Developing economies such as India and China will lead the global pharmaceutical packaging market, which will reach a value of $68bn by 2015, a report says.
The figure represents an increase from $42bn in 2008, packaging research firm GBI Research said.
Low wages, a skilled workforce and improving technology will help developing countries in pharmaceutical packaging operations.
The demand for pharmaceutical packaging in the wake of patent expirations in these countries will help them to become generic drug manufacturing hubs.
The report predicts that prefillable syringes and parenteral vials will provide the fastest growth as advances in biotechnology help to introduce new therapies.
Nearly $120bn's worth of drugs will go off patent in the next five years, with generic drug manufacturers driving the pharmaceutical packaging demand, it said.
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