Market News

Recent Developments:

New Product launches:

In November 2023, Amcor Plc., a global company that is known for its development and production of environmentally conscious packaging solutions, announced a Memorandum of Understanding (MOU) with NOVA Chemicals Corporate, a leading producer of sustainable polyethylene. The agreement includes the procurement of mechanically recycled polyethylene resin (rPE) from NOVA Chemicals Corporate, which will be utilized in the production of flexible packaging films. This initiative aligns with Amcor Plc.'s dedication to promoting packaging circularity by increasing the utilization of rPE in flexible packaging applications. Amcor plc is a global packaging company that develops and produces flexible packaging, rigid containers, specialty cartons, closures, and services for various industries, including food, beverage, pharmaceutical, and medical devices.
In July 2023, Constantia Flexibles introduced a new pharmaceutical packaging solution called REGULA CIRC that utilizes coldform foil. The packaging replaces conventional Polyvinyl chloride and polyethylene sealing layer, resulting in a reduction in plastic content while increasing the proportion of aluminum. This optimization not only enhances the sustainability of the packaging but also improves material recovery during recycling processes.
In April 2023, Südpack introduced its PharmaGuard blister, a polypropylene-based blister packaging. This new product offers an outstanding water vapor barrier along with effective barrier resistance against Ultraviolet and oxygen. Südpack is a leading manufacturer of high-performance films for the packaging of food, non-food and medical products and for use in technical applications.

Mergers and Acquisition:

In July 2022, Becton Dickinson and Company acquired Parata Systems. Parata System advances Becton Dickinson and Company’s transformative solutions strategy by providing a portfolio of innovative pharmacy automation solutions that power a growing network of pharmacies to reduce costs, enhance patient safety and improve the patient experience for retail, hospital and long-term care pharmacies. Becton, Dickinson and Company is a global medical technology company that manufactures and sells medical devices, instrument systems, and reagents.

Pharmaceutical Packaging Market Report Snapshots