According to the new market research report "Pharmaceutical Packaging Equipment Market by Product (Aseptic Packaging, Blister, Strip, Bottle, Tube, Carton, Case Packer, Wrapping Machine, Palletizing, Labeling & Serialization), Type (Tablet, Powder, Cream, Syrup, Aerosol), Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Pharmaceutical Packaging Equipment Market size is projected to reach USD 10.4 billion by 2025 from USD 7.3 billion in 2020, at a CAGR of 7.4% from 2020 to 2025.
Browse in-depth TOC on "Pharmaceutical
Packaging Equipment Market"
276 – Tables
48 – Figures
330 – Pages
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The growth of the global pharmaceutical packaging equipment
industry is driven by the rapidly growing generic and biopharmaceutical
markets, growth in OTC drug sales, rising need for flexible and integrated
packaging equipment, increased offshore manufacturing in the pharmaceuticals
market, and the introduction of regulatory standards on packaging and stringent
norms against counterfeiting.
Primary packaging equipment accounted for the largest share in
the market in the forecast period.
On the basis of product, the pharmaceutical packaging equipment
market is segmented into primary packaging equipment, secondary packaging
equipment, and labeling and serialization equipment. In 2019, the primary
packaging equipment segment accounted for the largest share of the market. The
main function of primary packaging is to restrict climatic, chemical, or
biological hazards that cause deterioration. The rising need for the aseptic
filling and sealing of drug molecules into sterile containers and the
increasing demand for parenteral vials and prefillable syringes are supporting
the growth of this segment.
Liquid packaging equipment expected to show the highest growth
in the forecast period.
Based on type, the pharmaceutical packaging equipment market is
segmented into liquid, solid, semi-solid, and other packaging equipment. In
2019, the liquid packaging equipment segment accounted for the largest share of
the market, followed by solid and semi-solid packaging equipment segments. The
largest share can be attributed to the wide range of applications of liquid
pharmaceutical dosage as they can be administered via either the oral or the
parenteral route. Their palatability makes them a product of choice for
geriatric and pediatric patients.
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Europe to
hold the largest share in the global market during the forecast period of
2020–2025.
Geographically, the pharmaceutical packaging equipment market is
segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. Growth in the European market is driven majorly by the high
pharmaceutical production, increasing demand for flexible packaging equipment
by major pharmaceutical manufacturers, and the rising focus on product
diversification by companies, driving the demand for innovative packaging
equipment. Regulatory changes are also compelling pharmaceutical manufacturers
to replace their older equipment with new equipment to adhere to the changing
standards.
The prominent players in this market are Syntegon Technology (Germany), IMA S.p.A. (Italy), Körber
AG (Germany), Uhlmann Group (Germany), OPTIMA
Packaging Group (Germany), Romaco
Holding (Germany), Marchesini Group (Italy), ACG Worldwide (India), Coesia
S.p.A. (Italy) and MULTIVAC Group (Germany).
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