Market Research Report
Pharmaceutical Processing and Packaging Equipment Market by Mode of Drug Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labeling), and End-Of-Line (Case Packaging, Palletizing, and Depalletizing) - Global Forecast to 2025
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|Published||Content info||503 Pages
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|Pharmaceutical Processing and Packaging Equipment Market by Mode of Drug Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labeling), and End-Of-Line (Case Packaging, Palletizing, and Depalletizing) - Global Forecast to 2025|
|Published: August 13, 2019||Content info: 503 Pages||
Pharmaceutical Processing and Packaging Equipment Market
by Mode of Drug Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labeling), and End-of-Line (Case Packaging, Palletizing,and Depalletizing)- Global Forecast to 2025.
Pharmaceutical processing and packaging equipment market is expected to grow at a CAGR of 3.8% from 2019 to reach $21.5 billion by 2025.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges. The growth in this market will be driven by growing aging population, rapid rise in chronic & infectious diseases, rapid growth of pharmaceutical market, growing technological advancements, growing need to comply with various regulations, and increasing demand for flexible and integrated pharmaceutical packaging equipment. However, demand of refurbished products and huge unused production capacities in the pharmaceutical sector may hinder the growth of pharmaceutical processing & packaging equipment market to some extent.
Pharmaceutical processing & packaging equipment market studied in this report is segmented majorly on the basis of mode of drug delivery (for processing & primary packaging equipment market), secondary packaging equipment, and end-of-line packaging equipment. The report states that pharmaceutical processing & primary packaging equipment market for oral formulations currently accounts for the largest share of the total market because oral drug administration is the most established and preferred route of administration by physicians and patients due to its versatility, ease of administration, and patient compliance.
Cartoning equipment segment is estimated to hold the largest share of the pharmaceutical secondary packaging equipment market in 2019 and is also expected to continue its leading position during the forecast period. This is mainly attributed to higher preferences for cartons as commonly used packaging style owing to their ease in handling, availability of ecofriendly carton materials, and senior friendly and child resistant nature.
An in-depth analysis of geographical scenario of the industry provides detailed qualitative and quantitative insights about the fivemajor geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. North America commanded the largest share of the pharmaceutical processing & packaging equipment market. The largest share of this region is mainly attributed to the large base of pharmaceutical production in the region to cater the huge demand for medicines, stringent need of GMP compliance, rapid growth of ageing population which triggers the chances of chronic and infectious diseases in the region, and growing pharmaceutical industry.
Some of the leading players operating in the global pharmaceutical processing and packaging equipment market are: ACG Worldwide, ANTARES VISION S.p.A., BREVETTI CEA S.P.A, Cadmach Machinery Co. Pvt. Ltd, CAM Packaging IT, Coesia S.p.A, Fette Compacting GmbH, Freund-Vector Corporation, GEA Group AG, Glatt GmbH, LINXIS Group, Harro Hofliger Verpackungsmaschinen GmbH, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Uhlmann Pac-Systeme GmbH & Co. KG, Truking Technology Limited, Tecnomaco Italia SRL, Bausch+Strobel Maschinenfabrik Ilshofen GmbH+Co. KG, IDEX Corporation, JEKSON VISION, Kevin Process Technologies Pvt. Ltd., KIKUSUI SEISAKUSHO LTD., KOrber AG, KORSCH AG, M.A.R. Macchine Automatiche Riempitrici S.p.A., MAQUINARIA INDUSTRIAL DARA, SL, Marchesini Group S.p.A., OPTEL GROUP, OPTIMA Packaging Group GmbH, Robert Bosch GmbH, Romaco Holding GmbH, and Sainty International Group (SaintyCo).