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Packaging and Labeling Services Market

Packaging and Labeling (Healthcare) Services Market report categorizes global market by package type and product type – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Packaging and Labeling
(Healthcare) Services Market –
Global Industry Insights, Trends,
Outlook, 2016–2024
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.
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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.
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.
Despite being facilitated by favorable government regulations, complicated registration
and approval processes are some of the expected factors which hamper packaging and
labeling market growth. For example, under the Poison Prevention Packaging Act in
1970, the Consumer Product Safety Commission (CPSC) has the authority to require
that packaging for possibly dangerous products including oral forms of most prescription
and over the counter (OTC) drugs and iron containing dietary supplements incorporate
child strong features to prevent serious personal injury.
This market is expected to extensively gain from the rising adoption of nano-enabled
packaging in the pharmaceutical industry. Nano-enabled packaging uses
nano-materials with diameter less than 100 nanometers, for manufacturing packaging
materials. Nano-enabled packaging is widely engaged in food & beverage and
pharmaceutical packaging which also has shown strong acceptance in the market. It
has been found to improve features such as taste, color, texture and consistency of the
packaged food. It also increases absorption and the bio availability of nutrients in
foodstuffs. Rampant growth of the pharmaceuticals industry in emerging economies is
expected to change the dynamics of the global packaging and labeling services market
in the near future, with players looking to capitalize on highly lucrative opportunities in
these densely populated regions.
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.
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