In 2020, the drug packaging market was large and is predicted to continue registering significant growth between 2021 and 2028, with increasing healthcare expenditure and a rise in the prevalence of various eye diseases being key factors responsible for driving revenue growth. Topical drugs refer to medications applied to a specific location on or inside the body, such as mucous membranes and skin, to treat a particular disorder.

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The higher awareness of healthier lifestyles among consumers, rising healthcare expenses, and growing usage of topical drugs are expected to drive the growth of the topical drug packaging market. The global topical drug packaging market revenue growth is driven primarily by increased integration of various companies, ongoing technological innovations, and emergence of advanced manufacturing processes. The cost of topical drug packaging is very high due to their rising manufacturing costs, stringent safety norms by government organizations, and the use of expensive raw materials to provide these topical drugs with longer shelf lives. The North American market accounts for the largest share in the topical drug packaging market, while Asia Pacific dominates the market due to the high incidence of skin diseases, growing use of contraceptives, and surging emphasis of various pharmaceutical companies on the manufacturing of transdermal drug delivery systems. Key companies in the market include Origin Pharma Packaging, Halo Pharma, Johnson Johnson, Novartis AG, GlaxoSmithKline, and others. The report also includes an analysis of the impact of COVID-19 on the market, including details of the negative and positive impacts resulting from the pandemic and changes in the market, as well as a comprehensive country-wide lockdown and partial lockdown analysis.

Topical Drug Packaging Market: Notable innovation

In recent years, the topical drug packaging market has witnessed several notable innovations. One such innovation is the use of airless dispensing technology, which eliminates the need for preservatives and helps to maintain the efficacy of the drug for longer periods. Another innovation is the use of tamper-evident packaging to ensure the safety and integrity of the product. Additionally, the use of eco-friendly and sustainable packaging materials has gained traction, with manufacturers exploring options such as biodegradable and compostable packaging. Smart packaging, which incorporates technology such as sensors and RFID tags to monitor the temperature and usage of the product, is also an emerging trend in the topical drug packaging market.

Topical Drug Packaging Market: product development

In terms of product development in the topical drug packaging market, there has been a focus on creating packaging solutions that offer greater convenience and ease of use for patients. This has led to the development of packaging that is more user-friendly, such as those with easy-to-open caps or applicators that are more precise and easier to use.

There has also been an increase in the use of sustainable and eco-friendly materials for packaging, as there is growing awareness of the need to reduce the environmental impact of packaging. Some manufacturers have started using biodegradable or compostable materials for packaging to reduce waste and improve sustainability.

Another area of product development is the use of smart packaging, which incorporates technology such as sensors and RFID tags to monitor the usage and storage conditions of the product. This can help improve patient compliance and ensure that the medication remains effective over its shelf life.

Overall, product development in the topical drug packaging market is focused on improving patient experience, reducing environmental impact, and leveraging technology to enhance functionality and convenience.

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