Pharmaceutical Packaging Equipment Market worth 8.24 Billion USD by 2022


Posted August 13, 2018 by snehalshaha

The global pharmaceutical packaging equipment market is expected to reach USD 8.24 Billion by 2022 from USD 5.93 Million approximately in 2017, at an approximate CAGR of 6.8% during the forecast period.

 
The report "Pharmaceutical Packaging Equipment Market by Package (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), Product (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2022" , analyses and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Browse 220 market data tables and 42 figures spread through 240 pages and in-depth TOC on "Pharmaceutical Packaging Equipment Market by Package (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), Product (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-equipment-market-19845828.html
Early buyers will receive 10% customization on reports.
The global pharmaceutical packaging equipment market is expected to reach USD 8.24 Billion by 2022 from USD 5.93 Million approximately in 2017, at an approximate CAGR of 6.8% during the forecast period. Factors driving market growth include the expanding generics market, rising need of novel and flexible packaging equipment, growing offshore manufacturing in the pharmaceutical market, and increasing contract manufacturing in the pharmaceutical packaging equipment market. Also, the rising need for stringent regulatory compliances and validation processes compelling the replacement of older equipment are also offering significant growth opportunities in the pharmaceutical packaging equipment market. The development of production lines for small batch size and research purposes, growing focus of pharmaceutical manufacturers to cut operational costs, and rising emphasis on labeling and serialization for anti-counterfeiting of drugs are the key trends in the pharmaceutical packaging equipment market.
In this report, the market is segmented based on package, product, and region. This report also discusses the key market drivers, restraints, opportunities, and challenges for this market and its submarkets.
On the basis of package type, the market is segmented into primary packaging, secondary packaging, and labeling and serialization equipment. In 2016, the primary packaging equipment segment accounted for the largest share of the pharmaceutical packaging equipment market. The large share can be attributed to the rising regulatory modifications, rapid growth in the pharmaceutical industry, and rising technological advancements. The primary packaging equipment market is further segmented into aseptic filling and sealing equipment, bottle filling and capping equipment, blister packaging equipment, soft tube filling and sealing machines, sachet packaging equipment, strip packaging equipment, counting equipment, and others. In 2016, the aseptic filling and sealing equipment segment accounted for the largest share of the primary packaging equipment market.
Based on product type, the market is segmented into solid packaging equipment, semi-solid packaging equipment, liquid packaging equipment, and other packaging equipment. In 2016, the liquid packaging equipment segment accounted for the largest share of the pharmaceutical packaging equipment market. This growth can be attributed to the increasing demand for automated packaging solutions, rising incidence of eye and ear disorders, and growing demand for integrated packaging lines for liquid pharmaceutical products. However, the other packaging equipment segment is expected to register the highest growth rate during the forecast period. These equipment are used for packaging of products such as contact lenses, blood plasma fractionates, nanosomes, and other such novel pharmaceutical products.
In 2016, North America dominated the global pharmaceutical packaging equipment market. High R&D expenditure, the presence of major pharmaceutical market players, and increasing government support are some of the factors driving the growth of the pharmaceutical packaging equipment market in this region.
The prominent players in the global pharmaceutical packaging equipment market are IMA S.p.A. (Italy), Bausch + Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG (Germany), Robert Bosch GmbH (Germany), Körber AG (Germany), Marchesini Group S.p.A. (Italy), Multivac Group (Germany), Uhlmann Group (Germany), OPTIMA Packaging Group GmbH (Germany), and Romaco Pharmatechnik GmbH (Germany).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By digitalmarket
Phone 1-888-600-6441
Business Address MarketsandMarkets™ ,UNIT no 802, Tower no. 7, SEZ,Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Country United States
Categories Medical , Research , Technology
Tags packaging equipment market for pharmaceutical
Last Updated August 13, 2018