Global Pharmaceutical Packaging Equipment Market Trends And Strategies Of Major Players In The Pharmaceutical Packaging Equipment Market 2021-2030
13 Aug, 2021
The pharmaceutical packaging equipment market consists of sales of pharmaceutical packaging equipment by entities (organizations, sole traders, and partnerships) that are used for packaging of all pharmaceutical products, using flexible and heat sealable material to form packages that are filled with a product and then sealed. Pharmaceutical packaging, also known as drug packaging, is defined as the packages and packaging processes used for pharmaceutical products.
Global Pharmaceutical Packaging Equipment Market Size And Drivers:
The global pharmaceutical packaging market is expected to grow from $7.80 billion in 2020 to $8.81 billion in 2021 at a compound annual growth rate (CAGR) of 13%. The growth in the pharmaceutical packaging equipment market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.23 billion in 2025 at a CAGR of 10.7%. An increase in aging population is expected to increase the prevalence of age-related ailments, thus contributing to the growth of the pharmaceutical drugs and pharmaceutical packaging equipment market.
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Trends In The Global Pharmaceutical Packaging Equipment Market
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 July 2020, OPTIMA Packaging Group, a Germany based company that designs and builds packaging equipment for pharmaceutical, consumer, nonwovens and life science products launched OPTIMA FPA. It is a unique platform that can assemble pen injectors both fully or semi-automatically. It is especially suitable as an entry-level system. Another new feature of the Optima FPA is the choice of adding a printer connected with 360-degree labeling. This product launch has increased the company’s automated packaging solutions portfolio.
Global Pharmaceutical Packaging Equipment Market Segments:
The global pharmaceutical packaging equipment market is further segmented based on product, packaging type, equipment type, mode of administration and geography.
By Product: Primary Packaging Equipment, Secondary Packaging Equipment, Labeling And Sterilization Equipment
By Packaging Type: Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment
By Equipment Type: Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, Allied Machines
By Mode of Administration: Injectable Administration, Topical Administration, Oral Administration
By Geography: The global pharmaceutical packaging equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the pharmaceutical packaging equipment market in 2020.
Read More On The Report For The Global Pharmaceutical Packaging Equipment Market At:https://www.thebusinessresearchcompany.com/report/pharmaceutical-packaging-equipment-global-market-report
Pharmaceutical Packaging Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides pharmaceutical packaging equipment market overviews, analyzes and forecasts market size and growth for the global pharmaceutical packaging equipment market, pharmaceutical packaging equipment market share, pharmaceutical packaging equipment market players, pharmaceutical packaging equipment market segments and geographies, pharmaceutical packaging equipment market’s leading competitors’ revenues, profiles and market shares. The pharmaceutical packaging equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.