The global demand for pharmaceutical packaging will rise about 5.3% annually to more than $47bn by 2013, according to new research.
The report by market statistic firm Reportlinker called World Pharmaceutical Packaging says that three quarters of forthcoming growth will be as a result of demand from the developed countries of Western Europe, the US and Japan.
Developing nations such as China, India and Brazil will also have a fast-growing packaging market due to an increase in pharmaceutical manufacturing.
Advancements in biotechnology will lead to an increase in primary pharmaceutical containers such as prefillable syringes and parenteral vials, according to the report.
The increasing demand for pouches, prefillable inhalers and closures such as vial stoppers and plastic flip-top vial closures will also boost the pharmaceutical packaging sector.
Secondary pharmaceutical containers will see an increase in paperboard boxes, smaller-sized shipments and shipping cartons as they provide marketing and security benefits.