Sterilized Packaging Market Scope
Market Research Future (MRFR) expects the global sterilized packaging market to scale a robust value and record a steady growth rate over the forecast period (2016 to 2022). Packaging has gained rapid traction over the years, and it is projected that advancements in packaging technology can unleash highly lucrative opportunities for the players in the next few years.
Market Boosters and Top Restraints
The substantial growth of the sterilized packaging market across the globe has been the result of the positive impact of the government regulation that is boosting the sale of packaging solutions. Strict hygiene requirements in the pharmaceutical and food industry also provide a considerable boost to the global market.
With the ongoing advancements within the healthcare industry, a host of opportunities are arising in the global sterilized packaging market. Some other factors promoting the market growth include the mounting need for a longer shelf life of products among manufacturers as well as retailers, which is achievable with the use of sterilized packaging solutions.
Furthermore, increasing health concerns combined with the rising disposable income of the middle-class population is inducing the growth of the retail food market, which, in turn, drives the demand for the sterilized packaging market.
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Top companies in the global market for sterilized packaging include North American Sterilization & Packaging Company (U.S.), SteriPack Contract Manufacturing (U.S.), E. I. du Pont de Nemours and Company (U.S), SCHOTT AG (Germany), Bemis Company, Inc. (U.S.), Barger Packaging Inc. (U.S.), 3M (U.S.), West Pharmaceutical Services, Inc. (U.S.), Amcor Limited (U.S.), Gerresheimer AG (Germany), to name a few.
Sterilized Food Packaging to Note Substantial Growth
Close to 10% of the worldwide population generally faces health issues owing to the consumption of contaminated food. Moreover, 40% of the diseases among children are foodborne. FDA advises using sterile packaged food as it helps elevate the safety of food. With the rising standard of living of consumers, the demand for packaged food has mounted considerably in the past few years. With the surge in demand for packaged food paired with the rising awareness about the use of aseptic and sterile packaging, the global market is bound to observe excellent growth in the following years.
Material and type are the top segments based on which the sterilized packaging market has been studied in the report.
The materials considered in the report are glass, plastic, and others.
The types covered in the report include vials, bottles, trays, and others.
The global market for sterilized packaging has been geographically distributed into Asia Pacific (APAC), along with Europe, North America, coupled with the Rest of the World (RoW).
The most profitable market for sterilized packaging belongs to APAC, given the region’s rapid economic growth and the surge in disposable income as well as the rising standard of living. With the expanding urban population in India and China, the demand for quality medical treatments is mounting at a rapid pace. ISRO is planning to perform close to seven mega missions in the coming ten years. These kinds of trends are anticipated to boost the demand for sterilized packaging in spacecraft and space missions and take the regional market to better heights in the years ahead.
North America has risen as one of the strongest contenders in the global market, thanks to the rapid expansion of the dairy sector and the quick adoption of novel packaging technologies. In addition, the soaring demand for sterilized packaging in the pharmaceutical industry can push the market on an upward trajectory during the appraisal period.
Europe boasts of an extremely experienced market and is estimated to note further success in the near future as well. High adoption of medical package systems in countries like Poland, Romania, and Turkey is given rise to significant growth prospects in the regional market.
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Table Of Content
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4Global Sterilized Packaging Market, By Material
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