The Sterile Medical Packaging Market, estimated at USD 68.99 Bn in 2025, is expected to exhibit a CAGR of 9.7% and reach USD 131.9 Bn by 2032.
The packaging industry is evolving rapidly, driven by sustainability, innovation, and rising demand across food & beverages, healthcare, e-commerce, and personal care. With increasing focus on eco-friendly materials and smart solutions, the market presents significant growth opportunities for industry players worldwide.
Plastics-PP segment held a dominant position in the global sterile medical packaging market in 2021, accounting for 74.00% share in terms of value. Increasing approval and the launch of new products are expected to propel growth of the segment during the forecast period.
Global Sterile Medical Packaging Market Trends:
With the growing demand for high-quality sterilization products, along with the growth in disposable income and increased healthcare expenditure, consumer preferences are expected to shift towards healthcare services. All these factors are expected to act as trends in the global market.
The market is witnessing various acquisitions to expand the business lines to various regions. This trend is expected to continue in the near future as well. For instance, in January 2020, Sonoco, a packaging company, completed the US$187 million cash purchase of Thermoform Engineered Quality and Plastique Holdings from ESCO Technologies is a global provider of highly-engineered products and solutions to diverse and growing end-markets that include the aerospace, defense, space, healthcare, wireless, consumer electronics, electric utility, and renewable energy industries. . TEQ employs around 500 employees in Europe and makes recyclable molded-pulp-fiber packaging and thermoformed plastic packaging for various end-user markets. TEQ is a thermoformed packaging manufacturer that serves the healthcare, medical device, and consumer markets.
Global Sterile Medical Packaging Market: Competitive Landscape
Amcor PLC, Dupont De Nemours Inc., Steripack Ltd, Wipak Group, Placon Corporation, Riverside Medical Packaging Company Ltd, Tekni-Plex Inc., BillerudKorsnäs AB, Sonoco Products Company, DWK Life Sciences GmbH, Technipaq Inc., 3M Co. (3M Packaging), and Nelipak Healthcare
Global Sterile Medical Packaging Market: Recent Developments
- In December 2020, Technipaq Inc. specialty niche is fulfilling orders for R&D prototypes, validation samples and limited product runs for medical devices, diagnostic, announced its investment in an air-knife coating machine that allows the company to apply proprietary coatings to DuPont Tyvek for healthcare product offerings in-house. The new line was designed to expand and enhance the company’s rollstock, lidstock, and header bag product offerings and boost levels of customization.
- In September 2021, Technipaq Inc. and Tyvek Authorized Converter announced a new partnership with DuPont Tyvek and recycling partner Freepoint Eco-Systems to build upon the company’s ongoing sustainability and recycling efforts. With the partnership, the company could be able to divert its mixed-material plastic waste stream, containing Tyvek and other plastic waste, generated during healthcare packaging manufacturing away from landfills and to Freepoint, where it could be recycled for use in the production of new ‘virgin-quality’ plastics and fuels.
- In September 2021, Nelipak Laboratory Services performed package integrity testing to ensure the sterility and integrity of products. Package integrity is a major concern for all manufacturers, particularly in the medical device industry, where the sterility and integrity of products could have a major impact on patients’ health. This is expected to provide further growth opportunities for the company.
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