(PharmaNewsWire.Com, August 01, 2019 ) According to this latest publication from Meticulous Research®, the global
pharmaceutical processing and packaging equipment market is expected to grow at a CAGR of 3.8% from 2019 to reach $21.5 billion by 2025. The growth of the pharmaceutical processing & packaging equipment market is mainly attributed to growing aging population, rapid rise in chronic & infectious diseases, growth in the pharmaceutical market, growing technological advancements, growing need to comply with various regulations, and increasing demand for flexible and integrated pharmaceutical packaging equipment. However, demand of refurbished products and huge unused production capacities in the pharmaceutical sector may hinder the growth of pharmaceutical processing & packaging equipment market to some extent.
Market Insights -
Drivers -
1. Growth in Aging Population
2. Rapid Rise Prevalence of Chronic and Infectious Diseases
3. Rapid Growth in Pharmaceutical Market
4. Technological Advancements
5. Growing Need to Comply with Various Regulations
6. Increasing Demand for Flexible and Integrated Pharmaceutical Packaging Equipment
Restraints -
1. Demand of Refurbished Machines
2. Huge Unused Production Capacities in the Pharmaceutical Sector
Key Findings in the Global Pharmaceutical Processing & Packaging Equipment Market Study:
The global pharmaceutical processing & packaging equipment market study presents historical market data in terms of values & volume (2017 and 2018), estimated current data (2019), and forecasts for 2025. This study analyses the pharmaceutical processing & primary packaging equipment market by mode of drug delivery, secondary packaging equipment market by type, and end-of-line packaging equipment market by type. The study also evaluates industry competitors and analyzes the market at regional and country level.
The pharmaceutical processing & primary packaging equipment market by mode of drug delivery are majorly segmented into oral, parenteral, topical, and other formulations. The oral formulations segment dominated this market in 2018 and will continue its dominance during the forecast period. The largest share of this segment is attributed to huge demand for processing & primary packaging equipment for the production of oral formulations to cater their higher demand owing to their preference as convenient, safe, less expensive, easy, accurate, stable, and cost-effective route of administration.
Based on the type, the secondary pharmaceutical packaging equipment market is segmented as cartoning equipment, wrapping equipment, labeling equipment, and cleaning equipment. Cartoning equipment segment accounted for the largest share of this market in 2018. The largest share of this segment is primarily attributed to increased consumption of cartons in pharmaceutical industry owing to benefits including, eco-friendliness, durability, reusability, and easy disposal nature, as well as availability of cost-effective carton materials.
Further, end-of-line pharmaceutical packaging equipment market is segmented as palletizing and de-palletizing equipment, case packaging equipment, and others. Palletizing and de-palletizing equipment segment accounted for the largest share of the end of line pharmaceutical packaging equipment market in 2018. The largest share of this segment is primarily attributed to increased use of this equipment in the pharmaceutical production, storage, and warehousing process for rapid and inexpensive movement of products.
This research report also analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Europe (Switzerland, Germany, France, U.K., Italy, Spain, Ireland, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global pharmaceutical processing & packaging equipment market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to grow at the higher CAGR during the forecast period. The pharmaceutical processing & packaging equipment market in Asia Pacific, especially in China, India, and Japan, is expected to witness high growth during the forecast period due to drastic ongoing shift of pharmaceutical manufacturing to Asian region, rising public & private investments to support pharmaceutical manufacturing sector in the region, growing demand for medicines from aging population, rising awareness about healthcare, increasing focus of large number of pharmaceutical manufacturers in the region, and increasing consumption of generic drugs.
The major players operating in the global pharmaceutical processing & packaging equipment market are ACG Worldwide, ANTARES VISION S.p.A., BREVETTI CEA S.P.A, Cadmach Machinery Co. Pvt. Ltd, CAM Packaging IT, Coesia S.p.A, Fette Compacting GmbH, Freund-Vector Corporation, GEA Group AG, Glatt GmbH, LINXIS Group, Harro Höfliger Verpackungsmaschinen GmbH, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Uhlmann Pac-Systeme GmbH & Co. KG, Truking Technology Limited, Tecnomaco Italia SRL, Bausch+Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG, IDEX Corporation, JEKSON VISION, Kevin Process Technologies Pvt Ltd, KIKUSUI SEISAKUSHO LTD., KÖrber AG, KORSCH AG, M.A.R. Macchine Automatiche Riempitrici S.p.A., MAQUINARIA INDUSTRIAL DARA, SL, Marchesini Group S.p.A., OPTEL GROUP, OPTIMA packaging group GmbH, Robert Bosch GmbH, Romaco Holding GmbH, and Sainty International Group (SaintyCo), among others.
Key questions answered in the report-
Which are the high growth market segments in terms of mode of drug delivery, product type, and region/countries?
What was the historical market for pharmaceutical processing & packaging equipment across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global pharmaceutical processing & packaging equipment market?
Who are the major players in the global pharmaceutical processing & packaging equipment market?
How is the competitive landscape and who are the market leaders in the global pharmaceutical processing & packaging equipment market?
What are the recent developments in the global pharmaceutical processing & packaging equipment market?
What are the different strategies adopted by the major players in the global pharmaceutical processing & packaging equipment market?
What are the geographical trends and high growth regions/ countries?
Download below free sample report to read the entire article.
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