With 12.0% CAGR, Ophthalmic Packaging Market Size Projected to Reach USD 22.16 Billion by 2030

Ophthalmic Packaging Market

The global ophthalmic packaging market size is expected to reach USD 22.16 billion by 2030 according to a new study by Polaris Market Research. The report “Ophthalmic Packaging Market Share, Size, Trends, Industry Analysis Report, By Dose (Single dose, Multi-dose), By Type (OTC, Prescription), By Material (Glass, Plastic, Others), By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The significant factors of the industry growth are the increasing awareness regarding the recycling wrapping materials coupled with the growing number of strategic growth developments by the industry’s leading players are propelling the product demand.

Based on material, the plastic material segment holds the largest revenue share, owing to its being cost-effective, easy to use, and lightweight. Also, LDPE is companionable with most formulation compounds and resins, which, in turn, leads to segment growth.

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

The increasing healthcare investments and growth of the pharmaceutical industries are the major driving factor for the market growth. The pharmaceutical industry is developing at a significant rate, majorly in emerging nations. Factors such as the increasing number of companies, rapid technological advancements, and developing manufacturing processes are attributed to the ophthalmic packing industry’s growth, which in turn fuels the growth of the product.

The growth is projected to be the highest in developing economies like China, India, Brazil, and Russia. In addition, increasing awareness regarding proper eye care and growing disposable income supports industry growth across these regions. The rising presence of leading players and growing population also act as a catalyzing factors for the industry growth in the forthcoming years.

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Top Market Players

Industry participants such as Amcor Ltd., Advance Packaging, Aptar Group, Bormioli Pharma, Berry Global Inc., Dakla Pack, Desco Industries Inc., Edco Supply Corporation, Gerresheimer AG, Kao Chia, MK Master, Miller packaging, Nolato AB, Pall Corporation, Polyplus Packaging, Dou Yee, Tekni-plex Inc., Schott AG, West Pharmaceutical Services Inc., and WG Pro-Manufacturing Inc. are some of the key players operating in the global industry.

Numerous key competitors are opting for various strategies to hold a significant place in the industry and enhance their business operations worldwide. For instance, in August 2021, Berry Global established its new manufacturing facility in India. This facility will facilitate the company to develop its R&D expertise scale up manufacturing in the numerous healthcare segments such as inhalation, nasal pumps, and injectable administrations.

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Polaris Market Research has segmented the ophthalmic packaging market report on the basis of dose, type, material, and region:

Ophthalmic Packaging, Dose Outlook (Revenue – USD Billion, 2018 – 2030)

  • Single-dose
  • Multi-dose

Ophthalmic Packaging, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • OTC
  • Prescription

Ophthalmic Packaging, Material Outlook (Revenue – USD Billion, 2018 – 2030)

  • Glass
  • Plastic
  • Others

About Us:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight and market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.