Pharmaceutical Packaging Machines Market Size, Share, Growth and Industry Analysis by Type (Primary Packaging Machine, Secondary Packaging Machine, And Labelling and Serialization Machine) By Application (Liquids Packaging, Solids Packaging, Semi-Solids Packaging, And Other Products Packaging) Regional Forecast To 2031

Updated On: 01 April 2024

Pharmaceutical Packaging Machines Market Report Overview

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The pharmaceutical packaging machines market size is anticipated to be worth USD 8.1083 billion in 2022 and the market is projected to touch USD 11.11736 billion by 2030 with a CAGR of 4.0% during the forecast period. The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.

Pharmaceutical packaging is also known by the name of drug packaging. Pharmaceutical packaging is used for covering or packing pharmaceutical preparations and drugs. This completely involves steps from production of drugs to sending them to drug distribution channels. Pharmaceutical packaging has a lot of advantages. 

Increasing generic diseases and the need find cure to these diseases has positively influenced the market. Good quality packaging and the protection provided by them to the drugs is proving these equipments to be useful. This is considered as the latest trend in the market.

Active pharmaceutical ingredients are gaining more prevalence. Several types of packaging are available and are required for different types of medications. These are factors driving the market growth.

COVID-19 impact: Increase in Consumption of Drugs During Pandemic Increased Market Growth

Many industries saw a decline in the demand for their products when the pandemic broke out. It abruptly disrupted the functioning of all the markets. Along with this the pandemic brought a major health crisis. Many people suffered from diseases.

During the pandemic consumption of drugs and medicines increased significantly. This aided the growth of pharmaceutical packaging machines market growth. Another reason was the increase in the manufacturing of drugs. Increased demand for the product increased the sales. All these factors resulted in market development during pandemic.

LATEST TRENDS

"Increasing Generic Diseases to Increase the Market Growth"

The increase in generic diseases in the past few decades has fueled the revenue of the market. Many novel drugs have been introduced in the market for the cure of such chronic diseases. Many blockbuster drugs have given entry to the market along with their patents.

All of this will enable the manufacturing of low-cost generic counterparts. Growing production of pharmaceuticals in emerging economies is development in the market. Rising emphasis on life science infrastructure and initiatives taken up by key players have increased the pharmaceutical packaging machines market share.

Pharmaceutical Packaging Machines Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Primary packaging machine, secondary packaging machine, and, labeling and serialization machine. Primary packaging machine segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Liquids packaging, solids packaging, semi-solids packaging, and, other products packaging. The liquids packaging segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Growing Demand for Active Pharmaceutical Ingredient (API) to Accelerate Market Growth"

Growth of pharmaceutical packaging machine market is due to the development of Active Pharmaceutical Ingredient (API). An active ingredient is a substance that provides biologically active effect in a diagnosis or cure. Acetaminophen present in pain relief tablet is an example of a biological API.

Increasing quality of packaging has driven the demand for the product. A good and sturdy packaging will prevent many problems like contamination, and spoilage of the drugs. Cost effective and efficient packaging is being produced for delivery of formulated products in the medical sector. The above-mentioned reasons are accelerating the share of the market.

" Various Types of Packaging Done by Machines to Propel Market Growth "

There are several types of packaging done by the machines. Each type of packaging has its own advantage and is suitable for different purposes. Pharmaceutical packaging machines mainly perform two types of packaging which includes blister packaging, and strip packaging.

Blister packaging is one of the most widely used packaging in the medical sector. A tube filling machine is also very helpful in filling a drug on the basis of its mass, weight, and volume. It fills the medicine into a tube, sack, or a bottle. Strip packaging is primarily used for filling tablets in bottles. It is safe and considered to be highly reliable. It is very hygienic as well. Different methods are used for packing different kinds of drugs. The adaptability of these machines is contributing to market growth.

RESTRAINING FACTOR

"Less Certainty in Standards for Regulating Medicines to Decrease Market Growth"

There are always uncertainties regarding the standards and regulations of medicines and drugs. This can make the market highly dynamic. When there are sudden changes in rules and regulation given by the government it becomes highly difficult for the manufacturers to adopt them.

There are always chances of new rules being introduced in the market. Pharmaceutical industry is highly dependent on raw materials. During market instability the price of these raw materials can fluctuate to great extent. Low investing capabilities of small companies can also obstruct the operation of the market.  This can act as a major factor restraining the market growth. 

Pharmaceutical Packaging Machines Market Regional Insights

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"Asia Pacific to Dominate Market Share in The Upcoming Years"

Asia Pacific holds the highest market share in the pharmaceutical packaging machines market. The presence of many laboratories in this region is considered to be a major factor supporting the market growth. Government of many countries support the initiative taken up by pharmaceutical packaging machines companies.  

The support from government and flow of funds to increase the quality of packaging is growing the market. Pharmaceutical packaging provides protection and prevents any damage to the medicines. The advantages of using packaging machines has propelled the pharmaceutical packaging machine market share.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• IMA (India)
• Bosch (Germany)
• Uhlmann (Germany)
• Körber AG (Germany)
• Multivac (Germany)
• Marchesini Group (Italy)
• Coesia Seragnoli (Italy)
• Optima (Italy)
• Bausch & Strobel (Canada)
• Mutual (U.S.)
• Truking (China)
• Gerhard Schubert (U.S.)
• Romaco (China)
• CHINASUN (China)
• CKD Corporation (Japan)
• Hoong-A Corporation (South Korea)
• MG2 (U.S.)
• SHINVA (China)
• ACG (India)
• Heino Ilsemann (Germany)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations