- Contract Packaging
- Leaders in Packaging
Article | July 31, 2006
Study Forecasts Increased Demand For Pharmaceutical Packaging
New regulations and standards that address patient drug compliance, drug dispensing errors, counterfeiting, and market diversion are among the key factors that will expand sales growth for containers, closures, blister packs, and RFID labels.
These and other trends are reported in Pharmaceutical Packaging a new study from The Freedonia Group Inc. (www.freedoniagroup.com). Demand for these packaging products in the U.S. (including Puerto Rico) is forecasted to increase 7% annually to more than $11 billion by 2010 (see chart).
The report says “Pharmaceutical blister packaging will maintain the largest share of sales based on its adaptability to unit dose clinical trial sample compliance institutional and over-the-counter container formats.”
Pharmaceutical Packaging predicts that prefillable inhalers and syringes will help drive sales of primary containers. It also expects RFID bar-coded labels and accessories to post solid sales gains reaching $2.3 billion by 2010. The 303-page study is available for $4 by contacting Corinne Gangloff at 440/684-9600.
U.S. Pharmaceutical packaging demand (in $ millions)%Annual
Item 2005 2010 growth
Blister packaging 1 2 8.4%
Plastic bottles 1 2 8.2%
Other primary containers 2 2 7.6%
Secondary containers 970 1 5.2%
Packaging accessories 1 2 5%
Total 7 11 7%
Source: The Freedonia Group Inc.+
Related Sponsored Content
E-BOOK SPECIAL REPORT
44 Best Package Designs: 2015