Press release
Taiwan Pharmaceutical Packaging Market Report: Future Growth at a CAGR of 16.2% during the forecast period 2024-2032
๐๐ก๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: -https://www.astuteanalytica.com/request-sample/taiwan-pharmaceutical-packaging-market
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
1. Growing Regulatory Requirements for Safe and Secure Pharmaceutical Packaging
Taiwan's pharmaceutical packaging market is significantly shaped by stringent regulations aimed at ensuring drug safety, serialization, and anti-counterfeiting measures. Notable developments include:
TFDA approvals: Over 200 new drug applications in 2023 required advanced packaging solutions.
Increased compliance checks: The government conducted 500+ inspections to ensure pharmaceutical packaging standards.
Rise in counterfeit medicines: Over 10,000 counterfeit drug cases were reported, reinforcing the need for secure packaging.
Innovation in serialization: The Taiwanese serialization market was valued at US$ 100 million, ensuring track-and-trace capabilities for pharmaceuticals.
Taiwan's regulatory collaboration with global organizations such as the International Council for Harmonisation (ICH) has influenced local packaging protocols. Compliance costs for pharmaceutical companies can reach US$ 1 million per incident, further driving demand for secure and compliant packaging solutions.
๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
1. Shift Towards Personalized Medicine Driving Packaging Customization
The personalized medicine sector in Taiwan is growing rapidly, requiring customized packaging solutions. Key indicators include:
1,000+ clinical trials in Taiwan focusing on personalized medicine.
US$ 500 million market value for personalized medicine in 2023.
3D-printed packaging adoption, reaching 1 million units in 2023.
Growth in smart packaging: The market for smart labels, NFC, and QR-code enabled packages was valued at US$ 50 million.
The demand for customized and secure pharmaceutical packaging is expected to surge, with biodegradable materials, digital twin technology, and tamper-evident solutions playing an increasing role in the sector.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ & ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
1. Balancing Cost-Effectiveness with Innovation in Pharmaceutical Packaging
The challenge for pharmaceutical packaging manufacturers in Taiwan is to innovate while keeping costs manageable:
500+ new packaging solutions introduced in Taiwan in 2023.
US$ 500,000 average cost of developing new pharmaceutical packaging.
Increased automation: Over 100 new automation projects were launched to streamline manufacturing.
Sustainable packaging initiatives: Over 1,000 research projects focused on eco-friendly alternatives.
Adoption of AI in packaging design: AI-driven packaging optimization led to 500 new applications.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Leading players in Taiwan's pharmaceutical packaging industry include Taiwan Hon Chuan Enterprise, China Chemical & Pharmaceutical Co., and other regional players. Industry players are increasingly investing in R&D and manufacturing expansion to stay competitive:
Taiwanese pharmaceutical firms invested over US$ 200 million in R&D for packaging innovation.
Launch of biodegradable pharmaceutical packaging solutions by two major Taiwanese companies in 2023.
Sustainability commitments: 60% of pharmaceutical companies in Taiwan now use eco-friendly packaging materials.
๐๐๐๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐๐ฑ ๐จ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ญ๐ฎ๐๐ฒ ๐๐ญ @ย https://www.astuteanalytica.com/industry-report/taiwan-pharmaceutical-packaging-market
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐๐ข๐ฐ๐๐ง ๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
Amcor Limited
Westrock Company
Kwang Dah Enterprises Co.,Ltd
Taiwanย Forever Co., Ltd.
Taiwan Liposome Company, Ltd.
Inora Pharmaceutical Machinery Co.,Ltd.
Neostarpack Co., Ltd.
JENN CHIAN MACHINERY CO., LTD.
Mill Powder Tech Solutions
Other Prominent Players
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐๐ฒ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐ฒ๐ฉ๐
Primary
Secondary
Tertiary
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Cardboard
Boxes
Cartons
Display Unit
Paper
Label
Leaflet
Glass
Ampoules
Bottles
Vials
Pre-filled syringes (PFS)
Cartridges
Plastic
Closure
Bottles
Bags
Tubes
Injection Trays
Laminates with paper or foil
Metal
Collapsible tubes
Rigid cans
Foils
Pressurized containers
Rubber
๐๐ฒ ๐๐ซ๐ฎ๐ ๐๐ฒ๐ฉ๐
Oral Drugs
Injectable
Topical
Ocular/ Ophthalmic
Nasal
Sublingual
Pulmonary
Transdermal
IV Drugs
Others
๐๐ฒ ๐๐ซ๐๐ฌ๐๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐
Prescription
Branded drugs
Generic drugs
OTC
Branded drugs
Generic drugs
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
Future Outlook
The Taiwan pharmaceutical packaging market is poised for rapid innovation, with sustainability, regulatory compliance, and smart packaging shaping the industry. With new technologies such as AI-driven designs, blockchain-enabled track-and-trace, and biodegradable materials gaining traction, the market is expected to experience significant transformation in the coming years.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:-ย https://www.astuteanalytica.com/request-sample/taiwan-pharmaceutical-packaging-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
๐๐๐ญ ๐ข๐ง ๐ญ๐จ๐ฎ๐๐ก ๐ฐ๐ข๐ญ๐ก ๐ฎ๐ฌ
๐๐ก๐จ๐ง๐ ๐ง๐ฎ๐ฆ๐๐๐ซ: +18884296757
๐๐ฆ๐๐ข๐ฅ: sales@astuteanalytica.com
๐๐ข๐ฌ๐ข๐ญ ๐จ๐ฎ๐ซ ๐ฐ๐๐๐ฌ๐ข๐ญ๐:ย https://www.astuteanalytica.com
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