The global sterile and antiviral packaging market is set for significant growth, with market size expected to reach USD 25.7 billion by 2024 and projected to expand to USD 37.5 billion by 2034, according to recent market insights. Sales in the industry are anticipated to rise at a CAGR of 3.8% over the forecast period from 2024 to 2034. In 2023, the market generated USD 24.6 billion in revenue and is expected to show a year-on-year (Y-o-Y) growth of 4.6% in 2024.
Sterile and antiviral packaging solutions, particularly those made from plastic, are in high demand across the surgical and medical industries, where they account for over 50% of the total market share. These solutions are widely used for the packaging of essential medical equipment such as pre-filled syringes, tubes, catheters, lancets, bandages, and gloves.
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The use of plastic in sterile packaging is preferred due to its capability to undergo sterilization processes, ensuring critical equipment is free from bacterial or microbial contamination. The sterilization of such equipment is essential to maintaining safety and hygiene standards in medical settings.
The pharmaceutical and biological industries are expected to capture approximately 50% of the overall market share, growing at a robust rate of 4.5% during the assessment period. The biological industry, in particular, involves the handling of critical products such as vaccines, blood components, somatic cells, gene therapy materials, tissues, and recombinant therapeutic proteins.
Safe and reliable packaging solutions are vital for preserving the effectiveness of these sensitive biological products during storage and transportation. Antiviral packaging options, such as liquid-tight pouches with adhesive seals that offer secure sample closure, are crucial in maintaining the integrity of these products.
Key Takeaways From The Sterile and Antiviral Packaging Market
- The global market registered a CAGR of 3.1% between 2019 and 2023.
- New Zealand’s food and beverage manufacturing sector presents notable opportunities, projected to hold a 34.8% market share by 2034 with a CAGR of 3.3% during the forecast period.
- USA is expected to record a CAGR of 3.5%, driven by the growing trend of flexible packaging, boosting demand for sterile and antiviral packaging solutions.
- India’s sterile and antiviral packaging industry is poised to create an incremental opportunity of USD 975.6 million by 2034, with the country holding over 41% share in South Asia.
- Canada is projected to maintain a leadership position in North America, with a 3.5% CAGR through 2034.
- China, within East Asia, is anticipated to witness the highest growth, with a projected CAGR of 4.5% by 2034.
Competitive Landscape
The sterile and antiviral packaging industry is very saturated and diverse, which means that large enterprises compete both with one another and with new market entrants. Amcor Plc and Becton, Dickinson, and Company (BD) are two main suppliers of sterile and antiviral packaging, offering a diverse range of packaging options.
These options include sterilizing films, pouches, containers, and even antiviral coatings on packaging materials. This method addresses all of the pharmaceutical and medical device companies’ needs to the extent necessary.
Key Players in Sterile and Antiviral Packaging Manufacturers
- Amcor plc
- Billerud AB
- DuPont. Inc
- Sonoco Products Company
- Wihuri Group
- ProAmpac. LLC
- GY Packaging.
- Berry Global Inc.
- Sabre Medical. Pty Ltd
- Placon. Corp
- UFP Technologies, Inc.
- Puracon GmbH
- OLIVER Healthcare Packaging
- Westfield Medical Ltd
Key Developments in the Sterile and Antiviral Packaging Market:
- In April 2024, Amcor Plc, along with Kimberly Clark, launched a packaging bag with 30% recycled materials for its Eco Protect diapers. The bags are made from post-consumer recycled material and offer a more sustainable packaging solution for hypoallergenic diapers made with certified plant-based fibers.
- In January 2024, ProAmpac launched ProActive Intelligence Moisture Protect (MP-1000) to curb the moisture level in the packaging solutions.
- In May 2023, DuPont acquired Spectrum Plastics Group (“Spectrum”), a manufacturer of specialty medical devices and components.
Sterile and Antiviral Packaging Market Segmentation
By Packaging Types:
In terms of packaging types, the industry is divided into thermoform trays, sterile bottles/containers, vials and ampoules, sterile closures, prefilled syringes, blister and clamshells, IV bags and pouches, sterile wraps, and others. The other segments included sterile lids, etc.
By Material Type:
A few of the important material types include plastic, glass, metal, paper, and paperboard.
By End-use:
Few of the leading end-use include pharmaceutical and biological, surgical and medical instruments, food and beverage packaging, and others.
By Region:
Key countries of North America, Latin America, East Asia, South Asia, Europe, Oceania, Middle East and Africa are covered.
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