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 growth in the historic period can be attributed to the demographic shifts towards an older population, growing prevalence of eye disorders, stringent regulations governing the packaging and labeling of ophthalmic products, increased healthcare expenditure, and market expansion initiatives.
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 expected during the forecast period can be linked to several factors, including the rising acceptance of contact lenses and vision correction devices, the increased use of specialized medications, the expansion of healthcare facilities, heightened public consciousness regarding eye wellness, and the proliferation of eye healthcare centers and clinics. Notable trends anticipated in this period involve the uptake of intelligent packaging systems, integration of anti-counterfeiting safeguards, implementation of automation and robotics in packaging procedures, creation of smaller and lighter packaging designs, and the infusion of digital components.
The surge in cases of eye disorders is anticipated to drive the expansion of the ophthalmic packaging market in the future. Eye disorders encompass various medical conditions affecting the eye's normal function, leading to vision impairments or other visual irregularities. This rise in eye disorders can be linked to factors such as aging demographics, shifts in lifestyle habits, environmental influences, and heightened screen time. Ophthalmic packaging plays a critical role in ensuring the safe and sterile delivery of medications and medical tools used for treating eye disorders. It not only preserves patient health and well-being but also mitigates contamination risks and ensures precise dosing accuracy throughout treatment. For instance, as reported by the Centers for Disease Control and Prevention in January 2024, over 3.4 million Americans aged 40 years and above were either blind or visually impaired, with projections indicating a doubling of this figure by 2030. Hence, the escalating incidence of eye disorders acts as a catalyst for the growth of the ophthalmic packaging market.
Major players in the ophthalmic packaging sector are actively engaging in strategic collaborations to gain a competitive advantage. These partnerships empower companies to harness synergies, explore new avenues, mitigate risks, and fortify their market position. For example, in March 2022, Berry Plastics Group Inc., a prominent US-based plastic packaging manufacturer, joined forces with Pylote, a US-based specialist in industrial mineral chemistry. Together, they introduced an innovative multidose ophthalmic dropper featuring robust barrier properties and antimicrobial technology. This product aims to offer heightened protection against microbial infections, including viruses and bacteria such as adenovirus type 3, E. coli, and S. aureus. Furthermore, it reduces plastic waste compared to single-dose alternatives while adhering to stringent biocompatibility standards.
In November 2023, Conductive Containers Inc., a US-based producer of electrostatic discharge (ESD) packaging solutions, acquired Crestline Plastics Inc., the financial terms of which remain undisclosed. This acquisition is intended to expand Conductive Containers' array of products and its manufacturing capabilities in static control packaging. By capitalizing on Crestline Plastics' proficiency in plastic enclosures and optic lens inserts, Conductive Containers aims to strengthen its position in the market. Crestline Plastics Inc., based in the US, specializes in optics packaging and produces tailored thermoformed packaging solutions for optical components.
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.
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.
The countries covered in the ophthalmic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Ophthalmic packaging refers to the specialized materials and containers utilized to store, transport, and safeguard ophthalmic products such as eye drops, ointments, contact lenses, and surgical instruments. These packaging solutions are tailored to ensure the safety, sterility, and integrity of the enclosed ophthalmic items, while also emphasizing user convenience and adherence to usage guidelines.
The types of ophthalmic packaging encompass multi-dose and single-dose formats. Multi-dose packaging involves containers intended to hold multiple doses of ophthalmic medications or treatments in one unit, utilizing materials such as glass and others. These packages are available to end-users both over the counter (OTC) and via prescription.
The ophthalmic packaging market research report is one of a series of new reports that provides ophthalmic packaging market statistics, including the ophthalmic packaging industry global market size, regional shares, competitors with ophthalmic packaging market share, detailed ophthalmic packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the ophthalmic packaging industry. These ophthalmic packaging market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ophthalmic packaging market consists of sales of pouches for packaging, dropper bottles, and foils. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 expected during the forecast period can be linked to several factors, including the rising acceptance of contact lenses and vision correction devices, the increased use of specialized medications, the expansion of healthcare facilities, heightened public consciousness regarding eye wellness, and the proliferation of eye healthcare centers and clinics. Notable trends anticipated in this period involve the uptake of intelligent packaging systems, integration of anti-counterfeiting safeguards, implementation of automation and robotics in packaging procedures, creation of smaller and lighter packaging designs, and the infusion of digital components.
The surge in cases of eye disorders is anticipated to drive the expansion of the ophthalmic packaging market in the future. Eye disorders encompass various medical conditions affecting the eye's normal function, leading to vision impairments or other visual irregularities. This rise in eye disorders can be linked to factors such as aging demographics, shifts in lifestyle habits, environmental influences, and heightened screen time. Ophthalmic packaging plays a critical role in ensuring the safe and sterile delivery of medications and medical tools used for treating eye disorders. It not only preserves patient health and well-being but also mitigates contamination risks and ensures precise dosing accuracy throughout treatment. For instance, as reported by the Centers for Disease Control and Prevention in January 2024, over 3.4 million Americans aged 40 years and above were either blind or visually impaired, with projections indicating a doubling of this figure by 2030. Hence, the escalating incidence of eye disorders acts as a catalyst for the growth of the ophthalmic packaging market.
Major players in the ophthalmic packaging sector are actively engaging in strategic collaborations to gain a competitive advantage. These partnerships empower companies to harness synergies, explore new avenues, mitigate risks, and fortify their market position. For example, in March 2022, Berry Plastics Group Inc., a prominent US-based plastic packaging manufacturer, joined forces with Pylote, a US-based specialist in industrial mineral chemistry. Together, they introduced an innovative multidose ophthalmic dropper featuring robust barrier properties and antimicrobial technology. This product aims to offer heightened protection against microbial infections, including viruses and bacteria such as adenovirus type 3, E. coli, and S. aureus. Furthermore, it reduces plastic waste compared to single-dose alternatives while adhering to stringent biocompatibility standards.
In November 2023, Conductive Containers Inc., a US-based producer of electrostatic discharge (ESD) packaging solutions, acquired Crestline Plastics Inc., the financial terms of which remain undisclosed. This acquisition is intended to expand Conductive Containers' array of products and its manufacturing capabilities in static control packaging. By capitalizing on Crestline Plastics' proficiency in plastic enclosures and optic lens inserts, Conductive Containers aims to strengthen its position in the market. Crestline Plastics Inc., based in the US, specializes in optics packaging and produces tailored thermoformed packaging solutions for optical components.
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.
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.
The countries covered in the ophthalmic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Ophthalmic packaging refers to the specialized materials and containers utilized to store, transport, and safeguard ophthalmic products such as eye drops, ointments, contact lenses, and surgical instruments. These packaging solutions are tailored to ensure the safety, sterility, and integrity of the enclosed ophthalmic items, while also emphasizing user convenience and adherence to usage guidelines.
The types of ophthalmic packaging encompass multi-dose and single-dose formats. Multi-dose packaging involves containers intended to hold multiple doses of ophthalmic medications or treatments in one unit, utilizing materials such as glass and others. These packages are available to end-users both over the counter (OTC) and via prescription.
The ophthalmic packaging market research report is one of a series of new reports that provides ophthalmic packaging market statistics, including the ophthalmic packaging industry global market size, regional shares, competitors with ophthalmic packaging market share, detailed ophthalmic packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the ophthalmic packaging industry. These ophthalmic packaging market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ophthalmic packaging market consists of sales of pouches for packaging, dropper bottles, and foils. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Ophthalmic Packaging Market Characteristics3. Ophthalmic Packaging Market Trends And Strategies32. Global Ophthalmic Packaging Market Competitive Benchmarking33. Global Ophthalmic Packaging Market Competitive Dashboard34. Key Mergers And Acquisitions In The Ophthalmic Packaging Market
4. Ophthalmic Packaging Market - Macro Economic Scenario
5. Global Ophthalmic Packaging Market Size and Growth
6. Ophthalmic Packaging Market Segmentation
7. Ophthalmic Packaging Market Regional And Country Analysis
8. Asia-Pacific Ophthalmic Packaging Market
9. China Ophthalmic Packaging Market
10. India Ophthalmic Packaging Market
11. Japan Ophthalmic Packaging Market
12. Australia Ophthalmic Packaging Market
13. Indonesia Ophthalmic Packaging Market
14. South Korea Ophthalmic Packaging Market
15. Western Europe Ophthalmic Packaging Market
16. UK Ophthalmic Packaging Market
17. Germany Ophthalmic Packaging Market
18. France Ophthalmic Packaging Market
19. Italy Ophthalmic Packaging Market
20. Spain Ophthalmic Packaging Market
21. Eastern Europe Ophthalmic Packaging Market
22. Russia Ophthalmic Packaging Market
23. North America Ophthalmic Packaging Market
24. USA Ophthalmic Packaging Market
25. Canada Ophthalmic Packaging Market
26. South America Ophthalmic Packaging Market
27. Brazil Ophthalmic Packaging Market
28. Middle East Ophthalmic Packaging Market
29. Africa Ophthalmic Packaging Market
30. Ophthalmic Packaging Market Competitive Landscape And Company Profiles
31. Ophthalmic Packaging Market Other Major And Innovative Companies
35. Ophthalmic Packaging Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Ophthalmic Packaging Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on ophthalmic packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
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- Identify growth segments for investment.
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for ophthalmic packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ophthalmic packaging market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Dose: Multi-Dose; Single Dose2) By Material: Glass; Plastic; Other Material
3) By End-Use: Over the Counter (OTC); Prescription
Key Companies Mentioned: Amcor Ltd.; Berry Global Inc.; Corning Incorporated; ZEISS Group; Eurofins Scientific
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Methodology
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