Sterile & Antiviral Packaging Market to Hit US$42.8 Billion by 2034, Driven By Rising Medical Procedures and Implant Tech

A perfect storm is brewing for the Sterile and Antiviral Packaging Market, according to FMI.  Fueled by a rise in medical procedures, innovative implant tech, and the growing popularity of single-use systems, the market is poised for significant growth. The report offers a roadmap to navigate this trend, including insights into market drivers, potential roadblocks, and promising opportunities. It even arms you with investment analysis and strategic decision-making tools to help you capitalize on this exciting market.

NEWARK, Del., March 27, 2024 /PRNewswire/ -- The global sterile and antiviral packaging market will reach a valuation of US$ 27.8 billion in 2024, driven by expansion into new application areas. The trend is set to create new opportunities for the market, leading to a projected CAGR of 4.4% between 2024 and 2034, and reaching a total valuation of approximately US$ 42.8 billion by 2034.

Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-11298

The demand for sterile packaging solutions for medical implants, including orthopedic implants, cardiovascular implants, and dental implants, continues to rise due to increasing surgical procedures and advancements in implant technologies. The biopharmaceutical and medical device industries are increasingly adopting single use systems to improve efficiency, reduce contamination risks, and lower costs.

Sterile packaging solutions designed for single use systems, such as disposable bioreactors and tubing assemblies, are in high demand. There is a growing demand for customized sterile and antiviral packaging solutions tailored to specific products and applications.

Manufacturers that offer customizable packaging options, including different sizes, shapes, and materials, can meet the diverse needs of customers and gain a competitive edge. Emerging markets, particularly in Asia Pacific and Latin America, offer significant growth opportunities for sterile and antiviral packaging manufacturers.

Factors including expanding healthcare infrastructure, rising disposable incomes, and increasing healthcare spending contribute to market growth in these regions. There is a rising demand for sterile packaging solutions that incorporate tamper evident features, such as seals, labels, and holograms, to ensure product authenticity and integrity, with concerns about product tampering and counterfeiting.

Smart packaging technologies, such as RFID tags, NFC sensors, and QR codes, are being integrated into sterile and antiviral packaging solutions to enable real time monitoring of product integrity, temperature, and expiration dates.  Continued investment in research and development to enhance packaging materials, designs, and sterilization methods is essential for stimulating innovation in the market.

Companies that invest in research and development can introduce novel packaging solutions with improved performance and functionality. Collaboration and partnerships between packaging manufacturers, healthcare companies, and research institutions drive innovation in sterile and antiviral packaging.

Report Scope

Key Takeaways from the Market Study

• Global sterile and antiviral packaging market was valued at US$ 26.6 billion in 2023.
• From 2019 to 2023, the market demand expanded at a CAGR of 5.0%.
• The market in China to expand at a CAGR of 5.6% through 2034.
• By packaging type, the vials and ampoules segment to account for a share of 21.1% in 2024.
• The market in India will expand at a CAGR of 6.7% through 2034.
• By end use, the surgical and medical instruments segment to account for a share of 56.2% in 2024.

"Strategic alliances enable the exchange of knowledge, resources, and technology to develop advanced packaging solutions that meet evolving market needs," says Ismail Sutaria (Lead Consultant, Packaging and Materials at Future Market Insights).

Competitive Landscape

Prominent players in the sterile and antiviral packaging market are Becton, Dickinson and Company, Westfield Medical Limited, Amcor Plc, BillerudKorsnas AB, Placon Corporation Inc, Wipak Group, ProAmpac LLC, SteriPack Contract Manufacturing, Nelipak Healthcare Packaging, Oracle Packaging, and Puracon GmbH, among others.

Company Portfolio

• Amcor Plc. offers a diverse range of sterile and antiviral packaging solutions for the healthcare sector. Their portfolio includes sterile packaging films, pouches, and containers, as well as innovative antiviral coatings and treatments applied to packaging materials to help prevent the spread of infections.
• BillerudKorsnas AB focuses on sustainable and innovative sterile and antiviral packaging solutions. Their portfolio encompasses sterile paper based packaging, antiviral coated cartons, and pouches designed to maintain product sterility and provide protection against viral contamination.

Purchase now and gain full access to the Sterile and Antiviral Packaging Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global sterile and antiviral packaging market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the sterile and antiviral packaging market, the market is segmented on the basis of packaging type (thermoform trays, sterile bottles/containers, vials and ampoules, sterile closures, pre filled syringes, blister and clamshells, iv bags and pouches, sterile wraps, others (sterile lids, etc.)), material type (plastics, glass, metal, paper and paperboard), and end use (pharmaceutical and biological, surgical and medical instruments, food and beverage, other industrial), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa).

About the Packaging Division at Future Market Insights

The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About the Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power. 

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics. 

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association. 

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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SOURCE Future Market Insights