Size of the Global Pharmaceutical Packaging Market Projected to Reach USD 112 Billion in 2021

According to the latest market research report of Freedonia, global pharmaceutical packaging demand grows by 6% per year and is projected to reach USD 112 billion market size in 2021.

The Global Pharmaceutical Packaging is the latest report for the global pharmaceutical market, and reaches the 12^th edition this year, which reveals the problem of aging of population, rising levels of acute and chronic diseases, and new packaging applications launched according to the market.

Prefillable syringes will have the fastest growth among all forms of packaging containers, increasing 9% per year through 2021. Main reasons promoting the demand growth thereof include the expansion on the following application markets: administration of critical care, emergency, and self-injectable parenteral medication. Furthermore, rapid development in biotechnology, nanotechnology, and other advanced drug delivery technologies promote pharmaceutical products to select this packaging technology.

From the perspective of the global pharmaceutical packaging market demand, Western Europe will continue to occupy the greatest market share, thanks to the large, advanced pharmaceutical industry there that promotes the new packaging systems to rapidly develop; also, advanced treatment and diagnosis technology needs special packaging products, which promotes the pharmaceutical packaging to rapidly develop.

The Chinese pharmaceutical industry has also fully recognized the importance of good packaging design which is critical to helping patients comply with medication provisions, meeting regulation requirements, and increasing brand life and attractiveness, etc. Pharmaceutical companies must innovate the packaging and increase efficiency to address the threat of the increasing counterfeit pharmaceutical products. The Chinese pharmaceutical packaging market will receive fast growth, with the constant improvement of the Chinese people’s living standards and health concepts, and the government’s growing investment in the medical and health undertakings. According to forward predictions, the Chinese pharmaceutical packaging market will averagely grow by 10.6% from 2014 to 2018, and the size of the Chinese pharmaceutical packaging market is expected to reach RMB 99.1 billion in 2018.

InnoPack China will be grandly held at Shanghai New International Expo Centre on June 20-22, 2018, to set up a platform for the terminal pharmaceutical enterprises to purchase from, exchange with, and learn from the quality suppliers of pharmaceutical packaging materials and drug delivery devices.

See more: http://www.p-mec.cn/innopack

For more information on InnoPack China, please contact:

Iris　Feng

Tel: 021-33392255

E-mail: iris.feng@ubmsinoexpo.com

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