Mon, 06 Feb 2023

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.

Rising adoption of plunger stoppers across various end use sectors including pharmaceuticals and biotechnology and growing popularity of home treatments are some of the key factors driving the global plunger stopper market.

The plunger stopper market 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 urge for self-treatment with prefilled syringes from consumers is expected to play a key role in boosting the sales of plunger stoppers during the forecast period. Plunger stopper helps in maintaining the quantity of vaccine in prefilled syringes. As a result, they have become a critical component of these medical devices.

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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.

Consumers and manufacturers are focusing more on recyclable plunger stoppers due to environmental concerns. Thus, development and popularity of ecofriendly plunger stoppers will further aid in the expansion of the global market through 2032.

Plunger Stopper Market Landscape

  • West Pharmaceutical Services, Inc.,
  • BD (Becton Dickinson and Company),
  • Dätwyler Holding Inc.,
  • AptarGroup, Inc.,
  • Gerresheimer AG,
  • W. L. Gore & Associates, Inc.,

are the key players operating in the global plunger stopper market. Also, some of the noticeable players operating in the plunger stopper are

  • Shandong Pharmaceutical Glass co., LTD,
  • Teknor Apex,
  • Lonstroff AG,
  • Daikyo Seiko, Ltd.,
  • Pharmatechs Group LTD,
  • Qingdao Huaren Medical Product Co., Ltd.,
  • Hebei First Rubber Medical Technology Co., LTD,
  • Suzhou CRH Pharmaceutical Technology Co., Ltd., and others.

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Key Takeaways from Plunger Stopper Market

* 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 market through 2032.

* East Asia is likely to emerge as the fastest growing plunger stopper market 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.

"The change in the lifestyle of people coupled with rising cases of various diseases has increased the demand for home-treatment with prefilled syringes. Thus, increasing usage of syringes, especially prefilled ones, for treatment of various diseases will aid in the expansion of plunger stopper market during the forecast period"- says an FMI analyst

Development in Biotechnology Products is Positively Impacting the Growth of the Plunger Stopper Market:

Plunger stopper plays a crucial role in syringes as bad packaging makes the syringes useless. Plunger stopper is used by various end use industries such as pharmaceuticals, biotechnology, and Others (Research & Development, etc.).

Recent developments in biotechnological products such as vaccines in prefilled syringes (PFS) have grabbed considerable attention from the biotechnology and pharmaceutical industry. This can be attributed primarily to some of the benefits that PFS provides, such as reduced medical dosing errors, reduced risk of microbial contamination by limiting manipulations before dosing, and increased convenience and ease of use. Such development in biotechnological products is positively impacting the growth of the plunger stopper market and is expected to boost during the forecasted period.

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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
  • Oceania

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The post Increasing Adoption of Home-Treatments to Boost Plunger Stopper Sales: Market Valuation Likely to Exceed US$ 223.2 Mn by 2032 appeared first on Future Market Insights.

Original Source of the original story >> Increasing Adoption of Home-Treatments to Boost Plunger Stopper Sales: Market Valuation Likely to Exceed US$ 223.2 Mn by 2032

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