According to a new
market report published by Transparency Market Research titled
“Pharmaceutical Packaging Equipment Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”,
the market was valued at US$5.1 bn in 2014 and is expected to reach
US$8.1 bn by 2021, at a CAGR of 6.8% through the forecast period.The
global market for pharmaceutical packaging equipment has been covered
under the scope of this report. Packaging ensures protection of
pharmaceutical products against contamination and other external
factors. Pharmaceutical packaging equipment provides safety of
packaged products during storage and transportation. Due to rapid
improvement of packaging techniques, there has been immense
development of flexible, reliable and integrated pharmaceutical
packaging machineries.
The major factors
fuelling the growth of Global
Pharmaceutical
Packaging
Equipment
Market
are expansion of pharmaceutical industry and demand for flexible and
automated packaging equipment worldwide. Moreover, strict packaging
regulations imposed by National Quality Forum, Food and Drug
Administration and other regulatory authorities, have further raised
the demand for automated and innovative packaging equipment. The
market is anticipated to develop significantly in the future, owing
to increasing investment for equipment manufacturing facilities in
different parts of Asia Pacific. However, utilization of refurbished
packaging equipment by small scale companies, primarily in developing
countries such as India, Japan and Brazil, is expected to hinder the
market for pharmaceutical packaging equipment during the forecast
period from 2015 to 2021.
The global
pharmaceutical packaging equipment market, by product types is
divided broadly into three major segments, which include solids
packaging equipment, semi-solids packaging equipment and liquids
packaging equipment. Liquids packaging equipment held the largest
share of global pharmaceutical packaging equipment market in 2014.
The major reason is attributed to increasing usage of liquid dosages
by end users and demand for effective filling of liquid products with
high precision and accuracy. The market for liquid packaging
equipment is further segmented into eye or ear drop packaging
equipment, aerosol packaging equipment and syrup packaging equipment.
Furthermore, the market for solids packaging equipment is classified
into tablet packaging equipment, capsule packaging equipment and
powder packaging equipment. The market for semi-solids packaging
equipment is broadly segmented into ointment packaging equipment and
cream packaging equipment.
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The global
pharmaceutical packaging equipment market by package type is
bifurcated into two segments: primary packaging equipment and
secondary packaging equipment. Primary packaging equipment
contributed to the largest market share in 2014, owing to demand for
unit dosage forms. Moreover, primary packaging provides easy shelving
and handling of pharmaceutical products. The market for primary
packaging equipment is further divided into aseptic filling and
sealing equipment, bottle filling and capping equipment, blister
packaging equipment, soft tube filling and sealing equipment, sachet
packaging equipment, and others. Furthermore, the market for
secondary packaging equipment is classified into cartoning equipment,
case packaging equipment, wrapping equipment and others.
The global
pharmaceutical packaging equipment market has been segmented broadly
into four regions: North America, Europe, Asia Pacific and RoW (Rest
of the World). In terms of revenue, North America acquired the
largest share of the market in 2014 accounting for 32.2% of the
market share. Increasing investments for novel medicaments along with
huge development of pharmaceutical industry can be attributed to
potential utilization of pharmaceutical packaging equipment in this
region.
Some of the
leading players in the pharmaceutical packaging equipment
market are Korber A.G., Mg2 S.R.L., IMA S.P.A., Robert Bosch GmbH,
Multivac Group, Bausch and Strobel Maschinenfabrik Ilshofen GmbHCo.
Kg, Optima Packaging Group GmbH, Marchesini Group Spa, Uhlmann Group
and Romaco Pharmatechnik GmbH.
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