Global Sterilized Packaging Market 2016-2020

Overview of the global sterilized packaging market

Technavio’s market research analyst predicts the global sterilized packaging market to grow at a CAGR of more than 6% during the forecast period. The demand for sterilized packaging will mostly arise from the growing global biologics market. Biologic drugs include protein and therapy cells, monoclonal antibodies, and tissue- and cell-based regenerative medicines. These drugs are administered directly into patients' blood tissues, so it is important that the containers carrying these drugs are sterilized properly. Several packaging manufacturers are also focusing on new methods of packaging to protect the drugs from contaminants, increase patient compliance, and adhere to the pharmaceutical packaging regulations. They have adopted ready-to-sterilize and ready-to-use closure processes for the containers to eliminate the risk of microbiological contamination of drug products. Moreover, with the growing replacement of glass and metal with plastics in pre-filled syringes, the demand for sterilized packaging will continue to grow during the forecast period.

The substantial growth in the combined drug product market will propel the growth of the sterilized packaging market in the coming years. Combined drug product types include vials syringes, inhalers, and canisters. As a large amount of these drugs are administered orally, or through the intravenous process, packaging of these products requires high-quality and chemically inert plastics compared with other drugs that are topical. Such requirements have compelled manufacturers to use flexible pouches or clamshell packs and sterilize them using ETO and gamma radiation to provide product protection and material and seal integrity.

Competitive landscape and key vendors

The global sterilized packaging market is highly fragmented and extremely competitive because of the presence of several multinational and local vendors.  These players compete on a variety of factors such as performance, innovation, product features, quality, cost, and financial stability to gain market shares. To sustain themselves in the market, vendors are focusing on developing new technologies and are keeping themselves abreast of the emerging technologies that have a positive impact on their product lines.

Leading vendors in the market are -

• Amcor
• Baxter
• BD
• Bemis
• Gerresheimer
• Schott

Other prominent vendors in the sterilized packaging market include Alexander, American Health Packaging, AptarGroup, Barger Packaging, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Contract Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, IntraPac Group, Klockner Pentaplast Group, Körber Group, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, SteriPack, Vitro, and Winpak.

Segmentation by raw materials and analysis of the sterilized packaging market

• Plastics
• Glass

The plastics segment occupied the largest share in the sterilized packaging market during 2015. Several pharmaceutical manufacturers are using plastics in medical packaging as these raw materials are compatible with sterilization processes such as the electron beam sterilization and gamma irradiation methods. PET, PVC, PP, and HIPS are the main types of plastic used for sterilized packaging. The plastic-based sterile packaging can resist lipids, alkalis, alcohol, and other forms of chemicals, which makes it an excellent choice for sterilized packaging. With more chemical resistance and safety offered through plastics, the segment will continue to grow in the coming years.

Geographical segmentation and analysis of the sterilized packaging market

• APAC
• Europe
• North America
• ROW

North America will dominate the market over the forecast period owing to the rapid growth of the biologics market in the region. Pharmaceutical packaging in North America occupies over 75% of the global pharmaceutical packaging share due to the growth of injectable drug delivery technologies and drug delivery solutions. The packaging of injectable drugs and solutions needs a high degree of sterilization as they are injected into the bloodstream of the patients. With the growing demand for sterilization of containers to preserve the structure of the biologic drugs, the sterilized packaging market will witness massive growth in the region during the predicted period.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global sterilized packaging market?
• What are the key market trends impacting the growth of the global sterilized packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global sterilized packaging market?
• What are the market opportunities and threats faced by the vendors in the global sterilized packaging market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global sterilized packaging market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Healthcare Packaging Market 2016-2020
• Global Vials Primary Packaging Market 2016-2020
• Global Parenteral Products Packaging Market 2016-2020
• Global BioPharma Cold Chain Packaging Market 2015-2019
• Sterile Medical Packaging Market in the US 2015-2019