, companies in the region are increasingly offering better packaging solutions.



The US government has enforced multiple medical and healthcare insurance schemes that are mandatory, which will ensure some degree of basic healthcare coverage for people and may help them in paying their medical expenses. This is increasing the expenditure on the treatment of several diseases and physical disorders, thereby, driving the demand for various types of drugs and consequently, and for sterile medical packaging.



A major challenge for the market in this region is the availability of counterfeit drugs and packaging. United States, which has multiple regulations in place to prevent the manufacture and distribution of these counterfeit medical products, is witnessing the penetration of fake and substandard drugs in the market.

Key Topics Covered:

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Health Awareness
4.3 Market Restraints
4.3.1 Stringent Government Regulations
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Material
5.1.1 Plastic
5.1.2 Metal
5.1.3 Glass
5.2 By Product Type
5.2.1 Thermoform Trays
5.2.2 Bottles and Containers
5.2.3 Vials and Ampoules
5.2.4 Blisters and Pouches
5.2.5 Other Product Types
5.3 By Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amcor PLC
6.1.2 Dupont De Nemours Inc.
6.1.3 Steripack Ltd
6.1.4 Wipak Group
6.1.5 Placon Corporation
6.1.6 Riverside Medical Packaging Company Ltd
6.1.7 Tekni-Plex Inc.
6.1.8 Wheaton Industries
6.1.9 Unicep Packaging Inc.
6.1.10 Ahlstrom-Munksj Oyj
6.2 Investment Analysis

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/z9ohkt Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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