Bharat Book Bureau Provides the Trending Market Research Report on “Pharmaceutical Processing and Packaging Equipment Market by Mode of Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labelling, Serialization), and End-of-Line Packaging (Palletizing, Case Packaging) - Global Forecasts to 2028”under Life Sciences Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Pharmaceutical Processing and Packaging Equipment Market by Mode of Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labeling, Serialization), and End-of-Line Packaging (Palletizing, Case Packaging) - Global Forecasts to 2028
The global Pharmaceutical Processing and Packaging Equipment Market is expected to grow at a CAGR of 4.5% from 2021 to 2028 to reach $25.2 billion by 2028.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities.
The growth in the pharmaceutical processing and packaging equipment market is mainly attributed to significant growth in the pharmaceutical market, growing demand for contract manufacturing, expiration of patents leading to increased production of generics, and a trend of flexible manufacturing. The increase in the pharma RD spending and growth in the domestic manufacturing of pharmaceuticals in several countries such as China, India, Malaysia, Indonesia, and UAE offer significant opportunities for the market's growth.
Based on the delivery mode, in 2021, the oral formulations segment is expected to account for the largest share of the pharmaceutical processing and primary packaging equipment market. The key factors attributing to the largest share are ease of administration, cost-effectiveness, and suitability among all age groups.
Based on type, in 2021, the case packaging equipment segment is estimated to hold the largest share of the pharmaceutical end-of-line packaging market. Key factors attributed to the higher adoption of cartoning equipment are its advantages, like the lightweight and cost-effective cartons' packing pharmaceuticals. The easy handling of the medications through cartons also increases its adoption.
Based on type, the case packaging equipment is segment expected to account for the largest share of the end-of-line packaging market in 2021. The growing threat of counterfeit medicines globally has increased the demand for tracking and tracing pharmaceuticals, leading to the rise in the demand for case packaging. Moreover, the surge in the export import of pharmaceutical products globally also increases the demand for case packaging equipment in the market.
An in-depth analysis of the geographical scenario of the pharmaceutical processing and packaging equipment market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa) along with the coverage of major countries in each region.
In 2021, North America is estimated to command the largest share of the global pharmaceutical processing and packaging equipment market, followed by Europe, Asia-Pacific, Latin America, and the Middle East Africa. Initiatives by public organizations to improve the domestic manufacturing of drugs are key factors driving the market in North America. However, Asia-Pacific is expected to grow at the fastest rate due to growing generic production and government initiatives to increase the domestic manufacturing of pharmaceuticals.
Some of the key players operating in the global pharmaceutical processing and packaging equipment market are ACIC Pharmaceuticals Inc. (Canada), Bausch+Ströbel (Germany), IDEX Corporation (U.S.), JEKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Korber AG (Germany), KORSCH AG (Germany), M.A.R. S.p.A Macchine Automatiche Riempitrici (Italy), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), OPTEL GROUP (Canada), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), Wenzhou Trustar Machinery Technology Co., Ltd (China), Sainty Co(China), ACG (India), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A (Italy), Cadmach Machinery Co. Pvt. Ltd (India), CAM Packaging IT (Italy), Coesia S.p.A (Italy), Fette Compacting (Germany), Freund Corporation (Japan), GEA GROUP (Germany), Glatt GmbH (Germany), LINXIS GROUP (France), Harro Höfliger Verpackungsmaschinen GmbH (Germany), I.M.A INDUSTRIA MACCHINE AUTOMATICHE S.P.A (Italy), Uhlmann Pac-Systeme GmbH Co. KG (Germany), Truking Technology Limited (China), and Tecnomaco Italia SRL (Italy).
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