17 June 2024
17 June 2024
This advanced system optimises packaging for safety and significantly cuts waste, advancing the company's sustainability efforts.
The new packaging has up to a 82% smaller carbon footprint than recyclable glass bottles of the same volume.
The solution is reportedly suitable for installation at both manufacturing plants and recycling centres.
The solution is designed to promote correct posture and reduce stress on the operator’s arms and lower back when packaging pallets.
The new range is reportedly suitable for various food and non-food applications.
The addition will create a total of five rotogravure presses for the company.
The company aims to build on existing relationships with key FMCG clients in the region.
Kivits will now also serve as a member of the company’s board of directors.
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Per GlobalData, the pharmaceutical packaging market was valued at $127.0 billion in 2023 and is expected to grow at a CAGR of >6% over the forecast period (2023-2030). The rise in demand for generics, biosimilars, and vaccines globally, is supporting the growth of the corresponding packaging requirements. In addition, the industry is witnessing manufacturing advancements with the introduction of innovative solutions such as BFS vials, anti-counterfeit solutions, AI-equipped inspection, and smart packaging techniques.
Per GlobalData, the pharmaceutical packaging market was valued at $127.0 billion in 2023 and is expected to grow at a CAGR of >6% over the forecast period (2023-2030). The rise in demand for generics, biosimilars, and vaccines globally, is supporting the growth of the corresponding packaging requirements. In addition, the industry is witnessing manufacturing advancements with the introduction of innovative solutions such as BFS vials, anti-counterfeit solutions, AI-equipped inspection, and smart packaging techniques.
Per GlobalData, the pharmaceutical packaging market was valued at $127.0 billion in 2023 and is expected to grow at a CAGR of >6% over the forecast period (2023-2030). The rise in demand for generics, biosimilars, and vaccines globally, is supporting the growth of the corresponding packaging requirements. In addition, the industry is witnessing manufacturing advancements with the introduction of innovative solutions such as BFS vials, anti-counterfeit solutions, AI-equipped inspection, and smart packaging techniques.
Per GlobalData, the pharmaceutical packaging market was valued at $127.0 billion in 2023 and is expected to grow at a CAGR of >6% over the forecast period (2023-2030). The rise in demand for generics, biosimilars, and vaccines globally, is supporting the growth of the corresponding packaging requirements. In addition, the industry is witnessing manufacturing advancements with the introduction of innovative solutions such as BFS vials, anti-counterfeit solutions, AI-equipped inspection, and smart packaging techniques.
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