Industry News

Smart Packaging Market To Touch $ 14 Bn by 2013

The 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)





Rexam Acquires 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 Area, Bangalore.

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 were disclosed.

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)


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