How big is the ophthalmic packaging market?

The global ophthalmic packaging market size was estimated at USD 10.5 billion in 2022 and is expected to reach USD 11.5 billion in 2023.

What is the ophthalmic packaging market growth?

The global ophthalmic packaging market is expected to grow at a compound annual growth rate of 8.4% from 2023 to 2030 to reach USD 20.3 billion by 2030.

Which segment accounted for the largest ophthalmic packaging market share?

North America dominated the ophthalmic packaging market with a share of 35.4% in 2022. This is attributable to the large consumption of plastic packaging in the region due to various advantages associated with it such as easy molding.

Who are the key players in the ophthalmic packaging market?

Some key players operating in the ophthalmic packaging market include Amcor Ltd.; West Pharmaceutical Service Inc.; Gerresheimer AG; BD; Schott AG; and Aptar Group.

What are the factors driving the ophthalmic packaging market?

Key factors that are driving the ophthalmic packaging market growth include the increasing prevalence of ocular disorders and the growing importance of brand differentiation and brand awareness in a competitive market.