What Is The Current and Historic Market Size Analysis Of The Ophthalmic Packaging Market?
The ophthalmic packaging market has seen considerable growth due to a variety of factors.
• The ophthalmic packaging market has experienced rapid growth. It is set to grow from $9.91 billion in 2024 to $11.38 billion in 2025, at a compound annual growth rate (CAGR) of 14.8%.
The past growth is driven by the increasing prevalence of eye disorders, a growing aging population, higher healthcare spending, stricter packaging and labeling regulations, and ongoing market expansion initiatives.
What are the Market Size and Expected Growth Rates for the Ophthalmic Packaging Market?
The ophthalmic packaging market is expected to maintain its strong growth trajectory in upcoming years.
• The ophthalmic packaging market is forecasted to grow to $19.52 billion by 2029, at a CAGR of 14.4%.
This growth can be attributed to the rise in demand for contact lenses, specialty drugs, expanding healthcare infrastructure, growing consumer awareness about eye health, and an increasing number of eye care hospitals. Trends in this market include smart packaging, anti-counterfeiting measures, automation in packaging, compact and lightweight packaging designs, and integration of digital elements.
Which Key Drivers Are Propelling The Ophthalmic Packaging Market's Growth?
The growth of the ophthalmic packaging market is likely to be spurred by the rising incidence of eye disorders. These are medical conditions that interfere with the normal functions of the eyes, resulting in impaired vision or other problems related to vision. Factors such as aging populations, changes in lifestyle, environmental influences, and extended screen time can be attributed to the increase in eye disorders. Ophthalmic packaging plays a crucial role in ensuring the delivery of sterile, safe medications and medical appliances used in treating eye disorders. This not only protects the health and well-being of patients but also minimizes risks of contamination and guarantees accurate dosage during treatment. For example, data from the Centers for Disease Control and Prevention revealed that over 3.4 million Americans aged 40 and above were either blind or suffered from visual impairment in January 2024, a number expected to double by 2030. Hence, the uptick in eye disorder cases is driving the growth of the ophthalmic packaging market.
What Are The Key Segments Within The Global Ophthalmic Packaging Market?
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
Subsegments:
1) By Multi-Dose: Preserved Multi-Dose Packaging, Multi-Dose Bottles With Dropper Systems
2) By Single Dose: Single-Dose Vials, Pre-Filled Single-Dose Containers
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How Are New Trends Impacting The Size Of The Ophthalmic Packaging Market?
In order to gain a competitive advantage, major firms in the ophthalmic packaging industry are concentrating on forming tactical alliances. These alliances allow companies in the sector to capitalize on synergies, explore new avenues, mitigate risks, and strengthen their competitiveness. For example, in March 2022, Berry Plastics Group Inc., a manufacturer of plastic packaging products in the US, collaborated with Pylote, a US-based company specializing in industrial mineral chemistry. The result of this collaboration was a one-of-a-kind multidose ophthalmic dropper incorporating high barrier capabilities with antimicrobial technology. The product is designed to offer superior protection against microbial contamination, such as viruses and bacteria like adenovirus type 3, E. coli, and S. aureus. In addition, the dropper helps reduce plastic waste as compared to single-dose options, while still adhering to biocompatibility standards.
Who Are the Key Players In The Ophthalmic Packaging Market?
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.
What Are The Regional Insights Into The Ophthalmic Packaging Market?
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.
