Freedonia Releases Study on World Pharmaceutical Packaging

CLEVELAND—World pharmaceutical packaging demand is projected to increase 6.3 percent annually to $62.3 billion in 2013. The developed countries of Western Europe, the U.S. and Japan will continue to account for more than 60 percent of this amount. However, China will provide among the strongest growth opportunities based on rapidly expanding pharmaceutical manufacturing capabilities and the phasing-in of an extensive government program designed to upgrade the quality and integrity of nationally produced medicines. Among other major developing economies, India and Brazil will also evolve into fast-growing pharmaceutical packaging markets as drug producing sectors are upgraded and diversified, especially in the area of generic ethical drugs. These and other trends are presented in “World Pharmaceutical Packaging,” a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.