The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Rapid Market Expansion

• Market Size: The ophthalmic packaging market grew from $8.67 billion in 2023 to $9.91 billion in 2024, with a CAGR of 14.3%.
• Historic Growth Drivers:
  • Increased prevalence of eye disorders.
  • Aging population demographics.
  • Higher healthcare expenditure.
  • Stringent packaging regulations.
  • Market expansion initiatives by key players.

Forecasted Market Growth

• Projected Size: Expected to reach $17.07 billion by 2028, with a CAGR of 14.6%.
• Future Growth Factors:
  • Rising adoption of contact lenses and vision correction devices.
  • Increasing use of specialty drugs.
  • Expansion of healthcare infrastructure.
  • Growing consumer awareness about eye health.
  • More eye healthcare hospitals and clinics.

View More On The Ophthalmic Packaging Market Report 2024 – https://www.thebusinessresearchcompany.com/report/ophthalmic-packaging-global-market-report

Emerging Trends

• Smart Packaging: Adoption of technologies for enhanced functionality.
• Anti-Counterfeiting: Incorporation of measures to prevent fake products.
• Automation and Robotics: Streamlining packaging processes.
• Compact Designs: Development of lightweight and space-saving packaging.
• Digital Integration: Adding digital elements for better user interaction.

Rising Eye Disorder Cases Driving Market Growth

Increasing Eye Disorders

• Causes: Aging, lifestyle changes, environmental factors, and screen time.
• Impact: Growing need for safe and sterile delivery of eye medications and devices.
• Statistics: Over 3.4 million Americans aged 40+ are blind or visually impaired, with numbers expected to double by 2030.

Importance of Ophthalmic Packaging

• Functions: Ensures safety, sterility, accurate dosing, and reduces contamination risks.
• Example: CDC report highlights the need for better ophthalmic solutions to cater to the rising number of visually impaired individuals.

Major Players in the Market

Key Companies

• Notable Names: Amcor Ltd., Berry Global Inc., Corning Incorporated, ZEISS Group, and more.
• Diverse Expertise: Companies range from plastic packaging manufacturers to specialized optics packaging firms.

Strategic Partnerships Enhancing Market Competitiveness

Forming Alliances

• Purpose: Leverage synergies, access new opportunities, and mitigate risks.
• Example:
  • Berry Plastics Group & Pylote: In March 2022, launched a multidose ophthalmic dropper with antimicrobial technology, reducing infections and plastic waste.

Market Expansion Through Acquisitions

Expanding Product Range

• Conductive Containers Inc. Acquisition: In November 2023, acquired Crestline Plastics Inc. to broaden product offerings in static control packaging.
• Crestline’s Expertise: Specializes in custom thermoformed packaging for optical components.

Segmentation of the Ophthalmic Packaging Market

By Dose

• Multi-Dose
• Single Dose

By Material

• Glass
• Plastic
• Other Materials

By End-Use

• Over the Counter (OTC)
• Prescription

Regional Insights

Leading Regions

• North America: Largest market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

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