The ophthalmic packaging industry can be categorized into plastic, glass, and others. Glass segment is expected to hold the largest market share over the forecast period owing to the increasing use of glass containers for powders. Heat transfer properties of glass make it suitable for freeze-drying procedures in laboratories. In addition, the growing adoption of glass material for packaging ophthalmic drugs that are incompatible with plastic is driving the segment’s growth. Glass is chemically strong, inactive, water-resistant, and economically viable.
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Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and the Middle East, and Africa. North America is dominating the market in terms of revenue owing to the presence of established R&D facilities in the region. Such facilities are continuously working on the development of advanced wrapping methods for ophthalmic medicines.
The Asia Pacific, on the other hand, is anticipated to exhibit significant growth over the forecast period. This is attributed to rising demand for reliable casing techniques providing patient comfort, tamper evidence, product protection, and quality. Some of the key players in the ophthalmic packaging market are Gerresheimer AG; Amcor plc; Becton Dickinson; West Pharmaceutical Services, Inc.; Schott AG. Companies are adopting business strategies such as mergers and acquisitions to expand their product portfolio and gain competitive edge over others.
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