With each passing year, the legalized cannabis industry grows as the stigma associated with it decreases. Ten states currently permit recreational marijuana, over 20 more permit medicinal use, and annual nationwide spending on legal cannabis is projected to reach nearly $50 billion in the next decade.
ProMach has expanded its labeling and coding solutions portfolio with the acquisition of Code Tech Corp. a leading provider of inkjet marking and coding solutions for companies in a variety of industries.
Active and intelligent packaging platforms serve different roles. Active packaging acts directly with the packaged product by interacting with it chemically or biologically. It has an effect on the product in the pack to extend shelf life, maintain quality and inhibit microbial or fungal growth, or it provides information about the condition of a product.
Advancements in active and intelligent packaging technologies are helping to ensure that oral solid dose (OSD) drug delivery — which comprises both capsules and tablets — remains the most popular delivery method in use today.
Consumers are looking for convenience in poultry products due to smaller households and busy schedules. There is high demand for microwave-safe, flexible packaging options and designs with resealable closures, such as zippers, and small portions. As well, poultry packaging manufacturers are introducing innovative products that now include intelligent technologies.
Demand for digital printing in packaging was estimated to be valued at over U.S. $11 billion in 2016, and a new report by Future Market Insights estimates it to grow at 15.3 percent to surpass U.S. $52 billion in revenues by 2027.
As hospitals, labs and entire supply chains adopt RFID technologies, they become smarter. Smart labeling provides another layer of visibility, efficiency and, ultimately, patient safety to the healthcare industry.
Anyone associated with pharmaceuticals and packaging is likely aware President Trump signed the SUPPORT Act recently. The Substance Use–Disorder Prevention that Promotes Opioid Recovery and Treatment for Patients and Communities Act, also known as SUPPORT for Patients and Communities Act, includes a specific address to the type of packaging that should be utilized to stem the tide on opioid addiction.
For the beverage industry, the power of packaging has never been more important — new entrants into the space can literally live or die by it. With the global marketplace becoming more crowded, the opportunity to get noticed on-shelf or online is more competitive than ever.