Sterile Medical Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Sterile Medical Packaging Market Analysis

The Sterile Medical Packaging Market size is estimated at USD 63.77 billion in 2024, and is expected to reach USD 96.72 billion by 2029, growing at a CAGR of 8.69% during the forecast period (2024-2029).

• The threats posed by epidemics and pandemics have become increasingly evident as ongoing universal challenges, and they are now recognized as a top priority for action on the global health agenda. Various organizations have put up strict regulations toward infection prevention and control (IPC), which is expected to drive the demand for sterile-based medical packaging, contamination-free medical products, and preventing disease transmission. Owing to such regulation, a player such as Jubilant HollisterStie is investing in expanding capacity. In May 2022, Jubilant HollisterStier invested USD 285 million to double its capacity to fill and finish sterile injectables at its Spokane, Washington facility. The investment is part of the company's cooperative agreement providing USD 149.6 million from the US Government to expand its critical vaccine manufacturing capacity in the US.
• Additionally, vendors are continuously expanding their operations to widen their product portfolio. For instance, Dordan Manufacturing Inc. (an ISO 9001:2015 certified company) initiated its cleanroom project to enhance its existing expertise in medical packaging. The company designs, manufactures and distributes custom thermoformed packaging for multiple industries.
• Sterile medical packaging is integral to healthcare and infectious disease control. Sterile medical packaging continues to innovate and invest in single-use options and biodegradable plastics without the risk of contamination. These packagings protect patients, medical staff, and clinicians from potential microbial infections. It also helps ensure that medical products are sterile and uncontaminated during transportation, storage, and use.
• In the past few years, many polymers, such as polycarbonates, polypropylene, and polyethene, have been widely adopted as a material of choice by the medical packaging industry. However, high-performance advancements in plastic and engineering polymers have seen growing penetration in the industry, replacing conventional metals and existing commodity plastics primarily because of the advent of stringent and robust sanitizing agents. In September 2022, Scientists in the UK developed a plastic film that can kill SARS-CoV-2 virus particles attached to its surface with just room light. Developed by a team at Queen's University Belfast in the UK, the self-sterilizing film is cheap to manufacture and easy to scale. It is used in tablecloths, curtains in hospitals, and disposable aprons. The film is coated with a thin layer of particles that absorb ultraviolet (UV) light and generate reactive oxygen species - ROS and is expected to replace disposable plastic films used in the healthcare industry.
• However, In European countries, EU regulations require that various pharmaceutical manufacturers comply with EU Good Manufacturing Practices (GMP) when supplying products to the EU. In addition, manufacturers and importers must be licensed and registered by the competent authorities of Member States. Manufacturers and importers are regularly inspected by their EU authorities in the jurisdiction or other recognized authorities to confirm compliance with their GMPs in the EU. This process applies regardless of the manufacturer's location. If the product is imported from another company, the importer is responsible for GMP compliance.
• Furthermore, disruptions in the supply chain contributed to a downfall in manufacturing sterile packaging amid the global COVID-19 pandemic. In contrast, rising consumer concerns associated with viral exposure to various materials favour the industry's growth. Also, rapid production has become a key factor for medical packaging professionals during the pandemic. More medical companies are demanding faster and more sustainable packaging, and packaging companies are overdriving to meet that demand post-COVID-19.

Sterile Medical Packaging Market Trends

Vials and Ampoules is Expected to Hold a Significant Share

Sterile Medical Packaging Industry Segmentation

The sterile packaging products primarily help protect drugs and medical devices from getting contaminated, among other pharmaceutical products. These are durable, tear-resistant, and have a superior microbial barrier, making the packaging sterile.

The Sterile Medical Packaging Market is segmented by Material type (Plastics (PP, Polyester, PS, PVC, HDPE), Paper and Paperboard, Glass), Product Type (Thermoform Trays, Sterile Bottles & Containers, Pouches & Bags, Blisters Packs, Vials & Ampoules, Pre-Filled Syringes, Wraps), Application Type (Pharmaceutical, Surgical & Medical Appliances, IVD), Sterilization Type (Chemical Sterilization, Radiation Sterilization, Pressure/Temperature Sterilization), and By Geography (North America (United States, Canada), Europe (United Kingdom, France, Germany, Italy, Spain), Asia-Pacific (China, Japan, India, Australia) Latin America (Brazil, Argentina, Mexico), The Middle East, and Africa (Saudi Arabia, South Africa, Egypt). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.