Rajesh Khosla talks about trends and future for Pharma packaging. He also spoke about latest advancements in pharmaceutical packaging technology and the company’s expansion plans.
The pharma packaging industry is currently undergoing dynamic changes to meet the evolving needs of pharmaceutical companies. Several trends are shaping the landscape, and here are some key focuses:
The future of pharmaceutical packaging is driven by advancements in technology and evolving industry needs. Key trends include personalised medicine and patient-centric packaging, digitalisation, and connectivity, intelligent packaging with real-time monitoring, sustainability and environmental considerations, and anti-counterfeiting technologies. These developments aim to improve patient safety, enhance medication adherence, increase supply chain transparency, and reduce environmental impact.
Smart packaging has emerged as a significant innovation in the pharmaceutical industry, offering advanced technologies that enhance various aspects of medication packaging. Smart packaging is also leveraging technologies like NFC tags or QR codes. One crucial aspect of smart packaging is tamper-evident seals, which ensure the integrity of the product. Temperature monitoring systems are another valuable inclusion in smart packaging. They help maintain optimal storage conditions for sensitive medications, such as vaccines or biologics. These features allow patients and healthcare providers to track and authenticate medications, ensuring their authenticity and preventing the entry of counterfeit drugs into the supply chain. Overall, smart packaging in the pharmaceutical industry enhances patient safety, improves medication adherence, and facilitates supply chain integrity.
The pharmaceutical packaging industry has witnessed significant advancements in recent years. Smart packaging, incorporating technologies such as temperature monitoring, humidity control, tamper-evident seals, and RFID tracking systems, has emerged as notable innovation, enhancing product safety. There is a growing focus on sustainable packaging solutions, including the use of recyclable materials and biodegradable packaging, in response to environmental concerns. Anti-counterfeiting measures, such as tamper-evident packaging and serialisation, are being employed to combat counterfeit drugs. Patient-friendly packaging solutions, incorporating user-friendly features such as easy-open containers and dose reminders, aim to improve medication adherence and enhance the overall patient experience. Furthermore, the integration of digital technologies, such as QR codes and near field communication (NFC) tags, is enabling access to digital content and patient support resources. These advancements collectively contribute to improved safety, sustainability, patient experience, and supply chain efficiency in pharmaceutical packaging.
AGI Glaspac recently started commercial production from its state-of-the-art speciality glass manufacturing plant in Telangana with an installed capacity of 154 tonnes per day. This allows the company to meet the growing demand for glass packaging solutions from high-end pharmaceuticals including vials, perfumery, cosmetics and other segments. The company is also focused on expanding market reach both domestically and internationally. Recognising the strong demand for our products and the potential for supply in various regions, we have made the strategic decision to expand into export markets. This expansion allows us to tap into new opportunities and cater to a broader customer base. Currently, we are exporting high-end products such as perfumery and cosmetics catering to the specific needs of customers across EU, Canada, and South Africa. By understanding customer requirements and delivering high-quality glass packaging solutions, we have built strong relationships with our clients in India and other markets. Our customer-centric approach ensures customer satisfaction and loyalty, contributing to our continued growth.
Currently, one of our furnaces is temporarily shut down as we are undergoing the process of relining it. During this shutdown, we are also taking the opportunity to increase its capacity by 100 tonnes, bringing the total capacity to 425 tonnes. The capital expenditure (capex) required for this relining and expansion project amounts to approximately Rs 200 crore.
In January 2023, we successfully commenced commercial production at our state-of-the-art specialty glass plant located in Bhongir which has an installed capacity of 154 tonnes per day, enabling us to meet the growing demand in the high-margin cosmetic, perfumery, and F&B segments. This expansion has allowed us to enter new markets and diversify our product offerings. To further enhance our capabilities, we have also established a state-of-the-art technology integrated decoration facility within the plant. This facility enables us to provide hot foil stamping, coating, lacquering, and coloring services, ensuring high-quality decoration of our specialty glass products.
This facility will enable us to customise solutions to meet the requirements of our customers. One of our key strengths lies in the flexibility of our production lines. We can quickly adapt and customise our manufacturing processes to align with specific customer needs, ensuring timely delivery within stipulated timeframes. This agility allows us to cater to varying demand patterns and offer tailored solutions to our valued customers. The strategic location of our warehouses near our key markets helps us minimise delivery lead times and ensure prompt and efficient order fulfilment.
Sustainability is a challenge in the packaging industry as it is in all industries across the globe. Here are some important aspects to consider:
By focusing on these aspects, the packaging industry can make significant strides towards achieving sustainability goals.
The company’s focus on quality, innovation, sustainability, and customer satisfaction helps the company differentiate from the competition present in the market. Our state-of-the-art manufacturing plants, equipped with advanced technologies and production capabilities, allow us to deliver high-quality glass packaging solutions that meet stringent pharmaceutical industry standards. We offer a wide range of glass packaging solutions specifically designed for the pharmaceutical industry. This includes vials, bottles, ampoules, and containers of various sizes and shapes. Our emphasis on innovation in the packaging designs, combining functionality, aesthetics, and user-friendliness helps us in creating packaging solutions that enhance the safety, usability, and visual appeal of pharmaceutical products. We adhere to stringent quality control measures, including rigorous testing and inspection processes, to ensure that its packaging meets the highest standards, helping us to be a reliable and trusted partner for our pharmaceutical clients. We collaborate closely with pharmaceutical clients to provide tailored packaging solutions, offer technical support, and ensure prompt delivery.
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