PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485853
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485853
Pharmaceutical Case Packer Market size was valued at USD 2,345.34 Million in 2023, expanding at a CAGR of 4.2% from 2024 to 2032.
Industrial manufacturing, machine packaging, and automatic procedures are growingly utilized in the pharmaceutical packaging industry. Pharmaceutical case packers significantly increase productivity by reducing time.
Pharmaceutical Case Packer Market- Market Dynamics
Increasing demand for automatic case packers, and a rising focus on increased productivity are expected to propel market demand
The market for pharmaceutical case packers is anticipated to grow primarily due to two factors, rising demand for folding carton-board packaging across many industries, and manufacturer product advancements. Most industrial manufacturing facilities produce enormous quantities of goods regularly. Few companies still pack products by hand, which reduces output overall and takes employees away from other tasks. By saving time and money, a case packer machine boosts productivity and eventually improves the efficiency of the production process.
Furthermore, by automating the processes of folding, packing, glueing, and taping cardboard boxes, case packing technology improves a business's profitability. Manufacturing sectors primarily use machines to boost output and distribute it to end-use industries. Furthermore, the market for case-packing machines is expected to profit from the increasing number of global food and beverage and pharmaceutical industries as more businesses try to include these machines in their end-of-line packaging processes. The major manufacturers bundle different equipment, parts, and other essential items and focus on offering their clients reasonably priced goods.
Pharmaceutical Case Packer Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.2% over the forecast period (2024-2030)
Based on Machine Type segmentation, the robotic case packer segment was predicted to show maximum market share in the year 2023, owing to the high adoption of robotic machinery in pharma manufacturing industries.
Based on Product Type segmentation, the side load segment was the leading Product Type in 2023, mainly due to the high demand for pharmaceutical case packaging with different product lines.
Based on Application segmentation, the industrial manufacturing segment was the leading application in 2023, mainly due to the high demand for pharma manufacturing with advanced case packaging solutions.
Based on region, North America was the leading revenue generator in 2023, owing to the presence of top pharmaceutical companies across the U.S.
The Global Pharmaceutical Case Packer Market is segmented based on Machine Type, Product Type, Application, and Region.
The market is divided into two categories based on Machine Type: robotic case packer, and automatic case packer. The robotic case packer segment dominates the market. The increasing adoption of robotic machinery in pharma industries is likely to contribute to market growth.
The market is divided into three categories based on Product Type: top load, side load, and wraparound. The side load segment dominates the market and is likely to maintain its dominance during the forecast period. Growing demand from pharmaceutical manufacturing and large production needs are lifting the market growth.
The market is divided into three categories based on Application: industrial manufacturing, pharmaceuticals, and others. The industrial manufacturing segment dominates the market and is likely to maintain its dominance during the forecast period. Increasing demand for pharma case packer machines is anticipated to boost the segment growth.
Pharmaceutical Case Packer Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominates the global pharmaceutical case packer market owing to the presence of top pharmaceutical companies in the U.S. and Canada. These regions are further divided as per the nations bringing business.
The pharmaceutical case packer market is mainly dominated the top-notch market players. These participants focus on creating novel products and technology. In Asian markets, India and China's food and beverage and pharmaceutical markets are expanding due to rising demand as well as the entry of several regional and international case packer firms. Furthermore, the companies are engaging in strategic ties such as mergers, acquisitions, etc. to grow their consumer base and market presence.
In September 2022, Brenton launched a new continuous motion side-load case packer to support the needs of CPQ clients who want to pack between 30 and 50 cases per minute.
In October 2022, the Pavia-based SEA Vision Group, a prominent player in the development of data gathering, and inspection solutions in the pharmaceutical & cosmetics packaging industry was acquired by Marchesini Group.