Strong Growth Projected for Global Pharmaceutical Packaging
Prefillable syringes will post the fastest gains of any pharmaceutical container, increasing 9% per year through 2021.
Global pharmaceutical packaging demand is projected to advance 6% per year to $112 billion in 2021, according to a recent study from The Freedonia Group. Aging populations, rising levels of acute and chronic conditions, and new product introductions will drive demand.
Prefillable syringes will post the fastest gains of any pharmaceutical container, increasing 9% per year through 2021. Demand will be supported by expanding applications in the administration of critical care, emergency, and self-injectable parenteral medication. Advances in biotechnology, nanotechnology, and other advanced drug delivery technologies will increase the range of pharmaceuticals adaptable to this packaging.
Western Europe will continue to make up the greatest share of pharmaceutical packaging demand. Demand is spurred by the region’s large, advanced drug-producing industry, which develops new packaging systems and introduces sophisticated therapies with specialized packaging needs.
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