Research Nester released a report titled “Sterile and Antiviral Packaging Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global sterile and antiviral packaging market in terms of market segmentation by product, packaging type, sterilization method, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Sterile and antiviral packaging is a type of packaging process which preserves and protect a product from any contamination, harmful bacteria and avoid reaction with air. Owing to rapid advancement in healthcare sector and growing demand for cost-effective sterile and safe medical packaging coupled with the germs and bacteria free products, the sterile and antiviral packaging market is anticipated to record a significant CAGR over the forecast period, i.e., 2021-2029. The market is segmented by packaging type into plastic, glass, metallic and others, out of which, the segment for plastic is anticipated to hold the leading share in the market. This can be attributed to large scale applications of plastic material in pouches, thermoformed trays, and clamshell as well as superior microbial barrier properties which increase the shell life of products.
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Based on the regional analysis, the sterile and antiviral packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the leading share in the market on account of rising focus on sterile as well as disinfect packaging of medical instruments by hospitals and strict regulations along with the advancement in healthcare infrastructure and facilities in the region, as well as for the presence of leading market players.
Increasing Demand for Hygienic, Clean and Contamination Free Medical Products to Boost the Market Growth
The patient-care medical devices should be thoroughly cleaned, disinfected and sterilized by the preferred methods as per the ‘The Guideline for Disinfection and Sterilization in Healthcare Facilities, 2008’ given by Centers for Disease Control and Prevention (CDC).
There is a significant rise in demand for sterile and antiviral packaging of medical instruments and supplies on account of the usage of non-sterile instruments and unhygienic medical packaging which results in aggravated health problems. Moreover, sterilization improves shelf life and provide better protection against pathogenic infections. Further, there has been a robust growth in consumer preference for contamination free sterilized syringes and testing kits owing to ongoing Covid-19 pandemic. In addition, there exists regulatory standards for packaging of sterilized medical instruments which is anticipated to increase the market growth over the forecast period.
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However, ever-increasing cost of healthcare facilities and increasing plastic waste generation is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global sterile and antiviral packaging market which includes company profiling of DuPont de Nemours, Inc. (NYSE:DD), BillerudKorsnas, Amcor plc (NYSE: AMCR), Placon, Sonoco Products Company (NYSE: SON), Oliver, ProAmpac Intermediate, Inc., Wihuri group, Baxter Healthcare Corporation (NYSE: BAX) and SteriPack Medical Poland Sp. z o.o. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global sterile and antiviral packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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