Future Packaging to redefine India Pharm industry growth- InnoPack Pharma Confex

Speaking on the announcement of the 11^thAnnual InnoPack Pharma Confex, Mr. Yogesh Mudras, Managing Director, Informa Markets in India said, “We are pleased to announce that the InnoPack Pharma Confex will return to its flagship in-person formatwith a focus on the pharmaceutical packaging industry which will no doubtfacilitate its growth to reachan estimated $3Billion by 2030, coupled with Government incentives and rebate programs. TheConfex will provide the industry stakeholders a unique platform to see a comprehensive range of packaging and processing technologies while also affording them the scope for productive, in-depth discussions with vendors to solve pain points and address challenges.”

The Government of India has introduced the Production Linked Incentive (PLI) scheme for encouraging domestic manufacturing and achieving an Atmanirbhar Bharat. The adoption and compliance with regulatory norms in pharmaceutical packaging, along with standards about packaging recyclinghas bolstered the growth of pharmaceutical packaging market in India. The India pharmaceutical packaging market size was valued at $1434.1 million in 2020, and is projected to reach $3027.14 million by 2030 at a CAGR of 7.54% from 2021 to 2030.

The event will witness the presence of various Policy Makers, Industry Captains from Associations, Participations of Leaders from top pharma & biopharma companies. It has been well received by both MSMEs and large companies in form of participation and associations. Some of the key delegates include representations from companies such as Aurobindo, Dr. Reddy’s. Zydus, Piramal, Wockhardt, Glenmark, Cipla, GSK, Alembic pharma, Reliance Lifesciences, Macleods pharma, Sanofi, Indoco Remedies, J&J, among others.

The pharma packaging sector in India gained the much-needed impetus to be considered the preferred packaging partner worldwide. The conference agenda intends to accelerate the growth of this industry.The sessions over the two-day conference will be delivered by Vishwanath Swarup, Chief Operating Officer, Bharat Serums and Vaccines Limited, Dr. Aravindan Raghavan, Corporate Head – Global Operational Excellence, Syngene International Limited, Sriman Banerjee, Head of Packaging Development & CDE, R&D Pharma Sci, Takeda Pharmaceutical Company Limited, Rajendra Vidwans, Biopharma Consultant, Ami Polymer Pvt. Ltd., Ravi Kumar, Head-Supply Chain , Johnson & Johnson Pharmaceuticals(Janssen)and amongst other key packaging experts.

Following the Confex, Informa Markets in India is all set to bring in the 7^th edition of India Packaging Awards, and continue its legacy of honoring the leaders driving the industry, in the midst of a global audience. Slated for 9^th June 2022, the stage is all set and eager to felicitate the best from the Pharma Packaging Industry. The Awards platform will comprise presentations, exclusive product launches, along with the awards and recognition ceremony.