Press release
Pharmaceutical Packaging Equipment Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations and Leading Key Opportunity Forecast To 2033
Pharmaceutical Packaging Equipment Global Market
The Business Research Company offers in-depth market insights through Pharmaceutical Packaging Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pharmaceutical packaging equipment market size has grown rapidly in recent years. It will grow from $10.96 billion in 2023 to $12.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to automation advancements, serialization and track & trace implementation, integration of smart packaging technologies, green and sustainable packaging.
The pharmaceutical packaging equipment market size is expected to see rapid growth in the next few years. It will grow to $18.96 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to operational efficiency focus, pharmaceutical supply chain complexity, sustainable packaging solutions, rapid growth in pharmaceutical industry, regulatory compliance requirements. Major trends in the forecast period include automation and robotics, advanced serialization and track & trace, personalized medicine packaging, flexible and modular packaging solutions, green and sustainable packaging.
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Market Segmentation:
The pharmaceutical packaging equipment market covered in this report is segmented -
1) By Product: Primary Packaging Equipment, Secondary Packaging Equipment, Labelling And Sterilization Equipment
2) By Packaging Type: Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment
3) By Equipment Type: Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, Allied Machines
4) By Mode of Administration: Injectable Administration, Topical Administration, Oral Administration
Major Driver - Rising Aging Population Fuels Growth In The Pharmaceutical Drugs And Packaging Equipment Market
An increase in the aging population is expected to increase the prevalence of age-related ailments, thus contributing to the growth of the pharmaceutical drugs and pharmaceutical packaging equipment market. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC) report, the population aged 65 years and above is expected to reach approximately 71 million by 2030 and 98 million by 2060 in the USA. It is estimated by 2030, China will have nearly half of the Parkinson's disease population in the world, which can be attributed to the country's aging population. This expected increase in the aging population suffering from age-related ailments is projected to drive the pharmaceutical packaging equipment market.
Competitive Landscape:
Major companies operating in the pharmaceutical packaging equipment market report are Robert Bosch GmbH, Thermo Fisher Scientific Inc., GEA Group AG, Middleby Corporation, Korber AG, Coesia S.P.A., Industria Macchine Automatiche S.p.A., Associated Capsules Group of Companies, CCL Container Corp, Optima Packaging Group GmbH, Marchesini Group S.p.A., Uhlmann Pac-Systeme GmbH & Co, Tekni-Plex, Inc., Harro Hofliger Verpackungsmaschinen GmbH, Romaco Holding GmbH, Bausch + Strobel Maschinenfabrik Ilshofen GmbH + Co KG, IWK Verpackungstechnik GmbH, Phoenix Packaging Inc., N.k.p. Pharma Private Limited, ARPAC LLC, Aero Precision Corp, MG2 s.r.l., Vanguard Pharmaceutical Machinery LLC, Accutek Packaging Equipment Companies, Dara Pharmaceutical Packaging, Rommelag AG, Trustar Pharma & Packing Equipment Co Ltd., Multivac Sepp Haggenmuller GmbH & Co KG, Groninger & Co GmbH, Valois Industries Inc., Blister Packaging Holdings Ltd.
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Top Trend - Needle Safety Systems Shaping The Pharmaceutical Packaging Equipment Market
Major companies operating in the pharmaceutical packaging equipment market are focusing on developing innovative products, such as needle safety systems, to gain a competitive edge in the market. A needle safety system is a device designed to prevent accidental needlestick injuries and enhance user safety during the handling and disposal of medical needles. For instance, in October 2021, West Pharma, a US-based pharmaceutical company, launched the NovaGuard SA Pro Safety System in India. It is a single-use accessory for prefilled ISO standard 0.5-mL staked needle syringes, designed with innovative safety features to help protect healthcare workers and patients from accidental needlestick injuries. The device design facilitates easy assembly of a glass pre-filled syringe with minimal change parts and changeover time needed for existing assembly equipment lines at customer facilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharmaceutical Packaging Equipment Market Characteristics
3. Pharmaceutical Packaging Equipment Market Trends And Strategies
4. Pharmaceutical Packaging Equipment Market - Macro Economic Scenario
5. Pharmaceutical Packaging Equipment Market Size And Growth
…..
27. Pharmaceutical Packaging Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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