Demand For Integrated Packaging Technologies : Pharmaceutical Packaging Equipment Market
Pharmaceutical Packaging Equipment Market By Product Type (Solids Packaging Equipment, Semi-solids Packaging Equipment and Liquids Packaging Equipment) and By Package Type (Primary Packaging Equipment and Secondary Packaging Equipment, — Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.
According to a new market report published by Transparency Market Research titled “Pharmaceutical Packaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, the market was valued at US$5.1 bn in 2014 and is expected to reach US$8.1 bn by 2021, at a CAGR of 6.8% through the forecast period.The global market for pharmaceutical packaging equipment has been covered under the scope of this report. Packaging ensures protection of pharmaceutical products against contamination and other external factors. Pharmaceutical packaging equipment provides safety of packaged products during storage and transportation. Due to rapid improvement of packaging techniques, there has been immense development of flexible, reliable and integrated pharmaceutical packaging machineries.
The major factors fuelling the growth of Global Pharmaceutical Packaging Equipment Market are expansion of pharmaceutical industry and demand for flexible and automated packaging equipment worldwide. Moreover, strict packaging regulations imposed by National Quality Forum, Food and Drug Administration and other regulatory authorities, have further raised the demand for automated and innovative packaging equipment. The market is anticipated to develop significantly in the future, owing to increasing investment for equipment manufacturing facilities in different parts of Asia Pacific. However, utilization of refurbished packaging equipment by small scale companies, primarily in developing countries such as India, Japan and Brazil, is expected to hinder the market for pharmaceutical packaging equipment during the forecast period from 2015 to 2021.
The global pharmaceutical packaging equipment market, by product types is divided broadly into three major segments, which include solids packaging equipment, semi-solids packaging equipment and liquids packaging equipment. Liquids packaging equipment held the largest share of global pharmaceutical packaging equipment market in 2014. The major reason is attributed to increasing usage of liquid dosages by end users and demand for effective filling of liquid products with high precision and accuracy. The market for liquid packaging equipment is further segmented into eye or ear drop packaging equipment, aerosol packaging equipment and syrup packaging equipment. Furthermore, the market for solids packaging equipment is classified into tablet packaging equipment, capsule packaging equipment and powder packaging equipment. The market for semi-solids packaging equipment is broadly segmented into ointment packaging equipment and cream packaging equipment.
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The global pharmaceutical packaging equipment market by package type is bifurcated into two segments: primary packaging equipment and secondary packaging equipment. Primary packaging equipment contributed to the largest market share in 2014, owing to demand for unit dosage forms. Moreover, primary packaging provides easy shelving and handling of pharmaceutical products. The market for primary packaging equipment is further divided into aseptic filling and sealing equipment, bottle filling and capping equipment, blister packaging equipment, soft tube filling and sealing equipment, sachet packaging equipment, and others. Furthermore, the market for secondary packaging equipment is classified into cartoning equipment, case packaging equipment, wrapping equipment and others.
The global pharmaceutical packaging equipment market has been segmented broadly into four regions: North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, North America acquired the largest share of the market in 2014 accounting for 32.2% of the market share. Increasing investments for novel medicaments along with huge development of pharmaceutical industry can be attributed to potential utilization of pharmaceutical packaging equipment in this region.
Some of the leading players in the pharmaceutical packaging equipment market are Korber A.G., Mg2 S.R.L., IMA S.P.A., Robert Bosch GmbH, Multivac Group, Bausch and Strobel Maschinenfabrik Ilshofen GmbHCo. Kg, Optima Packaging Group GmbH, Marchesini Group Spa, Uhlmann Group and Romaco Pharmatechnik GmbH.
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