The trade fair “Maghreb Pharma” in Algiers is an especially important event for the Pharma Division of Constantia Flexibles for establishing contacts and exchanging information. Why? Because the pharmaceutical market here is undergoing exceptionally exciting and promising developments. For this reason, we exhibited at the trade fair for the fourth time.
The market for pharmaceutical products in Algeria is extremely healthy – production has tripled in the past five years. Domestic production covers approximately 40 percent of the market. Roughly 150 new production sites are in development and another 100 projects have been approved for the next four years.
There are two important reasons for this dynamic development: On one hand, the government is subsidizing this development with funds amounting to almost three billion US dollars in order to improve access to medications within the country. On the other hand, the attitude toward self-medication is changing within the growing population. Because the Algerian pharmaceutical industry is relatively young, it frequently lacks the required know-how in the area of packaging, which is why it is important for us to have a strong local presence.