Sterile and Antiviral Packaging Market Trends

As the healthcare sector is growing at a rapid rate, there is a growing demand for using reliable, sterile and safe medical packaging which is cost-effective and which provides better microbial protection. Further, owing to the increasing demand for contamination free products deprived of germs and bacteria, the global 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. Based on this, the segment for plastic is anticipated to hold the leading share in the market on account of the convenience in availability of material in abundance as well as adaptability of plastic material to mold into various and superior microbial barrier properties make it suitable for sterile and antiviral packaging. Further, plastic finds immense application in pouches, thermoformed trays, and clamshell for their tear resistance, durability, breathability and to keep medical equipment and pharmaceuticals sterile throughout the lifecycle.

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 market growth. On the back of such factors, the global sterile and antiviral packaging market is predicted to grow over the forecast period.

Restraints

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.