The increasing demand for packaging solutions that are antiviral, sterile, and contamination-free is growing quickly on a global scale because of numerous regulations. As per the Centers for Disease Control and Prevention's (CDC) "The Guideline for Disinfection and Sterilization in Healthcare Facilities, 2008", patient-care medical devices should be cleaned, disinfected, and sterilized by the recommended procedures. Moreover, sterile and antiviral packaging is in high demand because of the SARS-CoV-2 virus's capacity to survive longer on surfaces. Several businesses, from food and beverage to medicines, are highly investing in cutting-edge packaging solutions since consumers are becoming more and more health-conscious and aware of the health hazards.
According to Data Bridge Market Research the Global Sterile and Antiviral Packaging Market was valued at USD 24.07 billion in 2021 and is expected to reach USD 40.44 billion by 2029, registering a CAGR of 6.70% during the forecast period of 2022-2029.
“Increasing Elderly Population to Boost Market Growth”
As per the statistics of the U.S. Census Bureau, by 2060, the geriatric population in U.S. is expected to double up, rounding upto about 25% of the overall population. The delivery of oral medication to the aged population is complemented with a number of challenges. A major factor in the demand for medical equipment and other disposable supplies, and for sterile and antiviral packaging, is the elderly population that is boosted by a dropping birth rate and increasing life expectancy. Thus, rise in geriatric population further increases the demand for the sterile and antiviral packaging market.
What restraints the growth of Sterile And Antiviral Packaging Market?
“Strict Regulatory Standards of Packaging Process”
The sterile and antiviral packaging processes is manufactured to assure the sterility of packaged goods till the time of use. Consequently, manufacturing of them is subject to serious regulatory restrictions. These requirements are required that the sealed devices or instruments won't be adversely affected by, or damaged by, external factors or packaging. For instance, the international standard governing sterilized medical devices or instruments' warranty obligations is EN ISO 11607. Numerous packaging goods, which includes design qualification, material selection, design testing and control, and process validation, necessarily apply these validation needs. The criteria are difficult and in turn impede the market growth.
Segmentation: Sterile and Antiviral Packaging Market
The sterile and antiviral packaging market is segmented on the basis of packaging type, material type and end-user.
- On the basis of packaging type, the sterile and antiviral packaging market is segmented into vials and ampoules, blister and clamshells.
- Based on material type, the sterile and antiviral packaging market is segmented into plastics, glass, metal, paper and paperboard.
- On the basis of end-user, the sterile and antiviral packaging market is segmented into surgical and medical instruments, pharmaceuticals and biological
Regional Insights: North America is expected to dominate the Sterile and Antiviral Packaging Market
North America is expected to dominate the market because of the major share of stakeholder’s investments and research and development within the region.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 because of the favorable government policies and the evolution of medical science and increased longevity in the region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-sterile-and-antiviral-packaging-market
Recent Developments in Sterile and Antiviral Packaging Market
- In 2019, Amcor expands its packaging business with the launch of world-leading packaging innovation at New Albany, Ohio.
- In 2021, Becton, Dickinson and Company developed a new manufacturing plant in Zaragoza, Spain to help the expansion of pre-filled syringes in the area. The new facility will include the most recent in intelligent and autonomous technologies, often known as industry 4.0 solutions, and it will be a fully digital site that complies with stringent sustainability and eco-efficiency criteria.
The Prominent Key Players Operating in the Sterile and Antiviral Packaging Market Include:
- 3M (U.S.)
- Anchor Packaging LLC, (U.S.)
- Berry Global Inc., (U.S.)
- CeDo Ltd., (U.K.)
- Dow., (U.S.)
- Harwal Group of Companies, (UAE)
- Intertape Polymer Group, (Canada)
- Jindal Poly, (India)
- Klöckner Pentaplast, (Germany)
- Mitsubishi Chemical Corporation, (Japan)
- Multi Wrap (Pty) Ltd. (South Africa)
- Schott (Germany)
- Amcor plc (Switzerland)
- AptarGroup, Inc., (U.S.)
- Klöckner Pentaplast (Germany)
- West Pharmaceutical Services, Inc. (U.S.)
- Berry Global Inc. (U.S.)
- Honeywell International, Inc. (U.S.)
- ACG (India)
- Nipro (Japan)
- Gerresheimer AG (Germany)
- Catalent Inc., (U.S.)
- WestRock Company (U.S.)
- Nan Ya Plastics Corporation (China)
Above are the key players covered in the report, to know about more and exhaustive list of sterile and antiviral packaging market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Sterile and Antiviral Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
