The role of packaging and labeling in the pharmaceutical industry has grown substantially over the past decade. In 2002, the overall demand for pharmaceutical packaging reached $15 billion. This is an increase of close to 50 per cent since 1996. But how will this market grow through 2004 till 2008 - find out in visiongains latest packaging and labeling report.
Driving this market surge are a number of factors, including
* new packaging regulations and guidelines in North America and the European Union
* an increasingly aged population in North America and Europe in need of senior-friendly packaging
* packaging that meets the increasing threat of counterfeiting throughout the world
* new packaging that is suitable for novel drug delivery technologies
While plastic bottles are still the primary dispensing containers for pharmaceutical products, unit-dose packaging (eg. blister packaging, strip packs) is becoming increasingly popular in the OTC and ethical markets and its value is growing as a result of their increased use in clinical trials and within hospitals where medication compliance and errors are considerable problems. In the U.S. market, blister packaging demand is estimated to be $849 million in 2002, garnering a 19 percent share of the market.
In the world market, plastic bottles continue to lead the market with a demand worth $3, 300 million and a 22 percent share of the market. Though the growth in the blister packaging market will be large within the U.S due to good general adaptability, it will be slow throughout the rest of the world.
This visiongain report is a critical examination of the world pharmaceutical packaging and labeling market and includes forecasts through 2008. Charts and graphs are presented throughout the report which measure product growth, industry trends, and other important statistics that have a bearing on the market. Moreover, regulatory issues affecting the packaging market are discussed in depth as are other issues which are having an impact on the market, such as counterfeiting and repackaging.
Profiles of the leading companies in the pharmaceutical packaging industry are also presented and include revenue figures and product line descriptions.
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