Skip to main content
Menu: Transversal
  • Exports
    • Colombia Trade
    • Export Route
    • Opportunities in Real Time
    • Exportable Offer Catalogue
    • Colombia Exports Services
  • Investment
    • Invest in Colombia
    • Opportunities Map
    • Legal Guide
    • Legal Directory
  • Tourism
    • Vacations
    • Meetings
    • Entrepreneurs
    • Feel the rhythm
  • Colombia country brand
    • Colombia.co
    • News
    • Visit Colombia
    • Colombia Country Brand
letter
Header
  • Exports
    • Colombia Trade
    • Export Route
    • Opportunities in Real Time
    • Exportable Offer Catalogue
    • Colombia Exports Services
  • Investment
    • Invest in Colombia
    • Opportunities Map
    • Mapa de oportunidades
    • Legal Guide
    • Guía legal
    • Legal Directory
  • Tourism
    • Vacations
    • Meetings
    • Entrepreneurs
    • Feel the rhythm
  • Colombia country brand
    • Colombia.co
    • News
    • Actualiadad
    • Visit Colombia
    • Visita Colombia
    • Colombia Country Brand
    • Marca Colombia

Invest in Colombia

Invest in Colombia
Main navigation
  • Home
  • Why Colombia?
  • Investment Sectors
    • Agricultural products & Food production
      • Processed foods
      • Cocoa, by-products and chocolate
      • Fruits and vegetables
      • Palm industry
      • Livestock
      • Commercial plantation forests
    • Energy
      • Conventional energy
      • Renewable energy
    • Private equity and venture capital
      • Private equity funds
      • Venture capital
    • Infrastructure
      • Energy, transmission and telecommunications network
      • Social and sanitary infrastructure
      • Transport infrastructure
    • Hospitality and tourism infrastructure
      • Hospitality and tourism infrastructure
    • Real Estate
      • Real Estate
    • Manufactoring industries
      • Aeronautic
      • Automotive
      • Cosmetic and personal care
      • Packaging
      • Fashion industry
      • Petrochemical industry
      • Construction materials
    • Healthcare services and life sciences
      • Medicinal and cosmetic cannabis
      • Pharmaceutical sector
      • Healthcare services
    • Information technology and creative industries
      • Audio-visual and entertainment
      • Data Centers
      • Shared Services Centers
      • Outsourcing of Services BPO
      • Software and IT Services
  • How to Invest
    • Investment incentives
      • Legal and tax incentives
      • Free Trade Zones
    • Taxes in Colombia
    • How to establish your company at Colombia
      • Hiring a workforce in Colombia
      • How to buy real state
      • How to incorporate your company
      • Visas and migratory regulation
    • How to import
  • Articles and Assets
    • Articles
    • Documents and white papers
  • EN
  • ES
lsearch
  • EN
  • ES
Navegación principal
  • Home
  • Why Colombia?
  • Investment Sectors
    • Agricultural products & Food production
      • Processed foods
      • Cocoa, by-products and chocolate
      • Fruits and vegetables
      • Palm industry
      • Livestock
      • Commercial plantation forests
    • Energy
      • Conventional energy
      • Renewable energy
    • Private equity and venture capital
      • Private equity funds
      • Venture capital
    • Infrastructure
      • Energy, transmission and telecommunications network
      • Social and sanitary infrastructure
      • Transport infrastructure
    • Hospitality and tourism infrastructure
      • Hospitality and tourism infrastructure
    • Real Estate
      • Real Estate
    • Manufactoring industries
      • Aeronautic
      • Automotive
      • Cosmetic and personal care
      • Packaging
      • Fashion industry
      • Petrochemical industry
      • Construction materials
    • Healthcare services and life sciences
      • Medicinal and cosmetic cannabis
      • Pharmaceutical sector
      • Healthcare services
    • Information technology and creative industries
      • Audio-visual and entertainment
      • Data Centers
      • Shared Services Centers
      • Outsourcing of Services BPO
      • Software and IT Services
  • How to Invest
    • Investment incentives
      • Legal and tax incentives
      • Free Trade Zones
    • Taxes in Colombia
    • How to establish your company at Colombia
      • Hiring a workforce in Colombia
      • How to buy real state
      • How to incorporate your company
      • Visas and migratory regulation
    • How to import
  • Articles and Assets
    • Articles
    • Documents and white papers
Síganos:
Invest
now!
Opportunities in Colombian sectors
Breadcrumb
  1. Home
  2. Artículos y Herramientas
  3. Artículos
  4. Opportunities in the Colombian chemical and pharmaceutical sector

Opportunities in the Colombian chemical and pharmaceutical sector

Healthcare services and life sciences
12 of August of 2020
Articles
Share
  • Twitter
  • Facebook
  • Linked in

Colombia stands out in the region for the conditions it offers as a foreign investment destination. Some of the benefits include political stability, its strategic geographical location, and several government reforms to attract foreign investment.

For example, the health sector offers various business opportunities in vaccine and biotechnological drug production centers, as well as in the medical cannabis market.

In relation to the latter, Colombia has become a benchmark in the region as one of the first countries to structure a regulatory framework for the safe and informed access to the medical and scientific use of the plant and its derivatives. The national figures are also encouraging, as the country received nearly US $440 million in investments in this sector by August 2019, with export projections per year of up to US $109 million.

According to estimates by the Cannabis Prohibition Partners research firm, this market could be worth US $62.7 billion globally by 2024, demonstrating a constant and booming growth.

Furthermore, the chemical sector in Colombia has adopted several international regulations, such as Good Laboratory Practices (GLP) and the Globally Harmonized System (GHS). Also the country has implemented its own control system for substances that could be used for illegal purposes, and it is currently implementing environmental protection systems such as the Pollutant Release and Transfer Registry (PRTR).

As for household cleaning products, Colombia is the absolute leader in private label sales in the Americas, covering 14.4% of total sales. This percentage has been growing significantly in the last 6 years, as the products have gained popularity among consumers by offering a high-quality alternative at lower prices. Moreover, the emergence of discount stores in Colombia has been one of the drivers behind this trend, which is also seen in personal care products.

In line with global trends, e-commerce sales have also experienced annual growth in Colombia, with 21% higher sales in the last 5 years. These positive results are expected to continue, surpassing US $3.375 billion in sales by 2024, and becoming a driver for growth in all industries, as is the case of the containers and packaging sector.

Overall, Colombia offers great investment opportunities in all the aforementioned sectors, accompanied by conditions and incentives that benefit foreign investment. Large Chemicals and Life Sciences companies have already shown their confidence in Colombia, and are now generating high-grade research and development throughout the country, with highly qualified and specialized professionals to meet current market needs.

Articles related

28 of October of 2020
Newsletter
Colombia unveils plan to boost foreign investment, multinational relocations

Colombia unveils plan to boost foreign investment, multinational relocations

28 of October of 2020
Newsletter
Valle del Cauca, Colombia

Nearshoring from Valle del Cauca, an opportunity for US companies looking to relocate

28 of October of 2020
Newsletter
Colombia lleva su oferta tecnológica al Mobile World congress 2017

Colombia takes its technological offer to the mobile world congress 2017

Economy
27 of October of 2020
Newsletter
Zonas francas en Colombia: guía para saber cómo invertir en ellas

Zonas francas en Colombia: guía para saber cómo invertir en ellas

Software and IT Services
27 of October of 2020
Newsletter
Softbank de Japón invierte US$ 1.000 millones en app colombiana Rappi

Japan’s SoftBank Invests US $1 Billion in Colombian Delivery Startup Rappi

Colombia Investment Summit 2020

Colombia Investment Summit 2020

October 07-09
Is the most important event in Colombia aimed at attacting Foreign Direct Investment
The Latin American Real Estate Web Meeting

The Latin American Real Estate Web Meeting

December 8th & 9th
The aim of this Web Meeting is to connect real estate, family offices, institutional investors, and other industry professionals across Latin America and the world.
Pre Footer
  • About Procolombia
  • Ministries and Embassies
  • Regional Information
  • Documents and White papers
Procolombia
Colombia Co
Procolombia
Colombia Co
  • Calle 28 No 13A - 15 Floor 35-36 Bogotá - Colombia
  • PBX: +571 5600100 - Fax: +571 5600104
  • Monday through Friday 8:30 a.m. - 5:30 p.m.
Footer
  • Citizen Services
  • Complaints
  • Contact Us
  • Work with us
  • Sustainability Report
follow us:
Footer Final
  • About this site
  • Terms of use
  • Personal Data Protection
Síguenos: