ID: MRFR/PNT/1624-CR | April 2022 | Region: Global | 134 pages
Impact of COVID-19 on the Global Aseptic Packaging Market
The outbreak of coronavirus in the early months of 2020 has shut the doors to businesses and organizations for uncertain time duration. This has mainly affected all the industry sectors except the pharmaceuticals. Amid the virus impact, the sterile and antiviral packaging solutions in aseptic packaging market are providing continuous support playing vital role during this uncertain situation in the world. The negative impact of conventional economic slowdown attributed to the production activity closures, supply chain disruptions, restrictions for movement, and following physical distancing guidelines. Moreover, the healthcare sector is being reporting huge demand from diagnostic tests, personal protective equipment (PPE) kits, medical ventilators, and other medicinal essentials. The rising number of corona virus-infected patients has put on pressure over the pharmaceutical industry. Pharma companies in coordination with aseptic packaging providers are actively responding to a new set of challenges. Packaging manufacturers are managing up surge in the demand for sterile formats by investing heavily in expanding their production capacity, innovation in their aseptic product portfolio including sterile & antiviral packaging, and among others. While these developments are taking place, the aseptic packaging players are expanding on their cleanroom complying with the International Organizations for Standardization (ISO) to support rapid demand for sterile formats. Furthermore, the companies are implementing strategies to expand their global footprint through several initiatives including mergers and acquisitions to fulfill the demand from pharmaceutical companies. For instance, the partnership signed between West Pharmaceutical Services- provider of injectable drug delivery solutions and SCHOTT- a primary packaging solutions. This partnership is intended to provide access to convenient, high-quality as well as easy-to-use sterile packaging solutions. Furthermore, the packaging players are adopting NO2-based sterilization method which provides minimal pressure requirements, ultra-low temperature process, low or zero cytotoxic residuals, and fast cycle times.
Owing to all above mentioned factors, it is expected to rebound the losses incurred during the lockdown by aseptic packaging market and projected to grow at rapid pace after the second quarter of 2021, post outbreak.