According to recent research, the global pharmaceutical packaging market is forecast to reach more than US$80 billion in revenue by 2020.
In this research report, Pharma IQ explores the trends, both those currently prominent and those which are emerging, within the pharmaceutical packaging and labelling market. Suzanne Ivory, Head of Quality at Perigord also provides insight into overcoming artwork obstacles on the route to market.
This expanding market is advancing towards optimisation in regards to effectiveness. However, as noted in recent research, this wasn’t always the case: ‘Packaging was considered as an afterthought, which was required merely in the final stages of manufacturing for many pharmaceutical companies about a decade ago. But of late, pharmaceutical packaging has quickly become an essential part of the drug delivery system.’ (1)
Off-patenting drugs, the growing generics industry and the progression seen within manufacturing are all expected to fuel the advancement of the packaging market.
The pharmaceutical packaging and labelling market is predicted to feel a boost from the maturation of the biologics market and its new therapies with pre-filled syringes and parenteral vials forecasted to experience the fastest growth.
Asia and Europe follow North America - the biggest market for packaging and labelling equipment and machinery. This is due to strong awareness and healthcare investment within the US. (2) Rising contract manufacturing activities’ are due to fuel the rapid growth that is ahead for the Asian market.
Upped demands for primary pharmaceutical containers and for flexible and integrated packaging are due to propel the market’s activity also. (2) Although, these surging demands can only be catered for if the relevant pharmaceutical packaging and labelling compliance requirements are met.
With this in mind, the packaging, labelling and artwork divisions of the pharmaceutical market face pressures from a range of directions. These include:
In regards to labelling, one key challenge is navigating around country specific guidelines – especially with the amount of information that is required on a package in ratio to the amount of space available.
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