The global pharmaceutical packaging equipment market is expected to grow at a CAGR of around 7.51% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 11,460.68 Mn by 2026.
In the pharmaceutical sector, the drug delivery system and pharmaceutical products packaging is an important factor in doing business as well as to provide a quality product to the customers. The equipment used for pharmaceutical packaging provides the quality and safety of packaging for pharmaceutical products. Newest Pharmaceutical packaging equipment is modern, flexible, automated and is designed to meet pharmaceutical product requirements. Different types of pharmaceutical equipment are segmented into primary packaging equipment, secondary packaging equipment, and equipment for labeling and serialization. This equipment is used for packaging solid, semi-solid, liquid and other medicines. The use of pharmaceutical packaging equipment helps in decreasing the time for packaging, increase in production, and innovation in drug delivery systems. New pharmaceutical packaging equipment includes sealers, label applicators, case packers, hand packing stations and hard film over wrappers.
Some of the major technological trends of the pharmaceutical packaging equipment market are the rising use of single-use components and technological development in packaging technologies to resist counterfeit drugs. Increasing awareness and demand for meeting standards, quality and safety requirements laid down by regulatory authorities are forcing manufacturers to adopt new technologies in the pharmaceutical packaging process. Other than that the rising aging population and increasing cases of chronic and infectious diseases are indirectly driving the growth of the pharmaceutical packaging equipment market.
However, the high expenditure associated with the pharmaceutical packaging is expected to restrain the growth of the pharmaceutical packaging market during the forecast period. Furthermore, the evolution and continuous advancement across the nano-enabled packaging is expected to create opportunities for the manufacturers in the global pharmaceutical packaging equipment market in the coming years.
By product type, the solid packaging equipment segment is expected to dominate the pharmaceutical packaging equipment market
The global pharmaceutical packaging equipment market is segmented into product types and type. On the basis of product type, the market has been segmented into semi-solids packaging equipment, solids packaging equipment, and liquids packaging equipment. The solid packaging equipment segment held for the highest market share in terms of value in 2018 and is expected to continue to dominance in the market during the forecast period. On the basis of type, the market has been segmented into primary packaging segment and secondary packaging. The primary packaging type segment is expected to lead the global market in terms of value during the forecast period.
The market research study on “Pharmaceutical Packaging Equipment Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global pharmaceutical packaging equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global pharmaceutical packaging equipment market, its product type, type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global pharmaceutical packaging equipment market size and volume, and segment markets by product type, type, and geography along with the information on companies operating in the market. The pharmaceutical packaging equipment market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America is expected to have the largest market share in the forecast period. The major driving factors for the pharmaceutical packaging equipment market in this region are stringent rules and regulations and specific packaging requirements. The research and development activities carried on by major players such as Novartis and Pfizer are anticipated to fuel the market growth in this region. Moreover, the US is the leading consumer and producer in the pharmaceutical market in 2018, which expected to increase the importing and exporting opportunities in the domestic market during the forecast period. Moreover, the European market is also having steady growth due to regulatory pressure on medicine packaging and increasing demand and popularity for anti-counterfeit packaging. The existence of various generic drug industries in India, China, and Japan is helping in the growth of the pharmaceutical packaging equipment market in the Asia-pacific region. Additionally, the continuous investment in terms of money and time on the product development from the companies in Asia-Pacific are expected to influence the demand and sales in the future.
The key companies involved in the global pharmaceutical packaging equipment market include Robert Bosch, IMA, Marchesini Group, Körber, MG2, Uhlmann Group, Accutek Packaging Equipment Companies, Vanguard Pharmaceuticals Machinery, Romaco Holding, Bausch + Ströbel, OPTIMA Packaging Group, ACG Worldwide, Coesia, and MULTIVAC Group. These companies are involved in partnerships, collaboration as well as product enhancement to meet the industry standard for expanding their market share and also for gaining competitive advantages over its competitors.
Market By Product type
Market By Type
Market By Geography
The pharmaceutical packaging equipeents are use to helps in decreasing the time for packaging, increase in production, and innovation in drug delivery systems.
Acumen Research and Consulting predict that the pharmaceutical packaging equipment market value is anticipated to be worth around US$ 11,460.68 million in 2026.
The pharmaceutical packaging equipment market is anticipated to grow over 7.51% CAGR during the forecast period 2019 to 2026.
North America held maximum share in 2018 for pharmaceutical packaging equipment market.
Asia Pacific is projected to grow at a fast pace during forecast period in the pharmaceutical packaging equipment market.
Robert Bosch, IMA, Marchesini Group, Körber, MG2, Uhlmann Group, ACG Worldwide, Coesia, and MULTIVAC Group are the top players operating in the pharmaceutical packaging equipment market.
The global pharmaceutical packaging equipment market is segmented into product type, type, and major geographic regions.