US Sterile Medical Packaging Market by Material and Product - Forecast and Analysis 2023-2027

Published: Apr 2023

Pages: 140

SKU: IRTNTR75170

Snapshot

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?

To learn more about this report, View Report Sample

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:

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.

Get a glance at the market contribution of various segments View the PDF Sample

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.

Sterile Medical Packaging Market Scope in US
Report Coverage	Details
Page number	140
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.06%
Market growth 2023-2027	USD 3,763.05 million
Market structure	Fragmented
YoY growth 2022-2023(%)	5.37
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	3M Co., 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., Tekni Plex Inc., West Pharmaceutical Services Inc., Wipak Group, and Technipaq Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View the PDF sample

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

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Material
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 10: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Sterile medical packaging market in US 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Sterile medical packaging market in US 2017 - 2021 ($ million)

4.2 Material Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Material Segment 2017 - 2021 ($ million)

4.3 Product Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Product Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Material

6.1 Market segments
- Exhibit 25: Chart on Material - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Material - Market share 2022-2027 (%)

6.2 Comparison by Material
- Exhibit 27: Chart on Comparison by Material
- Exhibit 28: Data Table on Comparison by Material

6.3 Plastic - Market size and forecast 2022-2027
- Exhibit 29: Chart on Plastic - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Plastic - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Plastic - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Plastic - Year-over-year growth 2022-2027 (%)

6.4 Glass - Market size and forecast 2022-2027
- Exhibit 33: Chart on Glass - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Glass - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Glass - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Glass - Year-over-year growth 2022-2027 (%)

6.5 Aluminum - Market size and forecast 2022-2027
- Exhibit 37: Chart on Aluminum - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Aluminum - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Aluminum - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Aluminum - Year-over-year growth 2022-2027 (%)

6.6 Others - Market size and forecast 2022-2027
- Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Material
- Exhibit 45: Market opportunity by Material ($ million)
- Exhibit 46: Data Table on Market opportunity by Material ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 47: Chart on Product - Market share 2022-2027 (%)
- Exhibit 48: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product
- Exhibit 49: Chart on Comparison by Product
- Exhibit 50: Data Table on Comparison by Product

7.3 Thermoformed trays - Market size and forecast 2022-2027
- Exhibit 51: Chart on Thermoformed trays - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Thermoformed trays - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Thermoformed trays - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Thermoformed trays - Year-over-year growth 2022-2027 (%)

7.4 Blister packs - Market size and forecast 2022-2027
- Exhibit 55: Chart on Blister packs - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Blister packs - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Blister packs - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Blister packs - Year-over-year growth 2022-2027 (%)

7.5 Bottles - Market size and forecast 2022-2027
- Exhibit 59: Chart on Bottles - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Bottles - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Bottles - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Bottles - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Product
- Exhibit 67: Market opportunity by Product ($ million)
- Exhibit 68: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 70: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 71: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 72: Overview on factors of disruption

10.4 Industry risks
- Exhibit 73: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 74: Vendors covered

11.2 Market positioning of vendors
- Exhibit 75: Matrix on vendor position and classification

11.3 3M Co.
- Exhibit 76: 3M Co. - Overview
- Exhibit 77: 3M Co. - Business segments
- Exhibit 78: 3M Co. - Key news
- Exhibit 79: 3M Co. - Key offerings
- Exhibit 80: 3M Co. - Segment focus

11.4 Amcor Plc
- Exhibit 81: Amcor Plc - Overview
- Exhibit 82: Amcor Plc - Business segments
- Exhibit 83: Amcor Plc - Key news
- Exhibit 84: Amcor Plc - Key offerings
- Exhibit 85: Amcor Plc - Segment focus

11.5 Avient Corp.
- Exhibit 86: Avient Corp. - Overview
- Exhibit 87: Avient Corp. - Business segments
- Exhibit 88: Avient Corp. - Key offerings
- Exhibit 89: Avient Corp. - Segment focus

11.6 Berry Global Inc.
- Exhibit 90: Berry Global Inc. - Overview
- Exhibit 91: Berry Global Inc. - Business segments
- Exhibit 92: Berry Global Inc. - Key news
- Exhibit 93: Berry Global Inc. - Key offerings
- Exhibit 94: Berry Global Inc. - Segment focus

11.7 Cardinal Health Inc.
- Exhibit 95: Cardinal Health Inc. - Overview
- Exhibit 96: Cardinal Health Inc. - Business segments
- Exhibit 97: Cardinal Health Inc. - Key news
- Exhibit 98: Cardinal Health Inc. - Key offerings
- Exhibit 99: Cardinal Health Inc. - Segment focus

11.8 DuPont de Nemours Inc.
- Exhibit 100: DuPont de Nemours Inc. - Overview
- Exhibit 101: DuPont de Nemours Inc. - Business segments
- Exhibit 102: DuPont de Nemours Inc. - Key news
- Exhibit 103: DuPont de Nemours Inc. - Key offerings
- Exhibit 104: DuPont de Nemours Inc. - Segment focus

11.9 Janco Inc.
- Exhibit 105: Janco Inc. - Overview
- Exhibit 106: Janco Inc. - Product / Service
- Exhibit 107: Janco Inc. - Key offerings

11.10 Nelipak Corp.
- Exhibit 108: Nelipak Corp. - Overview
- Exhibit 109: Nelipak Corp. - Product / Service
- Exhibit 110: Nelipak Corp. - Key offerings

11.11 Oliver Healthcare Packaging Co.
- Exhibit 111: Oliver Healthcare Packaging Co. - Overview
- Exhibit 112: Oliver Healthcare Packaging Co. - Product / Service
- Exhibit 113: Oliver Healthcare Packaging Co. - Key offerings

11.12 Orchid MPS Holdings LLC
- Exhibit 114: Orchid MPS Holdings LLC - Overview
- Exhibit 115: Orchid MPS Holdings LLC - Product / Service
- Exhibit 116: Orchid MPS Holdings LLC - Key offerings

11.13 Placon Corp.
- Exhibit 117: Placon Corp. - Overview
- Exhibit 118: Placon Corp. - Product / Service
- Exhibit 119: Placon Corp. - Key offerings

11.14 Sonoco Products Co.
- Exhibit 120: Sonoco Products Co. - Overview
- Exhibit 121: Sonoco Products Co. - Business segments
- Exhibit 122: Sonoco Products Co. - Key offerings
- Exhibit 123: Sonoco Products Co. - Segment focus

11.15 Steripack Group Ltd.
- Exhibit 124: Steripack Group Ltd. - Overview
- Exhibit 125: Steripack Group Ltd. - Product / Service
- Exhibit 126: Steripack Group Ltd. - Key offerings

11.16 West Pharmaceutical Services Inc.
- Exhibit 127: West Pharmaceutical Services Inc. - Overview
- Exhibit 128: West Pharmaceutical Services Inc. - Business segments
- Exhibit 129: West Pharmaceutical Services Inc. - Key news
- Exhibit 130: West Pharmaceutical Services Inc. - Key offerings
- Exhibit 131: West Pharmaceutical Services Inc. - Segment focus

11.17 Wipak Group
- Exhibit 132: Wipak Group - Overview
- Exhibit 133: Wipak Group - Business segments
- Exhibit 134: Wipak Group - Key offerings
- Exhibit 135: Wipak Group - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources

12.5 List of abbreviations
- Exhibit 142: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

sterile medical packaging market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis