Pharmaceutical Packaging Equipment Market, By Product Type (Solids (Tablets, Capsules, and Powders), Semi Solids (Creams and Ointments), and Liquids (Eye Drops / Ear Drops, Aerosols, and Syrups)), By Package Type (Primary Packaging Equipment (Aseptic Filling and Sealing Equipment, Bottle Filling and Capping Equipment, Blister Packaging Equipment, Soft Tube Filling and Sealing Equipment, and Sachet Packaging Equipment) and Secondary Packaging Equipment (Cartoning Equipment, Case Packaging Equipment, and Wrapping Equipment)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

Pharmaceutical Packaging Equipment Market accounted for US$ 8.90 billion in 2020 and is estimated to be US$ 18.30 billion by 2030 and is anticipated to register a CAGR of 7.50%.

Pharmaceutical packaging equipment are primarily used in the packaging of various drugs or formulations in order to prevent them from moisture, oxygen, and heat. These packaging equipment are modern, automated, and flexible. Pharmaceutical packaging equipment ensures consistent packaging and help to reduce time require for the packaging of pharmaceutical products. Pharmaceutical packaging equipment delivers safe and reliable drug.

Increasing the demand for Pharmaceutical packaging equipment

Increasing demand for flexible and integrated packaging equipment across the globe is major factor driving growth of the global pharmaceutical packaging equipment market. In addition, high growth in generic and biopharmaceutical markets is major factor expected to propel growth of the target market in the near future. According to the data published by India Brand Equity Foundation in December 2018, pharmaceutical sector is growing with an annual rate of approximately 30% and supplies 40 % of generic medicines in the U.S. Furthermore, growing demand for eco-friendly and reusable packaging are pushing pharmaceutical companies to invest in newer a packaging solution which is other factor fueling growth of the target market. Moreover, rising offshore pharmaceutical manufacturing, coupled with growing selling of OTC (Over the Counter Drug) are factors expected to support growth of the target market over the forecast period.

However, increasing preference for the refurbished equipment is a key factor hindering growth of the global pharmaceutical packaging equipment market. Increasing investment in the research and development activities by the market players operating in the target market in order to introduce novel technologies are expected to create lucrative opportunities in the global market. Increasing numbers of mergers and acquisitions, coupled with the new product launches are key trends witnessed in the global market.

Pharmaceutical packaging equipment market on the basis of product type, package type, and region.

 On the basis of product type, the pharmaceutical packaging equipment market is segmented into solids, semi-solids, and liquids. Further, solids sub-segment can be bifurcated into tablets, capsules, and powders. Semi-solids sub-segment can be segmented as creams and ointments. Further, liquids sub-segment can be bifurcated into eye drops / ear drops, aerosols, and syrups. On the basis of package type, the target market has been categorized into primary packaging equipment and secondary packaging equipment. Further, primary packaging equipment sub-segment can be bifurcated into aseptic filling and sealing equipment, bottle filling and capping equipment, blister packaging equipment, soft tube filling and sealing equipment, and sachet packaging equipment. Secondary packaging equipment sub-segment can be bifurcated into cartooning equipment, case packaging equipment, and wrapping equipment.

Regional Insights:

The global Pharmaceutical Packaging Equipment Market accounted for US$ 8.90 billion in 2020 and is estimated to be US$ 18.30 billion by 2030 and is anticipated to register a CAGR of 7.50%. The global pharmaceutical packaging equipment market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. North America is expected to account for the major revenue share in the global pharmaceutical packaging equipment market. This is attributed to increasing expansion in the generic market as well as growing need for flexible and integrated packaging equipment in the countries of the region. Europe pharmaceutical packaging equipment market accounted for second-highest market share in year 2020. Asia Pacific is expected to account for major revenue share in the global pharmaceutical packaging equipment market, followed by markets in other region. This can be attributed to growing generics manufacturing, coupled with a rising contract packaging in countries of the region such as India and China. Europe pharmaceutical packaging equipment market accounted for third-highest market share, in 2020.

Pharmaceutical Packaging Equipment Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Pharmaceutical Packaging Equipment Market report based on product, packaging, and region.

Pharmaceutical Packaging Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

Key players operating in the pharmaceutical packaging equipment market includes Accutek Packaging Equipment Companies, Inc, ACG Worldwide, Bausch Strbel Maschinenfabrik Ilshofen GmbH Co Kg, Coesia SPA, IMA SPA, Krber AG, Marchesini Group SPA, MG SRL, Mutivac Group, Optima Packaging Group GmbH, Robert Bosch GmbH, Romaco Holding GmbH, Uhlmann Group.

• Accutek Packaging Equipment Companies, Inc.
• ACG Worldwide
• Bausch Strbel Maschinenfabrik Ilshofen GmbH Co Kg
• Coesia SPA
• IMA SPA
• Krber AG
• Marchesini Group SPA
• MG SRL
• Mutivac Group
• Optima Packaging Group GmbH
• Robert Bosch GmbH
• Romaco Holding GmbH
• Uhlmann Group