The pharmaceutical packaging sector stands at a pivotal crossroads, influenced by key trends that are fundamentally altering its trajectory. A primary driver is the rise of biologics and molecular diagnostics, which has led to a shift in packaging requirements from simple glass containers to more advanced materials that can maintain the stability and integrity of these sensitive products.
Another trend is the increasing use of prefilled containers and delivery devices, empowering patients to self-administer medication at home and reducing the need for hospital visits. This shift requires innovative packaging solutions that ensure drug safety and efficacy while providing a user-friendly experience for patients.
Sustainability is another crucial aspect of pharmaceutical packaging, with a growing demand for eco-friendly materials and waste management solutions. The industry is responding to this need by adopting sustainable practices, such as using biodegradable and compostable materials and incorporating QR codes for packaging to facilitate traceability and reduce waste.
Driven by these trends, the global market size is projected to reach $229.9 billion by 2027, growing at a CAGR of 14.9 percent globally.
This edition of Pharma Tech Outlook brings insights into the latest developments in pharmaceutical packaging and how companies align with the latest trends to maintain the integrity of pharma products.
It features a thought leadership article from Ivanna M. Rosendal, Senior Director, IT Business Partner, Ascendis Pharma. In the article, she sheds light on how traditional pharmaceutical organization models may hinder innovation and cost-efficiency. Adopting lean value stream thinking can streamline processes, accelerate drug development and reduce costs by aligning departments with high-level value creation steps. It also features an article from Riikka Oksala, Director, Head of DMPK and Safety Sciences, R&D, Orion, who emphasizes how drug metabolism and pharmacokinetics are crucial for drug development, while organ-on-chip technology, despite challenges, shows promise in mimicking human organ functions and improving early drug discovery.
We also bring you the story of the top pharmaceutical packaging companies delivering best outcomes for clients by keeping compliance and patient safety as priorities. One of them is MRP Solutions, a provider of injection-molded plastic closures that meets the pharmaceutical industry’s demand for innovative and compliant packaging while actively exploring sustainable packaging options.
In this edition featuring the top pharma packaging solutions providers in 2023, we hope you find the right partner to meet your organization’s needs.
