The global Plunger Stopper Market 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.
A plunger stopper typically refers to a device or mechanism designed to control the flow or passage of fluids, often used in various applications such as laboratory equipment, medical devices, and industrial processes. This type of stopper incorporates a plunger, a movable component that can be manipulated to open or close a passage. The plunger is often designed to create a seal, preventing leakage or allowing precise control over the fluid flow.
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.
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.
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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.
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.
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Latest Developments
In October 2023, MedTech Innovations, collaborating with PharmaTech Solutions, a renowned player in pharmaceutical technologies, introduced the MI PrecisionPlunge™ Stopper System. This innovative plunger stopper is designed to enhance the precision and efficiency of subcutaneous injections for biologics using a 2 mL pre-filled syringe.
In November 2024, PharmaTech Solutions, a subsidiary of PharmaInnovate Group, achieved a significant milestone by successfully concluding the initial stage of its worldwide injectables expansion initiative. This strategic move positions them for continued growth and advancement in the pharmaceutical industry.
Top of Form
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.
Market Segmentation
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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