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In 2022, the market for pharmaceutical packaging equipment will be worth US$5.1 billion. The market size is anticipated to reach US$ 12 Billion by 2032, with demand increasing at a strong 8.9% CAGR over the assessment period.
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In 2022, themarket for pharmaceutical packaging equipmentwill be worth US$5.1 billion. The market size is anticipated to reach US$ 12 Billion by 2032, with demand increasing at a strong 8.9% CAGR over the assessment period. At the end of 2021, the pharmaceutical packaging equipment market had a value of US$ 4.7 billion and had grown by 10.1% since the previous year. Pharmaceutical packaging equipment sales in the blister packing segment experienced a strong 9.1% year-over-year growth in 2021. During the projection period, demand for bottling lines will expand 2.8 times more than that for cartooning machines. 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 inLatin AmericaandAsia Pacificwith 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. Request a Sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15125 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,” saysFMI analyst. Key Takeaways: • Sales in the blister packaging machine segment will increase at a CAGR of7.1%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 1/4thof the total market share. • Indiawill 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. Ask for more Insights Analysis on Report@ https://www.futuremarketinsights.com/ask-question/rep-gb-15125 Leading Companies Profiled inPharmaceutical 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 EquipmentMarket 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. Request Report Methodology @https://www.futuremarketinsights.com/request-report- methodology/rep-gb-15125 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