Sterile Medical Packaging Market 2021 Business Scenario – Amcor PLC, Dupont De Nemours Inc., Steripack Ltd, Wipak Group

Sterile Medical Packaging Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Sterile Medical Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Sterile Medical Packaging investments from 2020 till 2025.

The sterile medical packaging market is expected to register a CAGR of 5.2% during the forecast period (2021 - 2026).

The Sterile Medical Packaging market is highly competitive and consists of a number of major players. Top Companies like Amcor PLC, Dupont De Nemours Inc., Steripack Ltd, Wipak Group, Placon Corporation, Riverside Medical Packaging Company Ltd, Tekni-Plex Inc., Wheaton Industries, Unicep Packaging Inc., Ahlstrom-Munksjö Oyj

- June 2019 - Tekni-Plex Inc., a globally-integrated company that is developing and manufacturing products for a wide variety of end markets, completed the acquisition of three manufacturing facilities from Amcors Flexible Packaging business unit.

- June 2019 - Amcor PLC announced the successful completion of its acquisition of Bemis Company Inc. The combined company will operate as Amcor PLC. The acquisition of Bemis will bring additional scale, capabilities, and footprint that is likely to strengthen Amcors value proposition.

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Scope of the Report

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.

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.

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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.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Sterile Medical Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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