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Europe pharmaceutical packaging equipment market worth will be USD 1.91 billion by 2021 according to new research report

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The Europe Pharmaceutical Packaging Equipment Market published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc.

According to the report “Europe Pharmaceutical Packaging Equipment Market By Package (Primary Packaging Equipment, Secondary Packaging Equipment, Labelling & Serialization Equipment), By Product (Liquid Packaging Equipment, Solid Packaging Equipment And Semi-solid Packaging Equipment) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, The Europe Pharmaceutical Packaging Equipment Market was worth USD 1.38 billion in 2016 and is expected to grow at a CAGR of 6.75%, to reach USD 1.91 billion by 2021. The market has a high expected growth during the forecast period and will continue to expand in the years to come.

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Pharmaceutical Packaging Equipment is a vital market to the healthcare industry as it helps in protection of the medicines from any toxic influences. The recent period has seen a significant rise in the importance paid to the Pharmaceutical Packaging Equipment.

The different containers which hold pharmaceutical products are a bottle, ampoule, single dose container, tube, and others. The pharmaceutical packaging is made up of plastic, glass, paper, metal and many different raw materials.

The growth of the Europe Pharmaceutical Packaging Equipment Market is mainly driven by factors such as increasing awareness about the quality and safety of pharmaceutical medications and sudden growth of pharmaceutical industry are the factors expected to drive the market growth for this region. However, unsuitable political environment and high competition are preventing the growth of this market.

The Europe Pharmaceutical Packaging Equipment Market is broadly categorized into Primary Packaging Equipment, Secondary Packaging Equipment and Labelling & Serialization Equipment on the basis of Packaging. The primary packaging equipment includes Aseptic Filling and Sealing Equipment, Bottles Filling and Capping Equipment, Blister Packaging Equipment, Soft-Tube Filling and Sealing Machines, Sachet Packaging Equipment, Strip Packaging Equipment, Counting Equipment and Others.

The secondary packaging equipment includes Cartoning Equipment, Case Packaging Equipment, Wrapping Equipment, Tray Packaging Equipment, Palletizing and De-palletizing Equipment and Others. The labeling and serialization equipment includes Bottles and Ampoules, Cartons and Data-matrix.

Further, the market is segmented on the basis of Product into Liquid Packaging Market, Solid packaging Market, and Semi-solid Packaging Market. Liquid packaging market covers equipment for Aseptic Liquids, Syrups, Ear/Eye drops, Aerosols and others while solid packaging market covers equipment for Tablets, Capsules, Powders, and Granules.

The semi-solids packaging covers Ointments, creams, and Suppositories.

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The Europe market has been geographically segmented into Germany, Spain, U.K, Denmark, and Netherlands. Pharmaceutical companies in Europe are outsourcing their production processes to Asia-Pacific countries owing to cheap labor which is leading to the market growth.

The market in this region is projected to grow strongly during the forecast period due to various factors such as R & D development and increasing concern for the quality of pharmaceutical medicines.

This market is extremely disjointed with developing players operating in the business. The major companies in the Pharmaceutical Packaging Equipment Market in are 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).

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