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Combination Packs Market - Volume Analysis, Segments, Value Share and Key Trends 2017-2027

01-12-2018 06:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Manufacturers and brand owners around the world are seeking innovative ways to provide complementary and multiple product categories through singular packaging formats. Combination packs provide manufacturer and suppliers a flexible solution to cater different end use segments. Combination packs are popularly used in packaging of chemicals, cosmetics and pharmaceutical products. Ease and convenience in safe transport of hazardous chemicals for multiple container formats has supported the growth of global combination packs market.

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The global market for combination packs is characterized by supply of packaging formats such as corrugated cases and cartons, folding cartons, plastic bottles, blister packs, etc. The market for combination packs is witnessing the emergence of packaging formats fabricated through thermoforming technology. Packaging manufacturers with thermoforming capabilities are supplying combination packs with custom or bespoke designs and functionalities.

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Thermoforming technology allows manufacturers to customize packaging solution. Combination packs incorporated with customization features are expected to find lucrative market opportunities over the forecast period. In May 2017, pharmaceutical manufacturer Novartis Pharmaceuticals Corp. developed combination pack for its product Kisqali Femara. The combination pack provides solution for packaging of advanced breast cancer prescription products. The packaging design allows Novartis to employ the solution for varying dosages.

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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