The Global Pharmaceutical Packaging Equipment Market was worth USD 5.53 Billion in 2016 and estimated to be growing at a CAGR of 6.7%, to reach USD 7.65 Billion by 2021
Global Pharmaceutical Packaging Equipment Market Overview:
The market is showing evident potential in the mentioned forecasting period. It continues to expand with the recent developments in the Pharmaceutical industry.
Rising need for flexible and versatile packaging, increasing instances of diseases, innovations in the drug industry and sudden growth of the pharmaceutical industry are major drivers the growth for global pharmaceutical packaging equipment market. However, high packaging cost, strict environmental and political norms and high competition between the market players are some of the major factors restraining the growth of global pharmaceutical packaging equipment market.
Global Pharmaceutical Packaging Equipment Market Segmentation:
The Global 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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On the basis of region, the global market is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. The market is led by North America because of advanced technology and the development in the pharmaceutical sector.
But Asia-Pacific is expected to grow at the highest rate in the forecast period owing to the developing economy of its countries.
Some of the major competitors dominating the market 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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