The global pharmaceutical packaging equipment market is expected to reach US$ 5.1 Bn in 2022. Demand is projected to increase at a robust 8.9% CAGR over the forecast period, pushing the market size US$ 12 Bn by 2032.
Because of rising healthcare spending, the launch of novel treatments, and rising frequency of chronic diseases, the global pharmaceuticals market is expanding. This will allow low-cost generic alternatives to enter the market, which will spur demand for pharmaceutical packaging equipment.
Increasing production volume is likely to fuel the generic drug packaging machine market, particularly in Latin America and Asia Pacific with low-cost manufacturing facilities. The demand for pharmaceutical medications is predicted to rise, resulting in a greater requirement for efficient packaging systems, which will drive sales of automated machines that can produce high-speed packaging output.
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Pharmaceutical packaging equipment manufacturers are investing in research and development processes that can create sustainable solutions for the pharmaceutical sector. Sustainable packaging solutions including glass bottles, recyclable plastics, etc. address sustainability concerns by lowering the environmental impact and increasing the recycling rate in the pharmaceutical industry.
“Growing preference for blister packaging equipment, along with increasing sales of generic drugs such as tablets and capsules will augment the growth in the market,” says FMI analyst.
Key Takeaways:
- Sales in the blister packaging machine segment will increase at a CAGR of 7.1% over the forecast period.
- In terms of machine type, demand for automatic pharmaceutical packaging equipment are forecast to grow at a 7.6% CAGR through 2032.
- Total sales in the U.S. market are expected to account for 1/4th of the total market share.
- India will emerge as a lucrative pocket, with sales projected to grow 2.5x over the forecast period.
Competition Landscape
Leading players operating in the global pharmaceutical packaging equipment market are investing in research and development to expand their global reach. Some of the key players include IMA, Bosch, Uhlmann, Körber AG, Multivac, Marchesini Group, Optima, Bausch & Strobel, Gerhard Schubert, CKD Corporation.
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Leading Companies Profiled in Pharmaceutical Packaging Equipment Market are
- Gerresheimer
- Robert Bosch GmbH
- I.M.A. Industria Macchine Automatiche SpA
- Marchesini Group S.p.A
- Bausch+Ströbel Maschinefabrik Ilshofen GmbH+Co. KG
- Romaco Group
- Dara Pharmaceutical Equipment
- MULTIVAC Group
- Accutek Pharmaceutical Equipment Companies, Inc.
- OPTIMA Packaging Group
- Trustar Pharma Pack Equipment, Co. Ltd.
- MG2 s.r.l.
- Inline Filling Systems
- nVenia LLC
- ACIC Pharmaceuticals Inc.
- Harro Höfliger
- NJM Packaging
- CKD Corporation
- Herma GmbH
- ProMach, Inc.
Global Pharmaceutical Packaging Equipment Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for global pharmaceutical packaging equipment market by packaging format (primary packaging, secondary packaging, and tertiary packaging), by machine type (filling, labelling, form-fill-seal (FFS), blister packaging, capping, wrapping, palletizing and others), by application (tablets, powders, cream, syrup, and aerosol), & region.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Global Pharmaceutical Packaging Equipment Market by Category
By Automation:
- Automatic
- Semi-automatic
- Manual
By Machine Type:
- Bottling Line
- Cartoning
- Form-fill-seal (FFS)
- Blister Packaging
- Capping & Closing
- Filling & Sealing
- Labelling, Decorating & Coding
- Palletizing
- Wrapping & Bundling
By Application:
- Tablets
- Powders
- Cream
- Syrup
- Aerosol
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
- South Asia
- Oceania
Explore FMI’s Extensive Ongoing Coverage on Packaging Domain Related Links
Paper Cups Market : Driven by growing emphasis on better consumer experience, the paper cups market saw steady growth rate of 4.5% CAGR between 2021 and 2031, reaching valuation of around US$ 9210 million by the end of the year.
Packaging Machinery Market : he global packaging machinery market is expected to reach a market valuation of US$ 56.87 Billion by the year 2022, accelerating with a CAGR of 4.5% by 2022-2032. The packaging machinery market share is anticipated to be valued at about US$ 88.25 Billion by 2032 end.
Contract Packaging Market : The global contract packaging market size reached a valuation of US$ 45,198.5 Million in 2022. The expanding wide ranges of applications are projected to be the market’s primary growth drivers. Overall demand for contract packaging is projected to grow at a robust CAGR of 5.2% between 2022 and 2032, totaling around US$ 75,038.1 Million by the end of 2032.
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The post Ever Rising Demand for Flexible Packaging in the Pharmaceutical Packaging Equipment Market Augers well for overall positive growth for next decade, says FMI appeared first on Future Market Insights.
