Global Pharmaceutical Packaging Equipment Market by Machine Types, Product Types, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global pharmaceutical packaging equipment market was valued at USD 6 billion in 2019 and is projected to reach over USD 9 billion by 2026, expanding at a CAGR of more than 7% during the forecast period, 2020–2026. The growth of the market is attributed to the rising adoption of flexible and innovative packaging technologies worldwide.
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Pharmaceutical packaging also called as drug packaging is the bundling processes for pharmaceutical compositions. It includes tall of the operations from manufacturing through medication circulation channels to the end consumer. In the pharmaceutical sector, packaging equipment is needed for primary and secondary packing of the items. Exceptionally sophisticated packing machines are required to protect the medications and keep them free of contamination.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising investments in healthcare due to increasing prevalence of chronic disorders is driving the growth of the market.
- Increasing demands for introductions of advanced and novel drugs due to higher standards of living is a favorable factor driving the market growth.
- Rising environmental regulations and safety is acting as a restraint for the growth of the market.
- Growing preference for retrofitted and refurbished equipments is a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.
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Some of the other key players operating in the market include Robert Bosch GmbH, Romaco Holding, Marchesini Group, Korber AG, I.M.A. Industria Macchine Automatiche S.p.A., Uhlmann Group, Accutek Packaging Equipment Companies, Vanguard Pharmaceuticals Equipment, Bausch + Ströbel, and Coesia . The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
The Global Pharmaceutical Packaging Equipment Market has been segmented on the basis of
- Asia Pacific
Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Pharmaceutical Packaging Equipment Market Overview
- Global Pharmaceutical Packaging Equipment Market Analysis and Forecast by Type
- Global Pharmaceutical Packaging Equipment Market Analysis and Forecast by Application
- Global Pharmaceutical Packaging Equipment Market Analysis and Forecast by Sales Channel
- Global Pharmaceutical Packaging Equipment Market Analysis and Forecast by Region
- North Pharmaceutical Packaging Equipment Market Analysis and Forecast
- Latin Pharmaceutical Packaging Equipment Market Analysis and Forecast
- Europe Pharmaceutical Packaging Equipment Market Analysis and Forecast
- Asia Pacific Pharmaceutical Packaging Equipment Market Analysis and Forecast
- Middle East & Africa Pharmaceutical Packaging Equipment Market Analysis and Forecast
- Competition Landscape
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