With an ageing population and the growth of emerging economies across the world, the pharmaceutical sector is booming. Research business IMS predicts that the global pharmaceutical industry will reach sales of as much as $1.2tn by 2017 – representing annual growth of 3%-6% and, crucially, a growing market for pharmaceutical packaging suppliers and contract packers.
Yet it is a market that brings particular challenges, and particular opportunities, to those packaging suppliers and packers operating within it, not least the regulatory environment, which is complex and becoming more so. New regulations – notably the EU Falsified Medicines Directive, which requires every individual pack to carry a unique serial number – are posing new challenges to the supply chain both for product and packaging.
Chris Penfold, CEO of Design Cognition, along with a number of other industry experts recently took part in a Packaging News and Essentra roundtable discussion looking at the wide range of issues facing players in the pharmaceutical packaging segment.
or a short video ‘taster’ by clicking on the photo of Chris to take you to the YouTube video.
If you would like help and advice on any of these or other issues further and would like to contact Chris, please send an email via email@example.com or via phone on +44 (0)115 846 1914.