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Pharma Tech Outlook | Friday, June 25, 2021
Pharmaceutical manufacturing firms label and package an increasing variety of drug products each year
FREMONT, CA: For several years, the pharmaceutical packaging industry has experienced rapid growth and is expected to exceed £84 billion by 2024. There is still room for growth in this pharmaceutical industry segment, owing to innovations and emerging treatments.
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Below are some of the trends in pharmaceutical packaging for 2021.
Eco-Friendly packaging
The world awakens the need to go green. People looking to live longer and reduce their use of plastics make more informed choices about the types of products they use. Things are set to continue along this path this year and impact demand for certain types of products.
While other industries can easily adjust their packaging strategies, it's not straightforward for the pharmaceutical industry. With safety always a priority for the industry, a balance must be struck to help ensure that products can continue to be produced and packaged safely while considering greener practices.
PLA packaging (Polylactic Acid) is one solution that could help the pharmaceutical industry reduce emissions and help produce a more sustainable product. It is fuel, can control the temperature of products in transit, and uses 65% less energy during production.
Eco-friendly solutions are a vital priority for pharmaceuticals, with innovations constantly emerging that will please consumers and benefit the environment.
Incorporating intelligent technology into packaging
Numerous types of smart technology, such as Bluetooth, NFC, and QR codes, can transform various industry sectors by assisting in managing stock and demand levels and providing smart temperature tracking to help eliminate the use of spoiled or unsafe products. Intelligent technology enables several solutions to mitigate some of the risks associated with transportation and supply, resulting in increased value and safety.
Using nanotechnology to combat counterfeiting
The pharmaceutical industry is vulnerable to counterfeiting, which has become easier than ever to perpetrate in the age of the internet and online sales. Nanotechnology can ensure that nano barcodes act as a 'tracking and tracing' system for tablets, identifying their origin and discouraging their redistribution to other markets.
Packaging that is easily accessible
Accessible product packaging is critical in various industries, but it is especially essential in pharma. Individuals must read and comprehend proper dosage and usage, which should be a primary consideration in packaging design.
As more people transition to self-medication (particularly for diabetes and allergies), clear instructions and highlighting of allergens, expiration dates, and other critical information is vital. The information must be easily readable and not simply a list of ingredients to assist users in using their medication correctly and safely and properly disposing of it.
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