Rising Challenges in Pharmaceutical Packaging Industry
One of the most widespread industries across the globe is the ever-evolving packaging industry. Once, the role of packaging was to simply ensure that the product was carried from one place to another. Packaging used to be a simple tool. As the industry grew, the function of packaging expanded. Packaging now serves many purposes such as branding, quality control, safety, and security of the product. Developing the right packaging that will serve all required purposes can be particularly tricky in the pharmaceutical industry.
Revenues that this industry is consistently generating witness about the rise of the industry itself.
In 2018, the pharmaceutical packaging market was valued at approximately $71.0 billion and is projected to grow at a compound annual growth rate (CAGR) of nearly 6% during 2019-2029, leading to an estimated valuation of the market to be $149.3 billion by 2026. Popular report repository, Research, and Markets forecast the pharmaceutical packaging market growing at an impressive CAGR of 8.75% during the 2017-2026 period.
Emerging markets like India, China, Brazil, Russia, and Turkey are contributing to this growth. Growth is also facilitated by the fact that healthcare becomes more accessible amidst growing as well as the ageing population.
Due to the sensitive nature of products, the pharmaceutical packaging industry faces a lot of challenges. Inappropriate packaging can cause chemical alterations in the product affecting the product’s curative ability and effective performance. This is why the pharmaceutical industry is subjected to rigid packaging standards and often faces a variety of challenges we will further discuss.
- Safe Transportation of non-solid medication
Pills and tablets are simpler to handle due to their ability to be stacked. On the other hand, liquid medication and injections, especially with glass packing are much more difficult to handle because of their fragile nature. To try and counter this problem, the pharmaceutical packaging industry is integrating innovative solutions like foam packaging and rotomolded cases to prevent glass packaging from breaking down.
- Retaining medicinal quality of the products
Due to sustained exposure to heat as well as humidity, the pharmaceutical product may lose its healing capabilities which presents one of the major challenges that the industry faces. The pharmaceutical packaging materials must be chosen very carefully and should not let external factors affect the product, otherwise, the product may become completely useless.
- Accurate Dosage and Drug Information
Consummation according to the prescribed dose is crucial for any medicine. To avoid any confusion, the packaging must contain necessary dosage information, as well as information about the drug that it is composed with. Other valuable information like expiry date and the serial or batch number should also find a place on the packaging to simplify tracking and prevent misuse. Parameters like a minimum age for safe consumption of the drug should also be displayed on the packaging
- Newly developed drugs conflicting with packaging material
Many innovative and new-age drugs are in conflict with the materials being used to packaging them. For example, certain drug combinations lead to flaking of glass packaging. Another example is when silicone oil is being used in prefilled syringes to lubricate the plunger in. The lubricant often disturbs the composition of the protein complexes, compromising the quality of the product. The need for newer pharmaceutical packaging materials is rising.
- Averting Forged Products
Forged drugs are on the rise due to so many products from a variety of brands flooding the market. Potential side effects these drugs might have on the customer cannot be underestimated. Pharmaceutical packaging is an important aspect of the prevention of this major problem. Research and innovation in this domain have led to an increase in scannable codes, hologram stickers, UV prints that ensure that official products stand apart from the fake ones.
- Adhering to Regulatory Standards
A pharmaceutical company may be selling the same product under different names in different markets. As the companies produce those drugs on a single Process line, the task of printing, labeling, and packaging becomes complicated.
- Awareness and Education of Medical Practitioners and Consumers
Consumer needs to be aware of the contents of the packaging and proper usage of the product. Wrong medicine or improper dosage can have a severe, sometimes fatal effect on consumer’s health. Proper direction of use needs to be printed on the packaging in order to ensure the safe and secure use of the medicine.
In line with all current standards in the Pharmaceutical industry, we are offering high-speed, state-of-the-art secondary packaging machinery for most pharmaceutical products: pills and tablet blisters, vials, ampoules, syringes, stick packs, and sachets, etc. Tishma Technologies’ packaging equipment is custom made according to your specific needs offering precision, superior product handling, speed, and efficiency. Each cartoning and case packing machine is available with various printing and labeling add-ons which are pretty crucial in the pharma industry due to recent track-and-trace laws and demands for serialization.