Packaging Demand Rising around the World
The Freedonia Group (Cleveland) predicts that worldwide demand for pharmaceutical packaging supplies will increase 6.3% to more than $30 billion in 2009. The United States continues to lead as the largest consumer of pharmaceutical packaging. And, together with Western Europe and Japan, the developed countries account for more than 70% of demand. China will provide the strongest gains.
In the United States, sophisticated new therapies with specialized packaging needs are driving demand, reports Freedonia. The research firm cites government standards requiring unit-dose and high-barrier packaging for certain products in Western Europe, and easing drug price controls in Japan. Pharmaceutical manufacturing is scaling up rapidly in China, the firm notes, and the government is working to increase drug quality and integrity.
Prefillable inhalers and prefillable syringes should see the fastest growth, writes Freedonia. Plastic bottles will hold the largest share, while blister packaging will generate strong growth in global demand. Other hot trends are child resistance, senior friendliness, compliance enhancement, high-visibility labeling, and tamper evidence.
The report is available from The Freedonia Group for $5500. For more details, visit www.freedoniagroup.com.