Focusing on the latest pharmaceutical packaging innovations and drug delivery devices, InnoPack unites buyers and suppliers from the packaging and pharmaceutical industries.
Stricter drug safety and traceability regulations in key markets are an opportunity for packaging developers. In addition, drug industry demand for more effective, compliant solutions is growing in line with the emergence of new pharmaceutical markets.
The pharmaceutical industry’s focus on patient centricity is also a potential advantage for the packaging industry. Packaging technologies that improve ease of use and patient compliance are highly sought after.
The growth of the generic drug industry is also an opportunity for packaging firms. Minimizing packaging costs is an important part of keeping generic drug prices low. As a result demand for cheaper barrier materials is growing.
Industry interest in biopharmaceuticals and cell and gene therapies is increasing demand for the specialist packaging solutions required by such products. Initiatives being implemented by companies like UCB and Abbott are testament to the level of R&D being undertaken in this area.