The global pharmaceutical packaging market is driven by the demand for anti-counterfeit technologies, which is used to protect pharmaceutical products from duplication, and child-resistant pharmaceutical packaging.
LONDON: The procurement research report on the pharmaceutical packaging market is an indispensable part of SpendEdge’s packaging and labeling category portfolio and offers an in-depth assessment of the key factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. Furthermore, it also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
Blister packs refer to a cavity made from a formable web, predominantly a thermoformed plastic. This is used in the pharmaceutical industry to protect medicines from external factors such as humidity, contamination, and UV rays. The increasing demand for blister packs is driving the growth of the global pharmaceutical packaging market.
“Purchasing managers must recognize various performance aspects of pharma packaging and assess them while selecting the pharmaceutical package,” says Tridib Bora, a packaging and labeling industry procurement research specialist at SpendEdge.
The price of pharma packaging is highly dependent on the price of raw materials (such as petrochemical-based resins and aluminum foils) used to manufacture the packaging. High volatility or fluctuation in the price of crude oil, bauxite ore, or energy will significantly impact the price of raw materials of pharmaceutical packages, thus increasing the final cost of pharmaceutical packaging.
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This procurement report on the pharmaceutical packaging market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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