Folding Carton market in healthcare on the rise
According to market research report by Repoterlinker, folding carton market for the Healthcare market is expected to register a CAGR of 5.72% during this forecast period. Furthermore, Healthcare segment is defined by regulatory requirements for quality, flexibility in the packaging of various drug products, and client requirements aligned to these products. Nonetheless, major vendors in this market also provide customised folded carton packaging solutions for its customers.
The demand of folding carton is on the rise due to the increased competition in the pharma industry. Also, use of folding carton offers an additional area for regulatory information, which is limited in small vials and bottles. Tamper evidence and protection from children are the latest introductions to pharmaceutical packaging. These properties are mostly achieved through a combination of material technology (strength properties) and design, which is further driving the demand for folding carton in child-proof medicine packaging.
Folding carton market is on the rise due to several other significant factors such as labelling, smart packaging and increasing demand of pharma products in Asia Pacific region. Populous countries like China and India are witnessing a surge in demand due to the increasing prevalence of the pharmaceutical and healthcare market in these countries.