PUBLISHER: Grand View Research | PRODUCT CODE: 1611700
PUBLISHER: Grand View Research | PRODUCT CODE: 1611700
The global pharmaceutical packaging equipment market size is anticipated to reach USD 10,047.4 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.6% from 2025 to 2030. The rapid growth in the pharmaceutical industry and the growing demand for drug delivery devices are expected to propel the demand for market in the coming years.
According to the European Federation of Pharmaceutical Industries & Associations, the global pharmaceutical market was valued at USD 1.47 trillion in 2020 and is expected to reach USD 2.23 trillion by 2028, propelling at a significant growth rate. The burgeoning growth of the pharmaceutical industry has become a pivotal driver for the escalating demand in the market. As the pharmaceutical sector expands globally, propelled by increasing healthcare needs, rising chronic diseases, and advancements in medical research, there is a parallel surge in the demand for efficient and sophisticated packaging solutions.
Furthermore, pharmaceutical packaging equipment plays a crucial role in ensuring the safety, integrity, and compliance of pharmaceutical products, meeting the stringent regulations imposed by health authorities. The need for innovative packaging solutions, including blister packaging, bottle filling, and labeling machinery, is intensifying to cater to diverse pharmaceutical formulations. This symbiotic relationship between the pharmaceutical and packaging industries underscores the significance of packaging equipment in safeguarding the efficacy of medicines while facilitating the seamless distribution and delivery of healthcare products worldwide.
The increasing demand for drug delivery devices and blister packaging in developing nations is poised to emerge as a significant driver for the pharmaceutical industry. Advanced drug delivery systems offer notable advantages over traditional methods, including enhanced efficiency, convenient administration routes, improved targeting, reduced toxic metabolites, prolonged drug activity, and reduced margin for error. These advantages and continuous advancements in targeted drug delivery facilitate localized disease treatment with minimal impact on surrounding healthy cells. As a result, these factors are anticipated to contribute significantly to the growth of the global drug delivery devices market, consequently boosting the pharmaceutical packaging market in the foreseeable future.