Speaking on the occasion of the 11th Annual InnoPack Pharma Confex, Mudras said, “The pharmaceutical industry anticipates lucrative growth with the development of various drugs and medication, wherein it will give a boost to the packaging industry. The government reforms and surge in demand have kept the pharmaceutical packaging industry on a strong growth trajectory. The pharmaceutical packaging market valued at $1.4 billion is expected to grow at a rate of 8.10% CAGR during 2022-2027 and 7.54 per cent CAGR till 2030 and reach the market size of $3 billion. Innopack Pharma Confex is an important platform for the pharma packaging industry of the Indian sub-continent as a sourcing ground for the Pharma industry’s packaging requirements.” 

“Nowadays, the modern-day healthcare professional and individual customer demand convenient as well as sustainable product and packaging. Curated with the theme ‘Innovation and Sustainability Paving the Way Forward’, the 11th Annual Innopack Pharma Confex speaks about the latest information on ground-breaking research, trends, regulations updates, display of innovations and addressed solutions to sustainability challenges," he further added.

The event also included packaging workshops, a packaging leaders round table session, a start-up zone and the most celebrated 7th edition of the India Packaging Awards.