The global sterilized packaging market is expected to be worth US$ 34 Billion in 2022. According to a report by Future Market Insights, demand for sterilized packaging is expected to rise at a CAGR of 5.4% from 2022 to 2032. By the end of the aforementioned assessment period, a valuation of US$ 58.1 Billion.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value for Sterilized Packaging (2022) | US$ 34 Billion |
| Projected Market Value for Sterilized Packaging (2032) | US$ 58.1 Billion |
| Global Growth Rate (2022 to 2032) | 5.4% CAGR |
How Sterilized Packaging Helps in Enhancing the Safety in Food Consumption
FMI predicts sterilized packaging will be crucial for maintaining the sterility of the contained items. Packaging plays a critical role in the food industry in terms of maintaining the quality and taste of the packaged food for a longer time. With the improvement in the standard of living of the consumers globally, demand for packaged food has shown rapid surge over the years.
Globally, almost 10% of the population falls ill after eating contaminated food. Additionally, 40% of diseases in children are foodborne diseases. FDA has suggested the use of sterile packaged food to improve the safety in food consumption.
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.
There are basically three types of sterilization packages: flat wrappers, sterilization containers, and paper-plastic peel pouches. This article will discuss standards for sterilization packaging and sterilization packaging requirements for packaging manufacturers issued by the Food and Drug Administration (FDA).
Packaging materials include wrapped perforated instrument cassettes, peel pouches of plastic or paper, and sterilization wraps (which can be either woven or unwoven). Packaging materials should be designed for the type of sterilization process being used and should be appropriate for the items being sterilized.
Sterilization packaging is classified by the Food and Drug Administration (FDA) as a Class II medical device. This requires it to meet certain regulatory standards, particularly regarding factors that affect sterility, such as package quality, handling, transport, and storage.
Each type of sterilization container has its own directions for use. Furthermore, regardless of container used, each sterilized package should include information on the label regarding the sterilizer used, cycle or load number, date of sterilization, and expiration date, where applicable.
On the basis of material type, the global sterilized packaging market can be segmented into glass, paper and plastic, wherein, plastic is further segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), High Impact Polystyrene (HIPS) and high density polypropylene, wherein, polyvinyl chloride is expected to grow at a fast pace over the forecast period.
On the basis of sterilization method, the global sterilized packaging market can be segmented into chemical sterilization method, radiation sterilization method and high temperature/pressure sterilization method. On the basis of application type, the global sterilized packaging market can be segmented into food products and pharmaceuticals. Moreover, pharmaceuticals can be further segmented into surgical and medical instrument, medical implants, medicines, others.
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.
However, the restraining factor towards the growth of the sterilized packaging market is the packaging cost in terms of sterilization process. Moreover, another obstructing factor towards the growth of sterilized packaging market is the challenge related to maintain the packaging without being contaminated. In addition to this, government regulation towards the usage of plastic is expected to hinder the growth of sterilized packaging market.
Geographically, the global sterilized packaging market is segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global sterilized packaging market is expected to witness a healthy CAGR over the forecast period of 2016-2024.
Moreover, the extensive evolution of the individual in terms rising disposable income among middle income groups and increasing health concern in the growing economies such as China & India is expected to further improve the sales of the global sterilized packaging market in Asia Pacific region by the end of the forecast period.
Apart from this, North America is expected to contribute largest in the global sterilized packaging market, due to the rising consumption of dairy products and increasing health awareness.
Some of the major players identified across the globe in the sterilized packaging market are Amcor Limited, 3M, 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.
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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Sterilized Packaging Market
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