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The growth of End-User Industries Poised to Augment Global Sterilized Packaging Milk Market

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Summary

Global Sterilized Packaging Milk Market Size, Share, Trends, Growth, Future Scope, Analysis by Material (Plastic, Glass, and Others), by type (Trays, Bottles, Vials, and others), and by Region – Global Forecast to 2022

Sterilized Packaging Milk Market Synopsis

As per Market Research Future (MRFR)’s report, the global Sterilized Packaging Milk market is expected to scale a decent value striking a steady CAGR over the forecast period. Packaging has gained quick mileage in recent years. The developments in packaging technology are likely to unleash tremendous developmental opportunities for the market players over the next couple of years.

The growing need for preserving the integrity of pharmaceuticals is the major factor responsible for driving the growth of the Sterilized Packaging Milk market. The accelerated economic activities in the pharmaceutical industry are likely to lead the expansion of the market in the upcoming years. In addition, the industry has a penchant for innovative packaging technologies which is anticipated to motivated the market players to invest in research & development. Furthermore, other end-user industries such as food & beverage, cosmetics, etc. are presumed to contribute significantly to the development of the market over the assessment period.

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Competitive Dashboard

The major players of the global Sterilized Packaging Milk market are

Barger Packaging Inc. (U.S.)
3M (U.S.)
I. du Pont de Nemours and Company (U.S)
Amcor Limited (U.S.)
Bemis Company Inc. (U.S.)
Gerresheimer AG (Germany)
SCHOTT AG (Germany)
West Pharmaceutical Services Inc. (U.S.)
SteriPack Contract Manufacturing (U.S.)
North American Sterilization & Packaging Company (U.S.).
Industry News

In February 2019, the merging of flexible packaging innovator Rollprint Packaging Products with Ireland-based EuroFoil Teo and Singapore-based Alliantz Flexible Packaging has led to the establishment of a new company named PAXXUS. The new company is established for the supply and manufacture of flexible packaging.

In February 2019, is an FDA-registered medical packaging provider, CleanCut Technologies, has been acquired by a leading supplier of roll stock, die-cut lids, pouches and mounting cards – Oliver Healthcare Packaging.

In September 2018, a global materials science company, W. L. Gore & Associates, has announced the launch of its latest GORE STA-PURE flexible freeze containers at 2018 BioProcess International Conference and Exhibition in Boston. The sterile pouch is designed to withstand extreme temperatures without losing its integrity.

Market Segmentation

By material, the global Sterilized Packaging Milk market has been segmented into plastic, glass, and others.

By type, the Sterilized Packaging Milk market has been segmented into trays, bottles, vials, and others.

Regional Analysis

The global Sterilized Packaging Milk market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to hold the lion’s share of the global market. The economic growth of the region has led to an increase in disposable income and a rise in the standard of living. It is poised to have a favorable impact on the growth of the Sterilized Packaging Milk market in the region by increasing demand for hygiene.

North America is projected to exhibit substantial growth over the next couple of years. The expansion of the dairy sector of the region is majorly responsible for the development of the Sterilized Packaging Milk market. It is forecasted to exhibit a similar trend in the forthcoming years. The region is quick in the adoption of novel packaging technologies which is anticipated to favor the proliferation of the market across the review period. Furthermore, the rising demand from the pharmaceutical industry is also presumed to catapult the market on an upward trajectory.

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