Ophthalmic packaging market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031). The ophthalmic packaging market covers the packaging solution for packaging of eye drops, injection and other ophthalmic products. The development of innovative packaging materials, the growing requirement to follow new legal standards on recycling packaging materials, and the growing need for brand enhancement and distinction in a highly competitive environment all contribute to the market's growth.

Market Dynamics

Growing technological developments are fueling demand

Increasing awareness about eye care and growing technological developments are fueling demand for drug delivery devices, positively influencing market growth. Leading companies in the packaging sector ensure product safety and sterility throughout their lifecycle by designing and manufacturing solutions that protect them from contamination and damage.The market for ophthalmology packaging is experiencing significant personalization and customization, with designs made to fit certain brands, products, or customers. With features like single-dose packaging, easy-open designs, and ergonomic dispensers enhancing use and compliance, innovations in ophthalmic packaging prioritize patient convenience.

A rising demand for drug delivery

Consumers can find information of the product and equipment, including ingredients, dosage guidelines, expiration dates, and regulatory information, on ophthalmic packaging.The term drug delivery describes a variety of strategies, mechanisms, technologies, and formulations used to safely deliver pharmaceutical chemicals to the appropriate location in the body at the appropriate time to have the intended therapeutic effect. Some of the main drivers driving the demand for drug delivery devices include the growing prevalence of eye ailments, the speed at which technology is developing, the expanding use of customized therapies, and the growing awareness of the importance of eye care. All of these factors are positively affecting the growth of the drug delivery device market.

Market Segmentation

Our in-depth analysis of the global ophthalmic packaging market includes the following segments by material, product type, and application:

• Based on material, the market is sub-segmented into plastic, metal and glass.

• Based on product type, the market is sub-segmented into bottles & vials, blister packs, ampoules and squeezable tubes.

• Based on application, the market is sub-segmented into prescription medication, OTC products and medical devices.

Squeezable Tubes is Projected to Emerge as the Largest Segment

Customized squeezable tubesgive businesses a competitive advantage over rivals in the market and aid in their expansion. Plastic packaging with striking sizes and shapes is giving manufacturers new business prospects. Manufacturers of tamper-evident systems and HDPE materials are increasing their output capacities. Prior to inventing new ophthalmic packaging options, increased flow control, drug compatibility, and barrier qualities are taken into consideration.

Since pharmaceutical packaging is subject to stringent regulations worldwide, including as ISO 13485 and FDA requirements, the ophthalmic packaging industry is always changing. Packaging designs for squeezable tubes are expected to take into account a variety of regulatory settings, cultural preferences, and logistical issues as their distribution and use expand globally.

Plastic Sub-segment to Hold a Considerable Market Share

The primary factors driving the plastic segment include its lighter weight, affordability, and ease of use. Some eye drops and other ophthalmic treatments come in dispensers made completely of plastic. Low-density polyethylene (LDPE) resin is utilized to make the majority of the plastic bottles and dispensing tips used for this purpose. The cap is made of harder polymers, like polyethylene or polypropylene. Important clinical benefits of LDPE include inertness, flexibility, and a lower risk of contamination. Furthermore, LDPE is compatible with a wide range of resins and formulation chemicals which is apt for packaging of ophthalmic products. 

Regional Outlook

The global ophthalmic packaging market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America). 

Asia-Pacific countries to invest more in ophthalmic packaging

• Innovation in packaging materials, manufacturing courses, and printing technologies fuels the Asia-Pacific market, with research & development to improve product safety and convenience.

• Japan is experiencing higher market demand due to rise in healthcare expenditure, geriatric population, and increased awareness about eye health.

Global Ophthalmic Packaging Market Growth by Region 2024-2031

North America Holds Major Market Share

The aging population, increased prevalence of eye diseases, and quick advancements in eye care technologies are all contributing to the high share of the regional market. Easy availability of primary packaging solutions such as vials, bottles, and tubes, as well as secondary packaging such as cartons, boxes, labels, and inserts is further aiding to the regional market growth. In the competitive US market, businesses are attempting to set themselves apart by innovation, customer service, regulatory compliance, and high-quality products.

Furthermore, it is anticipated that many factors, including changes in healthcare trends, demographics, reimbursement policies, and technology advancements, would impact market dynamics in the US. Businesses and major manufacturers in the nation are implementing a variety of growth strategies in order to remain competitive and satisfy evolving patient and customer demands.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global ophthalmic packaging market include Amcor Group GmbH, West Pharmaceutical Services, Inc., Gerresheimer AG, SCHOTT AG, AptarGroup, Inc. and Akorn, Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2023, Gerresheimer and Corning announced a joint venture to meet growing demand for Velocity Vials, accelerating the delivery of lifesaving treatments. This model has improved the fill-finish productivity and enhance product quality, lowered the manufacturing costs and speed-up the delivery of injectable therapies.

The Report Covers

• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global ophthalmic packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.