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Pharmaceutical Packaging Equipment - Global Market Trajectory & Analytics

  • ID: 4805759
  • Report
  • February 2022
  • Region: Global
  • 576 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ACG Worldwide
  • Coesia S.P.A.
  • IMA S.P.A.
  • Körber AG
  • MG2 S.r.l.
  • Romaco Holding GmbH

Global Pharmaceutical Packaging Equipment Market to Reach $14.3 Billion by 2026


Pharmaceutical packaging equipment ensures quality and safety of pharmaceutical products. The equipment is commonly used for primary and secondary packaging along with coding and labeling of pharmaceutical drugs. Growth in the global market is closely tied with overall health of the pharmaceutical industry. The market has been exhibiting notable growth due to confluence of several factors such as increasing healthcare awareness, new drug approvals, rising healthcare spending and buoyant market for biopharmaceuticals and generics. The demand for packaging equipment is further propelled by regulations pertaining to tracing and serialization of products. The advent of novel biochemical compounds and drug delivery systems along with innovations in pharmaceuticals like blow fill seal vials, prefilled syringes and powder applications are influencing the demand for packaging equipment. The market growth is bolstered by expansion of the generic and OTC drugs market, strong demand for integrated, flexible and automated packaging equipment, and enforcement of stringent packaging regulations to discourage counterfeit products.

Amid the COVID-19 crisis, the global market for Pharmaceutical Packaging Equipment estimated at US$8.2 Billion in the year 2020, is projected to reach a revised size of US$14.3 Billion by 2026, growing at a CAGR of 9.3% over the analysis period. Primary Packaging Equipment, one of the segments analyzed in the report, is projected to record a 9.5% CAGR and reach US$12.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Secondary Packaging Equipment segment is readjusted to a revised 8.7% CAGR for the next 7-year period. The rising demand for primary packaging equipment can be credited to the ease of shelving and handling of various pharmaceutical products and development of novel drugs and delivery options along with increasing focus of quality control and compliance to stringent regulations. Secondary packaging equipment is utilized for branding as well as display of the production.



The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $2.1 Billion by 2026


The Pharmaceutical Packaging Equipment market in the U.S. is estimated at US$2.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2026 trailing a CAGR of 10.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 8.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR. Europe remains at the forefront of market growth, as a result of increasing pharmaceutical production and rising adoption of flexible packaging equipment by leading pharmaceutical companies. The regional market is fueled by ongoing efforts by participants to diversify their products using innovative packaging. North America is another major market, due to launch of various products with specific packaging needs. The region benefits from the presence of major pharmaceutical companies such as Pfizer and Novartis, availability of advanced technological research platforms, include the increasing funding towards research and development and increased government support. Asia-Pacific region is expected to witness high growth due to expansion of the pharmaceutical industry, increasing pharmaceutical production, a sizeable patient pool, rising consumer awareness and the need for novel packaging materials.

Labeling & Serialization Equipment Segment to Reach $637.8 Million by 2026


Labeling & serialization machinery is anticipated to grow at a significant pace, owing to enforcement of stringent environmental and labeling regulations, and a growing need for product traceability, arising from rising overseas shipments and Internet-based procurement. Need for tracking packages shipped worldwide through the rapidly growing RFID technology, increasing requirement to ensure safety of products, and increasing labeling and marking requirements are poised to bolster demand for labeling and serialization machinery in the pharmaceuticals sector. In the global Labeling & Serialization Equipment segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$314.3 Million in the year 2020 will reach a projected size of US$524 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$59.6 Million by the year 2026, while Latin America will expand at a 8.1% CAGR through the analysis period.

Select Competitors (Total 98 Featured) -

  • Accutek Packaging Equipment Companies, Inc.
  • ACG Worldwide
  • Bausch+Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG
  • BREVETTI CEA S.P.A
  • Coesia S.P.A.
  • GEA Group AG
  • IMA S.P.A.
  • Inline Filling Systems
  • Körber AG
  • Maquinaria Industrial Dara SL
  • Marchesini Group S.P.A
  • MG2 S.r.l.
  • Mutivac Group
  • Optima Packaging Group GmbH
  • Romaco Holding GmbH
  • Syntegon Technology GmbH
  • Uhlmann Group
  • Vanguard Pharmaceuticals Machinery, Inc.
Frequently Asked Questions about the Global Market for Pharmaceutical Packaging Equipment

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

The Global Market for Pharmaceutical Packaging Equipment was estimated to be valued at $8.2 Billion in 2020.

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

The growth rate of the Global Market for Pharmaceutical Packaging Equipment is 9.7%, with an estimated value of $14.3 Billion by 2026.

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

The Global Market for Pharmaceutical Packaging Equipment is estimated to be worth $14.3 Billion by 2026.

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

Key companies in the Global Market for Pharmaceutical Packaging Equipment include Accutek Packaging Equipment Companies, Inc., ACG Worldwide, Bausch+Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG, BREVETTI CEA S.P.A, Coesia S.P.A., GEA Group AG, IMA S.P.A., Inline Filling Systems and Maquinaria Industrial Dara SL.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACG Worldwide
  • Coesia S.P.A.
  • IMA S.P.A.
  • Körber AG
  • MG2 S.r.l.
  • Romaco Holding GmbH

I. METHODOLOGY


II. 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


III. MARKET ANALYSIS

UNITED STATES

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 2022 (E)

CHINA

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2022 (E)
  • Europe Pharmaceutical Packaging Market: A Prelude

FRANCE

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (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 2022 (E)

BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Pharmaceutical Packaging Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 98
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Accutek Packaging Equipment Companies, Inc.
  • ACG Worldwide
  • Bausch+Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG
  • BREVETTI CEA S.P.A
  • Coesia S.P.A.
  • GEA Group AG
  • IMA S.P.A.
  • Inline Filling Systems
  • Körber AG
  • Maquinaria Industrial Dara SL
  • Marchesini Group S.P.A
  • MG2 S.r.l.
  • Mutivac Group
  • Optima Packaging Group GmbH
  • Romaco Holding GmbH
  • Syntegon Technology GmbH
  • Uhlmann Group
  • Vanguard Pharmaceuticals Machinery, Inc.
Note: Product cover images may vary from those shown