Latin America Ophthalmic Packaging Market Size & Outlook
Latin America ophthalmic packaging market, 2017-2030 (US$M)
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Latin America ophthalmic packaging market highlights
- The Latin America ophthalmic packaging market generated a revenue of USD 593.2 million in 2022.
- The market is expected to grow at a CAGR of 10.1% from 2023 to 2030.
- In terms of segment, multi dose was the largest revenue generating dose in 2022.
- Multi dose is the most lucrative dose segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 593.2 million |
| Market revenue in 2030 | USD 1,277.7 million |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | Multi dose |
| Fastest growing segment | Multi dose |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multi dose, Single dose |
| Key market players worldwide | Amcor PLC, West Pharmaceutical Services Inc, Gerresheimer AG ADR, Schott Pharma AG & CO KGaA, AptarGroup Inc, BD |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.6% of the global ophthalmic packaging market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,011.8 million by 2030.
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Ophthalmic Packaging Market Scope
Ophthalmic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ophthalmic packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ophthalmic packaging market will help companies and investors design strategic landscapes.
Multi dose was the largest segment with a revenue share of 72.08% in 2022. Horizon Databook has segmented the Latin America ophthalmic packaging market based on multi dose, single dose covering the revenue growth of each sub-segment from 2017 to 2030.
A number of Latin American companies are involved in strategic alliances and partnerships to gain access to advanced technologies for manufacturing ophthalmic drugs. These factors are expected to drive the ophthalmic drugs market, which, in turn, is anticipated to augment demand for ophthalmic packaging over the forecast period.
Glass is extensively used in ophthalmic packaging due to its advantages such as transparency, good protection power, economic viability, and availability in a variety of sizes & shapes. However, factors such as weight, high manufacturing costs, and fragility of glass, when compared to plastic products, are likely to hinder its demand in ophthalmic packaging over the coming years.
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Target buyers of Latin America ophthalmic packaging market databook
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Our clientele includes a mix of ophthalmic packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ophthalmic packaging market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America ophthalmic packaging market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ophthalmic packaging market size, by country, 2017-2030 (US$M)
Latin America Ophthalmic Packaging Market Share, 2022 & 2030 (US$M)
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