Pharmaceutical Packaging Equipment Market to Showcase High Growth; to cross USD 10.3 BN Mark by 2026

Posted On October 20, 2020     

During the period of 2020-2026 it is expected that the Global Pharmaceutical Packaging Equipment Market will showcase a CAGR of 6.5%. The market is foreseen to reach USD 10.3 BN by 2026 while it was valued at USD 6.6 BN in 2019 as stated in a the published market study by Value Market Research. Pharmaceutical packaging equipment is an integral part of the safe and efficient distribution of any pharmaceutical or nutraceutical. The growing need to mechanize, integrate, and automate the packaging process in the rapidly expanding pharmaceutical industry will be the primary stimulating agent for this market’s growth. The increased development of novel forms of drug delivery and biopharmaceuticals will further propel this market’s growth. The increasing prevalence of chronic diseases and offshore manufacturing of drugs will benefit market growth. Regulations set by government agencies around serialization and tracking of pharmaceutical products and safeguarding the drugs from any contamination will boost the market growth. The main hurdles faced by the market players are high equipment costs and stringent regulatory compliance.

Pharmaceutical packaging equipment is a machine that packs pharmaceuticals for safe distribution and protects the efficacy of drugs throughout its shelf life. It can either be an individual component or can be purchased as a fully integrated line. It is a flexible machinery with provisions for sealers, label applicators, hand packing solutions, case packers, and hard film over wrappers used to retain and sustain a drug or nutraceutical effectiveness. It is used in packaging capsules, liquids, syringes, or ampoules. The various features supported by these machines are proper presentation, identification, and protection of the drug, information, compliance, convenience, stability, and integrity. There is a wide range of pharmaceutical packaging machines available, based on the specifications and applications.

The initial sections of the report "Global Pharmaceutical Packaging Equipment Market Report By Product Type (Solids Packaging Equipment, Semi-Solids Packaging Equipment And Liquids Packaging Equipment), Packaging Type (Primary Packaging Equipment And Secondary Packaging Equipment) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The pharmaceutical packaging equipment market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
       
On the basis of product type the market is segmented into Solids Packaging Equipment, Semi-Solids Packaging Equipment, Liquids Packaging Equipment. By packaging type the pharmaceutical packaging equipment market is categorised as Primary Packaging Equipment, Secondary Packaging Equipment. The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.

The Report Segments Global Pharmaceutical Packaging Equipment Market -
By Product Type

  • Solids Packaging Equipment
  • Semi-Solids Packaging Equipment
  • Liquids Packaging Equipment

 
By Packaging Type

  • Primary Packaging Equipment
  • Secondary Packaging Equipment

 
By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

 
Players Profiled In the Report:
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.

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