The global Plunger stopper industry 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.
The Plunger Stopper Industry is one of the fastest-growing markets in the global packaging industry. A plunger stopper is used in syringes to ensure that a vaccine contained in the syringe will not leak during storage.
The global Plunger Stopper Industry is poised for growth, primarily driven by the increasing global demand for syringes. Syringes are favored as a primary method for administering healthcare substances through injection, offering rapid and efficient action. This preference for injections is a pivotal factor expected to drive the expansion of the Plunger Stopper Industry in the foreseeable future. As the healthcare industry continues to evolve and expand, the need for high-quality, reliable plunger stoppers to facilitate precise dosing and delivery remains paramount.
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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.
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 Industry.
- 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.
Restraints:
- High Development Costs: The research, development, and testing of plunger stoppers, especially those designed for specialized medical or pharmaceutical applications, can be costly.
- Quality Control Challenges: Ensuring consistent quality and performance in plunger stoppers is a complex process, which can pose challenges for manufacturers.
- Competition and Market Saturation: The Plunger Stopper Industry faces competition from established manufacturers, making it challenging for new entrants to gain market share.
- Material Selection: The choice of materials for plunger stoppers must meet stringent regulatory requirements, which can limit material options and impact production costs.
- Complex Manufacturing: Plunger stoppers often require precise and intricate manufacturing processes, leading to increased production complexities and costs.
Key Takeaways from Plunger Stopper Industry
- Based on material, the bromobutyl rubber segment is estimated to hold around 33.5% of the market value share by the end of 2022.
- By end use, pharmaceuticals segment is projected to expand 1.4 times the current market value during the forecast period.
- North America is expected to hold a substantial share of the global Plunger Stopper Industry through 2032.
- East Asia is likely to emerge as the fastest growing Plunger Stopper Industry during the forecast period.
- With rapid expansion of healthcare industry, demand for plunger stoppers is anticipated to grow at a robust pace across India over the next ten years.
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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 Industry 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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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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