Sterilized Packaging Market Size, Demand, Sales & Trends – Future Market Insights, Inc.
In 2022, it is anticipated that the market for sterilised packaging would be valued US$34 billion. From 2022 to 2032, the market for sterilised packaging is anticipated to grow at a CAGR of 5.4%, according to a report by Future Market Insights. A valuation of US$ 58.1 billion was reached by the end of the aforementioned assessment period. How Sterilized Packaging Contributes to Improving Food Safety
Sterilized packaging, according to FMI, will be essential for preserving the sterility of the objects it contains. In the food sector, packaging is crucial for preserving the quality and flavour of packaged foods for a longer period of time. The demand for packaged food has rapidly increased as customers’ standards of living around the world have increased.
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Sterilized Packaging Market – Major Players
Some of the major players identified across the globe in the sterilized packaging market are
- Amcor Limited,
- E. I. du Pont de Nemours and Company,
- Bemis Company, Inc.,
- West Pharmaceutical Services, Inc.,
- Gerresheimer AG,
- SCHOTT AG,
- SteriPack Contract Manufacturing,
- Barger Packaging Inc. and
- North American Sterilization & Packaging Company.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
According to the FSSAI, the sales volume of packaged food products surged by over 48% in the span of 2012 to 2016. With the increase in demand for packaged food and awareness for the use of aseptic and sterile packaging is driving the market growth.
Sterilized packaging is considered a medical device and thus it must undergo validation testing before being used in healthcare facilities. There are several types of sterilized packaging systems in the market today.
A report from Future Market Insights suggests that the sterilized containers are designed to maintain the sterility of the contained items while allowing the penetration of the sterilizing agent and providing an efficient way to sterilize multiple items simultaneously. However, there are a set of guidelines and standards that they must follow, with not all packaging systems being compatible with all types of sterilization processes.
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Sterilized Packaging Market – Market Dynamics
One of the significant factors contributing towards the growth of the global sterilized packaging market is the government regulation towards effective packaging solution and stringent hygiene requirement subjected to pharmaceutical and food product. Moreover, advancement in the healthcare industry also provide opportunities to the global sterilized packaging market to grow exponentially.
Another prominent factors contributing towards the growth of the global sterilized packaging market is the concern related to increase the shelf life of the product among manufacturer and retailers, which can be achieved by proper sterilized packaging solution.
Furthermore, the rising health concern and increasing disposable income among the middle class population is generating a huge opportunity for retail food market which increases the requirement for sterilized packaged food and essentially drive the growth of the global sterilized packaging market.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (EU5 Countries, Nordic countries, BENELUX, Poland, Russia, Rest of Europe)
- APAC (China, India, ASEAN, Australia & New Zealand, Japan)
- MEA (GCC Countries, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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