A catheter product package and method of forming same in which the package comprises a sheet material (14) wrapped about the catheter product (12) to form a package for the catheter product. The confronting proximal end edges (14a), distal end edges (14b) and side edges (14c) of the sheet material are joined by a seal after the sheet material is wrapped about the catheter product to define a sealed cavity (18). The sheet material has a tear strip (20) affixed to it which causes the sheet material to tear along the tear strip. A method of forming a package for a catheter product comprises the steps of providing a sheet material for the package and placing the catheter product on the sheet material. It also includes affixing a tear strip to the sheet material and wrapping the sheet material around the catheter product. Further, the method includes the step of sealing the sheet material to form a sealed cavity with the catheter product being disposed within the sealed cavity.