According to the business research company Freedonia Group, demand for pharmaceutical packaging in the US (including Puerto Rico) will increase 5.5 percent annually to US$16bn in 2012.
The rise is due to the increased focus on regulations and standards that address issues such as barrier protection, infection control, patient drug compliance, drug dispensing errors and drug counterfeiting.
The US-based industry research firm also identifies a 5.2 percent annual increase in demand for primary pharmaceutical containers and anticipates fast growth for prefillable syringes and vials.
Furthermore, it expects plastic bottles to remain the most widely used package for oral drugs distributed in bulk and that the market for pharmaceutical pouches will expand at a fast pace.
CHAMPAGNE INDAGE BUYS CORBY BOTTLERS
Corby Bottlers has been purchased by the Indian firm Champagne Indage for an undisclosed sum.
The Northamptonshire wine bottler and supplier of bag-in-box wines and sister company Darlington Wines have continued trading despite going into administration in March.
The two businesses generate a combined turnover of £25m.
POLYONE SIGNS ON FOR EASTMAN TRITAN COPOLYESTER
PolyOne has signed an agreement with Eastman Chemical Company to become the exclusive compounder of filled systems for Eastman's Tritan copolyester in the US.
The global provider of specialised polymer materials, services and solutions will work with customers and Eastman to develop new applications and markets for compounded materials.
The new copolyester is marketed as durable, resistant to chemical and heat, and easy to process.
It can also apparently be molded with lower levels of residual stress compared to polycarbonate.
AMCOR TO SELL PACKAGING PLANT TO IPG
Amcor is to sell its flexible packaging plant in Western Australia to Integrated Packaging Group (IPG) for about US$35m.
The plant, which is located in Perth, currently produces industrial stretch wrap film for domestic and New Zealand markets.
The proposed sale would mark Amcor's exit from the production of industrial stretch wrap film.
The planned acquisition is part of IPG's growth strategy of buying established businesses and expanding its existing plants in Melbourne and Auckland, New Zealand.
IPG and Amcor are expected to complete the transaction by the end of July.
ASTRAPACK APPOINTS NEW CEO
Plastic packaging company Astrapak has appointed Marco Baglione as its new chief executive office.
Bagilone was previously divisional chief executive of the rigids division and has been at the company for 11 years.
He replaces Ray Crewe-Brown, who will retire at the end of June but remain as a consultant to Astrapak for the next 12 months.
Source: packaging-technology
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