Sterilized Packaging Market Size, Trends & Companies
The global sterilized packaging market is projected to grow from USD 30.78 billion in 2023 to USD 50.63 billion by 2033, representing a compound annual growth rate (CAGR) of 5.22% during the period from 2024 to 2033.
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Key Trends and Findings
In the medical device sector, patient safety and regulatory compliance remain paramount concerns. Medical packaging plays a crucial role in this context, as it is integral to the protection and integrity of medical devices. Key design requirements for medical packaging include impact protection, preservation of the sterile barrier, and assurance of shelf life throughout the product’s lifespan.
Innovation and protection from manufacturers are evident at every stage of a device’s journey—starting from storage and processing in the Central Sterile/Sterile Processing Department (CS/SPD), to transportation and use in procedural areas, and back again. This encompasses everything from efficiently storing supplies of varying sizes to developing effective sterile barriers for instrument trays.
As packaging technology evolves, Original Equipment Manufacturers (OEMs) seek both innovative solutions and rectifications for existing issues. Traditional packaging materials are no longer sufficient to meet market demands and do not adequately ensure consumer safety. End users are increasingly searching for alternatives that avoid concerning substances such as styrene and bisphenol A (BPA).
The industry’s push towards modern food sterilization methods—like microwave-assisted thermal sterilization (MATS) and pressure-assisted thermal sterilization (PATS)—reflects a desire for energy-efficient, safe, and high-throughput processes, driven by consumer demand for nutrient-rich foods.
In the Asia-Pacific region, the market is projected to grow at a compound annual growth rate (CAGR) of 7.50% during the forecast period, fueled by expanding healthcare infrastructure and heightened awareness of health and hygiene. Conversely, North America accounted for the largest market share of 37.81% in 2023, supported by an advanced healthcare infrastructure, significant healthcare expenditure, and strict regulatory requirements.
Recent Developments by Key Market Players
- May, 2024: Coveris declared plans to expand its production capacity for medical device packaging at its Rohrdorf and Halle facilities in Germany. The company is set to invest over €8 million ($8.62 million) in the coming months to enhance and extend its medical device production lines. This investment is aimed at meeting the rising demand for high-quality medical packaging solutions. By late 2024, Coveris intends to set up two new pouch lines and a header bag line at its Rohrdorf site.
- April, 2024: SIG declared the release of the SIG Prime 55 In-Line Aseptic, a novel aseptic spouted pouch filling system. With its in-line pouch sterilization feature, this cutting-edge filling apparatus for pre-made spouted pouches eliminates the requirement for spouted pouches to be pre-sterilized by a third party. The resultant technology lowers the overall cost of producing aseptically packaged goods in spouted pouches while also simplifying the supply chain.
Market Companies
Some of the key players in sterilized packaging market are Amcor plc, Berry Global, Inc., DuPont, 3M Company, West Pharmaceutical Services, Inc., Bemis Company, Inc., Placon Corporation, Coveris Holdings S.A., SteriPack Group Ltd., Sealed Air Corporation, Sonoco Products Company, AptarGroup, Inc., Nelipak Healthcare Packaging, Wipak Group, and Printpack, among others.
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