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The market is witnessing an increasing adoption of nano-drug delivery systems, which make use of nanoparticles to deliver therapeutic agents precisely and with controlled release. These are novel yet quickly evolving technologies that have the potential to treat microbial, cardiovascular & inflammatory disorders, cancer, and diabetes. When it comes to treating chronic conditions such as cardiovascular diseases, nanotechnology has tremendous potential in terms of targeted and site-specific drug delivery. A unique kind of packaging called Child-Resistant Packaging (CRP) is used to minimize the risk of kids handling and consuming potentially harmful products. Moreover, the increasing use of CRP packaging for targeted drug delivery is driving the industry expansion.
Rising product innovations, sophisticated manufacturing techniques for creating sustainable packaging solutions, the emergence of generic drugs, and serialized tracking & tracing of drugs are some of the major factors contributing to the growing pharmaceutical packaging demand.