Pharmaceutical Packaging Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Title:
Pharmaceutical Packaging Equipment Market Global Trends, Market Share, Industry
Size, Growth, Opportunities, and Market Forecast 2019 to 2026
The packaging of pharmaceutical products and drug delivery systems is crucial.
Pharmaceutical packaging equipment allows for maintaining the quality and protection
of pharmaceutical products. The increased drug manufacturing, research investments
and new improvements in packaging materials are in particular driving the
pharmaceutical packaging equipment market growth. Safety and high quality of all
pharmaceutical products are of utmost importance and that is aptly ensured by
pharmaceutical packaging equipment. Present advancements in packaging techniques
provide modern pharmaceutical packaging equipment with an upper hand over
conventional packaging system. Patient compliance and quality norms have generated
the need for production of innovative packaging materials.
The pharmaceutical industry is stringently regulated and high-cost equipments are
involved. This results in increased cost pressure. Also, implementation of revamped
packaging techniques considerably hinders the growth of this market. Due to such
scenarios pharmaceutical companies are changing their operational as well as
manufacturing processes. Rigid regulations force the pharmaceutical industry to follow
necessary standards when dealing with the drugs as they can have a direct impact on
human health.
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Pharmaceutical Packaging Equipment Market Overview
The global pharmaceutical packaging equipment market reached a global value of $6.2
billion in 2018 and global value is expected to surpass $146 billion by 2026 end
Increase in regulatory norms, hike in generic market and packaging innovation&
automation are major factors driving rapid growth for the forecasted period of 20192026
The global pharmaceutical packaging equipment market is anticipated to register a
CAGR of 7.56% during the forecasted period of 2019-2026
Key Trends in Pharmaceutical Packaging Equipment Market
Rising demand for eco-friendly, recyclable, compostable and biodegradable packaging
Focus on reduced drug wastage, convenience and ease-of- drug administration
Rapid growth in developing countries in the APAC region, due to intensive product
innovations through extensive research and development activities will continue to
promote pharmaceutical packaging market growth
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Pharmaceutical Packaging Equipment Market Summary:
Segmentation based on Product Type:
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Aseptic Packaging Systems
Case Packer System
Wrapping Machine
Palletizing Machine
Labelling
Segmentation based on End User:
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Contract Manufacturing Organization
Pharmaceutical Companies
Contract Research Organizations
Contract Packaging Service Provider
Segmentation based on Region:
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Europe
North America
APAC
Latin America
Rest of World
Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on global pharmaceutical packaging
equipment market on the basis of product type, end-user and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
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The packaging of pharmaceutical products and drug delivery systems is crucial. Pharmaceutical packaging equipment allows for maintaining the quality and protection of pharmaceutical products. The increased drug manufacturing, research investments and new improvements in packaging materials are in particular driving the pharmaceutical packaging equipment market growth.