The Global PharmaceuticalPackaging Equipment Market, by Product (Primary Packaging Equipment,Secondary Packaging Equipment, and Labeling and Serialization Equipment) byType (Liquids Packaging Equipment, Solid Packaging Equipment, Semi-SolidPackaging Equipment, and Other Products Packaging Equipment), by End User(Pharmaceutical Manufacturing, Contract Packaging, Retail Pharmacy,Institutional Pharmacy, and Others), and by Region (North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa) was valued US$ 7.3Billion in 2018, and is projected to exhibit a CAGR of 8.2% during the forecastperiod (2018 - 2026) as highlighted in a new report published by.
Pharmaceutical packaging protectsproducts from physical, chemical, and microbiological damage. It is also amedium to present ads and useful details to consumers. In pharmaceuticalpackaging, customers always prefer efficient packaging that can maintain thequality of the product. Pharmaceutical packaging is very sensitive towardsoutdoor elements such as light and moisture. For instance, in May 2018,Italy-based IMA Group companies- IMA Life and IMA Active, a companies engagedin design and manufacturing of automatic machines for the processing andpackaging of pharmaceuticals, cosmetics, food, tea and coffee–introduced newsales team in India that focuses on sales and services of solid dose, asepticprocessing, filling technology, and freeze-drying solutions. During the launchof these equipment, the company dedicated its special focus on marketing ofQuantum, a new non-invasive technique capable of performing quantitativereal-time process measurements that was applied to freeze drying and tocontinuous freeze drying process.
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Browse 26 Market Data Tables and31 Figures spread through 188 Pages and in-depth TOC on "PharmaceuticalPackaging Equipment Market, by Product (Primary Packaging Equipment, SecondaryPackaging Equipment, and Labeling and Serialization Equipment), by Type(Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid PackagingEquipment, and Other Products Packaging Equipment), by End User (PharmaceuticalManufacturing, Contract Packaging, Retail Pharmacy, Institutional Pharmacy, andOthers), and by Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa) - Global Forecast to 2026"
Furthermore, key players in thepharmaceutical packaging equipment market are focused on introducing innovativeequipment, which offer improved accessibility and speed in pharmaceuticalpackaging processes. For instance, in December 2018, JVM — a subsidiary ofHanmi Pharmaceutical — introduced NS20 — a pharmaceutical packaging machine,which can prevent packaging errors of pharmaceuticals while speeding up theautomatic dispensing procedure and can save wrapping paper. NS20 is based onACRS- III technology, which automatically recognizes the position of a canistercontaining a drug. The platform automatically stops packaging when it detectsthe wrong medication during preparation. The NS20 model is suitable for largepharmacies and hospital pharmacies and comes with the latest automatic sensorand communication technology ACRS-III and ATDPS — a conventional automaticmedicine classification and packaging system.
Key Takeaways of thePharmaceutical Packaging Equipment Market:
The global pharmaceuticalpackaging equipment market is expected to witness a CAGR of 8.2% during theforecast period (2018 – 2026), owing to increasing need for flexible andintegrated packaging equipment
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Among product, the primarypackaging equipment segment accounted for major market share in 2017. This ismainly attributed to the ease of handling offered by primary pharmaceuticalpackaging equipment, development of novel forms of drug delivery andbiopharmaceuticals, and the increasing norms of and quality criteria.Furthermore, primary packaging performs the central function to protect andpreserve products from damage, external hindrance or contamination, spoilage,and chemical imbalances. Primary packaging also helps to store products forlong durations and keeps the product completely sealed from the surroundings.
Among type, liquids packagingequipment segment accounted for major market share in 2017. Reagents and kitsare integral and inevitable part of pharmaceutical packaging. The demand forreagents and kits is high, owing to their increasing adoption in diagnosis andtreatment regime of infectious disease such as HIV diagnostic assay,tuberculosis infection, Zika virus infection, among others. Moreover, highdemand for complex formulations, increasing incidences of eye disorders, anddevelopment of novel drug delivery systems is expected to boost growth of thesegment.
Among end user, pharmaceuticalmanufacturing segment held major market share in 2017, and is expected toretain its dominance throughout the forecast period. This is mainly due to thepresence of in-house packaging facilities in the manufacturing locations ofindustry participants. Pharmaceutical manufacturing incurs major demand forpackaging equipment due to high end-use consumption of packaging products.
Some of the major playersoperating in the global pharmaceutical packaging equipment market include,Robert Bosch GmbH, Industria Macchine Automatiche S.p.A., Marchesini GroupS.p.A., Korber AG, MG2 s.r.l., Accutek Packaging Equipment Companies, Inc.,Vanguard Pharmaceuticals Machinery, Inc., Romaco Pharmatechnik GmbH, Bausch +Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG, and OPTIMA Packaging Group GmbH
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