The Global Sterile and Antiviral Packaging Market is projected to reach US$ 37.9 billion by 2030, with an estimated CAGR of 5.3% from 2022 to 2030. In 2022, the market is valued at US$ 25 billion. The high demand for life-saving drugs and vaccines worldwide is expected to drive astonishing growth in the sales of sterile and antiviral packaging. Global sales are forecasted to grow by 1.5 times between 2022 and 2030.
The analysis of the sterile and antiviral packaging market reveals that vials & ampoules, combined with blister & clamshell packaging types, are the most widely used across regions, accounting for over one-third of the market share globally in 2022.
In terms of materials, plastics and metals combined account for approximately four-fifths of the total sterile and antiviral packaging sold globally in 2022. The widespread acceptance and easy availability of these raw materials make them highly feasible for packaging manufacturers.
The European region is expected to hold the largest market share for sterile and antiviral packaging compared to other regions, with an estimated market share of 27% in 2022.
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The dynamics of the sterile and antiviral packaging market are influenced by various industry factors, including the increasing generation of plastic waste and the rising cost of healthcare facilities, which are estimated to hinder market growth.
Advancements in the market include the use of Blow-Fill-Seal (BFS) technology, which is a more robust method for the aseptic preparation of sterile pharmaceuticals. In April 2022, Amcor plc expanded its healthcare packaging capabilities in Europe, contributing to market advancements.
FMI’s analysis indicates a surge of 60 basis share points (BPS) in the sterile and antiviral packaging market in H1-2022 compared to H1-2021. Moreover, when comparing the projected H1-2022 and H1-2022 outlook period, a rise of 40 BPS in the growth rate has been observed.
Key Takeaways:
- The Global Sterile and Antiviral Packaging Market is projected to reach US$ 37.9 billion by 2030, with a CAGR of 5.3% from 2022 to 2030.
- High demand for life-saving drugs and vaccines drives the astonishing growth of sterile and antiviral packaging sales.
- Vials & ampoules, along with blister & clamshell packaging types, are the most widely used in the market, accounting for over one-third of the market share in 2022.
- Plastics and metals combined make up around four-fifths of the total sterile and antiviral packaging sold globally in 2022.
- The European region holds the largest market share in the sterile and antiviral packaging market, with an estimated 27% market share in 2022.
- Industry factors such as plastic waste generation and rising healthcare costs may hinder market growth.
- Advancements in the market include the use of Blow-Fill-Seal (BFS) technology and expansions of healthcare packaging capabilities.
- FMI’s analysis shows a surge of 60 BPS in the market in H1-2022 compared to H1-2021, with a rise of 40 BPS in the projected H1-2022 outlook period.
- Sterile and antiviral packaging preserves and protects products from contamination, harmful bacteria, and air reactions, improving shelf life and providing better protection against pathogenic infections.
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“Key manufacturers of self-fusing silicone tapes are focusing on product innovation and technological integration which can allow scale of production resulting in quality product for a lower cost. This is likely to attract customers as it balances the cost and value. Organizations are also partnering and collaborating with other players in the market to tap potential markets by penetrating deeper into the filament tapes market. This enhances brand value and increase market share in the self-fusing silicone tapes market.” says an FMI analyst.
Self-Fusing Silicone Tapes Market By Category
By Thickness :
- Up to 0.25mm
- 0.26mm to 0.50mm
- 0.51mm to 0.75mm
- Above 0.75mm
By Product Type :
- Rectangular Tapes
- Triangular Tapes
- Sinusoidal Rectangular Tapes
By End Use :
- Electrical & Electronics
- Plumbing
- Automotive
- Industrial
- Aerospace
- Home & Garden
- Others
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