Packaging Film Demand in the Pharmaceutical Market to Grow 2.6% Annually
by Corinne Gangloff
February 17, 2023
Cleveland OH, January 26, 2023 – Demand for packaging film in the pharmaceutical market is forecast to expand 2.6% per year to 425 million pounds in 2026. Pharmaceuticals will remain one of the fastest-growing nonfood application for packaging films due to:
high healthcare spending levels
an aging population
rising incidence of chronic diseases and disorders
widespread prescription drug coverage
preferences for medication over more costly patient procedures
These trends and more are included in the study Plastic Film. In addition to these broad demographic and healthcare industry trends, more specific changes in pharmaceutical packaging will drive strong growth. These include:
the use of more complex barrier packages to protect increasingly volatile drug formulations, such as biologics
growth of more convenient packaging formats like unit dose flat pouches, stick packs, and stand-up pouches
Near-term gains will also be supported by increasing demand for the pharmaceuticals used to treat COVID-19. Pharmaceutical packages must exhibit excellent chemical stability and barrier properties, and clarity is important in cases where healthcare personnel need to inspect the contents. These requirements will create strong growth opportunities for:
LLDPE
PET
polypropylene
nylon
EVOH
other resins such as PVDC, fluoropolymers, acrylonitrile, and
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