A contract packager is a company that packages and labels products for clients. In the healthcare space, pharmaceutical contract packaging solutions help drug manufacturers, wholesalers, telehealth companies and GPOs bring new products to market while still managing the packaging needs of existing products within their portfolio.
As reported in Why Pharma Companies Choose Contract Packaging Specialists?, published November 15, 2019, in Pharma Tech Outlook, evolving serialization technology is changing the industry. New packaging, labeling, storage, and shipping needs, as well as the benefits of automated packaging for quality control and product security, means pharmaceutical contract packaging needs will continue to rise.
The pharmaceutical contract packaging market
According to Pharmaceutical Contract Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026), published in July 2021 by Mordor Intelligence, "the pharmaceutical contract packaging market was valued at USD $11.86 billion in 2020, and it is expected to reach USD $21.18 billion by 2026, registering a CAGR of 10.2%, during the forecast period of 2021-2026."
Companies are outsourcing packaging services to reduce production costs and increase their products' speed to market. Lack of in-house packaging capabilities and regulatory expertise also contribute to the rise in contract packaging services.
Why use a third-party vendor for contract packaging?
According to the Association for Contract Packagers and Manufacturers (CPA), there are several reasons to consider the use of a contract packaging vendor.
Cost: Save money on equipment purchases, rental or maintenance: Many providers simply don't have the space, resources or budget to operate in-house, especially if using non-standard packaging materials or equipment.
Convenience: Centralizing all operations into a single location ensures production and control are easier to manage.
Safety and quality: If you don't have expertise on your own staff, trust a contract packager who already has the knowledge needed to ensure the product is packaged safely and follows FDA and CGMP standards.
Selecting a reputable pharmaceutical contract packaging partner
Safecor Health has been the national leader committed to providing unit-dose repackaging services for more than 75% of the U.S. News & World Report “Honor Roll” Hospitals. But many organizations may not realize that Safecor Health also offers pharmaceutical contract packaging services including
- Oral solids: Unit-dose, single-dose and multi-dose sachets
- Liquids: Unit dose cups, oral syringes and ENFit syringes
- Controlled substances: C-II and C-III through V
- Vitamin and supplement packaging
- Medical device kitting: ISO 13485 certified, ISO class 8 cleanroom
In addition to packaging, Safecor Health is licensed as a drug wholesale distributor throughout the U.S. All of our packaging services adhere to the unique requirements set forth for pharmaceuticals and can help improve label and product standardization. Safecor Health is cGMP compliant, FDA and DEA regulated, and compliant in CFR 201, 211, Part 4 and 820. Our packaging processes follow all current FDA, USP, ISP, cGMP and any specific manufacturer packaging requirements. We use stability testing on our various packaging formats as necessary to ensure quality, safety and regulatory compliance.
Are you ready to see how Safecor Health can help your company save with contract packaging services? Contact Safecor Health to learn more.
Sources:
https://www.contractpackaging.org/why-use-a-contract-packager
