TBI9DIM1202-Global Pharmaceutical Packaging Equipment Market Research Report 2019-2023

                                          
The packaging of pharmaceutical products and drug delivery systems is an essential step in the pharmaceutical industry. Pharmaceutical packaging equipment provides safety and quality of packaging for pharmaceutical products. Unlike traditional packaging systems, pharmaceutical packaging equipment used nowadays are modern, flexible, automated and are integrated to meet pharmaceutical products requirements. Pharmaceutical packaging equipment includes primary packaging equipment, secondary packaging equipment, and equipment for labeling and serialization. Pharmaceutical packaging equipment may be used for packing of solids, semi-solids, liquids and others. Pharmaceutical packaging equipment helps in reducing the time for packaging of pharmaceutical products which helps to increase production and innovations in drug delivery systems and personalized drugs.

The global Pharmaceutical Packaging Equipment market was estimated at USD$ 5.25 Billion in 2016, and is anticipated to reach USD$ 7.75 Billion by 2021, expanding at a CAGR of 6.8% between 2017 and 2021. The growth of the market can be attributed to factors such as cost containment in pharma R&D, growth in funding for generics and biopharmaceutical research, and technological advancements in labeling and serializations solutions. The development of production lines for small batch size and research purposes, growing focus of pharmaceutical manufacturers to cut operational costs, and rising emphasis on labeling and serialization for anti-counterfeiting of drugs are the key trends in the market. However, growing preference for refurbished packaging equipment as a viable alternative to new packaging equipment with high costs is expected to restrain the market growth to a certain extent.

The growth of the market can be attributed to factors such as cost containment in pharma R&D, growth in funding for generics and biopharmaceutical research, and technological advancements in labeling and serializations solutions. The development of production lines for small batch size and research purposes, growing focus of pharmaceutical manufacturers to cut operational costs, and rising emphasis on labeling and serialization for anti-counterfeiting of drugs are the key trends in the market. However, growing preference for refurbished packaging equipment as a viable alternative to new packaging equipment with high costs is expected to restrain the market growth to a certain extent.

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Pharmaceutical Packaging Equipment Report by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

The report firstly introduced the Pharmaceutical Packaging Equipment basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.