Pharmaceutical Processing and Packaging Equipment Market, By Product Formulation, By Packaging Equipment, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Pharmaceutical Processing and Packaging Equipment Market size was valued at USD 18,985.1 Million in 2022, expanding at a CAGR of 4.5% from 2023 to 2030
The pharmaceutical packaging and processing market play a crucial role in ensuring the safe and effective delivery of medications to patients. It encompasses a wide range of activities, including the design, manufacturing, and distribution of packaging materials and equipment used in the pharmaceutical industry. Pharmaceutical processing and packaging equipment serve essential roles in various operations, including blending, mixing, granulating, milling, cleaning, sterilizing, filling, counting, and labeling.
Pharmaceutical Processing and Packaging Equipment Market - Market Dynamics:
Increasing demand for innovative and patient-friendly packaging solutions, stringent regulations regarding product safety and integrity, and the need for efficient and automated processing equipment to enhance productivity to propel market demand
The market is driven by factors such as the increasing demand for innovative and patient-friendly packaging solutions, stringent regulations regarding product safety and integrity, and the need for efficient and automated processing equipment to enhance productivity. As the pharmaceutical industry continues to expand, the packaging and processing market is expected to witness substantial growth, driven by the constant pursuit of advanced technologies and compliance with quality standards. The pharmaceutical market experiences substantial growth due to the escalating burden of chronic and infectious diseases, particularly with the rising geriatric population.
The demand for flexible and contract manufacturing also contributes to market expansion. The pharmaceutical processing and packaging market offer growth opportunities as domestic manufacturing capacities in countries like China, India, Malaysia, Indonesia, and UAE expand, alongside increased pharma research and development spending. However, the market growth might be hindered by the demand for refurbished equipment from small-sized companies.The aging population is projected to drive the demand for pharmaceuticals, as the number of individuals aged 60 and above is estimated to reach 2.1 billion by 2050, up from 1 billion in 2020. This demographic shift is anticipated to boost the prevalence of chronic diseases, consequently fueling the demand for pharmaceuticals and driving growth in the pharmaceutical processing and packaging equipment market.
Pharmaceutical Processing and Packaging Equipment Market - Key Insights:
As per the analysis shared by our research analyst, the global Pharmaceutical Processing and Packaging Equipment market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2023-2030)
The Pharmaceutical Processing and Packaging Equipment industry is projected to grow at a significant rate due to increasing demand for innovative and patient-friendly packaging solutions, stringent regulations regarding product safety and integrity, and the need for efficient and automated processing equipment to enhance productivity
Based on Packaging Equipment type segmentation, Secondary Packaging Equipment was predicted to show maximum market share in the year 2022
Based on Product segmentation, Oral Formulations was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
Pharmaceutical Processing and Packaging Equipment Market- Segmentation Analysis:
The Global Pharmaceutical Processing and Packaging Equipment Market is segmented based on Product Formulation, Packaging Equipment, and Region.
The market is divided into three categories based on Product: Oral, Topical and Others. In 2022, the oral formulations segment is projected to dominate the market based on the mode of delivery. Oral formulations are favored due to their ease of administration, as they do not require skilled personnel and are less painful, making them more convenient and cost-effective. This segment comprises oral solid dosages and oral liquid dosages, with the oral solid dosages segment expected to witness the highest growth during the forecast period.
The market is divided into three categories based on Packaging Equipment: Primary Packaging Equipment, Secondary Packaging Equipment, End-of-Line Packaging Equipment. The Secondary Packaging Equipment equipment segment is anticipated to hold the largest share in revenue. Cartons are considered ideal for secondary packaging as they facilitate easy product handling. Cartoning equipment is utilized to pack primary pharmaceutical packages, providing an additional layer of protection during shipment in a cost-effective and efficient manner. Regulatory agencies, like the U.S. FDA, recommend using cartons as secondary packaging to safeguard medicines from moisture, light, and potential contaminants. Moreover, cartons are also employed to carry product inserts or leaflets, as required by regulatory guidelines
Pharmaceutical Processing and Packaging Equipment Market- Competitive Landscape:
Companies in the Processing and Packaging Equipment market are adopting various strategies to gain a competitive edge. These include investing in extensive research and development to ensure the quality o packaging, forming strategic partnerships or collaborations to leverage complementary expertise, and expanding their geographic presence to access new markets.
Recent Developments:
In May 2023, Bormioli Pharma and Desall.com introduced innovative Pharma Packaging Contests
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PHARMACEUTICAL PROCESSING AND PACKAGING EQUIPMENT MARKET KEY PLAYERS
Robert Bosch GmbH
IMA S.p.A.
Korber AG
Coesia S.p.A
Marchesini Group S.p.A
Bausch+Strobel Maschinefabrik Ilshofen GmbH+
Romaco Group
Uhlmann Group
Maquinaria Industries Dara
MULTIVAC Group
Accutek Pharmaceutical Equipment Companies
Vanguard Pharmaceutical Machinery
GLOBAL PHARMACEUTICAL PROCESSING AND PACKAGING EQUIPMENT MARKET, BY PRODUCT FORMULATION
Oral Formulations
Topical Formulation
Other Formulations
GLOBAL PHARMACEUTICAL PROCESSING AND PACKAGING EQUIPMENT MARKET, BY PACKAGING EQUIPMENT
Primary Packaging Equipment
Secondary Packaging Equipment
End-of-Line Packaging Equipment
GLOBAL PHARMACEUTICAL PROCESSING AND PACKAGING EQUIPMENT MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Pharmaceutical Processing and Packaging Equipment Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Pharmaceutical Processing and Packaging Equipment Market Snippet by Product Formulation
2.1.2. Pharmaceutical Processing and Packaging Equipment Market Snippet by Packaging Equipment
2.1.3. Pharmaceutical Processing and Packaging Equipment Market Snippet by Country
2.1.4. Pharmaceutical Processing and Packaging Equipment Market Snippet by Region
2.2. Competitive Insights
3. Pharmaceutical Processing and Packaging Equipment Key Market Trends
3.1. Pharmaceutical Processing and Packaging Equipment Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Pharmaceutical Processing and Packaging Equipment Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Pharmaceutical Processing and Packaging Equipment Market Opportunities
3.4. Pharmaceutical Processing and Packaging Equipment Market Future Trends
4. Pharmaceutical Processing and Packaging Equipment Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Pharmaceutical Processing and Packaging Equipment Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Pharmaceutical Processing and Packaging Equipment Market Landscape
6.1. Pharmaceutical Processing and Packaging Equipment Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Pharmaceutical Processing and Packaging Equipment Market - By Product Formulation