Injection Moulding Asia Rigid Packaging
Sturdy market for rigid packaging Witnessing a steadily growing market, rigid
million tonnes, according to Smithers Piraâ€™s market report - The Future of Rigid Plastic Packaging to 2022. Reports on rigid packaging always compare it with flexible packaging, being degradable, more lightweight, and offering versatility in design, and other beneficial features. Food is the largest end-use market for rigid packaging, accounting for a projected 37% consumption share in 2017. The healthcare sector is forecast to grow at the highest rate, followed by other food markets, drinks and cosmetics.
packaging has curved a firm niche in vital
industry applications that constantly require
innovation, says Angelica Buan in this report.
lobally, the rigid packaging market size is expanding and is projected to witness a CAGR of 6.7% from 2016-2025, according to Grand View Research, estimating the value to be worth US$848.7 billion by the forecast year. Rigid packaging, which essentially secures products so that it reaches the customer intact, finds applications in industries like pharmaceuticals, food & beverage, electronics, personal care, and many more.
Medication compliance with blister packaging Pills and other forms of medications are rendered safe and free of contaminants, aiding in patient compliance to medications and providing longer shelf-life with blister packaging made especially for pharmaceutical products. Pharmaceutical packaging combine intelligent application aims to address patientâ€™s compliance more efficiently, especially when used to facilitate clinic trials of drugs. Schreiner MediPharm, a Germany-headquartered speciality labels producer, says that clinical trials are normally conducted on an international scale and require high accuracy. Conventional, non-automated processes are frequently error-prone. Medication adherence by participating patients, however, is a key factor for the successful outcome of clinical trials, but often difficult to track. Hence, Schreiner MediPharm, together with Dutch technology company Experts in Communications and Connectivity Technology (ECCT), has developed a smart blister pack for digital patient compliance monitoring to enhance medication adherence by clinical trial participants.
Global rigid plastic packaging consumption, percentage share by geographic region, 2017 31.4%
Western Europe Rest of the world
South & Central America
7.7% Source: Smithers Pira
From a regional perspective, emerging economies are expected to grow rigid plastic packaging demand at the highest rates across 2017-2022. , says UK research firm Smithers Pira. Asia is already the largest consumer of rigid plastic packaging, accounting for a projected 31.4% consumption share by volume in 2017. North America is the second largest, with 22.7%, followed by Western Europe with 20.0%. Asia is forecast to continue growing at a faster rate than any other world region with an annual average growth rate of 5.8% for the next five years. Material-wise, plastics dominate the rigid packaging segment, securing nearly 40% of the total market share in 2016, according to Esticast Research and Consulting. Plastics are likely to reign over the forecast period from 2016-2024 owing to the materialâ€™s low costs, low weight, and least breakage properties. Volume consumption of rigid plastics globally was 52.9 million tonnes in 2017, and is projected to grow over the next five years at an annual rate of 3.7% to 63.4
Schreiner MediPharm and ECCT have developed a smart blister pack for digital patient compliance monitoring to enhance medication adherence by clinical trial participants
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