Packaging Gels Well with Nichrome
Complications can be considered commonplace in the pharmaceutical packaging industry. Pharmaceutical compounds are generally immensely sensitive to temperature changes and exposure to the elements like light or air. Without safe and effective packaging, medicines can be rendered completely useless or even toxic. In the case of medicinal products, another vital element of the packaging is the provision of important medicinal information to consumers. According to several market reports, the pharmaceutical packaging industry is projected to grow at a Compounded Annual Growth Rate (CAGR) of 7.4% between 2022 and 2031 reaching an estimated size of $178.8 billion by 2031. Factors that are spurring the growth of the pharmaceutical packaging market include an increasing preference for single-dose packaging, an increase in drug development across the board, and the growth of pharmaceutical e-commerce platforms. Some of the major challenges for the pharmaceutical packaging industry are: ●
Handling and transportation
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Preservation of medicinal properties
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Providing statutory information on the packaging