Adelphi Group, APG Pharma, SciLabware Ltd., West Pharmaceutical Services, Inc., VWR International, LLC., DWK Life Sciences Inc. (Wheaton Industries),, and others are some of the leading players in the prominent sterile rubber stopper market. South Asia is expected to account for a significant share in the global sterile rubber stopper market from 2022 to 2032
NEWARK, Del, Aug. 02, 2022 (GLOBE NEWSWIRE) -- The global sterile rubber stopper market is expected to reach US$ 2.1 Bn in 2022. The sterile rubber stopper market is anticipated to reach an estimated value of US$ 3.5 Bn by the end of 2032 while exhibiting a positive CAGR range of 6% to 7% over the assessment period of 2022 to 2032. An increase in the use of packaging solutions like bottles, vials, and others in the medical and pharmaceutical industry verticals is expected to fuel market growth for sterile rubber stoppers.
Sterile rubber stoppers are a type of closure used to provide strong and contaminant-free seals to medical and pharmaceutical containers such as bottles, vials, ampoules, and others. These stoppers are lightweight seal options composed of materials like EPDM, butyl rubber, chlorobutyl, bromobutyl, natural rubber, nitrile, and silicon. Sterile rubber stoppers make an excellent seal and provide a strong barrier against gases, ultraviolet rays, and moisture among others. This will likely foster an environment of growth for the sterile rubber stopper market.
Various organizations across the world are implementing stringent standards for sterilization of non-contaminated and safe drug delivery. In order to meet these standards, major market players are increasingly adopting sterilization processes such as autoclaving and gamma irradiation during the manufacturing of new sterile rubber stoppers. Thus, the introduction of new sterilization standards is expected to bode well for the market economy.
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However, the implementation of strict environmental regulations, pertaining to the use of Teflon coatings on sterile rubber stoppers as it has an adverse impact on the environment, is expected to impede the global sterile rubber stopper market. Other factors likely to hinder market growth are the growing volatility in the cost of raw materials and the increasing availability of closures alternatives.
Introduction of novel sterilization standards and norms to boost market prospects.
Strict environmental regulations and the availability of alternatives might impede market growth.
South Asia is expected to present attractive market opportunities over the forecast period.
Expanding medical and pharmaceutical sectors in India, China, and South Korea are expected to bolster market growth.
The sterile rubber stopper market in North America is predicted to grow at a rapid CAGR over the assessment period.
“Rising adoption of sterile rubber stoppers across multiple sectors due to its excellent barrier properties against external stimuli is expected to facilitate the sales of sterile rubber stoppers in the global market for the forecast period,” says an FMI analyst.
Adelphi Group, APG Pharma, SciLabware Ltd., West Pharmaceutical Services, Inc., VWR International, LLC., and DWK Life Sciences Inc. (Wheaton Industries), among others are some of the major players in the sterile rubber stopper market that are profiled in the full version of the report.
In a highly competitive market, major sterile rubber stopper market players are focused on employing tactics like partnerships, collaborations, mergers, and acquisitions. These businesses are intent on releasing new and innovative products to expand their product portfolio and gain a competitive advantage.
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More Insights into the Sterile Rubber Stopper Market Report
In its latest report, FMI offers an unbiased analysis of the global sterile rubber stopper market, providing historical data from 2015 to 2020 and forecast statistics for the period 2022 to 2032.
To understand the global market potential, growth, and scope, the market is segmented based on product type (sleeve stopper, straight plug stopper, snap on stopper, conical stopper, 3-Leg stopper), application (injection stopper, infusion stopper, lyophilization stopper, pharmaceutical disc) material (butyl rubber, chlorobutyl, bromobutyl, EPDM, natural rubber, nitrile, silicon), coating (B2 coating, flurotech & teflon coating), sterilization technology (autoclavable, gamma irradiation), diameter size (13 mm, 20 mm, 28 mm, 32 mm), end use (pharmaceutical, medical & healthcare, chemical, research and development) and region.
Key Segments Profiled in the Sterile Rubber Stopper Market Survey
According to the latest FMI reports, based on regional growth, South Asia is anticipated to hold a significant share of the sterile rubber stopper market over the forecast period of 2022-2032. The increasing burden of health issues is aiding the expansion of the medical and pharmaceutical sector in Asian countries like India, China, and South Korea. The resulting increase in the production of novel drugs and bionics has led to a surge in the sales of bottles, vials, and other pharmaceutical containers. Thus boosting the regional sterile rubber stopper market.
The sterile rubber stopper market in North America is expected to achieve significant growth over the assessment period. Primarily driven by the presence of major leading manufacturers, the region is expected to exhibit a high CAGR. Market manufacturers are focused on releasing new products into the market to cater to the rising demand. This is expected to further propel the regional market.
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2.2. Market Definition / Scope / Limitations
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Explore FMI’s Extensive Coverage on Packaging Domain
Sleeve Rubber Stoppers Market Size: Sleeve rubber stoppers market is currently valued at US$ 605 Mn in 2022 and is likely to reach US$ 1.03 Bn by 2032.
Hermetic Packaging Market Share: Hermetic packaging market is predicted to expand at a steady 4.3% CAGR, reaching a market valuation of US$ 4.7 Bn by the end of 2030, up from US$ 3.3 Bn in 2022.
Adhesive Films Market: Trends: Adhesive Films market is expected to go the linear transition way, i.e. reach US$ 96.6 by the year 2030 at a CAGR of 4.6% between 2022 and 2030.
Breathable Tape Market Value: Breathable tape market size is expected to reach US$ 8 Billion in 2032.
Grab and Go Containers Market Outlook: Grab and Go Containers Market is projected to reach a valuation of US$ 70.0 Billion in 2022, likely to surge at a vigorous 8.0% CAGR from 2022 – 2032.
Packaging Suction Cups Market Demand: Packaging suction cups market is likely to register a CAGR of 6.8% during the forecast period of 2022 to 2032.
Yorker Spouts Market Analysis: Yorker spouts market is projected to advance at a CAGR of 5% during the forecast period, 2022-2032.
Cavitated Films Market Forecast: Cavitated films market is currently valued at US$ 3.45 Mn in 2022 and is likely to reach US$ 7.45 Mn by 2032.
Spigot End Cap Market Sales: Spigot end cap market is anticipated to register a CAGR of 6.5% during the forecast period, up from US$ 35.27 Bn in 2022 to reach a valuation of US$ 66.21 Bn by 2032.
Dual Chamber Bottles Market Growth: Dual chamber bottles market is currently valued at US$ 40 Bn in 2021 and is likely to reach US$ 65 Bn by 2032.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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