Demand for pharmaceutical packaging in the U.S. (including Puerto Rico) is forecast to increase 5.3% annually to $18.5 billion in 2014. Driving this growth will be recently upgraded regulations and standards that address such issues as barrier protection, infection control, patient drug compliance, drug dispensing errors, and drug diversion and counterfeiting. These factors will boost demand for high value-added containers and accessories said the newest report from The Freedonia Group, a Cleveland-based industry market research firm.
Demand for primary pharmaceutical containers will increase 5.2% annually to $11.3 billion in 2014, with the fastest growth projected for prefillable syringes, which will expand applications as advances in biotechnology lead to the introduction of new therapies that must be injected. Plastic bottles will remain the most widely used package for oral drugs distributed in bulk and prescription does volumes to retail and mail order pharmacies....