The global pharmaceutical packaging equipment market is expected to reach US$ 5.1 Bn in 2022. Demand is projected to increase at a robust 8.9% CAGR over the forecast period, pushing the market size US$ 12 Bn by 2032.
Because of rising healthcare spending, the launch of novel treatments, and rising frequency of chronic diseases, the global pharmaceuticals market is expanding. This will allow low-cost generic alternatives to enter the market, which will spur demand for pharmaceutical packaging equipment.
Increasing production volume is likely to fuel the generic drug packaging machine market, particularly in Latin America and Asia Pacific with low-cost manufacturing facilities. The demand for pharmaceutical medications is predicted to rise, resulting in a greater requirement for efficient packaging systems, which will drive sales of automated machines that can produce high-speed packaging output.
Pharmaceutical packaging equipment manufacturers are investing in research and development processes that can create sustainable solutions for the pharmaceutical sector. Sustainable packaging solutions including glass bottles, recyclable plastics, etc. address sustainability concerns by lowering the environmental impact and increasing the recycling rate in the pharmaceutical industry.
“Growing preference for blister packaging equipment, along with increasing sales of generic drugs such as tablets and capsules will augment the growth in the market,” says FMI analyst.
Leading players operating in the global pharmaceutical packaging equipment market are investing in research and development to expand their global reach. Some of the key players include IMA, Bosch, Uhlmann, Körber AG, Multivac, Marchesini Group, Optima, Bausch Strobel, Gerhard Schubert, CKD Corporation.
Leading Companies Profiled in Pharmaceutical Packaging Equipment Market are
Gerresheimer, Robert Bosch GmbH, I.M.A. Industria Macchine Automatiche SpA, Marchesini Group S.p.A, Bausch+Ströbel Maschinefabrik Ilshofen GmbH+Co. KG, Romaco Group, Dara Pharmaceutical Equipment, MULTIVAC Group, Accutek Pharmaceutical Equipment Companies, Inc., OPTIMA Packaging Group, Trustar Pharma Pack Equipment, Co. Ltd., MG2 s.r.l., Inline Filling Systems, nVenia LLC, ACIC Pharmaceuticals Inc., Harro Höfliger, NJM Packaging, CKD Corporation, Herma GmbH, ProMach, Inc.
Global Pharmaceutical Packaging Equipment Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for global pharmaceutical packaging equipment market by packaging format (primary packaging, secondary packaging, and tertiary packaging), by machine type (filling, labelling, form-fill-seal (FFS), blister packaging, capping, wrapping, palletizing and others), by application (tablets, powders, cream, syrup, and aerosol), region.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.