USD 18.52 billion
Pharmaceutical Processing and Packaging Equipment Market Size, Share, Growth Analysis, By mode of delivery(oral, parenteral, topical, and other formulations), By Type(cartoning equipment, wrapping equipment, labeling equipment, and cleaning equipment), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2173 |
Region:
Global |
Published Date: February, 2024
Pages:
211
|Tables:
65
|Figures:
66
Pharmaceutical Processing and Packaging Equipment Market Insights
Pharmaceutical Processing and Packaging Equipment Market was valued at USD 22.09 billion in 2022, and is poised to grow from USD 23.08 billion in 2023, to USD 32.83 Billion by 2031 at a CAGR of 4.50% during the forecast period (2024-2031).
The pharmaceutical processing and packaging equipment market has experienced significant growth, which is primarily attributable to the booming pharmaceutical industry, rising contract manufacturing demand, the expiration of patents, which has increased generic drug production, and a trend toward flexible manufacturing. The market has a lot of room to develop thanks to the rise in pharma R&D investment and domestic pharmaceutical production in a number of nations, including China, India, Malaysia, Indonesia, and the UAE.
The introduction of biological APIs has increased interest in pharmaceutical packaging equipment as well as increased demand for API packaging and condensed innovative therapeutic applications (ANDA). The pharmaceutical industry claims that as a result, there is a rise in demand for designed pharmaceuticals to be given in economical and effective packaging. The introduction of new pharmaceuticals and the rise in the prevalence of chronic diseases are the two main factors driving the market for pharmaceutical packaging equipment.
In some countries with low-cost manufacturing facilities, an increase in production volume is projected to boost the demand for pharmaceutical packaging equipment. The pharmaceutical packaging equipment industry is expanding primarily due to liquid packaging machinery. This was ascribed to the variety of uses for liquid pharmaceutical doses, which may be given orally or by parenteral administration. It was also noted that they are palatable, making them a great choice for both elderly and juvenile patients.
US Pharmaceutical Processing and Packaging Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Oral
Fastest Growth
Parental
Growth Rate
4.5% CAGR
Pharmaceutical Processing and Packaging Equipment Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Pharmaceutical Processing and Packaging Equipment Market Segmental Analysis
The global pharmaceutical processing & primary packaging equipment market is segmented based on mode of delivery, secondary packaging, and region. The market by mode of drug delivery is majorly segmented into oral, parenteral, topical, and other formulations. Based on the type, the market is segmented as cartoning equipment, wrapping equipment, labeling equipment, and cleaning equipment. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Europe, and MEA.
Pharmaceutical Processing and Packaging Equipment Market Analysis by Mode of Delivery
According to mode of delivery, the oral formulations segment is anticipated to have the largest market share in 2021. Drug administration for oral formulations doesn't need to be done by trained professionals. Oral formulations are more preferred since they are easier to administer, more convenient, and more affordable. Oral marketed doses and oral liquid dosages are examples of oral formulations. The market segment for oral solid doses is anticipated to increase at the quickest rate throughout the anticipated period.
Pharmaceutical Processing and Packaging Equipment Market Analysis by Type
The segment of packaging equipment for cartons is anticipated to account for the largest revenue share in the market for pharmaceutical secondary packaging.
Regarding product handling, cartons are regarded as the best secondary packaging. To add an additional layer of protection, medications are generally packed using cartooning machinery. It offers cost-effective and efficient product protection during shipping. To shield drugs from moisture, light, or other potential contaminants, regulatory bodies like the U.S. FDA also advise utilizing secondary packaging, such as cartons. As needed by regulatory rules, product inserts or booklets about the product are also transported in boxes.
Pharmaceutical Processing and Packaging Equipment Market By mode of drug delivery, 2021 (%)
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Pharmaceutical Processing and Packaging Equipment Market Regional Insights
Asia-Pacific will lead the pharmaceutical packaging equipment market in terms of revenue and market share throughout the projected period. This is a result of the region's rising need for pharmaceutical packaging machinery. Due to strict government regulations and policies against fake goods, rising offshore pharmaceutical production, and rising adoption of liquids packaging equipment, the Asia-Pacific region dominates the market for pharmaceutical packaging equipment. Additionally, the government's relaxations, such as raising the foreign direct investment (FDI) limit for brownfield pharmaceutical ventures from 49% to 74%, as well as a booming generic drug market, have helped India's pharmaceutical manufacturing sector attract investment from international private equity firms.
Europe is estimated to see the highest growth throughout the forecast period due to its higher level of pharmaceutical product production. The drivers boosting the development of this regional market include the size of the pharmaceutical sector, rising R&D spending, and the transition to generic medications brought on by rising healthcare prices.
Pharmaceutical Processing and Packaging Equipment Market By Geography, 2021-2028
- Largest
- Fastest
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Pharmaceutical Processing and Packaging Equipment Market Dynamics
Pharmaceutical Processing and Packaging Equipment Market Drivers
Increasing Cost of Healthcare Services to Boost Market Growth
- Due to rising healthcare costs, the release of new medications, and the rise in chronic illness incidence, the worldwide pharmaceutical industry is predicted to increase strongly in the upcoming years. A significant number of blockbuster medications have also recently lost their patents, and more are expected in the upcoming years. This will make it possible for low-cost generic competitors to enter the market, which is expected to increase the number of medications sold. By the end of 2018, when the patents on several prescription pharmaceuticals in developed markets like the US and the UK expired, the total sales of these medications were probably down by more than USD 100 billion. In reality, however, the sales volume climbed because to the rise in demand for their generic and biologic competitors' products. The market for packaging equipment for the manufacture of generic drugs is anticipated to rise significantly as a result of this increase in production volume, particularly in Latin American and Asian nations with affordable manufacturing facilities.
- In order to assure high-speed packaging production, the growing need for pharmaceutical medications is predicted to boost the demand for effective packaging systems. This, in turn, will drive the market for automated equipment.
Pharmaceutical Processing and Packaging Equipment Market Restraints
Stringent Regulations to Hinder Market Growth
- Compliance has become difficult for producers of packaging equipment all around the world due to ambiguity surrounding standards for serializing and laws, including the potential for the implementation of new regulations. Due to the uncertainties surrounding serialization requirements, several end users have also halted or postponed their packing equipment buying initiatives. While the product lot number and expiration date are now required on pharmaceutical labels, the US FDA has stressed the necessity for manufacturers to include additional distinctive identifiers on their packaging to improve supply chain control. Some manufacturers have started incorporating a specialized labelling system designed to fulfil MP requirements and prevent labelling errors before they become a systematic problem in order to comply with changes in labelling rules. Currently, this problem is delaying the production of pharmaceutical packaging.
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Pharmaceutical Processing and Packaging Equipment Market Competitive Landscape
With a number of regional and international competitors present all over the world, the market for pharmaceutical processing and packaging equipment is fairly competitive. The market's leading companies are putting a variety of business strategies into practice, including product launches, acquisitions, mergers, and partnerships, to broaden their geographic reach and product offering.
Pharmaceutical Processing and Packaging Equipment Market Top Player's Company Profiles
- Robert Bosch GmbH (Germany)
- Syntegon Technology GmbH (Germany)
- Otto Bihler Maschinenfabrik GmbH & Co. KG (Germany)
- Romaco Group (Germany)
- Uhlmann Group (Germany)
- Maquinaria Industries Dara, SL (Spain)
- MULTIVAC (Germany)
- Accutek packaging Companies (US)
Pharmaceutical Processing and Packaging Equipment Market Recent Developments
- In February 2022, Fangda Partners assisted Weifu Group in purchasing 100% of the equity interests of VHIT along with its wholly-owned PRC subsidiary VHIT Automotive Systems from Robert Bosch so that Weifu Group could acquire the entirety of the vacuum and hydraulic pump business in Italy and China for EUR60,000,000.
- In June 2021, The German show's organizers created the Achema Pulse web platform in advance of the forthcoming edition of Achema, which will be the industry's first significant international event since the pandemic's end. Throughout the month of June, the platform will be accessible online, with the Live Days on June 15 and 16 being two significant times when industry businesses will display cutting-edge procedures and packaging trends. Three presentations from the Marchesini Group, which has created a virtual showroom on the Achema Pulse website, will be made during the Live Days to efficiently inform its clients on the most recent developments in pharmaceutical packaging technology.
Pharmaceutical Processing and Packaging Equipment Key Market Trends
- Increasing player investments in the manufacturing sector and ongoing technological advancement in the market for pharmaceutical packaging equipment are some of the major trends that have been seen in the industry. The pharmaceutical packaging equipment market is expanding as a direct result of the booming pharmaceutical sector. Growing rates of illnesses and disorders are driving the pharmaceutical business to expand, which is driving demand for pharmaceutical packaging machinery. Due to the low import taxes in emerging nations like China and India, the market for pharmaceutical packaging equipment is expected to grow rapidly in those countries. Developing nations in the Asia-Pacific region are becoming prospective markets for pharmaceutical packaging equipment due to the demand for affordable production facilities.
Pharmaceutical Processing and Packaging Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global pharmaceutical processing & packaging equipment analysis, the market is booming. Growing demand for contract manufacturing, generic drug production increasing as patents expire, and a trend toward flexible manufacturing. Significant prospects for the market's expansion are provided by the rise in pharmaceutical R&D expenditures and domestic pharmaceutical manufacture in a number of nations, including China, India, Malaysia, Indonesia, and the United Arab Emirates.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 22.09 billion |
| Market size value in 2031 | USD 32.83 Billion |
| Growth Rate | 4.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pharmaceutical Processing and Packaging Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pharmaceutical Processing and Packaging Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pharmaceutical Processing and Packaging Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pharmaceutical Processing and Packaging Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Processing and Packaging Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pharmaceutical Processing and Packaging Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Pharmaceutical Processing and Packaging Equipment Market Report Snapshots
- Pharmaceutical Processing and Packaging Equipment Companies
- Pharmaceutical Processing and Packaging Equipment Market Size
- Pharmaceutical Processing and Packaging Equipment Market Analysis
- Pharmaceutical Processing and Packaging Equipment Geographic Analysis
- Pharmaceutical Processing and Packaging Equipment Market News
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