The global pharmaceutical packaging equipment market size is expected to reach USD 12.05 billion by 2025, expanding at a CAGR of 7.0% over the forecast period, according to a new report by Radiant Insights, Inc. The market is primarily driven by growing awareness regarding health and hygiene, coupled with increased spending on pharmaceutical products, mainly in the emerging economies.
The growing healthcare sector is projected to have a positive impact on the packaging equipment sector since it is widely used for the packing of capsules, tablets, liquids, antiseptic creams, among others. Moreover, R&D in the pharmaceutical industry for developing new generic medicines and over-the-counter medicines is further expected to propel industry growth.
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Several packaging equipment manufacturers have undertaken R&D initiatives to produce highly sophisticated and efficient equipment at competitive prices. Furthermore, there is a continued demand for complete packing lines that can incorporate numerous functions from a single source and for modular machines that can offer flexibility driven by the increased variety of packing materials and styles.
The growing demand for pharmaceutical products including oral and topical is likely to drive the demand for efficient pharmaceutical packaging machinery across the globe. The manufacturers are expected to expand their manufacturing capacities to cater to this increased demand, which is likely to aid in new product development and introduction of novel packaging technologies.
Further Key Findings from the Report Suggest:
• Wrapping machine segment is anticipated to progress at a CAGR of 8.5% over the forecast period on account of the growing need for secondary and tertiary packaging of pharma products
• Asia Pacific emerged as the leading regional pharmaceutical packaging equipment market and accounted for 37.1% of the overall revenue share in 2018 owing to the presence of high potential geographies including China and India and their expanding pharmaceutical manufacturing
• Europe emerged as the second-largest regional market and held a share of 31.4% in terms of revenue in 2018. This can be attributed to the high demand for highly automated, flexible, and efficient packing solutions.
• The Drug Quality and Security Act (DQSA), which requires pharmaceutical products to have serialized coding, is anticipated to propel the demand for packing equipment over the forecast period
• Key participants across the industry are majorly investing in innovative technologies like robotics, big data, and Human Machine Interface (HMI) to produce highly productive and efficient machines
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Radiant Insights Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Pharmaceutical Packaging Equipment Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Market Lineage Outlook
3.3. Penetration and Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Raw Material Trends
3.5. Technology Overview
3.6. Regulatory Framework
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.8. Business Environment Analysis: Pharmaceutical Packaging Equipment Market
3.8.1. Industry Analysis - Porter's
3.8.1.1. Supplier Power
3.8.1.2. Buyer power
3.8.1.3. Threat of substitutes
3.8.1.4. Threat of new entrants
3.8.1.5. Competitive rivalry
3.8.2. PESTEL Analysis
3.8.2.1. Political Landscape
3.8.2.2. Economic Landscape
3.8.2.3. Social Landscape
3.8.2.4. Technological Landscape
3.8.2.5. Environmental Landscape
3.8.2.6. Legal Landscape
Continued…
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Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the pharmaceutical packaging equipment market include Bausch+Strobel Maschinenfabrik Ilshofen GmbH+Co.
KG, IMA S.P.A., Körber AG, Marchesini Group S.p.A., Mg2 s.r.l., MULTIVAC Group, OPTIMA Packaging Group GmbH, Robert Bosch GmbH, Romaco Pharmatechnik GmbH and Uhlmann Pac-Systeme GmbH & Co. KG.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Pharmaceutical Packaging Equipment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pharmaceutical-packaging-equipment-market/download-sampleMarket DynamicsThe rapidly growing generic and biopharmaceutical sector along with an increasing need for flexible and integrated packaging equipment is primarily driving the market growth.
In addition to this, the introduction of regulatory standards on packaging & stringent norms against counterfeit products is further fuelling market growth.
The COVID-19 pandemic has largely impacted healthcare delivery globally since December 2019.
Due to the coronavirus pandemic, the number of R procedures performed in pharmaceutical companies has increased significantly.
Scientists and researchers worldwide are engaged in the development of vaccines and drugs for the treatment of coronavirus.
This scenario is expected to have a direct impact on the pharmaceutical packaging equipment market.
For instance, Syntegon Technology, formerly known as Bosch Packaging Technology, has witnessed an increase in the sales of pharmaceutical packaging equipment due to the coronavirus outbreak across the globe.
The global Pharmaceutical Packaging Equipment Market size is projected to reach USD 10.4 billion by 2025 from USD 7.3 billion in 2020, at a CAGR of 7.4% from 2020 to 2025.Ask for PDF Brochure: –https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19845828Market Segmentation:-On the basis of product, the pharmaceutical packaging equipment market is segmented into primary packaging equipment, secondary packaging equipment, and labeling and serialization equipment.
