Market To Touch $ 14 Bn by 2013
global demand for smart packaging using new technologies
such as RFID is set to grow to $4.8bn (€3.8bn) in 2011
and reach $14.1bn in 2013, according to a recent report
by research firm NanoMarkets.
The demand is being driven by changes in consumer
demographics and the need for more convenient and
anti-counterfeit solutions in pharma packaging, to
ensure product quality and usability and improve supply
chain efficiency and security.
However, at present the penetration of smart packaging
in the pharma industry is still very low due to the
prohibitive costs involved.
Clearly, a world of opportunities awaits for equipment
suppliers, material suppliers, technology providers
converters and printers who can come up with cost
friendly smart packaging solutions.
The pharma industry's leading radio frequency
identification (RFID) vendors recently gathered to share
expertise and evaluate the potential of their RFID
technologies in a living laboratory, in their quest to
produce a market viable solution to drug counterfeiting
and supply chain.
(Ref : Chronicle Pharmabiz dated October 5, 2006)
Leading Packaging Firm, Truepack For £5 Million
In a major development in the Indian Pharmaceutical
packaging space, UK based Rexam, one of the world's top
five in consumer packaging groups has acquired Truepack,
a dedicated pharmaceutical packaging major and a leader
in the south India for a total cash consideration of £5
Million. The new company 'Rexam Pharma' is located at
the same premises of Truepack in the Peenya Industrial
Rexam is not an unfamiliar name in the Indian
pharmaceutical space and was much sought after providing
of packaging solutions. "With the acquisition of
Truepack, we will support the Indian pharma industry's
growth. Our focus is both domestic market and regulated
regions. We will now capitalize on Truepack's marketing
network to further augment our presence in the country
and increase our domestic customer profile", Eric
Soubeiran, managing director, Rexam Pharma, told
Pharmabiz in a telephonic interview.
Plans are underway for more acquisition in India but no
details in terms of a specific sector or investments
The 8 year old Truepack, which was a part of the London
based Comcraft & Tecapet Group, pioneered the concept of
design and manufacture Three Piece Droppers using
Injection Blow Moulding Technology (IBM), which is
housed in a modern Class 10K facility at Bangalore. This
product is used for packing ophthalmic, nasal and other
oral drops. It is also know for its tamper evident
closure systems. The company also has a product design
development centre, customized lab for validation and
testing of process and products apart from quality
control departments. In FY March 2006, Truepack
registered sales to the tune of £2 million, almost
exclusively from the domestic market. It also recently
received approvals from US for exports.
According to Lars Emilson, chief executive officer,
Rexam, "These deals are further evidence of our strategy
to extend our business into emerging markets. Truepack,
a well invested pharma focused company with a good
client base, gives us a foothold in India's fast growing
pharmaceutical packaging market."
(Ref : Chronicle Pharmabiz dated August 31, 2006)