Pharma packaging exhibition at INPHEX 2019, Saudi Arabia
INPHEX, the pharma exhibition will be held in Saudi Arabia in 2019 to boost the pharmaceutical industry in the country and offer lucrative market opportunities to different sectors involved with the business of pharmacy. This grand event will host several significant conferences as well, covering key subjects crucial to accelerating the growth of this industry. Various categories of Pharmacy exhibition have been planned for, including pharma packaging and other major exhibition categories. Numerous pharma exhibitors and traders are expected to attend this event from around 15 countries. Professionals and traders associated with pharma packaging sector can expect to avail business gains through networking and sharpen their know-how concerning their field.
The reason behind participating in an exhibition at Saudi
Saudi Arabia offers an attractive and a booming market for all sorts of Pharmaceutical products and services. Saudi Arabia is the twentieth largest economy of the world and in 2005, it earned its entry as a proud member of the World Trade Organisation (WTO). Business scope in this nation is undoubtedly handsome. The Government of the country is quite serious regarding uplifting and maintaining the health status of its fellow citizens and is also aiming at giving a boost to its existing pharma traders. Commercially appealing healthcare reforms, rewarding tax policy followed in the nation and free trade agreements are a few examples of smart strategies formulated to make the country more appealing to foreign traders and invite investment for mutual growth. Saudi Arabia accounts for approximately 59.4 percent of the pharmaceuticals products bought in the Gulf region. If a firm foothold in the Middle East is to be established in the Pharmaceutical arena, one needs to focus primarily on Saudi Arabia and on Pharma packaging Exhibition Middle East.
Pharmaceutical packaging market in Saudi Arabia
The packaging market of the country can be segmented on the basis of the packaging materials used commonly, like
Paper & Paperboard
Plastic is witnessed to enjoy the largest pharmaceutical packaging market share in Saudi Arabia, which reads approximately 62.50%. This is because of the fact that they are widely accepted in the pharmaceutical industry due to their ease of handling, storing and also the safety aspects. This is a highly preferred medical packaging product for ophthalmic medications, tablets & capsules, nasal dosages, syrups and as such liquid medications. Saudi Arabia pharmaceutical packaging market can also be divided according to the packaging types, like:
- Plastic Bottles
- Caps & Closures
- Strip Packs
- Medication tubes
- Intravenous (IV) Bags
Plastic bottles are believed to continue dominating the packaging market as they are used in prescription and bulk medications of the oral drugs as well as over the counter ones.
Gains from the exhibition
❖ Rubbing the shoulders with key players in the industry always does well for business networking. Without a reliable and strong network, you cannot expand your business.
❖ There are several topnotch pharmaceutical packaging companies in Saudi Arabia that too will be participating so a deeper insight into their pharma packaging machines, tools, materials used and techniques followed can be availed.
❖ Many seminars will be held too that will help in broadening your knowledge horizon on latest techniques, innovations, and approaches to improve product packaging look and its safety quotient. Remember that the Saudi Arabian healthcare sector has emerged in the recent past to earn the status of a major pharma manufacturing hub in the Middle Eastern region.