Pet Meds Market On the Rise

For thousands of years, people have depended on healthy animals for a variety of purposes. Pets offer companionship. Livestock provides people with essential dietary needs. Still others, such as horses, give people a mode of transportation and work. Keeping these animals healthy is crucial to many lives and industries. Making sure needed pharmaceutical products are shipped properly is essential to the people who care for and rely on animals for work, sport or recreation.

According to the Humane Society of the United States, 79.7 million homes in the U.S. have pets. The United States Department of Agriculture reported that there are 2.1 million farms in the U.S. The American Horse Council said there are 9.2 million horses in the U.S., owned by 2 million Americans.

Not only are pets, livestock and other domesticated animals important for people’s health and happiness, but they are also good for the economy. The USDA reported livestock sales reached $182.2 billion in 2012. Horses alone account for $39 billion a year, according to the American Horse Council. The horse industry as a whole generates 460,000 full-time equivalent jobs, though more than 4 million people are directly or indirectly involved in the horse industry.

Animal health industry
With so many important jobs for the animals of the world, it is crucial that we keep them healthy. Just as people need medicines and pharmaceuticals to prevent and treat diseases, animals do too. According to the Animal Health Institute, the U.S. produces 80 billion doses of animal vaccines annually. Researchers and developers spend between three and five years to create new vaccines. In 2010 alone, $689 million was spent on this type of research.

“The U.S. produces 80 billion doses of animal vaccines annually.”

This industry is growing. A TechNavio study of the animal health care industry predicts that in the next four years, the animal health market in North America will grow at a compound annual growth rate of 3.75 percent. This includes the markets for both companion and commercial animals.

This growth makes sense, considering the growing animal populations. The Humane Society estimated that, between 2012 and 2015-2016, the number of pet dogs increased by more than 7 million. The amount spent on veterinary care every year per dog increased by more than six times the amount spent in 2012.

Livestock population is increasing as well. According to the National Cattlemen’s Beef Association, the number of cattle in the U.S. increased by 1 percent in 2014, resulting in 89.9 million cattle throughout the country.

Delivering pharmaceuticals to animals
Considering the importance of keeping these animals healthy, it is essential that the necessary pharmaceuticals get to the animals and their care givers safely. The only way to do this is to ensure the products are transported in a secure environment.Pharmaceuticals are often packaged in a variety of different containers. Some come in glass bottles, plastic bottles while others are packed inside cardboard boxes. Using a paper void-fill system helps containers of all types stay in place during transport. Packers need to take extreme care to ensure the product is protected from external forces during the shipping process.

American pet owners will spend more than $1,000 on vet care for their dogs in 2015-2016.U.S. pet owners are expected to spend $1,436 on veterinary care per dog in 2015-2016, an increase of more than $1,000 from 2012.

When choosing a packaging solution, companies should take into account worker ergonomics as well as customer perception.  For example, paper that is soft on hands and easy to tear increase worker productivity and prevent abrasion – to the hands and the packaged items.  Happy workers are much more likely to take pride in their work ensuring the product arrives with the right amount of protection to maintain package integrity.  This helps build positive customer relations and create confidence in the product itself.