Report ID: 10060105 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
In 2022, the global medical packaging equipment market is forecasted to be more than ~USD 8 billion, and the compound annual growth rate is expected to be ~9% during the forecast period 2022-2030. During the forecast period, the growing demand for integrated equipment and flexible and innovative packaging is expected to drive market growth. In the pharmaceutical industry, packaging equipment is required for primary and secondary packaging, as well as product labeling and coding. A highly sophisticated packaging machine is required to protect the medicine and prevent it from contamination. In addition, the regulations for serialization and tracking of medicines have further promoted the demand for packaging equipment. In terms of production and consumption, the United States is the largest pharmaceutical market.
In 2018, the United States spent US$485 billion on medicines and is expected to reach more than US$600 billion by 2023; in turn, this is expected to have a positive impact on the pharmaceutical packaging equipment market during the forecast period. Due to the need for immediate packaging of finished products, filling machines are mainly used as part of the production line. Population growth, increased disease awareness, and high potential expenditure on medicines are expected to in turn drive the development of the pharmaceutical industry. , Boost the packaging equipment market. In addition, governments of various countries have made many efforts to provide medicines to ordinary people at affordable prices, which has increased the global demand for packaging equipment. The global packaging equipment market is dominated by multinational companies headquartered in Europe and North America. The growing demand for integrated, highly automated and technologically advanced packaging solutions in developed economies including the United States, Germany, Russia and Italy is expected to have a positive impact on the market during the forecast period. An initiative to produce highly sophisticated and efficient equipment at a competitive price. In addition, there is a continuing need for a complete packaging line that can integrate multiple functions from a single source, and a modular machine that can provide flexibility driven by the widest range of materials and styles.
MACHINE TYPE INFORMATION:
The filling machine division was valued at US$2.68 billion in 2018 and is expected to grow substantially during the forecast period. The filling machine is used to separate the product from the volume produced with predefined values and dispense it into the container with the best accuracy. There are different types of filling machines on the market for making many products, including lotions, creams, tablets, syrups, and powders. For liquids in various containers such as vials, bottles, ampoules, etc., commonly used are vial filling machines, powder filling machines, tube filling machines and syringe filling machines. Packaging machines are expected to become the fastest-growing market segment, with a compound annual growth rate of 8.5% from 2019 to 2025. The emerging e-commerce industry and total output are expected to increase, especially in the industrial economy, the form-fill-seal (FFS) segment is the second largest machine type segment, valued at US$1.51 billion in 2018 and is expected to be in the forecast It will grow substantially during the period. This growth can be attributed to the increasing popularity of flexible packaging in the medical industry and the rapid economic operation of machines.
REGIONAL INFORMATION:
In 2018, the demand for pharmaceutical packaging equipment in Europe was worth 2.35 billion US dollars, of which the rapidly growing pharmaceutical industries in Germany, Italy, the United Kingdom and Russia were the main ones. Most of the packaging equipment manufacturers in the world are located in Europe, especially Germany and Italy, which also account for a large part of the total global machine exports. In terms of revenue, the Asia-Pacific region became the leader of the regional market in 2018. This growth is likely to be driven by the expansion of the pharmaceutical industry in the region, especially in developing economies in the Asia-Pacific region. In addition, various global players have established manufacturing facilities in the region, especially in China and India, to meet the needs of many end industries and obtain cost advantages. 6.0% minority stake. However, the market offers great potential and opportunities in the field of packaging machinery. Due to the end of the economic recession in Brazil and other countries, the region is expected to experience economic recovery, which is expected to contribute to the steady growth of the packaging machinery market during the forecast period. The pharmaceutical packaging equipment market has a compound annual growth rate of 8.7% from 2019 to 2025. This growth is attributable to the growing investment in the US pharmaceutical industry and the growing demand for technologically advanced, flexible and integrated machinery.
PHARMACEUTICAL PACKAGING EQUIPMENT MARKET SHARE INFORMATION:
Major industry players include Robert Bosch GmbH, Romaco Holding, Marchesini Group, Korber AG, I.M.A. Industria Macchine Automatiche S.p.A., Uhlmann Group, Accutek Packaging Equipment Companies, Vanguard Pharmaceuticals Equipment, Bausch + Ströbel and Coesia. These companies are committed to providing a wide range of and customized pharmaceutical packaging machinery. The presence of a large number of manufacturers in the global market has prompted major players to invest in innovative technologies to maintain their market share and gain a competitive advantage. Major players mainly invest in innovative technologies such as robotics, big data, and human machine interface (HMI) to produce high-yield and efficient machines.
MARKET SEGMENTS COVERED BY REPORT:
The report forecasts global, regional, and national revenue growth, and analyzes industry trends in each sub-segment from 2021-2030. For the purpose of this research, Grand View Research has subdivided the global pharmaceutical industry. Packaging equipment market report based on machine type and region: Machine type outlook (revenue, millions of dollars; 2021-2030) Filling Labeling Form Filling and Sealing Cartoning Wrapping Paletizing Cleaning Other.
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Report ID: 10060105 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
