Pharmaceutical Packaging Equipment Market demand growing at a robust 8.9% CAGR By 2032

The global pharmaceutical packaging equipment market is expected to reach US$ 5.1 Bn in 2022. Demand is projected to increase at a robust 8.9% CAGR over the forecast period, pushing the market size US$ 12 Bn by 2032.

Because of rising healthcare spending, the launch of novel treatments, and rising frequency of chronic diseases, the global pharmaceuticals market is expanding. This will allow low-cost generic alternatives to enter the market, which will spur demand for pharmaceutical packaging equipment.

Increasing production volume is likely to fuel the generic drug packaging machine market, particularly in Latin America and Asia Pacific with low-cost manufacturing facilities. The demand for pharmaceutical medications is predicted to rise, resulting in a greater requirement for efficient packaging systems, which will drive sales of automated machines that can produce high-speed packaging output.

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Pharmaceutical packaging equipment manufacturers are investing in research and development processes that can create sustainable solutions for the pharmaceutical sector. Sustainable packaging solutions including glass bottles, recyclable plastics, etc. address sustainability concerns by lowering the environmental impact and increasing the recycling rate in the pharmaceutical industry.

"Growing preference for blister packaging equipment, along with increasing sales of generic drugs such as tablets and capsules will augment the growth in the market," says FMI analyst.

Key Takeaways:

Sales in the blister packaging machine segment will increase at a CAGR of 7.1% over the forecast period.
In terms of machine type, demand for automatic pharmaceutical packaging equipment are forecast to grow at a 7.6% CAGR through 2032.
Total sales in the U.S. market are expected to account for 1/4th of the total market share.
India will emerge as a lucrative pocket, with sales projected to grow 2.5x over the forecast period.
Competition Landscape

Leading players operating in the global pharmaceutical packaging equipment market are investing in research and development to expand their global reach. Some of the key players include IMA, Bosch, Uhlmann, Körber AG, Multivac, Marchesini Group, Optima, Bausch & Strobel, Gerhard Schubert, CKD Corporation.

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Leading Companies Profiled in Pharmaceutical Packaging Equipment Market are

Gerresheimer
Robert Bosch GmbH
I.M.A. Industria Macchine Automatiche SpA
Marchesini Group S.p.A
Bausch+Ströbel Maschinefabrik Ilshofen GmbH+Co. KG
Romaco Group
Dara Pharmaceutical Equipment
MULTIVAC Group
Accutek Pharmaceutical Equipment Companies, Inc.
OPTIMA Packaging Group
Trustar Pharma Pack Equipment, Co. Ltd.
MG2 s.r.l.
Inline Filling Systems
nVenia LLC
ACIC Pharmaceuticals Inc.
Harro Höfliger
NJM Packaging
CKD Corporation
Herma GmbH
ProMach, Inc.
Global Pharmaceutical Packaging Equipment Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for global pharmaceutical packaging equipment market by packaging format (primary packaging, secondary packaging, and tertiary packaging), by machine type (filling, labelling, form-fill-seal (FFS), blister packaging, capping, wrapping, palletizing and others), by application (tablets, powders, cream, syrup, and aerosol), & region.

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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Global Pharmaceutical Packaging Equipment Market by Category

By Automation:

Automatic
Semi-automatic
Manual
By Machine Type:

Bottling Line
Cartoning
Form-fill-seal (FFS)
Blister Packaging
Capping & Closing
Filling & Sealing
Labelling, Decorating & Coding
Palletizing
Wrapping & Bundling
By Application:

Tablets
Powders
Cream
Syrup
Aerosol
By Region:

North America
Latin America
Europe
The Middle East and Africa
East Asia
South Asia
Oceania

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.