Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Sterilized Packaging - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Sterilized Packaging, with a current valuation of US$38.2 Billion in 2022, is poised to grow robustly, with an expected reach of US$62.6 Billion by the year 2030.
This significant growth corresponds to a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2022 to 2030. The Plastic segment within this market is anticipated to exhibit an impressive 7.1% CAGR, projecting its demand to rise to US$36.3 Billion by the conclusion of the analysis period.
Key Regional Market Insights
The United States sterilized packaging market is currently valued at US$11.8 Billion, demonstrating a sustained demand within this sector. Conversely, China is forecast to display remarkable growth, with a projected CAGR of 9.9%, indicating a market size of US$11.9 Billion by 2030.
Other prominent regions such as Japan and Canada are expected to grow at 3.3% and 5.4% respectively within the same period. Europe, with Germany at the forefront, is projected to witness a notable 4.8% CAGR. The Asia-Pacific region, including burgeoning economies like Australia, India, and South Korea, is projected to reach US$8.7 Billion by the year 2030.
Comprehensive Competitive Analysis
The report features a total of 78 prominent industry players, offering an in-depth view of the competitive landscape.
This segmentation includes market leaders in the Sterilized Packaging sphere, specializing in various materials and solutions to meet burgeoning industry demands.
Select Company Profiles Include:
- Amcor Ltd.
- American Health Packaging
- AptarGroup, Inc.
- Baxter International, Inc.
- Becton, Dickinson and Company
- Bemis Co., Inc.
- Cardinal Health, Inc.
- Catalent Pharma Solutions, Inc.
- CCL Industries, Inc.
- Clondalkin Group Holdings BV
- Constantia Flexibles Group GmbH
- Datwyler Holding, Inc.
- Euromedex France SA
- Gerresheimer AG
- Intrapac International Corporation
- Klockner Pentaplast GmbH & Co. KG
- Nampak Ltd.
- RPC Group PLC
- SCHOTT AG
- SteriPack Group
- Vitro S.A.B. de C.V.
- Winpak Ltd.
Economic Outlook
As the global economic climate shows signs of improvement and growth recovery, the Sterilized Packaging market is responding positively to the macroeconomic environment. With the United States surmounting recession risks and the Euro area seeing a boost in economic activity due to easing inflation, the market outlook remains promising. Moreover, China's economic resurgence with the potential to rise significantly in GDP post-COVID and India's journey to becoming a trillion-dollar economy accentuate the potential market growth. Despite the presence of challenges—including geopolitical tensions, persistent inflation, and evolving regulatory landscapes—the global market is supported by investor optimism and emerging technology revolutions that signal a mix of opportunities ahead.
This research publication, through strategic discussions, market sentiment analysis, and forecasting, offers unparalleled breadth and depth of data and insights valuable to stakeholders within the Sterilized Packaging industry. It provides a holistic view of the market dynamics, positioning businesses for strategic decision-making and competitive advantage.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 376 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $38.2 Billion |
| Forecasted Market Value (USD) by 2030 | $62.6 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/4cgr4n
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