Press release
Pharmaceutical Tablet Packaging Equipment Market Forecast To Grow At CAGR Of 8.98% Between 2017-2021
Pharmaceutical tablets are the solid unit dosage medicines comprising active substances and excipients. The packaging for pharmaceutical tablets is available in several forms including blister packs, strip packs, and aluminum foil. Based on the needs and requirements of the packaging, pharmaceutical packaging equipment are required for the packaging of pharmaceutical tablets. Pharmaceutical packaging equipment is a machinery used to pack pharmaceutical products so that they remain unscathed in the event of contamination through external toxins and microbial activity, and to extend their shelf life. Continuous improvements and innovations in the pharmaceuticals industry through drug developments and increased sales are driving the growth of the market. With growing benefits of pharmaceutical packaging, the demand for pharmaceutical tablet packaging equipment is increasing.
Technavios analysts forecast the global pharmaceutical tablet packaging equipment market to grow at a CAGR of 8.98% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global pharmaceutical tablet packaging equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of tablet packaging equipment by several types which include blister packaging equipment, strip packaging equipment, aluminum foil packaging equipment, and other equipment. The 'others' segment includes fill and sealing equipment, automatic pouch packing machine, tablet counting machine, and vertical tablet packing machine.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Pharmaceutical Tablet Packaging Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Bosch
GEA Group
LMT Group
IMA
Marchesini Group
MG2
MULTIVAC
Romaco Group
UHlmann
Busch Machinery
Market driver
Growing developments in pharmaceutical industry
For a full, detailed list, view our report
Market challenge
Availability of used equipment
For a full, detailed list, view our report
Market trend
Rising developments in pharmaceutical packaging equipment industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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