Strip packaging refers to a type of packaging commonly used in the pharmaceutical industry for the unit-dose packaging of tablets, capsules, or other solid dosage forms. This packaging format involves arranging individual doses in a continuous strip, often made of materials like aluminum or paper, with each dose sealed in a separate compartment
The global strip packaging market is poised for significant growth, expected to exhibit a robust CAGR of 5.2% throughout the forecast period, culminating in a market value of US$ 289.92 million by 2033. As of 2023, the market is valued at US$ 174.63 million.
From over-the-counter medications to prescription drugs, the strip packaging not only secures each dose but also acts as a storyteller, narrating crucial details and guidelines. In the era of patient empowerment, where information is key, the strip becomes a conduit for knowledge, ensuring that every pill comes with its own set of instructions and cautions.
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Strip pack machines have been increasingly adopted, primarily serving the purpose of packaging pre-formed plastic packs. These packs are commonly used for pharmaceutical tablets that require unit dosage packaging. However, the lack of centralized purchasing practices represents a notable challenge within the global strip pack market.
Start-up Ecosystem
New entrants in the strip pack market are actively engaged in pioneering market initiatives and driving a culture of continuous innovation. These emerging players recognize the market’s untapped potential and are keenly focused on assessing it. They are committing substantial resources to research and development endeavors aimed at enhancing their capabilities for crafting top-tier, long-lasting strip packs that align closely with the specific needs and preferences of end users.
Key aspects related to strip packaging:
- Unit-Dose Packaging:
- Strip packaging is designed for the individual packaging of each dose of medication. This ensures accuracy in dosage, facilitates easy dispensing, and enhances patient compliance.
- Materials Used:
- Common materials for strip packaging include aluminum foil, paper, or a combination of materials. Aluminum is often chosen for its barrier properties, protecting the medication from moisture, light, and external contaminants.
- Sealed Compartments:
- Each dose is sealed in its own compartment within the strip, creating a barrier that preserves the integrity of the medication until it is ready to be taken. This type of packaging reduces the risk of contamination.
- Tamper-Evident Features:
- Strip packaging often incorporates tamper-evident features, providing visual cues to users if the package has been opened or tampered with, ensuring the safety and authenticity of the medication.
- Ease of Dispensing:
- The individual compartments in strip packaging are typically perforated, making it easy for users to tear off a single dose without exposing the remaining doses. This feature enhances convenience and reduces the risk of spillage.
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Remarkable Scopes for the Strip Pack Market
Key market players are committed to creating opportunities in the strip pack market to mitigate major challenges and maintain their market presence. These efforts will play a pivotal role in shaping the market’s future and driving increased consumer demand.
Notably, the governments of China and India are actively spearheading initiatives aimed at promoting the growth of pharmaceutical and biopharmaceutical companies. These initiatives encourage the development and manufacturing of drugs to combat a range of infectious and chronic diseases. They underscore the significance of advancing life science infrastructure and are expected to be substantial contributors to the market’s growth.
The pharmaceutical manufacturing sector has witnessed a remarkable surge in both domestic and outsourced markets, fostering the expansion of the market. Additionally, governments are extending support in the form of soft loans for pharmaceutical research and development (R&D) projects, as well as grant-in-aid for clinical trials focused on developing drugs for neglected diseases. These incentives offer significant opportunities for expanding market share and facilitating growth.
Key Playsrs
Constantia Flexibles Group GmbH
Amcor Ltd.
Wasdell Packaging Limited
Bemis Company, Inc.
Mikart, Inc.
ACG Pharmapack Private Limited
Svam Packaging Industries Pvt. Ltd.
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Key Segmentation
By Type:
- Plastic
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polypropylene (PP)
- Others
- Aluminum
- Paper
- Others
By End-User:
- Medicines
- Nutraceuticals
- Powder & granules
- Food
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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