Developed countries in Western Europe, the United States, and Japan will account for nearly three-fourths of the demand for worldwide pharmaceutical packaging.
The Freedonia Group projected this demand to increase 5.9% per year to more than $34 billion in 2011.
In its new study, World Pharmaceutical Packaging, Freedonia notes that China will provide the strongest growth opportunities, while India and Brazil will evolve into fast-growing pharmaceutical packaging markets as drug-producing sectors are upgraded and diversified, especially generic drugs. Among other findings in the report were the following:
Easing government-imposed drug price controls and export growth will boost pharmaceutical packaging sales in Japan.
Prefillable inhalers and prefillable syringes will generate opportunities based on benefits in drug delivery and the introduction of bio-engineered medicines. These will help increase global demand
for primary pharmaceutical containers 6.5% annually through 2011 to nearly
$24 billion.
The world market for pharmaceutical closures and accessories will grow 4.5% per year to $10.6 billion in 2011, with the largest gains in child-resistant, senior-friendly, and dispensing closures.
The 515-page report is available from The Freedonia Group for $5,800 by contacting Corinne Gangloff at 440/684-9600, or by
e-mailing pr@freedoniagroup.com
