The global Plunger Stopper Market size is expected to grow from US$ 128.1 Mn in 2022 to US$ 223.2 Mn by 2032, with overall sales rising at 5.7% CAGR throughout the forecast period.
Plunger stopper market expansion is anticipated to be driven by the growing need for syringes internationally. Syringes are the recommended primary injection tool for medicinal drugs due to their rapid and efficient action. This propensity for injections is one of the main factors expected to drive the growth of the plunger stopper market in the near future. As the healthcare industry grows, reliable and high-quality plunger stoppers will always be necessary to ensure precise dosing and administration.
Within the worldwide packaging sector, one of the fastest-growing segments is the plunger stopper market. In order to prevent vaccine leakage during storage, syringes are equipped with a plunger stopper.
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Similarly, rising prevalence of chronic diseases and growing usage of syringes, particularly prefilled ones, for treatment purposes are anticipated to elevate the demand for plunger stoppers over the next ten years.
Key Trends
According to a report by FMI, the increasing incidence of chronic and infectious diseases is a key driver behind the rapid expansion of the plunger stopper market, and this trend is anticipated to persist throughout the forecast period.
Pharmaceutical firms on a global scale are proactively responding to the transformations brought about by various disease outbreaks. With the growing demand for medical treatments, ensuring patient safety has taken center stage in the realm of effective drug delivery. Consequently, the primary emphasis lies on the development, production, and utilization of injectable devices equipped with safety features. This heightened focus on safety-enhanced injective devices is shaping the future of the industry.
Drivers:
- Medical Advancements: Ongoing advancements in the medical industry, including increased use of syringes for various medical procedures, are driving the demand for plunger stoppers.
- Growing Pharmaceutical Industry: The pharmaceutical sector’s expansion and the need for precision dosing in drug delivery devices are bolstering the Plunger Stopper Market.
- Biotechnology and Biopharmaceuticals: The biotechnology and biopharmaceutical industries rely on specialized syringes and plunger stoppers for the packaging and delivery of sensitive and biologically active substances.
- Biodegradable Materials: The adoption of biodegradable and environmentally friendly materials in plunger stopper production aligns with sustainability goals and is contributing to market growth.
- Regulatory Compliance: Stringent regulations and quality standards in the healthcare and pharmaceutical sectors are driving the demand for high-quality, compliant plunger stoppers.
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Market Players
- West Pharmaceutical Services, Inc.
- BD (Becton, Dickinson, and Company)
- Dätwyler Holding Inc.
- AptarGroup, Inc.
- Gerresheimer AG
- W. L. Gore & Associates, Inc.
- Shandong Pharmaceutical Glass co., LTD
- Teknor Apex
- Lonstroff AG
- Daikyo Seiko, Ltd.
- Pharmatechs Group LTD
- HEXPOL AB
- Qingdao Huaren Medical Product Co., Ltd.
- Hebei First Rubber Medical Technology Co., LTD
- Suzhou CRH Pharmaceutical Technology Co., Ltd.
Plunger Stopper Market by Category
By Material:
- Chlorobutyl Rubber
- Bromobutyl Rubber
- Silicone
- TPE (Thermoplastic Elastomers)
By Plunger Size:
- Less than 1 ml
- 1 ml
- 3 ml
- 5 ml
- 10 ml
- Above 10 ml
By End Use:
- Pharmaceuticals
- Biotechnology
- Others (Research & Development, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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