The Pharmaceutical Packaging Equipment Market in the United States is experiencing robust growth, with projections indicating that it will hold a significant 25% share of the total market over the forecast period. Several key factors are contributing to this positive outlook. Notably, the rising per capita spending on healthcare and increased investment in pharmaceutical products are propelling the demand for pharmaceutical packaging equipment.
The presence of large pharmaceutical companies in the country further augments this growth trend, as they require advanced packaging solutions. The market is expected to maintain a healthy Compound Annual Growth Rate (CAGR) of 7.6% throughout the forecast period, reflecting the strong momentum and potential for expansion in the pharmaceutical packaging equipment sector in the USA.
Request a Sample PDF: https://www.futuremarketinsights.com/reports/sample/rep-gb-15125
The global pharmaceutical packaging equipment market is poised to achieve a valuation of US$ 5.6 billion in 2023, driven by a growing demand for sustainable packaging solutions. This momentum is expected to continue, leading to a projected CAGR of 4.1% between 2023 and 2033, culminating in a market worth approximately US$ 8.4 billion by 2033. A pivotal trend in this growth trajectory is the integration of track-and-trace systems within the pharmaceutical packaging equipment sector.
Track-and-trace systems play a crucial role in enhancing drug traceability, bolstering supply chain security, and curbing the proliferation of counterfeit pharmaceutical products. This technology allows for comprehensive monitoring and tracking of pharmaceutical items from their manufacturing stages to distribution, ensuring the products’ authenticity and overall safety.
Manufacturers of pharmaceutical packaging equipment are actively aligning their solutions with track-and-trace technologies. Serialization, a key component of this integration, involves assigning unique identifiers or codes to individual units of pharmaceutical products. Packaging equipment is equipped to print or apply these identifiers onto packaging materials or labels.
The serialization process involves generating and recording unique identifiers in a centralized database, which houses essential information about product batches, expiration dates, and other vital details. As the product progresses through the supply chain, its unique identifier is continually scanned and tracked at various checkpoints, including manufacturing, packaging, distribution, and dispensing. This integration not only enhances safety but also facilitates more transparent and secure pharmaceutical operations.
“Growing preference for blister packaging equipment, along with increasing sales of generic drugs such as tablets and capsules will augment the growth in the market,” says an FMI analyst.
Key Takeaways:
- Sales in the blister packaging machine segment will increase at a CAGR of 7.1% over the forecast period.
- In terms of machine type, demand for automatic pharmaceutical packaging equipment are forecast to grow at a 7.6% CAGR through 2032.
- Total sales in the U.S. market are expected to account for 1/4th of the total market share.
- India will emerge as a lucrative pocket, with sales projected to grow 2.5x over the forecast period.
Competition Landscape
Leading players operating in the global pharmaceutical packaging equipment market are investing in research and development to expand their global reach. Some of the key players include IMA, Bosch, Uhlmann, Körber AG, Multivac, Marchesini Group, Optima, Bausch & Strobel, Gerhard Schubert, CKD Corporation.
Leading Companies Profiled in the Pharmaceutical Packaging Equipment Market are
- Gerresheimer
- Robert Bosch GmbH
- I.M.A. Industria Macchine Automatiche SpA
- Marchesini Group S.p.A
- Bausch+Ströbel Maschinefabrik Ilshofen GmbH+Co. KG
- Romaco Group
- Dara Pharmaceutical Equipment
- MULTIVAC Group
- Accutek Pharmaceutical Equipment Companies, Inc.
- OPTIMA Packaging Group
- Trustar Pharma Pack Equipment, Co. Ltd.
- MG2 s.r.l.
- Inline Filling Systems
- nVenia LLC
- ACIC Pharmaceuticals Inc.
- Harro Höfliger
- NJM Packaging
- CKD Corporation
- Herma GmbH
- ProMach, Inc.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15125
Global Pharmaceutical Packaging Equipment Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for global pharmaceutical packaging equipment market by packaging format (primary packaging, secondary packaging, and tertiary packaging), by machine type (filling, labelling, form-fill-seal (FFS), blister packaging, capping, wrapping, palletizing and others), by application (tablets, powders, cream, syrup, and aerosol), & region.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Request Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-15125
Global Pharmaceutical Packaging Equipment Market by Category
By Automation:
- Automatic
- Semi-automatic
- Manual
By Machine Type:
- Bottling Line
- Cartoning
- Form-fill-seal (FFS)
- Blister Packaging
- Capping & Closing
- Filling & Sealing
- Labelling, Decorating & Coding
- Palletizing
- Wrapping & Bundling
By Application:
- Tablets
- Powders
- Cream
- Syrup
- Aerosol
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
- South Asia
- Oceania
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube