Pharmaceutical Packaging Equipment Market by Product [Primary packaging equipment (Aseptic Filling & Sealing Equipment, Bottle Filling and Capping Equipment, Blister Packaging Equipment, Soft-tube Filling & Sealing Machines, Sachet Packaging Equipment, Strip Packaging Equipment, and Counting Equipment), Secondary packaging equipment (Cartoning Equipment, Case Packing Equipment, Wrapping Equipment, Tray Packing Equipment, and Palletizing Equipment), and Labeling and sterilization equipment], and Type (Liquids Packaging Equipment, Solid Packaging Equipment, and Semi-Solid Packaging Equipment): Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 8.77 billion mark in 2022 and is expected to hit US$ 15.53 billion by 2030, recording a CAGR of 7.4% during the forecast period.

High demand of Generics & biopharmaceuticals products favours the growth of primary packaging equipment segment.

The introduction of novel drugs and the rising prevalence of chronic diseases are some of the major drivers for the pharmaceutical packaging equipment market growth. In addition, price competitiveness and equal efficiency of generic drugs as compared to branded drugs, increases demand for generic drugs. The growth in demand is anticipated to raise the requirement of packaging equipment for generic drugs. Due to growth in the sales of generic & biopharmaceutical counterparts, the production volume also increases which is anticipated to fuel the market for generic drug manufacturing, in several countries with low-cost manufacturing facilities. The primary packaging equipment segment is expected to grow due to the increasing requirement for the aseptic filling & the sealing of drug molecules into sterile containers as primary packaging restrict climatic, chemical, or biological hazards that cause product deterioration, and rise in the demand for parenteral vials and prefillable syringes is also expected to fuel the segment growth during the forecasted year.

Within the report, the market is segmented into product, type, and geography. By product, the market is divided into primary packaging equipment, secondary packaging equipment, and labeling and sterilization equipment. The primary packaging equipment is further sub-segmented into aseptic filling & sealing equipment, bottle filling and capping equipment, blister packaging equipment, soft-tube filling & sealing machines, and sachet packaging equipment, and strip packaging and counting equipment. In addition, the secondary packaging equipment is sub segmented into cartoning equipment, case packing equipment, wrapping equipment, tray packing equipment, and palletizing equipment. Bsed on type, the market is categorized into liquids packaging equipment, solid packaging equipment, and semi-solid packaging equipment. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing pharmaceutical sector in Asia Pacific region empowers the futuristic growth of the market.

Pharmaceutical packaging equipment offer high-quality, long-lasting, and safe packaging for pharmaceutical products, such as medicines and injections. Pharmaceutical packaging equipment is widely utilized nowadays as it is fully automated, fast, modern, and flexible. It can also be designed to meet the needs of specialized pharmaceutical products. Pharmaceutical packaging is an important aspect when it comes to dosage form design. The equipment is commonly used for primary and secondary packaging, labelling, and coding of pharmaceutical drugs. Pharmaceutical packaging machinery ensures a long shelf life of drugs and helps to provide durability, flexibility, and safety for medicines. Moreover, Asia Pacific growth is likely to be fueled by the expansion of the pharmaceutical sector in the region. The expertise of countries such as China, Japan, and India in adopting new packaging technology to scale up the business operations and deliver cutting edge technology solutions and service provider ecosystem in pharmaceutical packaging, creating favorable environment for initiation of pharmaceutical packaging equipment players in the future. Several global players have set up their regional manufacturing facilities to cater to the demand from numerous end-use industries.

Get more information on this report : Request Free Sample PDF

North America is projected to be the fastest-growing region

Technologically advanced research platforms, growing investments in the pharmaceutical sector by the US, increasing demand for technologically advanced, flexible, and integrated machinery, and presence of key pharmaceutical market players in North America region are some of the factors that propel the market growth.

Recent strategic developments in the pharmaceutical packaging equipment market

The pharmaceutical packaging equipment market has undergone several significant developments, and a few of these have been mentioned below:

• In June 2020, Syntegon reached ultra-high speed with innovative glass packaging. The new packaging option by Corning, Valor Glass, is chemically strengthened and has a low coefficient of friction outer coating which proved to improve manufacturing throughput.
• In September 2020, Romaco developed the first mobile processing machine for pilot- scale applications. The ventilus pilot represents an all-in-one solution both for laboratories and manufacturers of small batch size.
• In January 2021, Syntegon introduced new Sigpack TTMD cartoner. It incorporates core technologies of the TTM platform with one or more seamlessly integrated Delta robot cells. The machine has a maximum output rate of 150 cartons per minute and its core includes a TTM1 or TTM2 topload cartoner for forming and closing.
• In June 2021, Syntegon Technology sets new standards in lab-scale capsule filling under the motto "GKF 60 – takes your molecule to production" with new GKF 60. GKF 60 offers high flexibility and has low space requirements. The machine is extremely compact with only six stations and requires significantly fewer format parts.

Several players drive the pharmaceutical packaging equipment market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Syntegon Technology GmbH, I.M.A. Industria Macchine Automatiche S.P.A., Romaco Group, Bausch+Ströbel SE + Co. KG, MG2 s.r.l., OPTIMA packaging group GmbH, and MULTIVAC are among the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• Biopharmaceutical companies
• Pharmaceutical drug manufacturers
• Pharmaceutical and biotechnology companies
• Suppliers and distributors of pharmaceutical packaging equipment
• Pharmaceutical packaging equipment manufacturers

Scope of the report:

In this report, the market has been segmented on the basis of:

• Product:
  • Primary Packaging Equipment
    • Aseptic Filling and Sealing Equipment
    • Bottle Filling and Capping Equipment
    • Blister Packaging Equipment
    • Soft-tube Filling and Sealing Machines
    • Sachet Packaging Equipment
    • Strip Packaging Equipment
    • Counting Equipment
  • Secondary Packaging Equipment
    •  Cartoning Equipment
    • Case Packing Equipment
    • Wrapping Equipment
    • Tray Packing Equipment
    • Palletizing Equipment
  • Labeling And Sterilization Equipment
• Type:
  • Liquids Packaging Equipment
  • Solid Packaging Equipment
  • Semi-Solid Packaging Equipment
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Syntegon Technology GmbH
  • I.M.A. Industria Macchine Automatiche S.P.A.
  • Romaco Group
  • Bausch+Ströbel SE + Co. KG
  • MG2 s.r.l.
  • OPTIMA packaging group GmbH
  • Korber AG
  • Uhlmann Group
  • Marchesini Group S.p.A
  • MULTIVAC.