Pharmaceutical Packaging Equipment Market Size And Forecast
Pharmaceutical Packaging Equipment Market size was valued at USD 7.24 Billion in 2022 and is projected to reach USD 13.75 Billion by 2030, growing at a CAGR of 7% from 2023 to 2030.
The growing need for flexible and integrated packaging equipment is the crucial aspect of the rise in the market revenue of Pharmaceutical Packaging Equipment as well as the high growth in the generic and biopharmaceutical markets that will foster market growth. The Global Pharmaceutical Packaging Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Pharmaceutical Packaging Equipment Market Definition
Pharmaceutical packaging, also known as drug packaging is defined as the packages and packaging processes used for pharmaceutical preparations. Packaging machinery is applied throughout all packaging procedures, including primary packages to distribution packs. This involves multiple packaging processes: fabrication, cleaning, filling, sealing, combining, labeling, overwrapping, and palletizing.
Pharmaceutical packaging machinery implements efficient solutions for providing pharmaceutical and nutraceutical commodities for distribution. The most recent pharmaceutical packaging equipment can include sealers, label applicators, case packers, hand packing stations, and hard glaze over wrappers.
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Global Pharmaceutical Packaging Equipment Market Definition
Pharmaceutical packaging, also known as drug packaging is defined as the packages and packaging processes used for pharmaceutical preparations. Packaging machinery is applied throughout all packaging procedures, including primary packages to distribution packs. This involves multiple packaging processes: fabrication, cleaning, filling, sealing, combining, labeling, overwrapping, and palletizing.
Pharmaceutical packaging machinery implements efficient solutions for providing pharmaceutical and nutraceutical commodities for distribution. The most recent pharmaceutical packaging equipment can include sealers, label applicators, case packers, hand packing stations, and hard glaze over wrappers.
Pharmaceutical Packaging Equipment Market, By Product
- Liquids Packaging Equipment
- Solids Packaging Equipment
- Semi-Solids Packaging Equipment
- Others
Based on Product, the market is bifurcated into Liquids Packaging Equipment, Solids Packaging Equipment, Semi-Solids Packaging Equipment, and Others. The liquid packaging equipment segment accounted for the most important share of the market. The massive share of the liquid packaging equipment segment is especially attributed to the high production of liquid formulations and therefore the increasing incidence of eye and ear disorders across the world.
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Pharmaceutical Packaging Equipment Market, By Package
- Primary Packaging Equipment
- Secondary Packaging
- Labeling and Serialization Equipment
Based on the Package, the market is bifurcated into primary packaging equipment, secondary packaging, and labeling and serialization equipment. The first packaging equipment segment accounted for the most important share of the market. the massive share of this segment can mainly be attributed to the convenience of handling and shelving pharmaceuticals after primary packaging, the development of novel sorts of drug delivery, and biopharmaceuticals stimulating the necessity for innovation in primary packaging, and increasing regulatory norms and internal control criteria.
Pharmaceutical Packaging Equipment Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Pharmaceutical Packaging Equipment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is predicted to carry the most important market size within the market during the forecast period, followed by the North American region. Growth within the European market is majorly driven by the high pharmaceutical production, increasing demand for flexible packaging equipment by major pharmaceutical manufacturers, and therefore the rising specialization in product diversification by companies which are driving the demand for innovative packaging equipment within the market.
Key Players
The “Global Pharmaceutical Packaging Equipment Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Romaco Pharmatechnik GmbH, MULTIVAC, Marchesini Group S.p.A., Korber Ag, Robert Bosch Gmbh, MG2 s.r.l., Uhlmann-Group, OPTIMA packaging group GmbH, I.M.A. Industria Macchine Automatiche S.p.A. and Bausch & Strobel Maschinenfabrik llshofen Gmbh Co. Kg.
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