In a recent published report, Kenneth Research has updated the market report for Tablet Processing and 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 Tablet Processing and Packaging Equipment Market products.
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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
The Tablet Processing and Packaging Equipment Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Tablet Processing and Packaging Equipment Market were valued at USD 3420 Million in the year 2017. Global Tablet Processing and Packaging Equipment Market are further estimated to grow at a CAGR of 9.4% from 2019 to reach USD 6963.60 Million by the year 2025. North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At the country level, U.S and Canada is projected to grow strongly in the coming years due to increasing rate of population.
Major market players in Tablet Processing and Packaging Equipment Market are Robert Bosch GmbH, GEA Group, Idex, I.M.A Industria Machine Automatiche S.P.A, Cadmach Machinery Company Private Limited, Kevin process Technologies, Prisma Pharma Machinery, Charles Ross and Son Company, The Elizabeth Companies, ,Nicomac Srl, and brief information of 9 companies will be provided in the report. Rising research and development expenses to cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Tablet Processing and Packaging Equipment Market:
Strength:
Rapid rise in chronic and infectious diseases
Rise in aging population
Growing offshore manufacturing
Weakness:
Increased demand for refurbished machines
Excess manufacturing time using traditional techniques
Opportunities:
Automated equipment’s reducing errors
Increased investment by R&D department
Threats:
Intense competition among the producers
High cost of production using advanced techniques
The Global Tablet Processing and Packaging Equipment Market is segmented as Product type, End Use and by Region. The Product type is segmented as granulators, milling equipment, vibrio sifters, dryers, blenders, tablet presses, allied machines and tablet packaging equipment. The liquid packaging equipment holds the highest Market share due to increased demand for automated packaging solutions. The End-Use segment is divided into pharmaceutical factories, research institutes, and others. Pharmaceutical factories hold the highest Market share. Among all, it is expected that the other packaging equipment will be growing at a moderate CAGR in the assessment period.
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Tablet Processing and Packaging Equipment Market Segmentation:
By End Use
*Pharmaceutical Factories
*Research Institutes
*Others
By Product Type
*Granulators
*Milling Equipment
*Vibrio Sifters
*Dryers
*Blenders
*Tablet Presses
*Allied Machines
*Tablet Packaging Equipment
By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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