According to the Global Pharmaceutical Packaging issued by the research institution Freedonia, global pharmaceutical packaging demand is growing by 6% per year and is projected to reach USD112 billion market size in 2021.
SHANGHAI, Dec. 12, 2018 /PRNewswire/ -- According to the Global Pharmaceutical Packaging issued by the research institution Freedonia, global pharmaceutical packaging demand is growing by 6% per year and is projected to reach USD112 billion market size in 2021. As a driving force for the growth of the pharmaceutical packaging industry, package design and material innovation has become an important measure of pharmaceutical companies to seek breakthroughs, improve pharmaceutical product quality, and strengthen user stickiness.
InnoPack China 2019, a flagship exhibition of pharmaceutical packaging and drug delivery system industry in the Asia-Pacific region, hosted by China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE) and UBM EMEA, and co-sponsored by Shanghai UBM Sinoexpo International Exhibition Co., Ltd. (UBM Sinoexpo), will take place from June 18-20, 2019. At that time, there will be an innovation event integrating “product display”, “innovation activity”, and “high-end summit” presented to pharmaceutical industry researchers and purchasers from all over the world in Hall N5 of Shanghai New International Expo Centre in Pudong. The exhibition will include 200+ enterprises involved in production and design of pharmaceutical packaging materials and drug delivery devices.
To jointly plan for a new era of industry prosperity, as the pharmaceutical glass market rapidly grows
The global market of pharmaceutical glass is showing growth owing to the increasing regulatory pressure and increasingly strict patient safety standards. According to the latest report of the market research institution Engayas, the global pharmaceutical glass package market was estimated to reach USD13.468 billion in 2017, and is expected to reach USD22.169 billion in 2024. The global pharmaceutical glass package market is now still dominated by North America and Europe. However, China is expected to welcome rapid growth of demand for pharmaceutical glass package products in the short term due to the population base, rapid increase of chronic disease patients, and popularization of injection therapies triggered by biotechnological progress. The global major pharmaceutical glass manufacturers have set their sights on the Chinese market, and representatives thereof including Gerresheimer AG, NIPRO Corporation, Schott, SGD AG, Corning, and NEG have joined InnoPack China 2019, to bring the on-site visitors the latest high-end pharmaceutical glass package products in the world while developing the Chinese market.
To focus on the innovation of pharmaceutical packaging accessories, to facilitate the pharmaceutical product quality
There are new challenges and opportunities for pharmaceutical packaging accessories as the user experience era arrives. As management guru, Thomas Peters said, “The gap has disappeared: innovate or die.” The pharmaceutical package market is now gradually entering the new historical stage with “innovation” as the core, and “intelligence” and “humanization” as the development direction. According to forecast, the pharmaceutical package market will continue to grow at an average of 10.6% every year in the future, wherein, the pharmaceutical packaging materials and containers convenient to use, and packaging accessories that are highly clean and have high processability and other characteristics, will become the main growth points. Dupont (China) Research & Development and Management Co., Ltd. will exhibit the “Dupont™ Tyvek®" at InnoPack China 2019, which is a typical representative of packaging accessories with high clean performance. As an important part of aseptic packaging, it realizes the best performance balance in terms of microbial permeation prevention, tear strength, puncture resistance, and clean peeling, and can effectively protect pharmaceutical products against contamination risk and challenges during transport.
In the context of rapid development of the pharmaceutical packaging industry, InnoPack China, a major event in the pharmaceutical packaging industry, will provide pharmaceutical enterprises, and pharmaceutical package producing enterprises with more opportunities to exhibit, learn, and communicate, based on the current situation and hotspots of the industry and in conjunction with the exhibition advantages.
For more information, please visit the official website: http://en.pmecchina.com/
InnoPack China 2019
18-20 June, 2019 | SNIEC Shanghai, China
Add: No.2345 Longyang Road, Pudong New District, Shanghai, China
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SOURCE Shanghai UBM Sinoexpo International Exhibition Co., Ltd
