The pharmaceutical packaging equipment market is experiencing impressive growth, rising from $10.96 billion in 2023 to $12.12 billion in 2024, showcasing a compound annual growth rate (CAGR) of 10.6%. This upward trend can be attributed to advancements in automation, the implementation of serialization and track & trace technologies, and the adoption of sustainable packaging practices. By 2028, the market is projected to reach $18.96 billion, with a CAGR of 11.8%. Key drivers include operational efficiency, complex supply chains, and regulatory compliance, while major trends involve automation, advanced serialization, personalized medicine packaging, and a focus on green practices.
Major Driver In The Pharmaceutical Packaging Equipment Market
The burgeoning aging population is poised to elevate the prevalence of age-related ailments, consequently driving growth in the pharmaceutical drugs and pharmaceutical packaging equipment market. The elderly demographic is rapidly expanding globally and is expected to continue growing. For instance, as per the Centers for Disease Control and Prevention (CDC) report, the population aged 65 years and above in the USA is projected to reach approximately 71 million by 2030 and 98 million by 2060. By 2030, China is expected to harbor nearly half of the world's Parkinson’s disease population, attributed to its aging populace. This anticipated rise in the aging population afflicted by age-related ailments is forecasted to propel the pharmaceutical packaging equipment market. Market size data for 2023, 2024, and 2028 provides insights into market trends and growth trajectories.
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Pharmaceutical Packaging Equipment Market Competitive Landscape
Robert Bosch GmbH, Thermo Fisher Scientific Inc., GEA Group AG, Middleby Corporation, Korber AG, Coesia S.P.A., Industria Macchine Automatiche S.p.A., Associated Capsules Group of Companies, CCL Container Corp, Optima Packaging Group GmbH, Marchesini Group S.p.A., Uhlmann Pac-Systeme GmbH & Co, Tekni-Plex, Inc., Harro Hofliger Verpackungsmaschinen GmbH, Romaco Holding GmbH, Bausch + Strobel Maschinenfabrik Ilshofen GmbH + Co KG, IWK Verpackungstechnik GmbH, Phoenix Packaging Inc., N.k.p. Pharma Private Limited, ARPAC LLC, Aero Precision Corp, MG2 s.r.l., Vanguard Pharmaceutical Machinery LLC, Accutek Packaging Equipment Companies, Dara Pharmaceutical Packaging, Rommelag AG, Trustar Pharma & Packing Equipment Co Ltd., Multivac Sepp Haggenmuller GmbH & Co KG, Groninger & Co GmbH, Valois Industries Inc., Blister Packaging Holdings Ltd.
Key Pharmaceutical Packaging Equipment Market Trend
The automatic packaging machine is increasingly utilized in the pharmaceutical packaging equipment market. The machine automatically supplies packing materials and contents, and other parts of the packaging process can be done automatically. For instance, in September 2022, Ranpak, a US-based paper packaging company, launched the automated in-line packing machine Cut'it! EVO worldwide. The machine is designed to increase packaging output, reduce operating costs, and enhance sustainability for customers' operations. It offers benefits such as improved sustainability and reduced shipping volume.
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Pharmaceutical Packaging Equipment Market Segmentation
The pharmaceutical packaging equipment market covered in this report is segmented –
1) By Product: Primary Packaging Equipment, Secondary Packaging Equipment, Labelling And Sterilization Equipment
2) By Packaging Type: Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment
3) By Equipment Type: Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, Allied Machines
4) By Mode of Administration: Injectable Administration, Topical Administration, Oral Administration
By Geography:The regions covered in the pharmaceutical packaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the pharmaceutical packaging equipment market in 2023.
The Pharmaceutical Packaging Equipment Global Market Report 2024 furnishes information about the global pharmaceutical packaging equipment market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
