The Global Pharmaceutical Packaging Equipment market was valued at USD 7,352.82 million in 2019 and is expected to reach USD 12,006.32 million by 2030, growing at a CAGR of 6.51% from 2020 to 2030.
Pharmaceutical packaging prepares the pharmaceutical and nutraceutical products for distribution, without any damage or loss. It is an integral process for the pharmaceutical industry, as it assures the quality, durability, and safety of products such as drugs, medicines, injections, etc. The packing process is also being modified with the evolution of technology.
The complete cycle of packaging refers to primary packaging, secondary sealing followed by labelling and sterilization process, and tertiary wrapping. These advanced, automated, and no human touch processing meets the packing need for basic as well as specialized pharmaceutical products, irrespective of its state. The upsurge demand for the generic pharmaceuticals has boosted the need for advanced pharmaceutical packaging devices in recent years.
Market Dynamics
The pharmaceutical packaging equipment market is expected to have steady growth, owing to the increasing demand for Generic and Biopharmaceutical products along with the growing incidence of chronic diseases such as cardiovascular diseases, Alzheimer’s, etc. The on-going researches for an innovative drug delivery system coupled with the growing pharmaceutical industry are also responsible for adding thrust to global pharmaceutical packaging equipment market potential. Other factors such as the maintenance of high accuracy wrapping, increasing demand for OTC drugs, and the evolution of contract manufacturing of drugs also aids in boosting the requirement for advanced packaging solutions in the pharmacological industry.
Based on the product, the primary packing segment holds the majority of market share and is projected to have the same growth rate during the next decade. The requirement for unit dosage forms, by the end-users, is the major factor offering exponential growth to the primary packaging devices segment. Also, easy handling and stacking of primary packed drugs and the invention of novel drug delivery systems serve to be the growth-supporting factors, boosting the demand for primary packaging devices, globally.
Based on Type, Strip packaging dominated the overall primary pharmaceutical packaging market in the year 2019 and expected to continue its dominance over the forecast period. The dominance is supported by factors such as increasing usage of medicine couple with rising aging population across the globe. Moreover, change in the lifestyle caused increase in health-related issue among population.
The growing need for integrated and flexible packaging is a major factor expected to propel the growth of the global pharmaceutical packaging equipment market. To meet the consumer’s demand for integrated packaging, many pharmaceutical manufacturers and are offering wide range of flexible packaging equipment for tablet, capsule, gel, injectables, oral dosage powder & liquid, etc
The higher costs of raw materials used in pharmaceutical product packaging is the major factor expected to restrict the growth of the global pharmaceutical packaging equipment market in the coming future. The raw materials used for packaging include plastic, glass, polymers, paper boards, and aluminium foil. For instance, according to the European Association of plastics & Recovery Organizations (EPRO), 19 countries in the Europe had plastic pharmaceutical packaging recycling rates higher than 35%. Whereas, Czechia and Germany achieved a recycling rate of 50% or more
The safe packaging of pharmaceutical products is significant so that therapeutic products and medications reach patients safely. Hence, the pharmaceutical companies are increasingly focusing on investments to purchase pharmaceutical packaging equipment, to provide patients with advanced packaging solutions for medications. For instance, Bosch Packaging Technology, in June 2017 launched ‘ALF 5000,’ which is a pharmaceutical filing and closing equipment. ALF 5000 offers an extensive range of filling systems mainly because this platform can be equipped with all conventional filling systems such as time-pressure filling or peristaltic pump system and optionally comes with 12, 10, 8, or 6 filling points
The major players of the global market are highly focusing on technological advancements and introducing innovative equipment, which is expected to propel the overall market growth and create huge growth opportunities in the global pharmaceutical packaging equipment market. This innovative equipment offers improved speed and accessibility in the pharmaceutical packaging processes, thereby contributing to market growth. For instance, in December 2018, a subsidiary of Hanmi Pharmaceutical, JVM launched ‘NS20,’ which is pharmaceutical packaging equipment that has an ability to prevent packaging errors of pharmaceuticals and speed up the automatic dispensing procedure. The NS20 model is appropriate for hospital pharmacies and large pharmacies, and comes with the latest ACRS-III (automatic sensor and communication) technology and ATDPS - a conventional automatic medicine categorization and packaging system
The outbreak of the COVID-19 pandemic created an extraordinary strain on society and affected millions of people across the globe. The spread of coronavirus generated unprecedented challenges for medicine manufacturing industries, impacting the global economy. The economic downturn due to factory closures, disturbance in the supply chain, movement limitations, and the requirement of social distancing resulted in putting the medical industry at the center stage, due to the pandemic. This changed the packaging formats of the pharmaceutical industry from traditional packing to sterile and antiviral packing. In the COVID-19 era, plastic again evolved as the preferred material for sterile and antiviral packaging, contradicting the trends of diminishing the use of plastic as it harms the environment. Furthermore, the versatile nature and high barrier properties of plastics are likely to ease the packaging process during this pandemic.
Pharmaceutical Packaging Equipment Market is segmented into types such as Primary Packaging Equipments, Labelling & Serialization, and Secondary Packaging Equipments. Primary packaging equipments are classified into various types such as Aseptic Filling & Sealing Equipments, Bottle filling & Capping Equipments, Strip Packaging Equipment, Counting Equipments, and Others. Also, labelling & serilization are divided into various types such as Carton Labelling& Serialization, Data matrix Labelling& Serialization, and Bottle & Ampoule Labelling& Serialization. Further, secondary packaging equipment are classified into various types such as Cartoning Equipments, Case Packing Equipments (Case Packer/ Side Loader & Top Loader Case Packer) ,Wrapping Equipment (Full Wrap & Wrap around Packer), Tray Packing Equipment, and Palletizing & Depalletizing Equipment Also, market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Various key players are discussed in this report such as Accutek Packaging , Syntegon, Marchesini Group , Coesia , RomacoPharmatechnik GmbH , Uhlmann , CAM Packaging, OPTIMA packaging group GmbH , and ACG Group
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Pharmaceutical Packaging Equipment Market Share Analysis, By Type
5.3 Global Pharmaceutical Packaging Equipment Market Size and Forecast, By Type
5.3.1 Primary Packaging Equipments
5.3.2 Labelling & Serialization
5.3.3. Secondary Packaging Equipments
6.1 Y-o-Y Growth Comparison, By Primary Packaging Equipment
6.2 Global Pharmaceutical Packaging Equipment Market Share Analysis, By Primary Packaging Equipment
6.3 Global Pharmaceutical Packaging Equipment Market Size and Forecast, By Primary Packaging Equipment
6.3.1 Aseptic Filling & Sealing Equipments
6.3.2 Bottle filling & Capping Equipments
6.3.3. Strip Packaging Equipment
6.3.4. Counting Equipments
6.3.5. Others
7.1 Y-o-Y Growth Comparison, By Labelling& Serialization
7.2 Global Pharmaceutical Packaging Equipment Market Share Analysis, By Labelling& Serialization
7.3 Global Pharmaceutical Packaging Equipment Market Size and Forecast, By Labelling& Serialization
7.3.1 Carton Labelling& Serialization
7.3.2Data Matrix Labelling& Serialization
7.3.3. Bottle & Ampoule Labelling& Serialization
8.1 Y-o-Y Growth Comparison, By Secondary Packaging Equipments
8.2 Global Pharmaceutical Packaging Equipment Market Share Analysis, By Secondary Packaging Equipments
8.3 Global Pharmaceutical Packaging Equipment Market Size and Forecast, By Secondary Packaging Equipments
8.3.1 Cartoning Equipments
8.3.2 Case Packing Equipments (Case Packer/ Side Loader & Top Loader Case Packer)
8.3.3 Healthcare & Life science
8.3.4. Wrapping Equipment (Full Wrap & Wrap around Packer)
8.3.5. Tray Packing Equipment
8.3.6. Palletizing & Depalletizing Equipment
9.1 Global Pharmaceutical Packaging Equipment Market Share Analysis, By Region
9.2 Global Pharmaceutical Packaging Equipment Market Share Analysis, By Region
9.3 Global Pharmaceutical Packaging Equipment Market Size and Forecast, By Region
10.1 Introduction
10.2 North America Pharmaceutical Packaging Equipment Product Market Share Analysis, By Type
10.3 North America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Primary Packaging Equipment
10.4 North America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Labelling& Serialization
10.5 North America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Secondary Packaging Equipments
10.6 North America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11.1 Introduction
11.2 Europe Pharmaceutical Packaging Equipment Product Market Share Analysis, By Type
11.3 Europe Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Primary Packaging Equipment
11.4 Europe Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Labelling& Serialization
11.5 Europe Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Secondary Packaging Equipments
11.6 Europe Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12.1 Introduction
12.2 Asia Pacific Pharmaceutical Packaging Equipment Product Market Share Analysis, By Type
12.3 Asia Pacific Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Primary Packaging Equipment
12.4 Asia Pacific Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Labelling& Serialization
12.5 Asia Pacific Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Secondary Packaging Equipments
12.6 Asia Pacific Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13.1 Introduction
13.2 Latin America Pharmaceutical Packaging Equipment Product Market Share Analysis, By Type
13.3 Latin America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Primary Packaging Equipment
13.4 Latin America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Labelling& Serialization
13.5 Latin America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Secondary Packaging Equipments
13.6 Latin America Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Country
14.1 Introduction
14.2 Middle East Pharmaceutical Packaging Equipment Product Market Share Analysis, By Type
14.3 Middle East Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Primary Packaging Equipment
14.4 Middle East Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Labelling& Serialization
14.5 Middle East Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Secondary Packaging Equipments
14.6 Middle East Pharmaceutical Packaging Equipment Product Market Size and Forecast, By Country
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
