flexible packaging services Archives - Business Intelligence

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medical packaging

Preparing Medical Packaging for the Circular Economy

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. In this article, we have listed out some ways in which companies in the medical packaging industry can drive sustainability in their operations.

In the medical device packaging sector, the ability to innovate proactively with the changing demands is vital. Request a free proposal to know how we help companies in the sector to monitor market changes and undertake agile packaging decision-making.

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.

Want to know how your business can engage in sustainable practices while not hampering your profit margins? Get in touch with an expert for detailed insights.

Education and training on recycling programs

With the increased awareness around sustainability in medical packaging, there is a need for education and training programs to create awareness on reusing and recycling. Several medical packaging manufacturers are working with medical device OEMs to recover more plastic and divert it back into the circular economy. The rising concern over the environment necessitates medical packaging manufacturers to perform detailed assessments of healthcare plastics use through pilot programs and establish an appropriate recycling process for clinical settings.

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European food packaging

Market Opportunity Analysis to Support Data-Driven Business Strategies for a Flexible Packaging Firm

With a growing focus on sustainability, flexible packaging is replacing traditional rigid packaging solutions. Also increasing market demand for consumer-friendly and sustainable packaging materials have propelled flexible packaging as a cost-effective alternative.

Despite the strong market demand for flexible packaging services, the entry of new players in the global flexible packaging market is projected to boost the market competition. This has made it vital for major players in the flexible packaging market to conduct market research and approach the right partners to provide intelligent business solutions.

Wondering how partnering with Infiniti Research can help you tackle market challenges? Request a FREE brochure to gain insights into our portfolio of services and their benefits for your business.

The Challenge 

A major flexible packaging company found several inefficiencies while trying to expand their business operations to the European market. The speed of transformative change, consumer perception of plastic, sustainability challenges, and difficulty in forecasting market size made this a complex undertaking for the team. The company also struggled with building up systems and processes to keep up with the escalating requirements of the flexible packaging market. All these challenges were further escalating the costs. With this, the client realized that assessing key competitors is not enough in this competitive market. It is vital for them to attain a wider understanding of the markets as a whole.

The company approached Infiniti Research for a solution to address the challenges and drive down the costs.

Are you facing similar challenges? If yes, our experienced market research experts can help. Request a FREE proposal to know how.

Our Approach 

Our market opportunity analysis experts leveraged various paid and non-paid databases, and other secondary sources of information to study the flexible packaging market in Europe. Also, they tracked the distribution channels of major competitors and conducted porter’s five forces analysis to examine the European flexible packaging industry’s competitive forces and likely profitability.

Key takeaways of this engagement 

  • Gained insights into market size estimate for the next 10 years
  • Identified factors affecting profitability and reduced time to market
  • Expanded their business operations around niche market segments

The client also achieved a 50% reduction in the total cost of operations and up to $13 million in potential annual operational savings.

Wondering how the client successfully achieved a spot in the European flexible packaging market? Download this FREE resource to gain detailed insights into this success story.

flexible packaging

Why Infiniti’s Market Opportunity Analysis Solution? 

Today, it is indispensable for organizations to understand the competitive landscape and market attractiveness to gain an edge over their peers. Market opportunity analysis helps organizations to effectively connect their products and services with their target customers. Market opportunity engagement also helps organizations comprehend the potential challenges and barriers to entry across niche market segments. Infiniti’s market opportunity analysis has helped various companies gain accurate and actionable data to devise effective go-to-market strategies.

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