Pharmaceutical Packaging Equipment Market is expected to worth US$ 13.8 Billion by 2030

June 8th, 2023 Coherent Market Insights Releases

When it comes to meeting the demand for the secure delivery of products to consumers in a timely manner, pharmaceutical packaging and labeling is an essential requirement. It provides the required security, comfort, and safety for patients while also delivering high-quality products. Child-resistant packaging, blow-fill-seal (BFS) vials, , plasma impulse chemical vapor deposition (PICVD) coating technology, anti-counterfeit measures snap-off ampoules, prefilled syringes, and two-in-one prefilled vials are just a few examples of the recent innovations in packaging solutions that have contributed to the industry's growth.

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Top Key Players:

Robert Bosch GmbH, Industria Macchine Automatiche S.p.A., Marchesini Group S.p.A., Korber AG, MG2 s.r.l., Accutek Packaging Equipment Companies, Inc., Vanguard Pharmaceuticals Machinery, Inc., Romaco Pharmatechnik GmbH, Bausch + Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG, and OPTIMA packaging group GmbH are all major players in the pharmaceutical packaging equipment market.

This report also splits the market by region:

Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa, Israel, Turkey, GCC Countries

Several products have varying unit-dose sizes since they all need to be measured precisely. The manufacturing and packaging of pharmaceuticals requires packaging machinery that can adapt to a wide variety of situations, including both liquid and solid forms.

Growth in the pharmaceutical packaging equipment market can be attributed to a number of factors, including rising demand for generic and pharmaceutical products, expanding contract pharmaceutical and offshore pharmaceutical manufacturing, and a rising need for flexible and integrated packaging equipment.

Throughout the predicted time period, the market is likely to grow as a result of rising contract manufacturing of pharmaceutical products.

Contract manufacturing is one of the pharmaceutical industry's fastest expanding subsectors because it provides worldwide standard quality at reduced costs. As generic drug demand rises, major therapeutic brand patents expire, research and development facilities are needed, and cost-effective production technologies that meet global regulatory guidelines become more important, pharmaceutical companies are increasingly considering contract manufacturing as a strategic option for expanding their global market presence.

The entry of multinational corporations into emerging economies like India to meet outsourcing demands is facilitated by the significantly cheaper cost of operation and manufacturing. As a result, during the next few years, emerging nations will have a greater need for pharmaceutical and medical grade packaging materials and related equipment.

The creation of biological APIs, rising demand for API packaging, a surge in abbreviated new drug applications (ANDA), and an increase in drug master files (DMF) from Indian firms are all aspects that contribute to the expansion of the API market. Because of this, the pharmaceutical industry is experiencing a boom in the need for efficient and cost-effective packaging distribution of formulated goods.

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Generic drug demand rises as their low cost and equal effectiveness (to that of brand-name drugs) encourage consumers to switch. The growth of the industry is projected to be hampered by the increased need for packaging for generic medications brought on by the surge in demand. Generic medications, for instance, account for more than 90% of all prescriptions filled in the United States, as per IQVIA Medical Audit Data (MAT): March 2018. Demand for pharmaceutical packaging equipment is expected to rise in the future as a result of rising R&D spending in the pharmaceutical sector and a growth in the number of pharmaceutical businesses operating in this industry.

Demand for pharmaceutical packaging equipment is likely to rise during the forecast period as major pharmaceutical companies increase their efforts to secure generic product approvals and sell the same.

Due to nations like China, India, and Japan's experience with implementing innovative packaging technologies to expand corporate operations, the Asia-Pacific region is predicted to have the fastest-growing market over the projection period. These regions provide a dynamic business environment for small and large pharmaceutical enterprises, research facilities, and innovators to collaborate on innovative packaging solutions and services. The door is now open for new pharmaceutical packaging equipment manufacturers to enter the market.

Purchasing the Pharmaceutical Packaging Equipment Market:

➣ Outlook for the worldwide Pharmaceutical Packaging Equipment market in both developed and emerging markets, both now and in the future.

➣ Both the market segment with the largest projected share and the market segment with the highest CAGR throughout the projection period.

➣ Countries and regions anticipated to experience the fastest development throughout the projected period.

➣ The most recent innovations, market shares, and business tactics used by the key market participants.

➣ Study examines emerging market trends as well as the likelihood that various trends will impact expansion.

➣ Analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Pharmaceutical Packaging Equipment industry.

➣ Research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.

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Table of Content

Chapter 1 Industry Overview1.1 Definition1.2 Assumptions1.3 Research Scope1.4 Market Analysis by Regions1.5 Pharmaceutical Packaging Equipment Market Size Analysis from 2023 to 203011.6 COVID-19 Outbreak: Pharmaceutical Packaging Equipment Industry Impact

Chapter 2 Global Pharmaceutical Packaging Equipment Competition by Types, Applications, and Top Regions and Countries2.1 Global Pharmaceutical Packaging Equipment (Volume and Value) by Type2.3 Global Pharmaceutical Packaging Equipment (Volume and Value) by Regions

Chapter 3 Production Market Analysis3.1 Global Production Market Analysis3.2 Regional Production Market Analysis

Chapter 4 Global Pharmaceutical Packaging Equipment Sales, Consumption, Export, Import by Regions (2017-2023)Chapter 5 North America Pharmaceutical Packaging Equipment Market AnalysisChapter 6 East Asia Pharmaceutical Packaging Equipment Market AnalysisChapter 7 Europe Pharmaceutical Packaging Equipment Market AnalysisChapter 8 South Asia Pharmaceutical Packaging Equipment Market AnalysisChapter 9 Southeast Asia Pharmaceutical Packaging Equipment Market AnalysisChapter 10 Middle East Pharmaceutical Packaging Equipment Market AnalysisChapter 11 Africa Pharmaceutical Packaging Equipment Market AnalysisChapter 12 Oceania Pharmaceutical Packaging Equipment Market AnalysisChapter 13 South America Pharmaceutical Packaging Equipment Market AnalysisChapter 14 Company Profiles and Key Figures in Pharmaceutical Packaging Equipment BusinessChapter 15 Global Pharmaceutical Packaging Equipment Market Forecast (2023-2030)Chapter 16 Conclusions

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