Sterile Medical Packaging Market 2021 Growing Demand and Business Outlook- Amcor Limited, DuPont De Nemours and Company, 3M Company, West Pharmaceutical Services Inc

Global Sterile Medical Packaging Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Sterile Medical Packaging market size, demand and revenue. The current Sterile Medical Packaging market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global sterile medical packaging market is expected to grow from $34.26 billion in 2020 to $38.61 billion in 2021 at a compound annual growth rate (CAGR) of 12.72%. The growth is mainly due to the outbreak of COVID-19 that increased demand for the companies that cater medical equipment to treat the affected patients. The market is expected to reach $54.44 billion in 2025 at a CAGR of 8.97%.

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Industry News:

In June 2019, Amcor, a packaging company for food, beverage, pharmaceutical, medical, home- and personal care, and other products acquired Bemis Company for undisclosed amount. This acquisition was aimed to establish Amcor as the global leader by scaling the production and generate significant values with industry-leading R&D capabilities. Bemis Company, a US-based company is a manufacturer of flexible packaging products including sterile packaging solutions for healthcare industry among others.

In January 2021, AstraZeneca has launched a sustainability plan worth $1 billion that has several sustainable packaging initiatives underway to reduce the carbon footprint by 2030. In September 2020, Johnson & Johnson consumer health division invested $800 million through 2030 towards adoption of future sustainable packaging solutions.

Scope of this Report:

Markets Covered: 1) By Material: Plastics; Glass; Metal; Paper & Paperboard; Others
2) By Type: Thermoform Trays; Sterile Bottles & Containers; Sterile Closures; Pre-Fillable Inhalers; Pre-Fillable Syringes; Vials & Ampoules; Blister & Clamshells; Bags & Pouches; Wraps; Others
3) By Application: Pharmaceutical & Biological; Surgical & Medical Instruments; In-Vitro Diagnostic Products; Medical Implants; Others
Companies Mentioned: Amcor Limited; DuPont De Nemours and Company; 3M Company; West Pharmaceutical Services, Inc.; Oliver Healthcare Packaging LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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Executive Summary:

The sterile medical packaging market consists of sales of non-reusable sterile medical packaging utilized for the protection of medical products used in the healthcare industry against microbial contamination. This packaging is intended to protect the sterility from the point of packaging, until the time of use. Only goods and services traded between entities or sold to end consumers are included. The main types of sterile medical packaging are thermoform trays, sterile bottles & containers, sterile closures, pre-fillable inhalers, pre-fillable syringes, vials & ampoules, blister & clamshells, bags & pouches, wraps. The different materials used for manufacturing the packaging include plastics, glass, metal, paper & paperboard for use in pharmaceutical & biological, surgical & medical instruments, in-vitro diagnostic products, medical implants and other industries.

Regional Analysis For Sterile Medical Packaging Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

North America was the largest region in the sterile medical packaging market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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