Increase in cases of counterfeiting, surge in manufacturing of recyclable and biodegradable label products, and adoption of expanded content label design drive the growth of the global pharmaceutical primary packaging label market. However, stringent government regulations and standards restrain the market growth. On the other hand, usage of smart labeling for patient engagement and identification create new opportunities in the coming years.
The global pharmaceutical primary packaging label market size was valued at $2,377.83 million in 2020, and is projected to reach $4,762.81 million by 2030 registering a CAGR of 7.20% from 2021 to 2030.
Pharmaceutical product labeling is a highly regulated process and plays a significant role in driving product approvals and maintaining data quality and safety. Each labeling leaflet includes important product information such as brand/drug name, manufacturer name and address, batch/lot number, product description details, active & inactive ingredients, indications, safety information, usage instructions, storage conditions, and expiration date. The pharmaceutical primary packaging labels are not just an important way to make customers aware of specific formulations of a product, however also protects them from incorrect usage of formulations.
PRIMARY PACKAGING
Primary packaging is the packaging in direct contact with the product itself and is sometimes referred to as a consumer unit. The main purpose of primary packaging is to contain, protect and/or preserve the finished product, particularly against contamination. This is the first layer containing the finished product, such as a plastic pouch holding whole-grain cereal or the cardboard box containing the pouch of cereal. This type of packaging is often intended for the end user or consumer. In addition to making it easier for consumers to handle products, it makes the products look more appealing and can be used for communication purposes to convey printed information about the products to consumers.
SECONDARY PACKAGING
This type of packaging is used outside of primary packaging to group a certain number of products to create a stock-keeping unit, commonly referred to as a SKU. It facilitates the handling of smaller products by collating them into a single pack. This type of packaging also provides supplementary protection to help maintain the integrity of the primary packaging. In addition, it can serve as a shipping container for small shipments, making it highly useful in e-commerce. Secondary packaging is frequently made up of multiple components (box, padding, separators, reinforcements, bags, paper, etc.). It may also be customized to make a product easily identifiable in the warehouse setting. In the case of cereal, for example, the secondary packaging would be the corrugated cardboard box containing multiple individual boxes of cereal.
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