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Pharmaceutical packaging equipment market to grow at a CAGR of +6% by 2022 according to new research report

Pharmaceutical packaging equipment market to grow at a CAGR of +6% by 2022 according to new research report

The growth of the market can be attributed to factors such as cost containment in pharma R&D, growth in funding for generics and biopharmaceutical research, and technological advancements in labeling and serializations solutions. 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 market. However, growing preference for refurbished packaging equipment as a viable alternative to new packaging equipment with high costs is expected to restrain the market growth to a certain extent. 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.

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Global Pharmaceutical Packaging Equipment market competition by top manufacturers/players, with Pharmaceutical Packaging Equipment sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including: IMA S.p.A, Romaco Pharmatechnik GmbH, Robert Bosch GmbH, Romaco Pharmatechnik GmbH, Marchesini Group S.p.A, Multivac Group, Uhlmann Group and OPTIMA Packaging Group GmbH.

On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into: Solids Packaging Equipment, Semi-Solids Packaging Equipment, Liquids Packaging Equipment

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Pharmaceutical Packaging Equipment for each application, including, Primary Packaging Equipment and Secondary Packaging Equipment. Most of the prominent companies in the market are engaged in product innovation to gain competitive advantage.

“With the advent of novel technologies, the market will gain momentum in the coming years

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Growth in the pharmaceutical industry is primarily aimed at finding effective cure for ailments.

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While this cure could be in any form, the industry’s task does not end with acquiring approval for the same. Rather, it has to focus on myriad aspects co-related with making available novel therapeutics, high-quality packaging being the prime concern.

For medications and therapeutic products to reach customers safely, investment in advanced packaging is considered imperative. Growth in the pharmaceutical industry will therefore usher lucrative opportunities for the global pharmaceutical packaging equipment market.

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The rising demand for patient compliance, novel medicaments, and environmental ethics have bolstered investment in the research and development of pharmaceutical packaging systems. Besides this, stringent regulations mandating the pharmaceutical industry to follow certain standards while dealing with drugs, as they can have direct impact on human lives, have compelled it to focus on advanced pharmaceutical packaging.

Spurred by these factors the demand for pharmaceutical packaging equipment has considerably increased over the last few years. the demand for high-performing equipment will rise as companies look towards integrated packaging technologies. 

The market is projected to grow at a CAGR of +6%

This reports studies in detail The Following segments

Primary Packaging Equipment,  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, Others, Secondary Packaging Equipment,  Cartoning Equipment, Case Packaging Equipment, Wrapping Equipment, Tray Packaging Equipment, Palletizing and De-palletizing Equipment, Others, Labeling & Serialization Equipment, Bottles and Ampoules Labeling & Serialization, Carton Labeling & Serialization, Datamatrix Labeling & Serialization

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