The global pharmaceutical packaging equipment market size is expected to reach USD 12.05 billion by 2025, expanding at a CAGR of 7.0% over the forecast period. The increasing health care spending, coupled with the launch of new drugs and the rise in the prevalence of chronic diseases globally, is driving the demand for medications across the world. This is projected to propel the growth of the pharmaceutical packaging equipment market over the forecast period. In addition, various governments are making efforts towards providing pharmaceutical drugs to ordinary citizens at affordable rates.
The healthcare sector has been greatly impacted on account of the COVID-19 pandemic. The pandemic has caused sudden panic globally creating a demand for pharmaceutical and biotechnology companies to focus on developing drugs and vaccines against common viral infections. Several industries throughout the world are facing severe challenges due to the pandemic. A major setback for many industries including the healthcare sector was the difficulties in the supply chain of raw materials required for packaging equipment, owing to the global lockdown in 2020.
Pharmaceutical Packaging Equipment Market Report Highlights
• Based on the machine type, the wrapping machine segment is expected to rise at an annual rate of 8.5% over the forecast period, owing to the increasing demand for secondary and tertiary packaging of pharmaceutical products.
• On the other hand, the filling machine segment was valued at USD 2.68 billion in 2018 and is expected to rise significantly over the forecast period. Filling machines are used to separate the commodity from the manufactured bulk based on predetermined values and accurately dispense it into a container.
• In July 2020, Romaco Holding launched Macofar’s MicroRobot 50. The company’s filling machine portfolio is projected to improve as a result of this product launch.
• The Asia Pacific emerged as the leading regional pharmaceutical packaging equipment market and accounted for 37.1% of the overall revenue share in 2018 owing to the presence of high potential geographies including China and India and their expanding pharmaceutical manufacturing.
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Pharmaceutical Packaging Equipment Market Segmentation
Grand View Research has segmented the global pharmaceutical packaging equipment market on the basis of machine type, and region:
Pharmaceutical Packaging Equipment Machine Type Outlook (Revenue, USD Million; 2014 – 2025)
• Filling
• Labelling
• Form Fill & Seal
• Cartoning
• Wrapping
• Palletizing
• Cleaning
• Others
Pharmaceutical Packaging Equipment Regional Outlook (Revenue, USD Million; 2014 – 2025)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Spain
• Italy
• Russia
• Asia Pacific
• China
• India
• South Korea
• Australia
• Central and South America
• Brazil
• Argentina
• Middle East & Africa
• Iran
• Qatar
List of Key Players of harmaceutical Packaging Equipment Market
• Robert Bosch
• Romaco Holding
• Marchesini Group
• Korber AG
• I.M.A. Industria Macchine Automatiche S.p.A.
• Uhlmann Group
• Accutek Packaging Equipment Companies
• Bausch + Ströbel
• Coesia
• Vanguard Pharmaceuticals Equipment
• MULTIVAC Group
• OPTIMA Packaging Group
• ACG Worldwide
• BREVETTI CEA S.P.A
• GEA Group Aktiengesellschaft
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