The Global Pharmaceutical Packaging Equipment Market Continues To Grow Owing To the High Prevalence of Pharmaceutical Companies in the World

Pharmaceutical Packaging Equipment Market

Pharmaceutical Packaging Equipment Market, by Product (Primary Packaging Equipment, Secondary Packaging Equipment, and Labeling and Serialization Equipment), by Type (Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment, and Other Products Packaging Equipment), by End User (Pharmaceutical Manufacturing, Contract Packaging, Retail Pharmacy, Institutional Pharmacy, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026.

Market Overview:

Pharmaceutical packaging is used to protect a drug from exposure to environmental elements. It ensures that the product is safe for use, and its quality remains intact throughout its shelf life. A wide range of materials is used in pharmaceutical packaging, including aluminum, plastic, glass, and rubber. The materials are chosen with careful consideration to ensure that the drugs are protected. Pharmaceutical packaging also reduces the amount of resource usage. For example, the material that is used to make plastic bottles is typically LDPE or HDPE, which is both lightweight and able to withstand harsh environmental conditions. Plastic containers come in a variety of colors, such as amber and clear. They can be collapsible, making them a great choice for storage. Some pharmaceutical containers also have a lid made of aluminum foil, which can be used to seal them.

The Global Pharmaceutical Packaging Equipment Market Is Expected To Witness A CAGR Of 8.2% During The Forecast Period (2018 – 2026), Owing To Increasing Need For Flexible And Integrated Packaging Equipment  

Competitive Landscape:

Major players operating in the global pharmaceutical packaging equipment market include OPTIMA packaging group GmbH, Bausch + Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG, Romaco Pharmatechnik GmbH, Vanguard Pharmaceuticals Machinery, Inc., Accutek Packaging Equipment Companies, Inc., MG2 s.r.l., Korber AG, Marchesini Group S.p.A., Industria Macchine Automatiche S.p.A., and Robert Bosch GmbH.

Key Market Drivers:

Increasing developments by key players in the global Pharmaceutical Packaging Equipment Market are expected to augment the growth of the global pharmaceutical packaging equipment market. For instance, in October 2021, Marchesini Group acquired around 70% shares of Dott. Bonapace, in order to expand its extensive machine park with advanced technologies. Increasingly sophisticated technology is providing more options for pharmaceutical packaging. These include biodegradable and recyclable containers. In addition, a new generation of packaging designs incorporates recyclability into the design. This can reduce the number of resources required for production, and it can also make it easier to clean and recycle used bottles. Moreover, the high prevalence of pharmaceutical companies in the world is estimated to enhance the growth of the global pharmaceutical packaging equipment market. 

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several developments in the global Pharmaceutical Packaging Equipment Market. For instance, in September 2021, Korber AG and inmation Software GmbH partnered, in order to integrate a futuristic data-driven shop floor in the pharmaceutical factory.

Key Takeaways:

·        Europe is expected to dominate the growth of the global pharmaceutical packaging equipment market, owing to the increasing developments done by key players in the region. For instance, in September 2021, Korber AG expanded its production capacities of folding boxes, meant to be used for pharmaceuticals.

·        The Asia Pacific is estimated to witness high growth in the global pharmaceutical packaging equipment market, owing to the high prevalence of pharmaceutical companies in the region. For instance, according to Invest India, there are currently around 3000 pharma companies in India.

 

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