Sterile and Antiviral Packaging Market: Surging Towards a Valuation of US$ 37.9 Billion by 2030 | FMI

Sterile and Antiviral Packaging Market

Projected to reach a valuation of US$ 37.9 billion by 2030, the Global Sterile and Antiviral Packaging Market is currently estimated at US$ 25 billion in 2022, boasting a Compound Annual Growth Rate (CAGR) of 5.3% from 2022 to 2030. This significant growth is indicative of the rising demand for packaging solutions that prioritize sterility and antiviral properties, fueled by increased awareness of hygiene and safety measures. As the market continues to evolve, the adoption of advanced packaging technologies aimed at ensuring product integrity and protection against viral contamination is poised to drive sustained expansion.

As one of the fastest-growing sectors globally, the healthcare industry significantly contributes to a nation’s economic development. Anticipated growth in the healthcare industry, fueled by an increasing prevalence of chronic illnesses and advancements in healthcare infrastructure worldwide, is expected to drive heightened demand for medical products like trays, clamshells, bags, and pouches in the foreseeable future.

According to the U.S. Department of Commerce, the United States boasts the largest biopharmaceuticals market globally, with U.S. firms conducting over half of the Research & Development activities valued at US$ 75 billion. This thriving pharmaceutical sector directly and indirectly sustains over 4.7 million jobs nationwide, signaling significant industry expansion. Furthermore, FMI’s analysis underscores the dominant position of the U.S., accounting for more than 86% market share in the North America sterile and antiviral packaging market throughout the forecasted period, indicating a robust demand for diverse pharmaceutical packaging solutions in the region.

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Key Takeaways:

  • The Global Sterile and Antiviral Packaging Market is projected to reach US$ 37.9 billion by 2030, with a CAGR of 5.3% from 2022 to 2030.
  • High demand for life-saving drugs and vaccines drives the astonishing growth of sterile and antiviral packaging sales.
  • Vials & ampoules, along with blister & clamshell packaging types, are the most widely used in the market, accounting for over one-third of the market share in 2022.
  • Plastics and metals combined make up around four-fifths of the total sterile and antiviral packaging sold globally in 2022.
  • The European region holds the largest market share in the sterile and antiviral packaging market, with an estimated 27% market share in 2022.
  • Industry factors such as plastic waste generation and rising healthcare costs may hinder market growth.
  • Advancements in the market include the use of Blow-Fill-Seal (BFS) technology and expansions of healthcare packaging capabilities.
  • FMI’s analysis shows a surge of 60 BPS in the market in H1-2022 compared to H1-2021, with a rise of 40 BPS in the projected H1-2022 outlook period.
  • Sterile and antiviral packaging preserves and protects products from contamination, harmful bacteria, and air reactions, improving shelf life and providing better protection against pathogenic infections.

Trends Shaping the Market

The Sterile and Antiviral Packaging Market is driven by several trends that highlight its importance and growth potential:

  • Innovative Materials: Market players are exploring novel materials with intrinsic antiviral properties, ensuring long-lasting protection.
  • Smart Packaging: Integration of technology, such as QR codes for tracking and tamper-evident seals, enhances transparency and security.
  • Sustainability: The market is aligning with eco-friendly practices, focusing on recyclable and biodegradable packaging solutions.
  • Customization: Manufacturers are tailoring packaging solutions to meet specific product requirements, ensuring optimal safety.

 “Key manufacturers of self-fusing silicone tapes are focusing on product innovation and technological integration which can allow scale of production resulting in quality product for a lower cost. This is likely to attract customers as it balances the cost and value. Organizations are also partnering and collaborating with other players in the market to tap potential markets by penetrating deeper into the filament tapes market. This enhances brand value and increase market share in the self-fusing silicone tapes market.” says an FMI analyst.

Competitive Landscape

The key market players across sterile and antiviral packaging market are coming up with launch of innovative packaging solutions made up of sustainable materials and focusing on expanding their global footprint:-

In November 2021, Becton, Dickinson and Company opened a new manufacturing facility in Zaragoza, Spain for supporting growth of pre-filled syringes in the region.

In October 2021, Becton, Dickinson and Company collaborated with U.S. Government to Covid-19 combination diagnostic tests and received initial funding of US$ 24.7 Million for the same.

Key Players:

  • Becton, Dickinson and Company
  • E.IE. I. Dupont De Nemours and Company
  • Amcor Plc
  • BillerudKorsnas AB
  • Placon Corporation Inc
  • Wipak Group
  • ProAmpac LLC
  • SteriPack Contract Manufacturing

End Use is Most Profitable among Sterile and Antiviral Packaging Manufacturers

The surge in demand for sterile packaging products, particularly in the domain of surgical and medical instruments, arises from the need to uphold the sterility of products crucial for patient care. This heightened demand is driven by features such as prolonged storage requirements for critical medicinal instruments. The largest end-use of sterile and antiviral packaging globally, the surgical and medical instruments segment, is further propelled by renowned packaging manufacturers introducing innovative antiviral packaging solutions. These advancements serve as an additional layer of protection for various medicinal supplies, contributing significantly to the expansion of the global sterile and antiviral packaging market. The anticipated lucrative incremental opportunity of US$ 7.3 billion between 2022 and 2030 in the sales of sterile and antiviral packaging products for packing surgical and medical instruments underscores the critical role of these packaging solutions in ensuring the safety and integrity of medical supplies.

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Self-Fusing Silicone Tapes Market By Category

By Thickness :

  • Up to 0.25mm
  • 0.26mm to 0.50mm
  • 0.51mm to 0.75mm
  • Above 0.75mm

By Product Type :

  • Rectangular Tapes
  • Triangular Tapes
  • Sinusoidal Rectangular Tapes

By End Use :

  • Electrical & Electronics
  • Plumbing
  • Automotive
  • Industrial
  • Aerospace
  • Home & Garden
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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