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Pharmaceutical Packaging Equipment - Global Strategic Business Report

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    Report

  • 576 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805759

Global Pharmaceutical Packaging Equipment Market to Reach $20.4 Billion by 2030

The global market for Pharmaceutical Packaging Equipment estimated at US$10.5 Billion in the year 2022, is projected to reach a revised size of US$20.4 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030. Primary Packaging Equipment, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$16.2 Billion by the end of the analysis period. Growth in the Secondary Packaging Equipment segment is estimated at 8.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 9.9% CAGR

The Pharmaceutical Packaging Equipment market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 7.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.

Select Competitors (Total 98 Featured)

  • GEA Group AG
  • Coesia SpA
  • ACG Worldwide
  • Accutek Packaging Equipment Companies, Inc.
  • Glatt GmbH
  • Berry Global, Inc.
  • CAM (Tecnicam Srl)
  • Filamatic
  • Groninger & Co. GmbH
  • Bausch+Strobel Maschinenfabrik Ilshofen GmbH+Co. KG
  • Brevetti C.E.A. Spa
  • Busch Machinery
  • E-PAK Machine , Inc.
  • Brandster Branding Limited
  • Apricot Technologies Limited

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Pharmaceutical Packaging Equipment Market

What is the estimated value of the Pharmaceutical Packaging Equipment Market?

The Pharmaceutical Packaging Equipment Market was estimated to be valued at $10.5 Billion in 2022.

What is the growth rate of the Pharmaceutical Packaging Equipment Market?

The growth rate of the Pharmaceutical Packaging Equipment Market is 8.7%, with an estimated value of $20.4 Billion by 2030.

What is the forecasted size of the Pharmaceutical Packaging Equipment Market?

The Pharmaceutical Packaging Equipment Market is estimated to be worth $20.4 Billion by 2030.

Who are the key companies in the Pharmaceutical Packaging Equipment Market?

Key companies in the Pharmaceutical Packaging Equipment Market include GEA Group AG, Coesia SpA, ACG Worldwide, Accutek Packaging Equipment Companies, Inc., Glatt GmbH, Berry Global, Inc., CAM (Tecnicam Srl), Filamatic, Groninger & Co. GmbH and Bausch+Strobel Maschinenfabrik Ilshofen GmbH+Co. KG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Impact on Pharmaceutical Packaging Market
  • Growing COVID-19 Cases and Efforts to Develop Vaccines Presents Opportunity for Pharmaceutical Packaging Equipment Market: Top Countries Ranked by Number of COVID-19 Cases
  • COVID-19 to Restructure the Pharmaceutical Supply Chain Management
  • Pharmaceutical Companies Devise Innovative Strategies for Streamlining Supply Chain Networks
  • Pharmaceutical Packaging Players Gear Up with Sterile, Antiviral Packaging to Deal with COVID-19 Challenge
  • Unprecedented Global Push to Expedite COVID-19 Vaccine Development to Spur Demand for Packaging Products, Propel Growth in Packaging Equipment
  • COVID-19 Vaccines in Pipeline by Technology and Clinical Stage
  • A Prelude to Pharmaceutical Packaging
  • An Introduction to Pharmaceutical Packaging Equipment
  • Global Pharmaceutical Packaging Equipment Market: Prospects & Outlook
  • Advancements in Pharmaceutical & Biopharmaceutical Industries Fuel Growth Packaging Equipment Market
  • Primary Packaging Equipment Segment Leads Market
  • Liquids Packaging Equipment Dominates Global Market
  • Europe Continues to Rein Global Pharmaceutical Packaging Equipment Market
  • Competition
  • Packaging Equipment Providers Rise Up to Address Evolving Needs and Challenges Faced by Pharmaceutical Industry
  • Recent Market Activity
  • Pharmaceutical Packaging Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
  • Pharmaceutical Packaging Equipment Competitor Market Share Scenario Worldwide (in %): 2020E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Strong Rise in Pharmaceutical Sales to Drive Demand for Glass Packaging Solutions
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Rapid Growth of Generic Drugs Drives Demand for Pharma Packaging Equipment
  • Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2020 & 2025
  • Increasing Significance of Biologic Drugs Fuels Innovations in Packaging and Delivery Techniques, Supporting Demand for Packaging Equipment
  • Global Biologic Drugs Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
  • Increasing Sales of OTC Drugs Presents an Opportunity for Pharma Packaging Equipment Makers
  • Global OTC Drugs Market Breakdown by Product (in %): 2020E
  • Aging Population & Increasing Burden of Chronic Diseases Spurs Pharma Product Sales, Driving Market Growth
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Market Poised to Benefit from the Rapid Growth of Pharmaceutical Contract Manufacturing Activity
  • Global Pharmaceutical Contract Manufacturing Market Size (in US$ Billion) for 2019, 2022 and 2025
  • Contract Packaging Trend Augurs Well for the Pharma Packaging Equipment Market
  • With Emerging Economies Emerging as Hubs of Pharma Manufacturing Activity, Growth Potential in Store for Equipment Companies
  • Trends in Pharmaceutical Sector Drive the Need for Collaboration between Industry and Equipment Providers
  • OEE Makes Way into the Pharma Sector
  • Serialization Drives New Design Developments in Pharma Sector
  • Blister Packaging: The Mainstay of Pharmaceutical Packaging
  • Blister Packaging on Rise in the Pharmaceutical Sector
  • Increasing Use of Blow/Fill/Seal Technology in Pharmaceutical Packaging Applications
  • Demand Remains Consistent for Aseptic & Sealing Equipment in Pharmaceutical Industry
  • Rise of Smart Packaging in Pharmaceutical Sector Influences Equipment Demand
  • Demand Rises for Integrated and Flexible Packaging Equipment in Pharma Industry
  • Automated Packaging Equipment Support Market Growth
  • Labeling & Serialization Equipment Segment Benefits from Increased Focus on Preventing Counterfeiting of Drugs
  • Equipment for Small Batch Production & Research Purposes Find Favor
  • Evolving Technologies and Trends Impact Growth in Pharmaceutical Manufacturing & Packaging Equipment Market
  • Shift Towards Specialized Therapies and Biopharmaceuticals Influences Market
  • Rising Demand for Equipment with Complex, Integrated Capabilities
  • Equipment Manufacturers Striving to Address Major Industry Challenges
  • Increasing Use of Robots
  • Evolving and Complex Drug Formulations Lead to Packaging Equipment Innovations
  • Biopharmaceuticals Drive Innovations in Pharma Packaging Equipment Market
  • Pharmaceutical Packaging Equipment Vendors Bet on Innovations to Stay Afloat
  • Persistent Increase in Pharmaceutical R&D Bodes Well for Packaging Equipment Manufacturers
  • Strict Regulatory Standards for Packaging & Need to Eliminate Counterfeit Products Influence Equipment Development
  • Regulatory Uncertainty Makes Compliance Challenging
  • Inclination Towards Refurbished Equipment Emerges as a Threat to Pharma Packaging Equipment Market
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Pharmaceutical Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Pharmaceutical Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Pharmaceutical Packaging Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Primary Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Primary Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Primary Packaging Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Secondary Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Secondary Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Secondary Packaging Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Labeling & Serialization Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Labeling & Serialization Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Labeling & Serialization Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Liquid Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Liquid Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Liquid Packaging Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Solid Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Solid Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Solid Packaging Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Semi-Solid Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Semi-Solid Packaging Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Semi-Solid Packaging Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Pharmaceutical Packaging Equipment Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Pharmaceutical Packaging Emerges as a Promising Category in the US Packaging Machinery Market
  • Validation Compliance of Machinery to Gain Importance
  • CANADA
  • JAPAN
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • China’s Drug Contract Manufacturing Augurs Well for Packaging Equipment Makers
  • EUROPE
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Europe Pharmaceutical Packaging Market: A Prelude
  • FRANCE
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Indian Pharmaceutical Equipment Market: Poised for Growth
  • India’s Emergence as a Hub of Pharmaceutical Manufacturing Supports Growth in Packaging Equipment Market
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • GEA Group AG
  • Coesia SpA
  • ACG Worldwide
  • Accutek Packaging Equipment Companies, Inc.
  • Glatt GmbH
  • Berry Global, Inc.
  • CAM (Tecnicam Srl)
  • Filamatic
  • Groninger & Co. GmbH
  • Bausch+Strobel Maschinenfabrik Ilshofen GmbH+Co. KG
  • Brevetti C.E.A. Spa
  • Busch Machinery
  • E-PAK Machine , Inc.
  • Brandster Branding Limited
  • Apricot Technologies Limited