Sturdily buoyed by the growth of the pharmaceutical sector over the foremost economies, the worldwide market for high barrier packaging films for pharmaceuticals would foresee a promising CAGR of 5% amid 2019 – 2029. The market is anticipated to particularly flourish in Mexico, India, and China, as indicated by the latest Future Market Insights (FMI) research. Progressions in packaging technologies moreover foster the development outlook of the market.
The quick growth of the geriatric populace worldwide and the increasing material center on senior-centric packaging is forecasting well for flexible packaging solutions. As well as its easy-open feature, flexible packaging protects pharmaceutical products from external environmental conditions and contamination while easier to administer with accuracy and keeping them safer. Makers are seeking designs that convey convenience together with product protection and tamper-resistance. Getting momentum from these trends, the market is likely to exceed estimation worth over half-a-billion dollars towards 2024 end.
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High barrier packaging films, primarily utilized in the pharmaceutical industry, packs and store a huge range of medicines, as a result of its better moisture and oxygen barrier properties. The FMI research highlights outstanding requirement development in blisters, pouches and bags categories, which guarantee higher security of pharmaceutical products.
The development viewpoint for the high barrier packaging films for the pharmaceutical industry appears promising, as a result of its higher moisture & oxygen barrier characteristics, longer shelf life and excellent flexibility. Moreover, highly potential economies, for instance, India and China are anticipated to provide lucrative prospects to the makers as the requirement for pharmaceuticals packaging solutions in these nations soars up.
Key Takeaways from the Market Research
- Application of these packaging films in blisters is rising at an exceeding pace, because of their unit dosing attribute. They additionally offer higher defense from contamination.
- Foremost packaging makers functioning in the worldwide market are opting for plastic materials, for example, polyamide (PA), polyvinyl chloride (PVC) and polypropylene (PP) to manufacture and design high barrier packaging films.
- South Asia and East Asia are slated for a sturdy development outlook in the worldwide market, as topmost economies; for example, India and China are exporting and producing pharmaceutical drugs on a noteworthy scale.
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Makers Concentrate on Integration of Progressed Packaging Technologies
Flexible packaging makers which cater to pharmaceutical companies are more and more providing high-performance films that offer custom barrier attributes for different kinds of pharmaceutical products so as to improve their shelf-life. In general, premium pharmaceutical products have to be kept in the precise environmental environment to avert product quality from deterioration. Controlled atmosphere packaging (CAP) or Modified atmosphere packaging (MAP), the growing packaging technology processions, keep up the specific atmosphere in the product packages. The packaging films with MAP and CAP attributes keep up the internal environment of the package and increasing the product shelf life. The growing need for CAP and MAP from pharmaceutical companies would generate an influx of prospects for makers throughout the assessment period.
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