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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.

05-17-2024 06:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Ophthalmic Packaging Market is Likely to Increase at

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.

To Request a Sample of our Report on Ophthalmic Packaging Market:  https://www.omrglobal.com/request-sample/ophthalmic-packaging-market

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.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ophthalmic-packaging-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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