Packaging is the process of assembling and filling of the product, sterilization, and finally placing the necessary labels on the container. It helps in protecting and preserving the products from any kind of damage. The package and labelling services find wide application across diverse industries, including healthcare. Packaging plays an important role in marketing a product, ensuring protection, enhancing usability, brand promotion, and reducing environmental impact.
Following are the variables that should be considered when choosing a container’s design:
- Protection against damage or contamination by micro-organisms, air, moisture and toxins Prevention of product spilling or leaking
- Product Identification and Labeling
- Marketing of Product to Consumers
- Packaging and Labeling (Healthcare) Services Market
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On the basis of Packaging Type, the global market is classified into:
- Primary Packaging
- Secondary Packaging
On the basis of Product Type, the global market is classified into:
- Solid Dosage Forms
- Semi-solid Dosage Forms
- Liquid Dosage Forms
- Eye/Ear Drops
- Medical Devices
Rampant growth of the pharmaceutical and medical devices industries is the major driver for growth of the packaging and labeling (healthcare) services market. Certain medical devices are very delicate and require utmost care when handling, such as microscope slides, glass pipettes and test tubes, syringes, and several other products. These tools must sometimes travel long distances using various forms of transport. For example, Solid Bleach Sulfate (SBS) box partitions are one way to keep devices safe during transit. Packaging plays a pivotal role in ensuring proper use of the device without causing any damage to it.
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Key players operating in the global packaging and labeling services market are 3M Company, Bemis Company, Inc., Sonoco Products Company, WestRock Company , Schott AG , Amcor Limited, Owens-Illinois, Inc., CCL Industries, Inc., DuPont, and Gerresheimer AG.
Growing demand for anti-counterfeiting drug packaging technology and products is another major factor fueling market growth. Microbial growth is effectively inhibited by proper packaging that extends the shelf life of pharmaceutical drugs. As pharmaceutical and medical devices have to play crucial role in ensuring public health, strict policies are executed, to determine that the pharmaceuticals packaging fulfil with the highest standards of quality. Packaging and labelling industry has been affected by many governmental decisions, from the original Food and Drug Act of 1906 [that banned interstate commerce in misbranded and adulterated foods, drinks and drugs] to the Dietary Supplement Health and Education Act of 1994 (DSHEA), which established specific labeling requirements for dietary supplements. The execution of stringent policies has therefore, encouraged pharma companies and medical device manufacturers to invest on R&D of advanced packaging techniques. Good manufacturing practices (GMP), good clinical practices (GCP) and good laboratory practices (GLP) and the responsibility on the regulatory bodies to ensure a healthy supply of quality drugs at affordable prices to the Indian masses.
Key players in the market are focused on various business strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in June 2019, Amcor plc, an Australia-based packaging company, acquired Bemis Company, Inc., a manufacturer of flexible packaging products. This acquisition will bring Bemis’ additional scale and capabilities to strengthen Amcor’s foothold in the market.
Major market players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in May 2019, CCL Industries, Inc., an international label maker, acquired shares of Colle a Moi (CAM), a Canadian manufacturer of personalized kid’s labels. This acquisition will expand company’s product portfolio on web-to-print technologies.
Major market players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in January 2019, CCL Industries, Inc., a manufacturer of packaging and labeling solutions, acquired Avery, manufacturer of labels and tags.
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