Global Pharmaceutical Packaging Equipment Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Pharmaceutical Packaging Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global pharmaceutical packaging equipment market report has been segmented on the basis of product, type, and region.

Request Covid - 19 Impact


Pharmaceutical Packaging Equipment Market: Introduction

Packaging of pharmaceutical products and the drug delivery systems is an important part in the pharmaceutical industry. These pharmaceutical packaging equipment offers high quality packaging and safety for pharmaceutical products. Pharmaceutical packaging equipment used currently are flexible, automated, modern, and are integrated to encounter various pharmaceutical products requirements. Moreover, pharmaceutical packaging equipment are utilized for packing of liquids, solids, and semi-solids, among other products. These packaging equipment aids in decreasing the time required for packaging of various pharmaceutical products which aids to increase manufacturing and innovations in drug delivery systems and in personalized drugs.

In addition, pharmaceutical packaging equipment involves equipment for serialization and labeling and primary and secondary packaging equipment. Primary packaging equipment includes bottle capping and filling equipment, aseptic sealing and filling equipment, soft-tube sealing and filling machines, blister packaging equipment, strip packaging equipment, counting equipment, sachet packaging equipment, cartridge sealing and filling machines, bulk bottle unscramblers, cap retorquer machines, rigid-tube fillers, stick packaging equipment, and wallet machines.

Pharmaceutical Packaging Equipment Market: Dynamics

Increasing adoption liquids packaging equipment, solid packaging equipment, and semi-solid packaging equipment in the pharmaceutical industry is a factor expected to drive the global pharmaceutical packaging equipment market growth. Rising demand of pharmaceutical packaging equipment from drug delivery sector is among additional factor estimated to fuel the global market growth in terms of revenue.

Growing need for integrated and flexible packaging equipment and rapid growth in the biopharmaceutical and generic industry. In addition, increasing offshore pharmaceutical manufacturing and increasing contract manufacturing of the pharmaceutical products. Moreover, introduction of various regulatory standards on product packaging and stringent rules against counterfeit products. These are additional key factors projected to drive the global market growth.

However, rising preference for the refurbished equipment is a major factor expected to restraint the global market growth.

Pharmaceutical Packaging Equipment Market: Segment Analysis

Among the product segments, the primary packaging equipment segment is expected to register significant revenue share in the global pharmaceutical packaging equipment market, due to ease of shelving and handling of pharmaceuticals packaging and development of various novel forms of the biopharmaceuticals and drug delivery. The revenue of primary packaging equipment segment is projected to register highest CAGR.

Among the type segments, the liquid packaging equipment segment is estimated to register major revenue share in the global pharmaceutical packaging equipment market. The revenue of liquid packaging segment is projected to register highest CAGR.

Pharmaceutical Packaging Equipment Market: Region Analysis

The Asia Pacific market is expected to account for major revenue share in the global pharmaceutical packaging equipment market. This is attributed to implementation of strict regulations to enhance reliability and quality of locally produced drugs, owing availability of low cost raw materials and labor costs in countries in region. The Asia Pacific pharmaceutical packaging equipment market is projected to register fastest revenue growth over the forecast period.

Global Pharmaceutical Packaging Equipment Market Segmentation:

Segmentation by Product:

Primary Packaging Equipment
Secondary Packaging Equipment
Labeling and Serialization Equipment

Segmentation by Type:

Liquids Packaging Equipment
Solid Packaging Equipment
Semi-Solid Packaging Equipment