Booming Sterile and Antiviral Packaging Market Projected to Reach US$ 37.9 billion by 2030.

The Global Sterile and Antiviral Packaging Market is projected to reach US$ 37.9 billion by 2030, with an estimated CAGR of 5.3% from 2022 to 2030. In 2022, the market is valued at US$ 25 billion. The high demand for life-saving drugs and vaccines worldwide is expected to drive astonishing growth in the sales of sterile and antiviral packaging. Global sales are forecasted to grow by 1.5 times between 2022 and 2030.

The analysis of the sterile and antiviral packaging market reveals that vials & ampoules, combined with blister & clamshell packaging types, are the most widely used across regions, accounting for over one-third of the market share globally in 2022.

In terms of materials, plastics and metals combined account for approximately four-fifths of the total sterile and antiviral packaging sold globally in 2022. The widespread acceptance and easy availability of these raw materials make them highly feasible for packaging manufacturers.

The European region is expected to hold the largest market share for sterile and antiviral packaging compared to other regions, with an estimated market share of 27% in 2022.

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The dynamics of the sterile and antiviral packaging market are influenced by various industry factors, including the increasing generation of plastic waste and the rising cost of healthcare facilities, which are estimated to hinder market growth.

Advancements in the market include the use of Blow-Fill-Seal (BFS) technology, which is a more robust method for the aseptic preparation of sterile pharmaceuticals. In April 2022, Amcor plc expanded its healthcare packaging capabilities in Europe, contributing to market advancements.

FMI's analysis indicates a surge of 60 basis share points (BPS) in the sterile and antiviral packaging market in H1-2022 compared to H1-2021. Moreover, when comparing the projected H1-2022 and H1-2022 outlook period, a rise of 40 BPS in the growth rate has been observed.

Key Takeaways:

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Self-Fusing Silicone Tapes Market By Category

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