Global Pharmaceutical Packaging Equipment Market, By Product (Primary Packaging Equipment, Secondary Packaging Equipment, and Labelling and Serialization Equipment), Packaging Type (Liquids Packaging Equipment, Solid Packaging Equipment, and Semi-Solid Packaging Equipment), Equipment Type (Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, and Allied Machines), Mode of Administration (Injectable Administration, Topical Administration, and Oral Administration) – Industry Trends and Forecast to 2031.
Pharmaceutical Packaging Equipment Market Analysis and Size
The global pharmaceutical packaging equipment market is witnessing robust growth, driven by several key factors. The increasing demand for pharmaceutical products, coupled with stringent regulatory requirements regarding packaging and labeling, is a major driver of market growth. The rise in chronic diseases, aging populations, and the need for innovative drug delivery systems are also fueling the demand for advanced pharmaceutical packaging equipment. Technological advancements in packaging equipment, such as the integration of automation and robotics, are enhancing efficiency and reducing the risk of errors in the packaging process. This is particularly important in ensuring the accuracy of dosages and the integrity of packaging, which are critical for pharmaceutical products.
The global pharmaceutical packaging equipment market size was valued at USD 9.92 billion in 2023 and is projected to reach USD 18.40 billion by 2031, with a CAGR of 8.03% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2022
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Primary Packaging Equipment, Secondary Packaging Equipment, and Labelling and Serialization Equipment), Packaging Type (Liquids Packaging Equipment, Solid Packaging Equipment, and Semi-Solid Packaging Equipment), Equipment Type (Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, and Allied Machines), Mode of Administration (Injectable Administration, Topical Administration, and Oral Administration)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and Rest of Middle East and Africa
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Market Players Covered
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Robert Bosch GmbH (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy), Körber AG (Germany), Coesia S.p.A (Italy), Syntegon Technology GmbH (Germany), Otto Bihler Maschinenfabrik GmbH & Co. KG (Germany), Romaco Group (Germany), Uhlmann Group (Germany), Maquinaria Industries Dara, SL (Spain), MULTIVAC (Germany), Accutek packaging Companies (U.S.), Vanguard Pharmaceutical Machinery, Inc. (U.S.), OPTIMA (Germany), ACG (India), Trustar Pharma Pack Equipment, Co. Ltd. (China), MG2 s.r.l. (Italy), Busch Machinery Inc, (U.S.), Inline Filling Systems (U.S.), Duke Technologies, LLC. (India), ARPAC LLC (U.S.), ACIC Pharmaceuticals Inc. (Canada), AST, Inc. (U.S.), Truking Technology Limited (China), and NJM Packaging (U.S.)
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Market Opportunities
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Market Definition
Pharmaceutical packaging equipment refers to a wide range of machinery used in the pharmaceutical industry to package pharmaceutical products safely, securely, and efficiently. This equipment is designed to meet the stringent requirements of the pharmaceutical sector, ensuring the protection of products from contamination, tampering, and degradation while maintaining their quality and integrity throughout the packaging process.
Pharmaceutical Packaging Equipment Market Dynamics
Drivers
- Increasing Pharmaceutical Production
Global pharmaceutical equipment sales are on the rise, fueled by factors such as an aging population, increasing prevalence of chronic diseases, and expanding access to healthcare in developing regions. This surge in demand is placing significant pressure on pharmaceutical manufacturers to ramp up their production capabilitiesIn response to growing production demands, pharmaceutical companies are making investments in advanced packaging equipment. These machines not only enhance production efficiency but also ensure the quality and integrity of the packaged products. With automation and technological advancements, modern packaging equipment can handle large volumes of pharmaceuticals while maintaining stringent quality standards.
- Stringent Regulatory Requirements
Pharmaceutical packaging is subject to strict regulations and standards to ensure the safety, efficacy, and integrity of the products. Regulatory bodies worldwide impose stringent requirements regarding packaging materials, labeling, and traceability. These regulations are aimed at preventing contamination, ensuring proper dosage, and providing accurate product information to consumers. To comply with these requirements, pharmaceutical companies are increasingly turning to advanced packaging equipment. These machines offer features such as precise dosing, tamper-evident packaging, and serialization capabilities, ensuring compliance with regulatory standards while maintaining operational efficiency.
Opportunities
- Biopharmaceuticals and Specialty Drugs
Biopharmaceuticals, including vaccines, gene therapies, and monoclonal antibodies, require specialized packaging solutions due to their unique properties and sensitivities. These drugs often have specific storage and transportation requirements, such as temperature control, light protection, and stability considerations, which necessitate specialized packaging equipment. Similarly, specialty drugs, which are used to treat complex and chronic conditions, require packaging that ensures dosing accuracy, patient adherence, and product integrity. This growing trend towards biopharmaceuticals and specialty drugs is creating opportunities for packaging equipment manufacturers.
- Focus on Patient Safety and Convenience
The pharmaceutical industry is increasingly focused on developing patient-centric packaging solutions that prioritize safety, convenience, and usability. This is especially crucial for populations such as the elderly or individuals with disabilities, who may find traditional packaging challenging to manage. Patient-centric packaging includes features such as easy-to-open packaging, clear instructions, and dosing aids to improve medication adherence and reduce the risk of medication errors. In addition, packaging innovations such as blister packs, unit-dose packaging, and smart packaging with electronic monitoring are being developed to enhance patient safety and convenience. This emphasis on patient-centric packaging presents significant opportunities for innovation and market growth.
Restraints/Challenges
- High Initial Investment
The pharmaceutical industry is known for its high entry barriers, particularly in terms of initial investment. For small and medium-sized pharmaceutical companies, the cost associated with purchasing and implementing advanced packaging equipment can be prohibitive. These companies often operate on tighter budgets compared to larger pharmaceutical firms, making it challenging to justify the upfront expense of investing in new packaging technologies. In addition, small and medium-sized companies may lack the financial resources and infrastructure needed to support the integration of advanced packaging equipment into their existing operations, which can limit market growth.
- Lack of Skilled Workforce
The operation and maintenance of advanced packaging equipment in the pharmaceutical industry require a skilled and knowledgeable workforce. However, there is a shortage of skilled personnel with the necessary expertise in operating and maintaining these technologies. The shortage of skilled workforce can impede the uptake of advanced packaging equipment, as companies may face difficulties in locating qualified personnel to operate pharmaceutical packaging machines effectively. In addition, training new employees to operate these complex machines can be time-consuming and expensive.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In December 2023, MULTIVAC Group launched its newest production facility in India. This state-of-the-art Sales and Production complex, representing an investment of around USD 9 million, covers an area of 10,000 square meters and is scheduled to start operations in early 2024. Initially, the facility will hire approximately 60 employees and aims to improve customer service in India, Sri Lanka, and Bangladesh by strategically positioning itself in the region and reducing delivery times
- In May 2023, MULTIVAC Group introduced the Pouch Loader, a semi-automatic solution designed for chamber belt machines. This innovation significantly enhances the performance, hygiene, efficiency, and ergonomics of filling film pouches and loading them into the packaging machine
Pharmaceutical Packaging Equipment Market Scope
The market is segmented on the basis of products, packaging type, equipment type, and mode of administration. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Primary Packaging Equipment
- Secondary Packaging Equipment
- Labelling and Serialization Equipment
Packaging Type
- Liquids Packaging Equipment
- Solid Packaging Equipment
- Semi-Solid Packaging Equipment
Equipment Type
- Blenders
- Granulators
- Tablet Pressers
- Tablet Coating Machine
- Allied Machines
Mode of Administration
- Injectable Administration
- Topical Administration
- Oral Administration
Global Pharmaceutical Packaging Equipment Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, products, packaging type, equipment type, and mode of administration as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and rest of Middle East and Africa.
Asia-Pacific is expected to dominate the market due to the rising demand for pharmaceutical packaging equipment in the region. The Asia-Pacific region's leadership in the pharmaceutical packaging equipment market is underpinned by several factors, including stringent government regulations and policies aimed at combating counterfeit products.
Europe is expected to be the fastest growing region due to the region's robust production of pharmaceutical products. The European pharmaceutical sector is renowned for its advanced manufacturing capabilities and stringent quality standards, making it a key contributor to the region's economic growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pharmaceutical Packaging Equipment Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- Robert Bosch GmbH (Germany)
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy)
- Körber AG (Germany)
- Coesia S.p.A (Italy)
- Syntegon Technology GmbH (Germany)
- Otto Bihler Maschinenfabrik GmbH & Co. KG (Germany)
- Romaco Group (Germany)
- Uhlmann Group (Germany)
- Maquinaria Industries Dara, SL (Spain)
- MULTIVAC (Germany)
- Accutek packaging Companies (U.S.)
- Vanguard Pharmaceutical Machinery, Inc. (U.S.)
- OPTIMA (Germany)
- ACG (India)
- Trustar Pharma Pack Equipment, Co. Ltd. (China)
- MG2 s.r.l. (Italy)
- Busch Machinery Inc, (U.S.)
- Inline Filling Systems (U.S.)
- Duke Technologies, LLC. (India)
- ARPAC LLC (U.S.)
- ACIC Pharmaceuticals Inc. (Canada)
- AST, Inc. (U.S.)
- Truking Technology Limited (China)
- NJM Packaging (U.S.)
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