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The infographic below contains key findings from our analysis of the pharmaceutical packaging equipment market
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The global pharmaceutical packaging equipment market research predicts the market to grow at a CAGR of around 5% between 2016 and 2020. The growing technological innovation and an increase in investment in the manufacturing sector by vendors in APAC have fueled the growth of this market. The market has been witnessing growth since 2012 owing to the development of the pharmaceutical industry globally. High import duties along with the need for cost-effective manufacturing facilities create a remarkable opportunity for the pharmaceutical packaging equipment market in developing countries such as India and China.
The growing advancements and developments in the pharmaceutical industry have surged the demand for new and novel drug discovery, increasing the packaging requirements for the same. Owing to the high growth in APAC, the global pharmaceutical packaging equipment market is expected to experience significant growth in the near future.
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Preference from end-users for unit dosage forms is one of the major factors boosting the demand for primary packaging equipment. The market attractiveness for secondary pharmaceutical packaging equipment is low owing to the high demand for primary pharmaceutical packaging products.
During 2015, the global pharmaceutical packaging equipment market was led by the Americas with a market share of more than 30%. The demand for different pharmaceutical packaging equipment worldwide depends on several factors such as advancements in the pharmaceutical industry, patent expirations of a number of drugs in the pipeline, economic growth in the region, and cost of production.
The global pharmaceutical packaging equipment market is highly fragmented with several multinational, regional, and local suppliers. None of the major players in this market have more than 18% of market share.
According to the pharmaceutical packaging equipment market analysis, the leading vendors in the market are -
Other prominent vendors in the market include Bausch + Ströbel Maschinenfabrik Ilshofen, Busch Machinery, Dara Pharmaceutical Packaging, Inline Filling Systems, Körber, N.K.P. Pharma, OMAG, OPTIMA, Ropack, Trustar Pharma & Packing Equipment, and Vanguard Pharmaceutical Machinery.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by packaging type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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