PUBLISHER: Meticulous Research | PRODUCT CODE: 1535298
PUBLISHER: Meticulous Research | PRODUCT CODE: 1535298
Pharmaceutical Processing and Packaging Equipment Market Size, Share, Forecast, & Trends Analysis by Formulation (Oral, Parenteral) Secondary Packaging (Cartoning, Labelling) End-of-line Packaging (Palletizing, Case Packaging)-Global Forecast to 2031
The global pharmaceutical processing and packaging equipment market is projected to reach $30.8 billion by 2031 at a CAGR of 5.3% from 2024 to 2031.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report comprises the analysis of key industry drivers, restraints, challenges, and opportunities.
The pharmaceutical processing and packaging equipment market is anticipated to grow due to several factors: the escalating prevalence of chronic and infectious diseases, the rising demand for generic and biopharmaceutical products, and an increasing geriatric population. Pharmaceutical companies are also facing more stringent regulations and a need for more adaptable manufacturing solutions, coupled with a trend toward outsourcing manufacturing operations. However, the market's expansion may be constrained by the increasing adoption of refurbished equipment.
Additionally, the expansion of domestic pharmaceutical manufacturing capacities, growing pharmaceutical R&D expenditures, and the rising adoption of personalized medicines & self-medication are expected to create market growth opportunities. However, the changing industry needs due to the constantly evolving pharmaceutical space challenge impeding the market's growth.
This report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over four years (2021-2024). The key players operating in the global pharmaceutical processing and packaging equipment market are ACIC Pharmaceuticals, Inc. (Canada), Bausch+Strobel (Germany), IDEX Corporation (U.S.), JECKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Korber AG (Germany), KORSCH AG (Germany), Mettler-Toldeo International, Inc. (U.S.), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), Optel Group (Canada), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), Wenzhou Trustar Machinery Technology Co., Ltd (China), SaintyCo (China), ACG (India), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A. (Italy), Cadmach Machinery Co. Pvt. Ltd (India), CAM Packaging IT (Italy), Coesia S.p.A. (Italy), Fette Compacting (Germany), Freund Corporation (Japan), GEA Group (Germany), Glatt GmbH (Germany), LINXIS GROUP (France), Harro Hofliger Verpackungsmaschinen GmbH (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy), Uhlmann Group Holding Gmbh & Co. KG (Germany), Truking Technology Limited (China), and Tecnomaco Italia SRL (Italy).
Among the types studied in this report, the packaging equipment segment is expected to register the highest CAGR of over 5.6% during the forecast period. This segment's growth is driven by the increasing demand for advanced primary packaging solutions that preserve the efficacy and stability of formulations. Additionally, there is a rising preference for packaging topical pharmaceutical products in stick packs and flat sachets for ease of transport. Ensuring dosing accuracy and enhancing consumer compliance are also contributing factors to this growth.
An in-depth analysis of the pharmaceutical processing and packaging equipment market's geographical scenario provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). It covers the major countries in each region.
In 2024, North America is expected to account for the largest share of over 35.9% of the pharmaceutical processing and packaging equipment market. Furthermore, the U.S. is projected to hold the largest share of the North American pharmaceutical processing and packaging equipment market. Increased healthcare spending on drugs and investment initiatives by various public organizations to propel domestic manufacturing R&D on drugs in the country drive the growth of this market in the U.S.
Pharmaceutical Processing and Packaging Equipment Market Assessment-by Type
Note: Other processing equipment includes inspection machines, dust extractors, and polishing machines.
Note: The other equipment used in the pharmaceutical processing of liquid oral dosages include transfer pumps and interconnect pipelines.
Note: Other processing equipment used in parenteral formulations include debagging machines, nest unpackers, tray unpackers, tray-loading systems, buffering systems, and barrier systems.
Note: Blenders, milling equipment, and sifters are other processing equipment used in the manufacturing of topical formulations.
Note: Other formulations include trans-mucosal and inhalation drugs. The trans-mucosal drug administration route includes nasal, vaginal, urethral, buccal, and others.
Note: Other packaging equipment for trans-mucosal and inhalation drugs includes bottle filling and sealing equipment, blister packaging equipment, and suppository packaging equipment.
Note: The other pharmaceutical secondary packaging equipment market segment includes checkweighers, pneumatic robotic pick-and-place systems, and packaging conveyor lines.
Note: The other end-of-line packaging equipment segment includes cleaning equipment, stretch wrappers, shrink wrappers, and stretch banding machines.
Pharmaceutical Processing and Packaging Equipment Market Assessment-by Geography
(Note: SWOT analyses of the top 5 companies will be provided.)