Sterile and Antiviral Packaging Market Trends

  • Report ID: 2841
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Sterile and Antiviral Packaging Market Trends

Growth Drivers

  • Rising Cases of Viral Infections and Contamination to Boost the Market Growth
    Since the usage of non-sterile instruments as well as uneven and unhygienic medical packaging are leading to serious consequences, there is a significant rise in demand for sterile and antiviral packaging of all types of instruments and medical supplies. The Centers for Disease Control and Prevention (CDC) has given ‘The Guideline for Disinfection and Sterilization in Healthcare Facilities, 2008’ which states that the patient-care medical devices should be thoroughly cleaned, disinfected and sterilized by the preferred methods. Furthermore, sterile medical packaging process improves shelf life and provide better protection against germs and bacteria. Moreover, medical packaging manufacturers are focusing on production of innovated sterile and antiviral packaging which will take utmost care of hygiene, protection and safety. This is anticipated to significantly expand the growth of the global sterile and antiviral packaging market. 
  • Growing Consumer Inclination Towards Hygiene and Safety to Drive the Market Growth
    With the rise in awareness about pathogenic infections spread by non-sterile medical instruments and other supplies, there has been a growing consumer preference for contamination free medical products. Industries such as medical and surgical devices manufacturing, food and beverage, and pharmaceuticals, are now opting for sterile and antiviral packaging method. Moreover, there has been a robust growth in demand for sterilized syringes and testing and diagnostic kits on account of the ongoing Covid-19 pandemic. Additionally, there are some legal compliances and regulatory standards for packaging of sterilized medical instruments in the healthcare industry which further propel the sterile and antiviral packaging market growth. On the back of such factors, the global sterile and antiviral packaging market is predicted to grow over the forecast period.

Challenges

  • Huge Consumer Expenses on Healthcare Facilities
    Despite the improving medical technology, the increasing global healthcare cost is not affordable to several consumers and thus they are demanding cheaper products. Additionally, increasing plastic waste generation is estimated to hinder the growth of sterile and antiviral packaging market in the future.

Sterile and Antiviral Packaging Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

4.1%

Base Year Market Size (2023)

USD 24.71 billion

Forecast Year Market Size (2036)

USD 41.66 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Anil


  • Report ID: 2841
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing cases of viral infections and contamination is one of the major factors driving the market growth.

The market is anticipated to attain a significant CAGR of ~6.45%, over the forecast period, i.e., 2021-2029.

The major players in the market are DuPont de Nemours, Inc., BillerudKorsnas, Amcor plc, Placon, Sonoco Products Company, Oliver, ProAmpac Intermediate, Inc., Wihuri group, Baxter Healthcare Corporation and SteriPack Medical Poland Sp. z o.o.
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