Pharmaceutical packaging equipment Market is anticipated to grow at a CAGR of 7.3% during 2023-2028
The global pharmaceutical packaging equipment market is projected to reach $10.9 billion by 2028, at a CAGR of 7.3% during 2023-2028. The growth of pharmaceutical packaging equipment market is driven by growing predominance of chronic diseases, introduction of novel drugs, increasing demand for API packaging, and growing demand for adaptable and creative packing in pharmaceuticals.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the pharmaceutical packaging equipment market by product (primary packaging equipment, secondary packaging equipment, and labelling and serialization equipment), packaging type (liquid packaging equipment, solid packaging equipment, and semi-solid packaging equipment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the pharmaceutical packaging equipment market?
Q.4 What are some changing demands of customers in the pharmaceutical packaging equipment market?
Q.5 What are the new developments in the pharmaceutical packaging equipment market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this pharmaceutical packaging equipment area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this pharmaceutical packaging equipment market?
Market Segmentation:
Based on product, the pharmaceutical packaging equipment market is segmented into primary packaging equipment, secondary packaging equipment, and labelling and serialization equipment. The primary packaging equipment segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing requirement for the aseptic filling and sealing of drug molecules into sterile containers along with growing demand for parenteral vials and prefillable syringes.
Europe is expected to remain the largest region due to increasing investment in novel drug delivery techniques, significant growth in the pharmaceutical production, and growing demand for flexible packaging equipment by major pharmaceutical manufacturers in the region.
Key Players in the pharmaceutical packaging equipment market are Robert Bosch, Romaco Holding, Marchesini Group, Korber AG, Coesia, MULTIVAC Group, and Uhlmann-Group.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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