Jul 31, 2007

Huge Growth Expected in Pharmaceutical Packaging

The pharmaceutical packaging market is expected to reach $34.3bn by 2011, up from $25.8bn in 2006, according to US researchers.


Freedonia Group says demand for pharmaceutical packaging is projected to increase 5.9% each year, and demand for primary pharmaceutical containers will rise by 6.5% annually to nearly $24bn.


Based on performance advantages in drug delivery and the introduction of bio-engineered medicines, prefillable inhalers and syringes will generate the fastest growth opportunities.


Child-resistant, senior-friendly and dispensing closures, compliance-enhanced prescription containers, high visibility labels, tamper-evident and anti-counterfeit accessories are also potential growth areas.
Source: packaging-technology

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