Ophthalmic Packaging Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Amcor Group GmbH, West Pharmaceutical Services, Inc., Gerresheimer AG, SCHOTT AG, AptarGroup, Inc.

Global ophthalmic packaging market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031).The rising prevalence of eye disorders and illnesses, such as cataracts, glaucoma, and age-related macular degeneration have created the need for ophthalmic products. This raises the need for specialized packaging to ensure the efficacy and security of these products. According to the CDC, in the US, 3 million people have uncorrected refractive errors causing visual impairment, 8 million have corrected eyesight causing visual impairment, and 1 million persons who are 40 years of age or older are blind. 6.8% of children under the age of 18 have a medical diagnosis of an eye or visual issue. Less than 18 years old makes up about 3.0% of the population who are blind or visually impaired defined as having vision impairments even while wearing glasses or contact lenses. Thus, it is expected that throughout the projected period, the growing incidence of eye problems will drive market expansion.

For instance, in August 2023, Amcor announced the acquisition of Phoenix Flexibles, to expandscalable flexible packaging plant in high-growth Indian market. The addition of Phoenix Flexibles has capitalized and strategically located production facility will immediately increase Amcor's capacity to satisfy continued high demand and drive strong returns for shareholders. The acquisition has added advanced film technology, enabling local production of a broader range of more sustainable packaging solutions, and brings capabilities allowing Amcor to expand its product offering in attractive high-value segments.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Material
By Product Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Amcor Group GmbH, West Pharmaceutical Services, Inc., Gerresheimer AG, SCHOTT AG, AptarGroup, Inc. and Akorn, Inc., among others.

Ophthalmic Packaging Market Report Segment

By Material

Plastic
Metal
Glass

By Product Type

Bottles & Vials
Blister Packs
Ampoules
Squeezable Tubes

By Application

Prescription Medication
OTC Products
Medical Devices

A full Report of Ophthalmic Packaging Market is Available @  https://www.omrglobal.com/industry-reports/ophthalmic-packaging-market

Ophthalmic Packaging Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Aerie Pharmaceuticals, Inc.
Akorn Inc.
Alcon
Allergan Plc
AptarGroup Inc.
Bausch & Lomb Inc.
Bayer AG
Hoffmann-La Roche Ltd.
Johnson & Johnson Vision
Merck Sharp & Dohme Corp.
Mitotech SA
Novartis AG
Santen Pharmaceutical Co.
SCHOTT AG
Teva Pharmaceutical Industries Ltd.

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