The packaging of pharmaceutical products is considered as an important function in the pharmaceutical industry. Pharmaceutical packaging equipmentprovidesprotection to medicines from contamination. It provides safety and quality packaging for pharmaceutical products. Pharmaceutical packaging equipment help in reducing the time required to pack a pharmaceutical product. This further helps in increasing the production and innovation in drug delivery system.
The global pharmaceutical packaging equipment market is driven by the expanding generics market, the rise of diseases, and need for new and flexible packaging equipment. The rapid growth of pharmaceutical industries along with the innovations of drug delivery techniques is estimated to propel the pharmaceutical packaging equipment market. Moreover, there is a rising emphasis on labeling and serialization to prevent counterfeiting of drugs. The developments and growing technological advancements in the pharmaceutical industry have increased the packaging requirements.
The pharmaceutical packaging equipment market in the report is segmented byproduct types which include liquid packaging, solid packaging, and semi-solid packaging equipment. The liquid packaging equipment type is further sub-segmented as aerosol, syrup, and eye drop. The solid packaging equipment segment is further divided as tablet, capsule, and powder. The semi-solid packaging equipment is further divided into cream and ointment.Based on package types, the pharmaceutical packaging equipment market is analyzed as primary packaging, secondary packaging, labeling and serialization equipment. Moving forward, based on the mode of administration, the market is bifurcated as injectable, topical, and oral administration.The global pharmaceutical packaging equipment market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Additionally, among the different product types of pharmaceutical packaging equipment, the liquid packaging equipment segment is witnessing a huge market growth. The reason forholding the largest share may be attributed to the rising demand for automated packaging solutions, incidence of eye/ear disorders, and combined packaging lines. The solid, and semi-solidpackaging equipment segment is estimated to witness a high growth in the projection period. Based on the different package types, the primary packaging system holds the largest share in the market owing to the rise in technological advancements, and regulatory modification. Among the various primary packaging equipment, aseptic packaging accounts for the largest share in the pharmaceutical packaging equipment market. Furthermore, the oral mode of administration is estimated to have a strong growth in the projection period, owing to its high rate of adoption by patients, and physicians as a convenient route of drug administration.
Moving forward, the largest market share in the pharmaceutical packaging equipment market is held by North-America, followed by Asia-Pacific, and Europe region. The major share is mainly attributed to the rise in government support,presence of major pharmaceutical players, consumption of generic drugs, and growth of chronic diseases, in the North-American region. Moreover, Asia-Pacific region is estimated to have a significant growth in the near future, due to rise in population, growing awareness about healthcare, and rise in pharmaceutical manufacturing facilities.
However, strong competition, high packaging cost, stringent environmental norms, and adoption of renovated machines may pose a threat to the global pharmaceutical packaging equipment market over the projection period.
Thekey players in the global pharmaceutical packaging equipment marketinclude Accutek Packaging Equipment Companies, Robert Bosch GmbH, Korber AG, Marchesini Group S.p.A., Ulhmann Group, Dara Pharmaceutical Packaging, Trustar Pharma & Packaging Equipment, Multivac Group, and OPTIMA Packaging Group GmbH.
Global Pharmaceutical Packaging Equipment Market: By Product Types
Global Pharmaceutical PackagingEquipment Market: By Package Types
Global Pharmaceutical PackagingEquipment Market: By Equipment
Global Pharmaceutical Packaging Equipment Market: By Mode of Administration
Global Pharmaceutical PackagingEquipment Market: By Geography