US pharmaceutical packaging products market set to grow

posted by Phill Allen

August, 13th, 2014

Company News Pharmaceutical Industry News

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An upcoming industry study suggests that demand for pharmaceutical packaging products in the US will rise 5% annually to $21.9 billion in 2018.
Growth, according to Pharmaceutical Packaging, will slightly step up in pace from the 2008-2013 period as drug companies look to upgrade the barrier, security and functional properties of their packaging systems.
Security packaging accessories are set to post fastest gains. Demand in the US for pharmaceutical closures, labels, secondary containers and other packaging accessories will grow 5% annually to nearly $7.8billion in 2018.
Other findings, include:

  • Plastic bottles will remain the largest container group
  • Up to and beyond 2018, blister packaging will generate the second largest share of revenues among primary pharmaceutical containers

More about the pharmaceutical packaging study

The forthcoming Pharmaceutical Packaging industry study represents historical demand data from 2003, 2008 and 2013, integrating forecasts for 2018 and 2023 by material, type and market.
The study also factors in criteria including market environment factors and company market share whilst profiling 34 key US industry players such as Becton Dickinson, Gerresheimer and West Pharmaceutical Services.

Related reading:

TAGS: Bioprocess Containers, pharmaceutical packaging, pharmaceutical products, secondary containers,

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Author

Phill Allen

Managing Director

An in and outside the (bioprocess) box thinker, fluid management specialist Phill knows a thing or two about keeping pharma liquid logistics flowing.

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