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Ophthalmic Packaging Market Trends, Top Companies, Share, Growth And Forecast 2033
Ophthalmic Packaging Market
As per the report, the ophthalmic packaging market size has grown rapidly in recent years. It will grow from $8.67 billion in 2023 to $9.91 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The ophthalmic packaging market size is expected to see rapid growth in the next few years. It will grow to $17.07 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%.
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Rising Eye Disorder Cases Harnessing The Ophthalmic Packaging Market
The increasing number of eye disorder cases is expected to propel the growth of the ophthalmic packaging market going forward. Eye disorders refer to medical conditions that affect the normal functioning of the eye, leading to impaired vision or other visual abnormalities. The increase in eye disorders can be attributed to aging populations, lifestyle changes, environmental factors, and increased screen time. Ophthalmic packaging ensures the safe and sterile delivery of medications and medical devices used to treat eye disorders, safeguarding patient health and well-being while controlling contamination risks and ensuring accurate dosing during treatment. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based vital public health agency, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, an increasing number of eye disorder cases drives the ophthalmic packaging market.
Strategic Partnerships Enhance Safety And Innovation In The Ophthalmic Packaging Market
Major companies operating in the ophthalmic packaging market are focused on forming strategic partnerships to gain a competitive edge in the market. The strategic partnerships enable companies in the ophthalmic packaging market to leverage synergies, access new opportunities, mitigate risks, and enhance their competitive position in the industry. For instance, in March 2022, Berry Plastics Group Inc., a US-based manufacturer of plastic packaging products, partnered with Pylote, a US-based industrial mineral chemistry specialist company, to launch a unique multidose ophthalmic dropper that combines high barrier properties with antimicrobial technology. The product aims to provide enhanced protection against microbial infections, including viruses and bacteria such as adenovirus type 3, E. coli, and S. aureus. Additionally, the dropper reduces plastic waste compared to monodose solutions and maintains compliance with biocompatibility standards.
The ophthalmic packaging market covered in this report is segmented -
1) By Dose: Multi-Dose, Single Dose
2) By Material: Glass, Plastic, Other Material
3) By End-Use: Over the Counter (OTC), Prescription
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Major companies operating in the ophthalmic packaging market are Amcor Ltd., Berry Global Inc., Corning Incorporated, ZEISS Group, Eurofins Scientific, Huhtamaki Group, AptarGroup Inc., Recipharm Ab, West Pharmaceutical Services Inc., Gerresheimer AG, Stevanato Group, Schott AG, Nolato AB, Nipro Corporation, Stölzle Glass Group, SGD Pharma, Bormioli Pharma SpA, Bilcare Limited, Shaily Engineering Plastics Ltd, Adelphi Healthcare Packaging, Comar LLC, Heinz Glas GmbH, URSATEC GmbH, Antilla Inc, Shandong Medicinal Glass Co. Ltd.
Contents of the report:
1. Executive Summary
2. Ophthalmic Packaging Market Report Structure
3. Ophthalmic Packaging Market Trends And Strategies
4. Ophthalmic Packaging Market - Macro Economic Scenario
5. Ophthalmic Packaging Market Size And Growth
…..
27. Ophthalmic Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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