CLEVELAND, Oct. 24, 2016 /PRNewswire/ -- Demand for
packaging in the US is forecast to rise 3.5% annually through 2020.
Gains will be supported by increases in nondurable goods output and
growth in consumer spending. Food packaging is projected to remain
the largest market segment, while pharmaceutical packaging demand
is expected to rise 5.4% per year over the forecast period, the
fastest pace among the leading markets.
These and other findings are featured in the report
Packaging: United
States.
http://www.freedoniagroup.com/freedonia-focus/FF30035/packaging-united-states.htm
Pharmaceutical Manufacturers Looking for Cheaper
Packaging
Advances in pharmaceutical packaging demand will
continue to be driven by increases in pharmaceutical shipments.
Growth, however, will trail the upward pace of drug shipments as
drug manufacturers remain more sensitive to package pricing than
are consumers to medication prices. Profit pressures resulting from
competing generics and the drug benefit schemes of managed care
providers will continue to prompt US pharmaceutical manufacturers
to pursue improved packaging efficiencies. Nonetheless, evolving
consumer and medical provider preferences for unit dose and other
convenient drug delivery formats will boost demand for
high-value-added medication containers.
The new report forecasts US packaging demand and shipments in US
dollars at the manufacturers' level to 2020. Total demand is
segmented by market in terms of:
- food
- beverages
- pharmaceuticals
- foodservice disposables
- other markets such as personal care products, household and
institutional chemicals, and agricultural and horticultural
products.
Pharmaceutical packaging demand is measured in terms of the
value of finished packaging sold by merchant companies and produced
or assembled internally by pharmaceutical manufacturers and
contract packaging firms. Geographic scope of pharmaceutical
packaging demand includes Puerto
Rico. Most major multinational drug makers operate
production facilities and consume a significant volume of packaging
in that territory.
Total shipments are segmented by material as follows:
- paper
- plastic
- metal
- glass and wood.
To illustrate historical trends, total demand, total shipments,
and the various segments are provided in annual series from 2005 to
2015.
Please link any media or news references to our reports or data
back to www.freedoniagroup.com.
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Freedonia Group – a division of MarketResearch.com – publishes over
20 new or updated Freedonia Focus Reports, providing fresh,
unbiased analysis on a wide variety of markets and industries.
Published in 20-30 pages, Focus Report coverage ranges from raw
materials to finished manufactured goods and related services such
as freight and construction. Analysis is intended to guide the busy
reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key
indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study.
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Press Contact:
Corinne Gangloff
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pr@freedoniagroup.com
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SOURCE The Freedonia Group