Global ophthalmic packaging market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031).The rising prevalence of eye disorders and illnesses, such as cataracts, glaucoma, and age-related macular degeneration have created the need for ophthalmic products. This raises the need for specialized packaging to ensure the efficacy and security of these products. According to the CDC, in the US, 3 million people have uncorrected refractive errors causing visual impairment, 8 million have corrected eyesight causing visual impairment, and 1 million persons who are 40 years of age or older are blind. 6.8% of children under the age of 18 have a medical diagnosis of an eye or visual issue. Less than 18 years old makes up about 3.0% of the population who are blind or visually impaireddefined as having vision impairments even while wearing glasses or contact lenses. Thus, it is expected that throughout the projected period, the growing incidence of eye problems will drive market expansion.
Browse the full report description of “Ophthalmic Packaging Market Size, Share & Trends Analysis Report by Material (Plastic, Metal and Glass), by Product Type (Bottles & Vials, Blister Packs, Ampoules and Squeezable Tubes), and by Application (Prescription Medication, OTC Products and Medical Devices) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ophthalmic-packaging-market
Looking towards the growing demand for ophthalmic packaging, key players are expanding their packaging plants.
For instance, in August 2023, Amcor announced the acquisition of Phoenix Flexibles, to expandscalable flexible packaging plant in high-growth Indian market. The addition of Phoenix Flexibles has capitalized and strategically located production facility will immediately increase Amcor’s capacity to satisfy continued high demand and drive strong returns for shareholders. The acquisition has added advanced film technology, enabling local production of a broader range of more sustainable packaging solutions, and brings capabilities allowing Amcor to expand its product offering in attractive high-value segments.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesAmcor Group GmbH, West Pharmaceutical Services, Inc., Gerresheimer AG, SCHOTT AG, AptarGroup, Inc. and Akorn, Inc.,among others.
Key questions addressed by the report.
Global Ophthalmic Packaging Market Report Segment
By Material
By Product Type
By Application
Global Ophthalmic Packaging Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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