Stratview Research has published a new report titled “Sterile Packaging Market” which is segmented By Material (Plastics, Metal, Glass, Others), Type (Thermoform Trays, Sterile Bottles & Containers, Vials & Ampoules, Pre-Fillable Inhalers, Sterile Closures, Pre-Filled Syringes), Application (Surgical Instruments, Pharmaceuticals, Other), and Region.
As per the study, the Sterile Packaging Market is projected to grow from USD 35.2 billion in 2020 to USD 59.0 billion by 2026 at a CAGR of around 9.1% during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By application, the sterile packaging market has been bifurcated into surgical instruments, pharmaceuticals, and others. The pharmaceuticals segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment can be attributed to expanding growth of the pharmaceuticals industry across the world.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing spending on R&D activities to develop new drugs coupled with the presence of key market players such as Placon Corporation (US) and DuPont de Nemours, Inc. (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare coupled with rising health consciousness and rising per capita disposable income of the consumers.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Sterile Packaging Market:
· Amcor plc (Switzerland)
· Placon Corporation (US)
· DuPont de Nemours, Inc. (US)
· Steripack (Ireland)
· Wipak Group (Germany)
· The 3M Company (US)
· Nelipak Corporation (US)
· Oracle Packaging (US)
· Sonoco Products Company (US)
Key questions answered by the report
- What is the projected CAGR for revenue from the Sterile Packaging Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Sterile Packaging Market?
- Which are the major market players?
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