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%. The growth in the forecast period can be attributed to the increasing adoption of contact lenses and other vision correction devices, increasing adoption of specialty drugs, expansion of healthcare infrastructure, increasing consumer awareness regarding eye health, and a growing number of eye healthcare hospitals and clinics. Major trends in the forecast period include the adoption of smart packaging technologies, incorporation of anti-counterfeiting measures, adoption of automation and robotics in packaging processes, development of compact and lightweight packaging formats, and integration of digital elements.
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Scope Of Ophthalmic Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ophthalmic Packaging Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
North America was the largest region in the ophthalmic packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ophthalmic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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.
Table of Contents
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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