Asia Pacific Sterilization Pouches Market: Industry Analysis and Forecast (2023-2029)
Asia Pacific Sterilization Pouches Market was valued at USD 10.50 Million in 2022. Asia Pacific Sterilization Pouches Market size is estimated to grow at a CAGR of 5.51% over the forecast period.
Format : PDF | Report ID : SMR_1310
Asia Pacific Sterilization Pouches Market Definition:
Sterilization pouches are sealed containers or protective wraps used to enclose medical devices and equipment, and their content can be sterilized in an autoclave or other desired equipment. Steam and ethylene oxide is used to fix the equipment contained in these pouches to ensure safe handling and storage. Various sterility processes are used, depending on the requirement and size of the enclosed medical devices. Increasing demand from the healthcare sector plays an important role in growth during the forecast period, resulting in increased consumption of sterile pouches.
Further, the Asia Pacific Sterilization Pouches Markets are segmented by Type, Application, and geography. Based on Type, the Asia Pacific Sterilization Pouches Market is segmented under Sterilization Pouches, Sterilization Wrapping, Sterilization Containers, and Others, Sterilization Pouches is again segmented into Paper Pouches and Plastic Pouches. Based on the Application the market is segmented under the Hospitals, CSSDs, Clinics, and Others. Based on the end-use the market is segmented into Food & Beverages, Healthcare, Cosmetics, Household Goods, and Others. By geography, the market covers the major countries in the Asia Pacific i.e., India, China, Japan, Australia, and the rest of the Asia Pacific. For each segment, the market sizing and forecasts have been done based on value (in USD Million).
Asia Pacific Sterilization Pouches Market Dynamics:
Developing Customized Technical Solutions to Enhance the Market
Different customers have different requirement for using sterile pouches. Processes such as steam sterilization and closing by folding and gluing the ends of a dry heat-sealed pouches are time-consuming and often problematic for customers. To avoid these difficulties, end-users often rely on manufacturers to customize the pouch to their liking without compromising sterility efficiency, and standards. This has brought innovation among market participants and the quality of our products is constantly improving.
Medical devices are an essential item in any medical facility as they are used in different types of medical procedures. These devices should be stored in a sterile environment to prevent contamination. Medical devices such as urinary catheters were a common cause of infection dissemination in healthcare institutions in the united states between 2015 and 2017, according to a 2018 report by the centres for disease control and prevention (CDC). As a result, sterilization pouches are critical in maintaining the sterilization standards of medical devices, which is the main driver of market growth.
Increasing the Amount of Plastic Waste Generated by Medical Facilities Restrains the Market Growth
Medical facilities generate a large amount of plastic waste because most of the equipment and devices used in these facilities contain plastic. According to the US Healthcare Plastics Recycling Council, 40% of plastic Waste in US hospitals comes from sterile pouches and wraps. As a result, the demand for the use of reusable and recyclable plastic products in hospitals has increased. A study by Practice Green health, a non-profit organization specializing in hospital sustainability, found that hospitals that replaced disposable plastic devices with reusable devices significantly reduced waste generation. Green health also believes that reusable medical products can also reduce costs by a sizeable margin for healthcare facilities.
The focus of key players will be on improving the response to the COVID-19 outbreak. The COVID-19 pandemic has compelled enterprises in this market to use their experience to improve their response to this unique public health issue. With the increasing use of medical devices around the world, the demand for sterile pouches and related products is forcing players to increase their production capacity to meet their demand.
The US, India, Brazil, Russia, France, UK, Italy, and Spain are among the worst impacted countries. Due to lockdown, travel bans, and business shutdowns, the COVID-19 had a negative impact on economies and businesses in a number of countries. The closure of various plants and factories had a severe influence on the supply chain, negatively affecting manufacturing, delivery schedules, and product sales in the world market. Few companies have stated that there may be delays in product deliveries and a drop in future sales. Travel prohibitions enforced by governments in Europe, Asia, and North America are having an impact on the industry.
Asia Pacific Sterilization Pouches Market Segment Analysis:
By End-Use, the food and beverages segment is dominating the market segment as the sterilization pouches are used for a variety of purposes. It helps in the preservation of food safety by preventing contamination. Food is stored and transported in the pouch. It helps to keep food fresh and protects it from spoiling. It also eliminates the need for separate shipping and storage containers. This lowers the overall production cost. The sterilization pouches also kill germs and other microbes found in food. Because of this, it serves a critical role in guaranteeing and safety and hygiene of food products. Sterilization pouches are used in cosmetics to safeguard and preserve the product’ quality. It also aids in the prevention of any contamination that may develop as a result of incorrect handling or storage. It’s also used to package creams, lotions, powders, and other forms of cosmetics. The sterilizing pouch aids in the preservation of cosmetic goods’ freshness and quality. Because of this, it’s widely used in the cosmetics sector around the world.
Asia Pacific Sterilization Pouches Market Key Players Insights:
The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide Product Type portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Asia Pacific Sterilization Pouches Market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Sterilization Pouches Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Sterilization Pouches Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Asia Pacific Sterilization Pouches Market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Sterilization Pouches Market. The report studies factors such as company size, market share, market growth, revenue, production, volume, and profits of the key players in the Asia Pacific Sterilization Pouches Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their Type quality is in the Asia Pacific Sterilization Pouches Market. The report also analyses if the Asia Pacific Sterilization Pouches Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, and if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Sterilization Pouches Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Sterilization Pouches Market Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Sterilization Pouches Market is aided by legal factors.
Asia Pacific Sterilization Pouches Market Scope
Market Size in 2022
USD 10.50 Mn.
Market Size in 2029
USD 14.49 Mn.
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
Asia Pacific Sterilization Pouches Market Key Players:
- Anqing Topeak Medical Co. Ltd (China)
- Anhui Golden Imp & Exp Co. Ltd (China)
- Tianchang City Guomao Plastic Industry Co. Ltd (China)
- Suzhou Sky Industrial Co. Ltd (China)
- Pradeep Surgical Dressings Pvt. Ltd. (India)
- Sri Lakshmi Enterprises (India)
- 3S Corporation (India)
- Orange India Enterprise (India)
- Amcor (Australia)
- Mondi Group (Australia)
- Wihuri (China)
- Cardinal Health (US)
- Shanghai Jianzhong Medical Equipment Packaging Co. Ltd (China)
Frequently Asked Questions
The segments covered in the Asia Pacific Sterilization Pouches Market report are based on Type, Application, and end-use.
China is expected to hold the highest share in the Sterilization Pouches Market.
The market size of the Asia Pacific Sterilization Pouches Market by 2029 is expected to reach USD 14.49 Million.
The forecast period for the Asia Pacific Sterilization Pouches Market is 2023-2029.
The market size of the Asia Pacific Sterilization Pouches Market in 2022 was valued at USD 10.50 Million.
- Scope of the Report
- Research Methodology
- Research Process
- Asia Pacific Sterilization Pouches Market: Target Audience
- Asia Pacific Sterilization Pouches Market: Primary Research (As per Client Requirement)
- Asia Pacific Sterilization Pouches Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Asia Pacific Stellar Competition Matrix
- Key Players Benchmarking: - by Type, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Asia Pacific Sterilization Pouches Market Segmentation
- Asia Pacific Sterilization Pouches Market, By Type (2022-2029)
- Sterilization Pouches
- Sterilization Wrapping
- Sterilization Containers
- Asia Pacific Sterilization Pouches Market, by Business Type (2022-2029)
- Asia Pacific Sterilization Pouches Market, By End-Use (2022-2029)
- Food & Beverages
- Household Goods
- Asia Pacific Sterilization Pouches Market, by Country (2022-2029)
- Rest of Asia Pacific
- Asia Pacific Sterilization Pouches Market, By Type (2022-2029)
- Company Profiles
- Key Players
- Company Overview
- Type Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Anqing Topeak Medical Co. Ltd
- Anhui Golden Imp & Exp Co. Ltd
- Tianchang City Guomao Plastic Industry Co. Ltd
- Suzhou Sky Industrial Co. Ltd
- Pradeep Surgical Dressings Pvt. Ltd.
- Sri Lakshmi Enterprises
- 3S Corporation
- Orange India Enterprise
- Mondi Group
- Cardinal Health
- Shanghai Jianzhong Medical Equipment Packaging Co. Ltd
- Key Players
- Key Findings