Micro Packaging - An Evolving Packaging Technology Nano technology, the technology on which micro packaging is based upon, has witnessed significant innovative breakthroughs since the early 2000s. Active packaging, intelligent packaging, nano bar codes are some of the inventions which gave rise to the development of micro packaging concept.
The ability to manipulate materials on the nano scale is being exploited by almost every industry so as to create a host of different properties such as heat resistance, greater strength, improved electrical conductivity etc.
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Micro packaging is expected to grow at a rapid pace in the pharmaceutical packaging industry owing to the fact that nano-enabled pharmaceutical packaging has occupied the highest market share of 45% in 2014 and is projected to grow at a CAGR of 15.9% during the forecast period.
Micro packaging, developed on the base of nano technology, is poised to have a strong impact in the pharmaceutical packaging owing to its ability to enhance stability and shelf life to the drug and the delivery system. The advent of new drug delivery systems and the development of new biochemical compounds, have generated the need for improved protection against factors such as moisture, light, oxygen and mechanical forces.
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Micro packaging includes addition of certain nanoparticles into shaped objects and films so as to render them light, fire-resistivity and strength in terms of mechanical and thermal performance, as well as less permeable to gases. Micro packaging, with incorporation of nano-engineered materials such as nano coatings and nanocomposite-based packaging films, controls microbial growth, delays oxidation, improves tamper visibility and anti-counterfeiting, thereby ensures the drug safety for longer durations.
Target audience: •
Global packaging manufacturers, traders, and distributors
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Raw material suppliers
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Global packaging importers and exporters
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Global packaging suppliers
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Government and research organizations
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Associations and industry bodies
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End users such as manufacturers of food & beverages
Growth Drivers: •
Rising Population
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Rapid Urbanization
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Increase in Per-Capita GDP Growth Rate
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Growth in Manufacturing Sector
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This report provides information about the applications of Nano technology based. In this report, we have covered key applications, new product development, total addressable market, regulatory framework, product market fit, SWOT analysis, and investment challenges. The major players in this industry include Amcor Limited, Bemis Company, Inc., Avery Dennison Corporation, Bayer AG, and Tetra Pak International S.A.
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