Freedonia predicts that the market for drug packaging materials will increase by 5.3% a year.
a research report recently released by the American Market Research Institute Freedonia group pointed out that due to the rising incidence rate of various diseases caused by the aging population, the global demand for drug packaging materials will reach a new high. In the next few years, the global pharmaceutical packaging market is expected to grow at an average annual rate of 5.3%, reaching a scale of 24.3 billion US dollars by 2009
the report points out that at present, many countries have formulated stricter regulations and standards for the production, storage, distribution and labeling of drugs, which will greatly improve the growth rate of the global packaging products and auxiliary products market. For example, the European Drug Administration (em10. Function of curve traversal point by point: click force and deformation value EA on the curve with the mouse) decided to revise the relevant specifications for the use of plastic packaging of drugs to improve its industry standards. According to the "common process documents" which came into effect on July 1st, 2003, EMEA revised the specifications for the use of plastic packaging materials in direct contact with drugs issued in 1994. In this way, it will be more convenient for national drug regulatory departments to certify the drug marketing application materials submitted by pharmaceutical companies
the provisions of drug packaging standards can not only ensure the quality of sealed drugs, but also prevent counterfeit drugs, which leads to the mismatch between the electrical properties of terminals and aluminum alloy cables. The specification of drug packaging has now been further extended to cover other areas, such as formulating standards to ensure the accuracy of dispensing and urge patients to comply with daily dosage
in the current global drug packaging material market, the top ten drug producing countries, the United States, Japan, France, the United Kingdom, China, Germany, Italy, India, Switzerland and Brazil, will account for more than 80% of the market revenue. Among these countries, due to the rapid expansion of pharmaceutical capacity, China and India have the fastest growing demand for drug packaging, and the two governments are also making great efforts to improve the quality of domestic drugs through independent research and development
the United States will still be the largest consumer in this market, and its advanced patented drug production field has adopted some new measures to meet the requirements of specialized drug storage. In some large pharmaceutical producing countries in Western Europe, as the EU stipulates that all prescription drugs sold directly to patients should be packaged in the form of unit dose, the number of applications for blister packaging of drugs has increased significantly, which also reflects the growth in demand for drug packaging. In Japan, the demand of Japanese drug packaging market is expected to be lower than the world average due to the greater pricing pressure on drugs compensated by the government
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