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Packaging is the process of assembling and filling of the product, sterilization, and finally placing the necessary labels on the container. It helps in protecting and preserving the products from any kind of damage. The package and labelling services find wide application across diverse industries, including healthcare. Packaging plays an important role in marketing a product, ensuring protection, enhancing usability, brand promotion, and reducing environmental impact. Following are the variables that should be considered when choosing a container’s design:

  • Protection against damage or contamination by micro-organisms, air, moisture and toxins Prevention of product spilling or leaking
  • Product Identification and Labeling
  • Marketing of Product to Consumers

Packaging and Labeling (Healthcare) Services Market  

On the basis of Packaging Type, the global market is classified into:

  • Primary Packaging
  • Bottles
  • Pouches
  • Blisters
  • Tubes
  • Secondary Packaging
  • Labeling
  • Cartooning

On the basis of Product Type, the global market is classified into:

  • Solid Dosage Forms
  • Tablets
  • Capsules
  • Granules
  • Powder
  • Semi-solid Dosage Forms
  • Creams
  • Ointments
  • Suppositories
  • Liquid Dosage Forms
  • Syrups
  • Eye/Ear Drops
  • Aerosols
  • Medical Devices

Rampant growth of the pharmaceutical and medical devices industries is the major driver for growth of the packaging and labeling (healthcare) services market. Certain medical devices are very delicate and require utmost care when handling, such as microscope slides, glass pipettes and test tubes, syringes, and several other products. These tools must sometimes travel long distances using various forms of transport. For example, Solid Bleach Sulfate (SBS) box partitions are one way to keep devices safe during transit. Packaging plays a pivotal role in ensuring proper use of the device without causing any damage to it.

Growing demand for anti-counterfeiting drug packaging technology and products is another major factor fueling market growth. Microbial growth is effectively inhibited by proper packaging that extends the shelf life of pharmaceutical drugs. As pharmaceutical and medical devices have to play crucial role in ensuring public health, strict policies are executed, to determine that the pharmaceuticals packaging fulfil with the highest standards of quality. Packaging and labelling industry has been affected by many governmental decisions, from the original Food and Drug Act of 1906 [that banned interstate commerce in misbranded and adulterated foods, drinks and drugs] to the Dietary Supplement Health and Education Act of 1994 (DSHEA), which established specific labeling requirements for dietary supplements. The execution of stringent policies has therefore, encouraged pharma companies and medical device manufacturers to invest on R&D of advanced packaging techniques. Good manufacturing practices (GMP), good clinical practices (GCP) and good laboratory practices (GLP) and the responsibility on the regulatory bodies to ensure a healthy supply of quality drugs at affordable prices to the Indian masses.

Despite being facilitated by favorable government regulations, complicated registration and approval processes are some of the expected factors which hamper packaging and labeling market growth. For example, under the Poison Prevention Packaging Act in 1970, the Consumer Product Safety Commission (CPSC) has the authority to require that packaging for possibly dangerous products including oral forms of most prescription and over the counter (OTC) drugs and iron containing dietary supplements incorporate child strong features to prevent serious personal injury.

This market is expected to extensively gain from the rising adoption of nano-enabled packaging in the pharmaceutical industry. Nano-enabled packaging uses nano-materials with diameter less than 100 nanometers, for manufacturing packaging materials. Nano-enabled packaging is widely engaged in food & beverage and pharmaceutical packaging which also has shown strong acceptance in the market. It has been found to improve features such as taste, color, texture and consistency of the packaged food. It also increases absorption and the bio availability of nutrients in foodstuffs. Rampant growth of the pharmaceuticals industry in emerging economies is expected to change the dynamics of the global packaging and labeling services market in the near future, with players looking to capitalize on highly lucrative opportunities in these densely populated regions.

Key players operating in the global packaging and labeling services market are 3M Company,  Bemis Company, Inc., Sonoco Products Company, WestRock Company , Schott AG , Amcor Limited, Owens-Illinois, Inc., CCL Industries, Inc., DuPont, and Gerresheimer AG.

Key Developments

  1. Key players in the market are focused on various business strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in June 2019, Amcor plc, an Australia-based packaging company, acquired Bemis Company, Inc., a manufacturer of flexible packaging products. This acquisition will bring Bemis’ additional scale and capabilities to strengthen Amcor’s foothold in the market.
  2. Major market players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in May 2019, CCL Industries, Inc., an international label maker, acquired shares of Colle a Moi (CAM), a Canadian manufacturer of personalized kid’s labels. This acquisition will expand company’s product portfolio on web-to-print technologies.
  3. Major market players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, in January 2019, CCL Industries, Inc., a manufacturer of packaging and labeling solutions, acquired Avery, manufacturer of labels and tags.
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users