One of the premier aspects of the packaging market comes from the ever-present need for pharmaceuticals to be securely and safely packaged without any chance of tampering or damage. New research find that as the market is primed to see further growth in the next few years, there are also new innovations that will further push the industry toward an improved direction.
Persistence Market Research recently released a new report regarding the North American pharmaceutical packaging market, and the immediate future looks bright. The US market is dominant in the continent's growth due to the presence of people who are increasingly health-conscious and ability to spend. This market will continue to experience moderate growth in coming years for several reasons, including a rapidly-aging population, new innovations and consumers demanding more sophisticated packaging.
Another source of growth in the industry comes from increasing levels of technological innovation in packaging and integration. Additionally, regulations that have been put into place by several agencies like the Food and Drug Administration, the National Quality Forum and the Healthcare Compliance Packaging Council for packaging are further driving immediate growth. Some constraints in the near future, however, include price volatility, remaining availability of raw material and changing health regulations. As a result, there will need to be some shifts in strategy in the near future.
Changes seen in the market
More changes may become more prevalent in the near future, the news source said, many of them due to new opportunities for the growth of the market in general. Nanotechnology, biotechnology and electronics are three factors increasingly implemented in the market, as one example, and the updates and changes they may be able to bring will likely increase the industry's immediate potential.
Other innovations are meant to directly help shoppers. Nolato Medical Pharma Packaging recently reported that it has the ability to use surface print to create new types of packaging presentation. One suggested improvement from this has been said to be the ability to print Braille directly onto a plastic container. This will allow for a layer of UV cured ink with a specific thickness directly onto the surface of the material, which can help it keep an even print height for maximum readability.
