Published Date : Jul 22, 2016
Since it was first introduced, bio-based packaging has been improving the shelf life of many drugs. Bio-based packaging is now taking over the most traditional packaging material that is plastic. For pharmaceutical companies, it can be a task to select the right kind of packaging material for their products. However, with the growing trend of environment protection, most of the manufacturers of packaging products are using eco-friendly materials. This has helped the pharmaceutical companies to select the right kind of packaging for their drugs.
Currently, the packaging and labeling services market represent the fastest growing market in the global pharmaceutical industry. With many new companies competing the leading players, the market for packaging and labeling services is expected to be highly opportunistic in the near future.
What makes bio-based packaging so popular?
Primarily, the demand for bio-based packaging materials is driven by the fact that they are eco-friendly and can be easily recycled. Cost-effectiveness and minimal packaging waste are two of the other factors driving the demand for bio-based packaging materials in the pharmaceutical industry. The food and beverages industry is also contributing towards the growth of the global packaging and labeling services market. The demand for packaged products, food, and pharmaceuticals is increasing across the globe. This has helped the manufacturers of packaging materials to introduce new varieties in the global market.
Pharmaceutical companies are now exploring bio-based and green packaging alternatives for their new products. With more investments in research and development and the rising government funding, the pharmaceutical companies are expected to introduce more bio-based packaging alternatives.
The packaging and labeling services market is expected to gain more momentum from the increasing acceptance of nano-based packaging in the global pharmaceutical industry. The demand for different packaging types such as pouches, tubes, blisters, and bottles is expected to increase in the healthcare industry. Manufacturers of various drugs and medical devices are using eco-friendly packaging materials to match the changing trends in the global packaging and labeling market.