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This blog provides:
- An overview of the medical packaging market
- How companies in the medical packaging industry can drive sustainability
Healthcare facilities usually generate about one million tons of clean, non-infectious healthcare plastics every year. This necessitates healthcare providers to find a way to minimize the waste stream and their consequent impact on the environment. Although challenging, a comparatively easy way for healthcare companies to achieve this is through design innovation, process improvement, and material optimization for medical packaging. Furthermore, increasing number of OEMs are expecting their partners to become environmentally responsible. Medical OEMs bidding for contracts must support responsible sourcing decisions, medical packaging recyclability, and identify the use of recycled materials in primary packaging. Some of the top medical device packaging companies are already aligning their operations to this agenda by increasing the emphasis on sustainability of their products.
During the COVID-19 crisis, it is critical for companies in the medical packaging market to take calculative and well-executed measures to ensure business continuity in the long run. Contact us to know how industry experts at Infiniti Research can help you plan and create comprehensive action plans to navigate the crisis.
In this article, we have listed out some ways in which companies in the medical packaging industry can drive sustainability in their operations.
Collaboration to develop circular economy products: Collaborating with a packaging partner at the earlier stages of the production process itself will help create innovative packaging that is both sustainable as well as serves the purpose of medical packaging. Designers in the medical packaging industry have already started working on ‘green designs’ that aims to reduce the energy use and materials required for production. Tools like design and package integrity simulation allows medical packaging companies to decide in the concept stage itself about the choice of design and how it will impact the performance of the package. This gives more confidence to medical packaging companies to go ahead with the prototyping and manufacturing stages.
Cost-saving transportation and logistics: Waste minimization in the medical packaging industry can not only be achieved by rethinking the packaging materials but also through planning the transportation costs and controlling CO2 emissions. Simulation tools can help medical packaging companies to lower their transportation and logistics costs. By adopting strategies such as bulk freight shipment, medical packaging companies can reduce the impact of packaging on the environment and thereby reduces the transportation or inventory cost incurred by the company.
For an in-depth market analysis on how COVID-19 will impact the medical packaging market and data-driven insights to plan your next moves, request more info here.
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