Overview and Scope
Pharmaceutical packaging equipment refers to the equipment comprised of multiple equipment and its components, piping, instruments, electrical items and other related accessories which are all fabricated and assembled at the shop and usually mounted on the skid which are ready for connection and used for packaging of all pharmaceutical products, using flexible, and heat sealable material to form packages that are filled with a product and then sealed.
Sizing and 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry 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.
The pharmaceutical packaging equipment market report table of contents includes:
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. Global Pharmaceutical Packaging Equipment Market Size and Growth
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32. Global Pharmaceutical Packaging Equipment Market Competitive Benchmarking
33. Global Pharmaceutical Packaging Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharmaceutical Packaging Equipment Market
35. Pharmaceutical Packaging Equipment Market Future Outlook and Potential Analysis
36. Appendix
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