The growing demand for flexible and integrated packaging equipment is a critical component of the rise in Pharmaceutical Packaging Equipment market revenue, as is the rapid growth in the generic and biopharmaceutical sectors, which will drive market growth.
Jersey City, New Jersey, Oct. 11, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently published a report, “Pharmaceutical Packaging Equipment Market” By Product (Liquids Packaging Equipment, Solids Packaging Equipment), By Package (Primary Packaging Equipment, Secondary Packaging), and By Geography.
As per the deep research carried out by Verified Market Research, the global Pharmaceutical Packaging Equipment Market was valued at USD 7.24 Billion in 2022 and is projected to reach USD 13.75 Billion by 2030, growing at a CAGR of 7% from 2023 to 2030.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=4849
Browse in-depth TOC on “Pharmaceutical Packaging Equipment Market”
202 – Pages
126 – Tables
37 – Figures
Global Pharmaceutical Packaging Equipment Market Overview
Pharmacological packaging, often known as drug packaging, refers to the packages and techniques used to package pharmaceutical formulations. Packaging machinery is used in all packaging activities, from core packages through distribution packs. Multiple packaging procedures are involved, including fabrication, cleaning, filling, sealing, combining, labeling, overwrapping, and palletizing. Pharmaceutical packing machinery provides effective solutions for distributing pharmaceutical and nutraceutical commodities. Sealers, label applicators, case packers, hand packing stations, and hard glaze-over wraps are some of the most contemporary pharmaceutical packaging equipment.
The introduction of biological APIs has boosted demand for API packaging and a spike in interest in condensed novel medicinal uses, both of which have boosted interest in pharmaceutical packaging machinery (ANDA). As a result, there is an increase in demand for formulated medications to be delivered in cost-effective and efficient packaging, according to the pharmaceutical industry. The market for pharmaceutical packaging equipment is being driven by the release of new medications as well as the rising incidence of chronic illnesses.
Growth in production volume is likely to fuel the pharmaceutical packaging equipment market for generic medication manufacturing in some countries with low-cost manufacturing facilities. Liquid packaging equipment is driving the growth of the pharmaceutical packaging equipment market. This was attributed to the wide range of applications for liquid pharmaceutical dosages, which can be administered by parenteral or oral methods, as well as their palatability, which makes them an excellent product for pediatric and geriatric patients.
Key Development
Mergers and Acquisitions
- In February 2022, Fangda Partners represented Weifu Group in its acquisition of the entire vacuum and hydraulic pump business in Italy and China from Robert Bosch by acquiring 100 percent of the equity interests of VHIT together with its wholly-owned PRC subsidiary VHIT Automotive Systems at an enterprise value of EUR60,000,000 from Robert Bosch.
Partnerships, Collaborations, and Agreements
- In November 2020, Romaco joined beefutures as a partner. Romaco in Karlsruhe, Cologne, and Steinen has been invaded by bees. Romaco has recently established three bee colonies at its locations in Karlsruhe, Cologne, and Steinen. beefutures will provide optimal care for up to 150,000 honey bees across three locations. The project demonstrates the supplier of processing and packaging equipment’s commitment to natural habitat conservation.
Key Players
The major players in the market are Romaco Pharmatechnik GmbH, MULTIVAC, Marchesini Group S.p.A., Korber Ag, Robert Bosch Gmbh, MG2 s.r.l., Uhlmann-Group, OPTIMA packaging group GmbH, I.M.A. Industria Macchine Automatiche S.p.A. and Bausch & Strobel Maschinenfabrik llshofen Gmbh Co. Kg.
Verified Market Research has segmented the Global Pharmaceutical Packaging Equipment Market On the basis of Product, Package, and Geography.
- Pharmaceutical Packaging Equipment Market, By Product
- Liquids Packaging Equipment
- Solids Packaging Equipment
- Semi-Solids Packaging Equipment
- Others
- Pharmaceutical Packaging Equipment Market, By Package
- Primary Packaging Equipment
- Secondary Packaging
- Labeling and Serialization Equipment
- Pharmaceutical Packaging Equipment Market, By Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Life Science Products Market By Application (Drug Discovery And Development, Basic Research, Toxicity Screening), By End-User (Biopharmaceutical Companies, Contract Research Organizations (CROs)), By Geography, And Forecast
Shrink Films Market By Product (POF Film, PVC Film, PP/BOPP Film), By Application (Food & Beverages, Pharmaceuticals, Consumer Goods), By Geography, And Forecast
Bio-Pharmaceutical Logistics Market By Product (Cold Chain Logistics, Non-Cold Chain Logistics), By Application (Ground Shipping, Sea Shipping, Air Shipping), By Geography, And Forecast
Pharmaceutical Glass Tubular Vial and Ampoule Market By Product (Vial, Ampoule), By Geography, And Forecast
Top 10 Pharmaceutical Packaging Companies: Salvation of global medical industry
Visualize Pharmaceutical Packaging Equipment Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance and use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
CONTACT: Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 UK: +44 (753)-715-0008 APAC: +61 (488)-85-9400 US Toll Free: +1 (800)-782-1768 Email: sales@verifiedmarketresearch.com Web: https://www.verifiedmarketresearch.com/ BI Enabled Platform: https://www.verifiedmarketresearch.com/vmintelligence/ Follow Us: LinkedIn | Twitter
- Webinar to Highlight Impact of Opioid Crisis on Vulnerable Populations - December 4, 2023
- Bag-in-Box Market Anticipated US$ 6.6 billion by 2034: Increasing Need for Sustainable Packaging Options Worldwide | Future Market Insights, Inc. - December 4, 2023
- Strategus Collaborates with Intent IQ and PubMatic to Offer Cookieless Audience Activation and CTV-to-iOS Retargeting - December 4, 2023
