Market News
Recent Developments
New product launches
- In January 2022, Origin Pharma Private Limited is a Non-govt company, incorporated on 31 Aug, 2006. Origin Pharma Packaging launched a new range of prescription bottles made using post-consumer recycled resin. The eco-friendly bottles help in reducing carbon footprint.
- In November 2021, Gerresheimer AG is a German manufacturer of primary packaging products for medication and drug delivery devices made of special-purpose glass and plastics. Gerresheimer AG launched the Gx RTF ClearJect®, a ready-to-fill polymer syringe that is designed for biologics and sensitive drug molecules. It improves patient safety and convenience.
- In June 2022, Aptar Pharma is a trusted partner to many pharmaceutical companies to bring drug delivery solutions to market quickly and efficiently. Aptar Pharma launched its ophthalmic squeeze dispenser, featuring an integrated dropper bulb for accurate dosing of eye drops. It enhances patient compliance and experience.
Acquisition and partnerships
- In January 2022, Schott AG is a German multinational glass company specializing in the manufacture of glass and glass-ceramics. SCHOTT partnered with Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France. Sanofi to establish a new pharmaceutical glass tubing production facility in China. The JV expands production capacities in the region.
- In June 2021, Origin Pharma acquired 100% equity stake in Avalon Laboratories, a key market player in the Malaysian pharma packaging market. The acquisition expands Origin's footprint in Asia.
- In May 2022, Pretium Packaging are plastic bottle manufacturers supplying high-quality plastic bottles and plastic jars made of PET, HDPE, PP. Pretium Packaging acquired Custom-Pak Products, a blow molder of bottles and jars used for nutritional, pharmaceutical, and personal care products. The move expands Pretium Packaging's capabilities.