Wilmington, Delaware, United States, Transparency Market Research, Inc. , Sept. 10, 2024 (GLOBE NEWSWIRE) -- The global pharmaceutical packaging equipment market (医薬品包装装置市場) was projected to attain US$ 5.6 billion in 2023. It is anticipated to garner a 6.2% CAGR from 2024 to 2034, and by 2034, the market is likely to attain US$ 10.8 billion.
The packaging used for pharmaceuticals aids in product identification. It also guards against deterioration, fracture, and leaking of a product's contents. Various packaging materials such as glass, plastics, rubbers, paper/cardboard, and metals are used in pharmaceutical packaging.
Pharmaceutical packaging equipment is available in a variety of machine types, including strip packing machines, blister packing machines, cartoning machines, ampoule filling machines, liquid filling machines, syringe filling machines, automatic labeling/gumming/stickering machines, and pharmaceutical printing machines.
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Key Findings of Market Report
- Pharmaceutical filling machines serve a critical function in the pharmaceutical industry. Once medications have been developed, the next stage is packaging them. Products are shielded from physical harm by it.
- Additionally, pharmaceutical packaging increases the appeal and helps identify the product. It may enhance a patient's adherence to medication.
- The pharmaceutical packaging equipment market is anticipated to rise in the near future due to research and development in packaging for improved outcomes.
- Pharmaceutical firms aim to lower expenses and increase productivity in their production and packaging processes. Due to the rising demand for packaging products, suppliers in the pharmaceutical packaging equipment sector are being forced to make investments in research and development and creative marketing techniques.
Market Trends for Pharmaceutical Packaging Equipment
- The need for safe packaging is growing as a result of an increase in counterfeiting. One of the biggest issues facing the pharmaceutical supply chain is pharmaceutical product counterfeiting.
- It endangers the lives of patients and results in billions of dollars in lost income. As of 2016, the value of all counterfeit pharmaceuticals trafficked globally was EUR 4.03 billion, according to the study "Trade in Counterfeit Pharmaceutical Products".
- To combat counterfeit goods, governments everywhere are enacting strict laws pertaining to pharmaceutical packaging. The use of anti-counterfeiting technology is anticipated to present suppliers with profitable prospects in the pharmaceutical packaging equipment market.
Global Market for Pharmaceutical Packaging Equipment: Regional Outlook
- In 2023, North America held the greatest share. The region's market dynamics are being driven by the existence of numerous and different drug-producing enterprises, as well as the implementation of strict regulations aimed at ensuring the greatest security of pharmaceutical packaging.
- The FDA (Food and Drug Administration) in the United States keeps an eye on manufacturers' adherence to Current Good Manufacturing Practices (CGMP) in order to guarantee the quality of pharmaceutical goods.
Global Pharmaceutical Packaging Equipment Market: Competitive Landscape
Products that enable tamper-evident packaging are being offered by manufacturers of pharmaceutical packaging equipment. Products are protected from tampering before they are delivered to customers via tamper-evident packaging. The following companies are well-known participants in the global pharmaceutical packaging equipment market:
- Korber AG
- Mgt S.r.l.
- IMA S.P.A.
- Robert Bosch GmbH
- MULTIVAC Group
- Bausch+Ströbel SE + Co. KG
- OPTIMA
- Marchesini Group S.p.A.
- Uhlmann Group
- Tecnicam S.r.l.
- Romaco Group
Key developments by the players in this market are:
- Körber AG purchased the majority of Rondo-Pak LLC, a US-based printing and packaging firm, in February 2024. Körber is increasing the range of packaging solutions it offers to the biotech and pharmaceutical sectors.
- At the trade show Compamed 2023 in November 2023, MULTIVAC showcased a range of integrated solutions for the pharmaceutical industry. Among the goods was the R 3 thermoforming packaging machine, a brand-new type that offers a great price/performance ratio along with secure medical product packaging.
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Global Pharmaceutical Packaging Equipment Market Segmentation
By Product Type
- Solid Packaging Equipment
- Tablet Packaging Equipment
- Capsule Packaging Equipment
- Powder Packaging Equipment
- Semi-solid Packaging Equipment
- Ointment Packaging Equipment
- Cream Packaging Equipment
- Liquid Packaging Equipment
- Eye/Ear Drop Packaging Equipment
- Aerosol Packaging Equipment
- Syrup Packaging Equipment
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
- Sachet Packaging Equipment
- Others
- Secondary Packaging Equipment
- Cartoning Equipment
- Case Packaging Equipment
- Wrapping Equipment
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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