Pharmaceutical Packaging Equipment Market is Anticipated to Surpass $146 Billion by 2026 end

  • 08 Apr 2019

The packaging of pharmaceutical products and drug delivery systems is crucial. Pharmaceutical packaging equipment allows for maintaining the quality and protection of pharmaceutical products. The increased drug manufacturing, research investments and new improvements in packaging materials are in particular driving the pharmaceutical packaging equipment market growth. Safety and high quality of all pharmaceutical products are of utmost importance and that is aptly ensured by pharmaceutical packaging equipment. Present advancements in packaging techniques provide modern pharmaceutical packaging equipment with an upper hand over conventional packaging system. Patient compliance and quality norms have generated the need for production of innovative packaging materials.

The pharmaceutical industry is stringently regulated and high-cost equipments are involved. This results in increased cost pressure. Also, implementation of revamped packaging techniques considerably hinders the growth of this market. Due to such scenarios pharmaceutical companies are changing their operational as well as manufacturing processes. Rigid regulations force the pharmaceutical industry to follow necessary standards when dealing with the drugs as they can have a direct impact on human health.

Pharmaceutical Packaging Equipment Market Overview

  •  The global pharmaceutical packaging equipment market reached a global value of $6.2 billion in 2018 and global value is expected to surpass $146 billion by 2026 end
  • Increase in regulatory norms, hike in generic market and packaging innovation& automation are major factors driving rapid growth for the forecasted period of 2019-2026
  • The global pharmaceutical packaging equipment market is anticipated to register a CAGR of 7.56% during the forecasted period of 2019-2026

 

Key Trends in Pharmaceutical Packaging Equipment Market

  • Rising demand for eco-friendly, recyclable, compostable and biodegradable packaging
  •  Focus on reduced drug wastage, convenience and ease-of- drug administration
  • Rapid growth in developing countries in the APAC region, due to intensive product innovations through extensive research and development activities will continue to promote pharmaceutical packaging market growth

 

Pharmaceutical Packaging Equipment Market Summary:

Segmentation based on Product Type: 

o    Aseptic Packaging Systems

o    Case Packer System

o    Wrapping Machine

o    Palletizing Machine

o    Labelling 

Segmentation based on End User:

o    Contract Manufacturing Organization

o    Pharmaceutical Companies

o    Contract Research Organizations

o    Contract Packaging Service Provider

Segmentation based on Region: 

Europe  

North America  

APAC  

Latin America

Rest of World

 

Competitive Landscape:  

•    Tier 1 players- established companies in the market with a major market share  

•    Tier 2 players 

•    Emerging players which are growing rapidly 

•    New Entrants  

FutureWise Takeaways  

•    Growth prospects  

•    SWOT analysis 

•    Key trends 

•    Key data-points affecting market growth  

 

Objectives of the Study:

•    To provide with an exhaustive analysis on global pharmaceutical packaging equipment market on the basis of product type, end-user and region  

•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

•    To evaluate and forecast micro-markets and the overall market  

•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 

•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 

•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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