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Sleeve Rubber Stoppers Market

Market Insights on Sleeve Rubber Stoppers covering sales outlook, demand forecast & up-to-date key trends

Sleeve Rubber Stoppers Market By Material Type (Butyl Rubber, Natural Rubber, EPDM (Ethylene Propylene Diene Monomer)), Diameter (13 mm, 20 mm, 28 mm), Sterilization Technology (Autoclavable, Gamma Irradiation), Distribution Channel (Pharmaceuticals, Hospitals, Laboratories, Research Centers) & Region - Forecast 2022-2032

Sleeve Rubber Stoppers Market Overview

The sleeve rubber stoppers market is likely to record a strong CAGR of 5% during the forecast period. The sleeve rubber stoppers market is currently valued at US$ 605 Mn in 2022 and is likely to reach US$ 1.03 Bn by 2032.

Report Attribute

Details

Estimated Base Year Value (2022)

US$ 605 Mn

Anticipated Forecast Value (2032)

US$ 1.03 Bn

Projected Growth Rate (2022-2032)

5% CAGR

Sales of sleeve rubber stoppers have risen due to their high density to nullify the effects of solvent degradation.

Increased use of sterile packaging, autoclaving, and gamma irradiation processes are also projected to contribute to the growth of the sleeve rubber stoppers market share.

The report sheds light on the factors improving the sales of sleeve rubber stoppers and, in turn, the opportunities for market players. However, the sleeve rubber stoppers market also faces some challenges, which might limit the sleeve rubber stoppers market share from reaching its potential.

Some of the critical sleeve rubber stoppers market trends promoting the demand for sleeve rubber stoppers are owing to medical packaging regulations against the use of plastic products.

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What are the Key Dynamics to the Sleeve Rubber Stoppers Market Share?

The sleeve rubber stoppers market is expected to grow during the forecast period as the demand for sterile packaging is increasing. 

The demand for sleeve rubber stoppers is expected to witness moderate growth due to innovative sterilized packaging solutions without closures. 

The significant change in pharmaceutical packaging formats may impact the growth of the sales of sleeve rubber stoppers in the upcoming years. 

The packaging industry is expected to experience noticeable expansion owing to growth in the medical sector, which may positively affect the sales of sleeve rubber stoppers

However, innovations in medical packaging formats may hamper the growth of the sales of sleeve rubber stoppers. Lamination on the stopper makes them more effective in terms of performance, which is expected to fuel the demand for sleeve rubber stoppers market growth. 

The introduction of sachets for single-dose and usage of pouches and the aesthetic packaging solutions is expected to reduce the consumption of sleeve rubber stoppers.

Which Region holds the Highest Growth Potential in the Sleeve Rubber Stoppers Market?

The sleeve rubber stoppers market is expected to experience moderate growth in the upcoming years, owing to changes in brand owners’ preferences regarding the usage of traditional packaging solutions. 

In emerging countries such as India and China, the sales of sleeve rubber stoppers are expected to expand with a relatively higher CAGR than in other countries. 

The consumption of silicone rubber, natural rubber, and EPDM is also expected to affect the forecast period of the European sleeve rubber stoppers market

In Latin America, Mexico is expected to witness a higher growth rate than Brazil and Argentina in the upcoming years, owing to an increment in investments in the pharmaceutical industry as well as research institutes. 

In South Africa, the rise in investments in the manufacturing sector is expected to boost the demand for sleeve rubber stoppers.

Ismail Sutaria
Principal Consultant
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How is the Competitive Landscape in the Sleeve Rubber Stoppers Market?

The key players of the sleeve rubber stoppers market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use as packaging solutions to thrive business. This is driving the sales of sleeve rubber stoppers.  

Some of the key participating players indulged in the sales of sleeve rubber stoppers are:

  • West Pharmaceutical Services Inc.
  • VWR International LLC
  • Widgetco Inc.
  • Sonata Rubber Pvt. Ltd.
  • APG Pharma
  • Samsung Medical Rubber Co. Ltd
  • Adelphi Group

These market players are anticipated to drive the sleeve rubber stoppers market by introducing new products and expanding geographically.

Manufacturers of sleeve rubber stoppers are also offering laminated stoppers which provide excellent barrier properties, lubricity, and vividness. In addition to this, companies are also offering ready-to-sterilize packaging to reduce costs and make it more cost-effective.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Base year for estimation

2022

Historical data

2015 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Material type, Diameter, Sterilization technology, Distribution channel, Region

Regional scope

North America; Latin America; Europe; Middle East and; Africa (MEA); East Asia; South Asia; Oceania

Country scope

U.S., Canada, Mexico, Brazil, Argentina, Chile, Peru, Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe, India, Thailand, Indonesia, Malaysia, Rest of South Asia, China, Japan, South Korea, Australia & New Zealand, GCC Countries, South Africa, Turkey, Iran, Israel

Key companies profiled

West Pharmaceutical Services Inc., VWR International LLC, Widgetco Inc., Sonata Rubber Pvt. Ltd., APG Pharma, Samsung Medical Rubber Co. Ltd, and Adelphi Group.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The sleeve rubber stoppers market grows at a rate of 5% CAGR during the forecast period 2022 to 2032.

Key players holding a substantial sleeve rubber stoppers market share include West Pharmaceutical Services Inc., VWR International LLC, Widgetco Inc., Sonata Rubber Pvt. Ltd., APG Pharma, Samsung Medical Rubber Co. Ltd, and Adelphi Group.

Demand for sleeve rubber stoppers is likely to rise on the back of increased use of sterile packaging, autoclaving and gamma irradiation processes are also projected to contribute to the growth of the sleeve rubber stoppers market share.

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Sleeve Rubber Stoppers Market