In a recent published report, Kenneth Research has updated the market report for Pharmaceutical Packaging Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pharmaceutical Packaging Equipment Market products.
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The global Pharmaceutical Packaging Equipmentmarket was valued at USD 5.54billion in 2016 and is projected to reach USD 9.96billionby 2025, growing at a CAGR of 6.73% from 2017 to 2025.
Pharmaceutical packaging (or drug packaging) is the packages and the packaging processes for pharmaceutical preparations. It involves all of the operations from production through distribution channels to the end consumer. The market is expected to grow simultaneously along with expansion of pharmaceutical sector.
1. Market Drivers
1.1 Growing geriatric population
1.2 Increasing demand for efficient packaging method
1.3 Growing Offshore Manufacturing in the Pharmaceutical Market
1.4 Regulatory Compliance
2. Market Restraints
2.1 Growing Preference for Refurbished Packaging Equipment
1. By Product:
1.1 Liquids Packaging Equipment
1.1.1 Aseptic Liquids Packaging Equipment
1.1.2 Syrup Packaging Equipment
1.1.3 Eye/Ear Drop Packaging Equipment
1.1.4 Aerosol Packaging Equipment
1.1.5 Other Liquids Packaging Equipment
1.2 Solids Packaging Equipment
1.2.1 Tablet Packaging Equipment
1.2.2 Capsule Packaging Equipment
1.2.3 Powder Packaging Equipment
1.2.4 Granule Packaging Equipment
1.2.5 Other Solids Packaging Equipment
1.3 Semi-Solids Packaging Equipment
1.3.1 Ointment Packaging Equipment
1.3.2 Cream Packaging Equipment
1.3.3 Suppository Packaging Equipment
1.3.4 Other Semi-Solids Packaging Equipment
1.3.5 Other Products Packaging Equipment
2. By Package:
2.1 Primary Packaging Equipment
2.1.1 Aseptic Filling and Sealing Equipment
2.1.2 Bottle Filling and Capping Equipment
2.1.3 Blister Packaging Machinery
2.1.4 Soft Tube Filling and Sealing Machines
2.1.5 Sachet Packaging Equipment
2.1.6 Counting Machines
2.1.7 Strip Packaging Equipment
2.1.8 Other Primary Packaging Equipment
2.2 Secondary Packaging
2.2.1 Cartoning Equipment
2.2.2 Case Packaging Equipment
2.2.3 Wrapping Equipment
2.2.4 Tray Packing Equipment
2.2.5 Palletizing and Depalletizing Equipment
2.3 Labeling and Serialization Equipment
2.4 Bottle & Ampoules Labeling & Serialization Equipment
2.5 Carton Labeling & Serialization Equipment
2.6 Datamatrix Labeling & Serialization Equipment
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Bausch &StrÃ¶belMaschinenfabrikIlshofen GmbH Co. Kg
2. IMA S.P.A.
3. KÃ¶rber AG
4. Marchesini Group S.P.A.
5. MG2 S.R.L
6. Multivac Group
7. Optima Packaging Group GmbH
8. Robert Bosch GmbH
9. RomacoPharmatechnik GmbH
10. Uhlmann Group
11. Accutek Packaging Equipment Companies, Inc.
12. ACG Worldwide
13. Svanguard Pharmaceutical Machinery, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Pharmaceutical Packaging Equipmentmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
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