Folding Carton Market for the pharma sector to grow at a steady rate: Market Report
According to marker research report, “Folding carton market for the healthcare sector is anticipated to register a CAGR of 4.12% during 2020-2025.”
Pharmaceutical segment is defined by requirements for quality, flexibility in the packaging of various drug products, and client requirements aligned to these products. In addition, increased adoption of customised folding cartons catering to specific company requirement is also influencing demand. Further, the demand for sustainable and recyclable packaging solutions for medicines and related products is fuelling the growth of Folded Carton packaging for this market.
Moreover, the introduction of advanced technology such as RFID, NFC is used in different packaging solutions to reduce the issues of counterfeiting and non-adherence in various pharmaceutical companies. Most of the drug manufacturers are using this technology to reduce medical errors and to improve the safety of their products during transportation.
The digitally printed Folded Carton packaging is amplifying because it can enhance the visibility of the products and can also increase the buyer's attention in any product. Also, the growing awareness of personalised packaging is further supporting the growth of this market.