Ophthalmic Packaging Trends and Forecast
The future of the global ophthalmic packaging market looks promising with opportunities in the glass and plastic markets. The global ophthalmic packaging market is expected to reach an estimated $17.0 billion by 2030 with a CAGR of 11.7% from 2024 to 2030. The major drivers for this market are the increasing need for brand distinction and improvement in a fiercely competitive market, the growing frequency of ophthalmic disorders such as dry eye and conjunctivitis, and rising requirement to follow new legal standards on the recycling of packaging materials.Ophthalmic Packaging by Segment
The study includes a forecast for the global ophthalmic packaging by type, dose, material, and region.Ophthalmic Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]
- OTC
- Prescription
Ophthalmic Packaging Market by Dose [Shipment Analysis by Value from 2018 to 2030]
- Single Dose
- Multi Dose
Ophthalmic Packaging Market by Material [Shipment Analysis by Value from 2018 to 2030]
- Glass
- Plastic
- Others
Ophthalmic Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Ophthalmic Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ophthalmic packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ophthalmic packaging companies profiled in this report include-- Amcor
- West Pharmaceutical Services
- Gerresheimer
- SCHOTT
- AptarGroup
- Akorn
- Johnson & Johnson Vision
- Mitotech
- Bausch & Lomb
- AERIE pharmaceuticals
Ophthalmic Packaging Market Insights
The publisher forecasts that prescription will remain the larger segment over the forecast period due to its widespread usage as a first-line therapy, as well as the world's growing population of elderly people and enhanced drug delivery techniques.North America will remain the largest region over the forecast period due to the rising prevalence of ocular disorders, the growing export of ophthalmic products, increasing investment in R&D specific to the ophthalmic field in the region.
Features of the Global Ophthalmic Packaging Market
- Market Size Estimates: Ophthalmic packaging market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Ophthalmic packaging market size by type, dose, material, and region in terms of value ($B).
- Regional Analysis: Ophthalmic packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, dose, material, and regions for the ophthalmic packaging market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ophthalmic packaging market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the ophthalmic packaging market size?Answer: The global ophthalmic packaging market is expected to reach an estimated $17.0 billion by 2030.
Q2. What is the growth forecast for ophthalmic packaging market?
Answer: The global ophthalmic packaging market is expected to grow with a CAGR of 11.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the ophthalmic packaging market?
Answer: The major drivers for this market are the increasing need for brand distinction and improvement in a fiercely competitive market, the growing frequency of ophthalmic disorders such as dry eye and conjunctivitis, and rising requirement to follow new legal standards on the recycling of packaging materials.
Q4. What are the major segments for ophthalmic packaging market?
Answer: The future of the global ophthalmic packaging market looks promising with opportunities in the glass and plastic markets.
Q5. Who are the key ophthalmic packaging market companies?
Answer: Some of the key ophthalmic packaging companies are as follows:
- Amcor
- West Pharmaceutical Services
- Gerresheimer
- SCHOTT
- AptarGroup
- Akorn
- Johnson & Johnson Vision
- Mitotech
- Bausch & Lomb
- AERIE pharmaceuticals
Answer: The publisher forecasts that prescription will remain the larger segment over the forecast period due to its widespread usage as a first-line therapy, as well as the world's growing population of elderly people and enhanced drug delivery techniques.
Q7. In ophthalmic packaging market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rising prevalence of ocular disorders, the growing export of ophthalmic products, increasing investment in R&D specific to the ophthalmic field in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ophthalmic packaging market by type (OTC and prescription), dose (single dose and multi dose), material (glass, plastic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Ophthalmic Packaging Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amcor
- West Pharmaceutical Services
- Gerresheimer
- SCHOTT
- AptarGroup
- Akorn
- Johnson & Johnson Vision
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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