Pharmaceutical Packaging Equipment Market Worth $12.4 Billion | Zion Market Research
As per Zion Market Research, the global pharmaceutical packaging equipment market in terms of revenue was estimated to be worth $8.9 Billion in 2023 and is poised to reach $12.4 Billion by 2028, growing at a CAGR of 7.0% from 2023 to 2028. The augmenting demand for incorporating equipment besides innovative and flexible packing is likely to drive the market development in the estimated period. Across the pharmaceutical segment, packaging equipment is needed for primary & secondary packing, coding, and labeling of the products. Highly advanced packing machines are entailed to protect the drugs and keep them contamination-free. Furthermore, there have been policies for the serialization and monitoring of pharmaceutical products, which is further expected to propel the demand for packaging equipment.
Rising Demand For Technically Advanced Packing Solutions To Accelerate The Growth Of The Global Market
The growing population, augmented awareness about the diseases, and high spending approach on pharmaceutical products is likely to boost the pharmaceutical industry, in return, spurring the packaging equipment market. Furthermore, many administrations have undertaken numerous attempts to offer medicines to common people at reasonable prices, which have augmented the demand for packaging equipment globally. The global market is dominated by MNCs, which are mainly headquartered in North America and Europe. Rising demand for the highly automated, technically advanced, and integrated packing solutions in the emerged countries, including the U.S., Russia, Germany, and Italy are likely to have an upbeat impact on the market during the forecasted period.
The global pharmaceutical packaging equipment market is bifurcated on the basis of product, packaging type, equipment type, mode of administration, and regional analysis. Based on the product, the market is divided into secondary packaging equipment, primary packaging equipment, and labeling & serialization equipment. The primary packaging equipment segment is subdivided into bottle filling & capping equipment, aseptic filling & sealing equipment, soft-tube filling & sealing machines, blister packaging equipment, strip packaging equipment, sachet packaging equipment, bulk bottle unscramblers, counting equipment, cap retorquer machines, cartridge filling & sealing machine, rigid-tube fillers, stick packaging equipment, and wallet machines. The secondary packaging equipment segment is subdivided into case packaging equipment, cartooning equipment, tray packaging equipment, wrapping equipment, and palletizing & depalletizing equipment. The labeling & serialization equipment segment is subdivided into carbon labeling & serialization, bottle & ampoule labeling & serialization, and datamatrix labeling & serialization. Based on the packaging type, the market is divided into solid packaging equipment, liquids packaging equipment, and semi-solid packaging equipment. The liquids packaging equipment segment is subdivided into syrup packaging equipment, aseptic liquids packaging equipment, aerosol packaging equipment, and eye/ear drop packaging equipment. The solid packaging equipment segment is subdivided into capsule packaging equipment, granule packaging equipment, powder packaging equipment, and tablet packaging equipment. The semi-solid packaging equipment segment is subdivided into cream packaging equipment, ointment packaging equipment, and suppository packaging equipment. Based on the equipment type, the market is divided into granulators, blenders, tablet coating machines, tablet pressers, and allied machines. Based on the mode of administration, the market is divided into topical administration, injectable administration, and oral administration.
Asia Pacific Predicted To Register Massive Growth In The Global Pharmaceutical Packaging Equipment Market
Based on geographical analysis, the global pharmaceutical packaging equipment market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is the major market for pharmaceutical packaging equipment accompanied by Europe and Asia Pacific. This is due to the boost in investment in new drug delivery techniques, augmenting awareness concerning the healthcare segment and high healthcare spending across the region. Asia Pacific is likely to witness a high growth rate in the upcoming few years owing to growing contract manufacturing activities, increasing aging population, administrative initiatives, and development in the pharmaceutical sector.
Some of the major players in the global market are -
- Korber AG
- Marchesini Group
- Romaco Holding
- Robert Bosch GmbH
- Uhlmann Group
- I.M.A. Industria Macchine Automatiche S.p.A.
- Vanguard Pharmaceuticals Equipment
- Accutek Packaging Equipment Companies
- Coesia
- Bausch + Ströbel.
The global pharmaceutical packaging equipment market is segmented as follows:
By product:
- Primary Packaging EquipmentBlister Packaging EquipmentSoft-Tube Filling & Sealing MachinesAseptic Filling & Sealing EquipmentBottle Filling & Capping EquipmentCounting EquipmentBulk Bottle UnscramblersSachet Packaging EquipmentStrip Packaging EquipmentStick Packaging EquipmentRigid-Tube FillersCartridge Filling & Sealing MachineCap Retorquer MachinesWallet Machines
- Secondary Packaging EquipmentCase Packaging EquipmentCartooning EquipmentTray Packaging EquipmentWrapping equipmentPalletizing & Depalletizing Equipment
- Labeling and Serialization equipmentCarbon Labeling & SerializationBottle & Ampoule Labeling and SerializationDatamatrix Labeling & Serialization
By packaging type:
- Syrup Packaging Equipment
- Eye/Ear Drop Packaging equipment
- Liquids Packaging Equipment
- Aseptic Liquids Packaging Equipment
- Tablet Packaging Equipment
- Capsule Packaging Equipment
- Aerosol Packaging Equipment
- Solid Packaging Equipment
- Semi-Solid Packaging Equipment
- Ointment Packaging Equipment
- Powder Packaging Equipment
- Granule Packaging Equipment
- Cream Packaging Equipment
- Suppository Packaging Equipment
By equipment type:
- Tablet Pressers
- Blenders
- Granulators
- Tablet Coating Machines
- Allied Machines
By mode of administration:
- Topical Administration
- Injectable Administration
- Oral Administration
By region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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