The global Sterile Medical Packaging Market size is expected to reach USD 47.89 billion by 2027, exhibiting a CAGR of 5.5% during the forecast period. Fortune Business Insights in a report, titled “Sterile Medical Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard), By Type (Thermoform, Trays, Sterile Bottles & Containers, Sterile Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister & Clamshells, Bags & Pouches, Wraps), By Sterilization Method (Chemical Sterilization, Radiation Sterilization, and High Temperature/Pressure Sterilization), By Application and Regional Forecast, 2019-2027” the market size stood 31.38 Billion in 2019.
Sterile Medical Packaging market Drivers and Restraints :
The increasing prevalence of infectious and communicable diseases and viruses such as COVID-19, flu, tuberculosis, and SARS has led to improved hygiene in medical devices intending to prevent any contamination or spread of disease in patients.
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List of Significant Manufacturers Sterile medical packaging market are:
- Amcor Plc (Switzerland)
- Placon (U.S.)
- DuPont (U.S.)
- Steripack Ltd. (Ireland)
- Wipak Group (Finland)
- Nelipak Healthcare (U.S.)
- Sonoco (U.S.)
- BillerudKorsnäs AB (Sweden)
- ProAmpac (U.S.)
- West Pharmaceutical Services, Inc. (U.S.)
- Riverside Medical Packaging Company Ltd (UK)
- Oliver Healthcare Packaging (U.S.)
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Well-Established Pharmaceutical Industry to Encourage Growth in North America
The market in North America stood at USD 11.30 Billion in 2018 and is expected to hold the largest share during the forecast period owing to the well-established pharmaceutical industry.
Some of the key industry developments in the Sterile medical packaging market Include:
June 2020: Kohlberg & Company, L.L.C., announced that it has acquired the Bemis Healthcare Packaging Europe from Amcor.
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