The Freedonia Group (freedoniagroup.com) projects world demand for pharmaceutical packaging products to increase 6.5% annually to over $101 billion in 2019. Because of advanced and diverse drug-producing industries, almost 60 percent of global demand will exist in the developed economies of Canada, Japan, the US, and Western Europe. India and China will form the fastest growing markets due to rapidly expanding pharmaceutical manufacturing capabilities and the adoption of more stringent regulations aimed at improving the quality and integrity of domestically produced medicines. Brazil, Mexico, Turkey, and various other countries of the Asia/Pacific, Central and South America, and Africa/Mideast regions are among developing markets that are expected to expand and diversify drug-producing industries and register above average gains in pharmaceutical packaging product demand.
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