The sterile medical packaging market in US is estimated to grow at a CAGR of 6.06% between 2022 and 2027. The sterile medical packaging market in US is forecast to increase by USD 3,763.05 million. The growth of the market depends on several factors, including high healthcare expenditure on medical technologies, high sales of pharmaceuticals, and the launch of new sterile medical packaging solutions by vendors.

This sterile medical packaging market report in US extensively covers market segmentation by material (plastic, glass, aluminum, and others) and product (thermoformed trays, blister packs, bottles, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Sterile Medical Packaging Market in US During the Forecast Period?

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Sterile Medical Packaging Market in US: Key Drivers, Trends, Challenges, and Customer Landscape

The high healthcare expenditure on medical technologies is notably driving the market growth, although stringent regulations for pharmaceutical packaging may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Sterile Medical Packaging Market Driver in US

High healthcare expenditure on medical technologies is notably driving the sterile medical packaging market growth in US. Rising healthcare costs can be attributed to factors such as an aging population, increasing public demand, and most importantly, advances in medical technology and penetration of the healthcare system. Technological advances in medicine have enabled medical practitioners to diagnose and treat diseases in ways that were previously difficult. Such developments contribute to increasing healthcare costs. Healthcare costs for medical technology are very high in the United States. Increasing healthcare spending on medical technology can bring new types of medical devices and products to the market. As the availability, number, and variety of devices and products on the market increase, so does the demand for sterile medical packaging. Additionally, in the pharmaceutical industry, patient protection is a physician's top priority, so sterile medical instruments, and devices are of great importance. 

Sterile medical devices and instruments help doctors prevent the spread of bacterial infections and diseases and effectively reduce the risk of complications. The manufacturing and packaging of medical instruments and devices are critical to achieving and maintaining sterility. Therefore, high medical spending on medical technology is expected to drive the demand for sterile medical packaging. This is expected to drive the growth of the market during the forecast period. 

Significant Sterile Medical Packaging Market Trends in US

Growing focus on sustainable medical packaging is a key trend influencing the sterile medical packaging market growth in US. Vendors in the US sterile medical packaging market are focusing on sustainable medical packaging solutions. Vendors aim to replace plastic with biocompatible materials such as recyclable boxes, compostable bags, and eco-friendly tubes. Various suppliers such as DuPont and Amcor are also promoting sustainable medical packaging. DuPont Tyvek is sterile, sustainable packaging for the healthcare industry. Tyvek is made from layers of flash-spun and bonded HDPE filaments. Tyvek has many advantages, including High compatibility with recycling technology, lightweight,  and less waste, fewer additives. 

Additionally, in April 2022, Amcor announced the addition of a new, more sustainable High Shield laminate to its pharmaceutical packaging portfolio. The new low-carbon, recyclable packaging provides the high barriers and performance requirements needed by the pharmaceutical industry while supporting pharmaceutical companies' recycling goals. Hence, increasing focus on providing sustainable medical packaging coupled with the benefits of sustainable medical packaging is expected to dominate the market during the forecast period.  

Major Sterile Medical Packaging Market Challenge in US

Stringent regulations for pharmaceutical packaging are challenging the sterile medical packaging market growth in US. Packaging materials, including primary and secondary packaging, used to package pharmaceutical products in the United States must comply with Food and Drug Administration (FDA) regulations and guidelines. Primary packaging is the packaging that comes into direct contact with the medicinal product. The FDA requires that all primary and secondary packaging materials be fit for purpose. In other words, the packaging must protect and be compatible with the product dosage form. It also requires that primary and secondary packaging be made of safe materials. 

Primary pharmaceutical packaging is designed to protect products from degradation and subsequent loss of potency due to microbial contamination, oxidation, and exposure to light. Products used for pharmaceutical primary packaging must be manufactured under cleanroom conditions that meet class 1,00,000 cleanliness standards. Therefore, suppliers operating in the US sterile medical packaging market must adhere to these guidelines. This presents a challenge to the vendors operating in the market and may hamper the market growth during the forecast period. 

Key Sterile Medical Packaging Market Customer Landscape in US

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Sterile Medical Packaging Market in US Customer Landscape

Who are the Major Sterile Medical Packaging Market Vendors in US?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co: The company offers biodegradable medical plastics, along with that it also manufactures different varieties of adhesives.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

• Amcor Plc
• Avient Corp.
• Berry Global Inc.
• Cardinal Health Inc.
• DuPont de Nemours Inc.
• DWK Life Sciences GmbH
• Eagle Medical Inc.
• Janco Inc.
• Nelipak Corp.
• Oliver Healthcare Packaging Co.
• Orchid MPS Holdings LLC
• Placon Corp.
• ProAmpac Holdings Inc
• Sonoco Products Co.
• Steripack Group Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Sterile Medical Packaging Market in US?

The market share growth by the plastic segment will be significant during the forecast period. The plastic materials most commonly used in sterile medical packaging applications include HDPE polymer, PVC, followed by polyethylene (PE), PP, polystyrene (PS), and PET. Plastics are used in medical packaging such as bottles, clamshells, syringes, and pouches. Various sizes, colors, and shapes of bottles are available and made from different resins. It is also made with additives such as antioxidants, impact modifiers, lubricants, stabilizers, and plasticizers. Additionally, a clamshell is a plastic container that consists of two halves joined by a hinge area. Clamshell packaging offers many benefits, including aesthetics, portability, and ease of opening.

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The plastic companies segment was valued at USD 3,673.83 million in 2017 and continued to grow until 2021. Packaging materials consist of various raw materials such as PVC and PET. Clamshell packaging is widely used to package a variety of items such as surgical instruments, medical instruments, surgical instruments, and diagnostic products to reduce the possibility of tampering. Hence, the high usage of plastics in sterile medical packaging will drive the segment and hence the market during the forecast period. Additionally, market vendors are focused on developing recyclable plastics for sterile medical packaging in the United States. Therefore, increasing developments by providers are expected to focus on the segment and thus on the market in the forecast period.  

Segment Overview

The sterile medical packaging market report in US forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Material Outlook (USD Million, 2017 - 2027)
  • Plastic
  • Glass
  • Aluminum
  • Others

• Product Outlook (USD Million, 2017 - 2027)
  • Thermoformed trays
  • Blister packs
  • Bottles
  • Others

Parent Market Analysis

Technavio classifies the US sterile medical packaging market as part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products made from metal, glass, or plastic containers such as corks and closures. The global containers and packaging market comprises combined revenue generated by manufacturers/suppliers of metal, glass, and plastic containers and paper packaging. 

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What are the Key Data Covered in this Sterile Medical Packaging Market in US Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the sterile medical packaging market in US between 2023 and 2027
• Precise estimation of the size of the sterile medical packaging market in US and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across US
• Thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of sterile medical packaging market vendors in US

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