Global Pharmaceutical Packaging Equipment Market Trends, Applications, Analysis, Growth, and Forecast to 2028
Pharmaceutical Packaging Equipment Market Overview
“The global Pharmaceutical packaging equipment Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Packaging of pharmaceutical products and drug delivery systems is an important part of the pharmaceutical industry. This pharmaceutical packaging equipment offers high-quality packaging and safety for pharmaceutical products.
Pharmaceutical packaging equipment used currently is flexible, automated, modern, and integrated to encounter various pharmaceutical product requirements. Moreover, pharmaceutical packaging equipment is utilized for packing liquids, solids, and semi-solids, among other products.
These packaging equipment aids in decreasing the time required for packaging various pharmaceutical products which aid to increase manufacturing and innovations in drug delivery systems and in personalized drugs.
In addition, pharmaceutical packaging equipment involves equipment for serialization and labeling and primary and secondary packaging equipment.
Primary packaging equipment includes bottle capping and filling equipment, aseptic sealing and filling equipment, soft-tube sealing and filling machines, blister packaging equipment, strip packaging equipment, counting equipment, sachet packaging equipment, cartridge sealing and filling machines, bulk bottle unscramblers, cap retorque machines, rigid-tube fillers, stick packaging equipment, and wallet machines.
Pharmaceutical Packaging Equipment Market: Dynamics
Increasing adoption liquids packaging equipment, solid packaging equipment, and semi-solid packaging equipment in the pharmaceutical industry is a factor expected to drive the global pharmaceutical packaging equipment market growth. Rising demand of pharmaceutical packaging equipment from drug delivery sector is among additional factor estimated to fuel the global market growth in terms of revenue.
Growing need for integrated and flexible packaging equipment and rapid growth in the biopharmaceutical and generic industry. In addition, increasing offshore pharmaceutical manufacturing and increasing contract manufacturing of the pharmaceutical products. Moreover, introduction of various regulatory standards on product packaging and stringent rules against counterfeit products. These are additional key factors projected to drive the global market growth.
However, rising preference for refurbished equipment is a major factor expected to restraint the global market growth.
Pharmaceutical Packaging Equipment Market: Segment Analysis
Among the product segments, the primary packaging equipment segment is expected to register significant revenue share in the global pharmaceutical packaging equipment market, due to ease of shelving and handling of pharmaceuticals packaging and development of various novel forms of the biopharmaceuticals and drug delivery. The revenue of primary packaging equipment segment is projected to register highest CAGR.
Among the type segments, the liquid packaging equipment segment is estimated to register major revenue share in the global pharmaceutical packaging equipment market. The revenue of liquid packaging segment is projected to register highest CAGR.
Pharmaceutical Packaging Equipment Market: Region Analysis
The Asia Pacific market is expected to account for major revenue share in the global pharmaceutical packaging equipment market. This is attributed to implementation of strict regulations to enhance reliability and quality of locally produced drugs, owing availability of low cost raw materials and labor costs in countries in region. The Asia Pacific pharmaceutical packaging equipment market is projected to register fastest revenue growth over the forecast period.
Global Pharmaceutical Packaging Equipment Market Segmentation:
Segmentation by Product:
- Primary Packaging Equipment
- Secondary Packaging Equipment
- Labeling and Serialization Equipment
Segmentation by Type:
- Liquids Packaging Equipment
- Solid Packaging Equipment
- Semi-Solid Packaging Equipment
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Robert Bosch GmbH
- Körber AG
- M.A. Industria Macchine Automatiche S.p.A
- Marchesini Group S.p.A.
- Uhlmann Group
- Coesia S.p.A.
- OPTIMA packaging group GmbH
- Mutivac Group
- Romaco Pharmatechnik GmbH
- ACG Worldwide Private Limited
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