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2024 Pharmaceutical Packaging Equipment Market Report : Market Size, Growth Drivers, And Key Trends | Robert Bosch GmbH, Thermo Fisher Scientific Inc., GEA Group AG, Middleby Corporation
Pharmaceutical Packaging Equipment Global Market Report 2024
Pharmaceutical Packaging Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $18.96 billion In 2028 At A CAGR Of 11.8% :
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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Pharmaceutical Packaging Equipment Market Major Segments
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
Key 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.
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Prominent Trend - Automatic Packaging Machines Revolutionize The Pharmaceutical Packaging Equipment Market
The automatic packaging machine is increasingly utilized in the pharmaceutical packaging equipment market. The machine automatically supplies packing materials and contents, and other parts of the packaging process can be done automatically. For instance, in September 2022, Ranpak, a US-based paper packaging company, launched the automated in-line packing machine Cut'it! EVO worldwide. The machine is designed to increase packaging output, reduce operating costs, and enhance sustainability for customers' operations. It offers benefits such as improved sustainability and reduced shipping volume.
Pharmaceutical Packaging Equipment Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the pharmaceutical packaging equipment market in 2023. Asia-Pacific was the second-largest market in the pharmaceutical packaging equipment market. The regions covered in the pharmaceutical packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharmaceutical Packaging Equipment Market Report Structure
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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