
The competitive landscape has also been analyzed in the report along with the detailed profiles of the leading market players. Some of the other factors driving the market include rising prevalence of life style diseases, ageing population, stringent regulatory requirements and increasing demand of generic drugs Tekni-Plex is a technically diverse global business that develops and manufactures market-leading solutions for Medical, Pharmaceutical, Food and Specialty. In addition, products like child-resistant packaging with push-through, peelable, pressure-sensitive and anti-lock mechanism are modifying the production methods. Further, technological advancements in the pharmaceutical and food industries have enabled manufacturers to incorporate radio-frequency identification (RFID) tags in blister packs for simplifying supply-chain management. Medical trays or blisters of COC are highly rigid and can easily be combined with our peelable lidding foils. Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household &. This type of films is cheaper and of a better quality than the traditional laminates.

Moreover, factors like rising demand for unit dose packaging, sales of OTC drugs and monitored dosage system for improving patient compliance are providing a thrust to the market growth. Tekni-Plex is the only company that offers the in-house co-extrusion of PP.COC.PP. The growing need for convenient and tamper-free packaging has proliferated the demand for blister packaging in the pharmaceutical industry. Tekni-Plex develops and manufactures innovative packaging materials, medical compounds and precision-crafted medical tubing solutions. Additionally, as it provides easy product handling and transportation, it is extensively used for packing toys, consumer goods, food and medicines Due to this, it eliminates the need for cartons and helps in reducing packaging costs. This type of packaging displays a large part of the content to consumers while protecting it from heat, UV rays, humidity and contamination. These insights are included in the report as a major market contributorīlister packaging refers to a pre-formed plastic packaging which comprises of a cavity that is made using a thermoformed plastic and a paper or aluminum foil back. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end us industries. Looking forward, the publisher expects the market to reach US$ 32.2 Billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027. The global blister packaging market reached a value of US$ 22.7 Billion in 2021. “This is just one step in a very big effort to redefine what we offer our customers and how we can help them achieve better patient outcomes and a greater brand experience for consumers,” Chamulak said.Worldwide Blister Packaging Industry to 2027 - Players Include Honeywell International, Tekni-Plex, Display Pack and Pharma Packaging Solutions Tekni-Plex Consumer Products will cover all other products in the food, personal care and beauty and home markets. employee salary on average per hour Explore the company details, job salaries, location differences, and salary reviews. Tekni-Plex Healthcare will be responsible for all diagnostic, drug delivery and medical device products. The reorganization includes redefining how the company will deliver product solutions to customers. “We will partner with customers to advance healthcare technologies and lift world-leading consumer brands.”

We are working hard to build an exciting roadmap for growth – leveraging an incredible foundation of people, intelligence and resources to elevate our role and value for our partners and create growth and development opportunities for our people,” said Brenda Chamulak, Tekni-Plex president and CEO. Tekni-Plex has reorganized its business structure into two key market-focused divisions: Tekni-Plex Healthcare and Tekni-Plex Consumer Products. Employers are required to file annual reports for any year in which they have.
