Primary packaging market shaping up pharma

According to reports, the Indian pharmaceutical packaging market is progressing and continues to expand. Nevertheless, it demands more attention while selecting packaging for the product. The market is driven by trends such as consumer compliance that leads the industry to take a more holistic approach to the product and package designs. Additionally, technological interventions like adding intelligent or smart technology create packs that connect products and benefits via mobile connectivity and interactive elements. The Indian pharmaceutical industry is a leading global producer of cost-effective generic medicines and vaccines with a strong network of 3,000 drug companies and about 10,500 manufacturing units supplying 20% of total global demand by volume. Surveys report that India exports half of its total production of pharmaceuticals to more than 200 countries. Moreover, the global pharmaceutical packaging market is valued at approximately US$ 71.0 billion (approximately Rs 5,11,000 crore). The Indian pharmaceuticals market is valued at US$ 33.18 billion (approximately Rs 2,38,600 crore), while the Indian pharmaceutical packaging market is estimated at US$ 2.107 billion (approximately Rs 15,000 crore) and the…

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