Pharmaceutical Packaging Equipment Market accounted for US$ 8.90 billion in 2020 and is estimated to be US$ 18.30 billion by 2030 and is anticipated to register a CAGR of 7.50%. Pharmaceutical packaging, also known as drug packaging, is defined as the packaging process and packages used for pharmaceutical preparation. Packaging machinery is applied throughout all packaging processes such as including primary packages to distribution packs, this can involve multiple packaging processes such as cleaning, fabrication, sealing, filling, labeling, palletizing. Pharmaceutical packaging equipment is implemented efficient solutions for providing pharmaceutical and nutraceutical commodities for distribution. The most recent pharmaceutical packaging equipment includes label applicators, hand packing stations, sealers, and hard glaze over wrappers. It can also use for capsule filling machines, bottle filling and capping, and x-ray inspection systems.
The report " Global Pharmaceutical Packaging Equipment Market, By Product Type (Solids (Tablets, Capsules, and Powders), Semi Solids (Creams and Ointments), and Liquids (Eye Drops / Ear Drops, Aerosols, and Syrups)), By Package Type (Primary Packaging Equipment (Aseptic Filling and Sealing Equipment, Bottle Filling and Capping Equipment, Blister Packaging Equipment, Soft Tube Filling and Sealing Equipment, and Sachet Packaging Equipment) and Secondary Packaging Equipment (Cartoning Equipment, Case Packaging Equipment, and Wrapping Equipment)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· On 28 July 2021, Huhtamaki and Syntegon have launched a paper-based tablet packaging solution for the pharmaceutical industries, Push Tab paper is manufacture from renewable FSC-certified paper. Push tab paper is designed to meet the stringent security requirements of regulated pharmaceutical packaging.
· On 20 July 2021, Nutraceutical Packaging Equipment Company, launched Nutra-Pack Systems, for pharmaceutical industries. Nutra-Pack’s solutions are designed for many nutraceutical applications, including gummies, blisters, solid dose tablets, capsules, and liquids and powders.
Analyst View:
Rising the need for flexible and integrated packaging is a major factor driving the market growth, also growing in the offshore pharmaceutical manufacturing, increase in stringent policies and regulator norms by the government against counterfeit products, increase in the adoption of solid packaging equipment, semisolid packaging equipment, and liquid packaging equipment, increase in the growth in contract manufacturing of pharmaceutical products in the pharmaceutical industry are the major factors among the others propelling the growth of pharmaceutical packaging equipment market. In addition the increase in the introduction of numerous regulatory standards on product packaging and stringent rules against counterfeit products.
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Key Market Insights from the report:
Global Pharmaceutical Packaging Equipment Market accounted for US$ 8.90 billion in 2020 and is estimated to be US$ 18.30 billion by 2030 and is anticipated to register a CAGR of 7.50%. The Global Pharmaceutical Packaging Equipment Market is segmented by Product type, Package Type, and region.
· By Product type, Global Pharmaceutical Packaging Equipment Market is segmented into Solids (Tablets, Capsules, and Powders), Semi Solids (Creams and Ointments), and Liquids (Eye Drops / Ear Drops, Aerosols, and Syrups)
· By Package Type, Global Pharmaceutical Packaging Equipment Market is segmented into Primary Packaging Equipment (Aseptic Filling and Sealing Equipment, Bottle Filling and Capping Equipment, Blister Packaging Equipment, Soft Tube Filling and Sealing Equipment, and Sachet Packaging Equipment) and Secondary Packaging Equipment (Cartoning Equipment, Case Packaging Equipment, and Wrapping Equipment)
· By Region, Global Pharmaceutical Packaging Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
Competitive Landscape:
Key players operating in the global pharmaceutical packaging equipment market includes Accutek Packaging Equipment Companies, Inc, ACG Worldwide, Bausch Strbel Maschinenfabrik Ilshofen GmbH Co Kg, Coesia SPA, IMA SPA, Krber AG, Marchesini Group SPA, MG SRL, Mutivac Group, Optima Packaging Group GmbH, Robert Bosch GmbH, Romaco Holding GmbH, Uhlmann Group.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
