Pharmaceutical Packaging Equipment Market boosting production rate by 2025

Global Pharmaceutical Packaging Equipment Market: Snapshot

Packaging of pharmaceutical products is considered to be a very crucial element for the pharmaceutical industry because such packaging ensures the quality and safety of drugs that it contains. As such, it is estimated that there will be a constant requirement for pharmaceutical packaging equipment in the industry of pharma. As opposed to the packaging systems that are available in the world today, pharmaceutical packaging equipment are flexible, modern, and automated and it comprises secondary and primary packaging equipment, and serialization and labeling equipment. This helps in the reduction of the time for packaging thereby boosting production.

Some of the main factors that fuel the growth of the world market for pharmaceutical packaging equipment comprise increased investments in biopharmaceutical research, increase in the funding for generics across the globe, and cost containment in pharmaceuticals. The technological advancements that pertain to serialization and labeling solutions are foreseen to stimulate the growth of the world market for pharmaceutical packaging equipment.

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There is a certain market trend that pertains to the world market for pharmaceutical packaging equipment. The development of production lines for research purposes and for small batch size, constant increase in the focus of pharmaceutical manufacturers to curb their operational costs together with augmented focus on the serialization and labeling for anti-counterfeiting of various drugs define the key trends that are linked to the said market. However, rising inclination towards refurbished pharmaceutical packaging equipment as a feasible option to new packaging equipment with high costs is prognosticated to hamper the growth of the world market for pharmaceutical packaging equipment market to some extent.

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Pharmaceutical Packaging Equipment Market: Overview

The global pharmaceutical packaging equipment market is estimated to witness a healthy growth in the coming years. Some of the key factors encouraging the growth of the market include cost containment in pharmaceuticals, rise in the funding for generics, and growing investments in biopharmaceutical research. The technological advancements in labeling and serialization solutions are anticipated to boost the growth of the global pharmaceutical packaging equipment market. Rising emphasis on labeling and serialization to counter the problem of counterfeiting of medicines will fuel the demand for pharmaceutical packaging equipment. The market however faces one challenge. The threat from being substituted by refurbished packaging equipment is present in the market. Refurbished packaging equipment is a viable alternative to new packaging equipment, which costs high. This is likely to restrain the growth of the market.

Pharmaceutical Packaging Equipment Market: Key Trends

Some of thy key trends observed in the market are increasing investments in the manufacturing sector by players and consistent technological innovation taking place in the global pharmaceutical packaging equipment market. The flourishing pharmaceutical industry is directly responsible for the growth of the pharmaceutical packaging equipment market. Rising incidences of diseases and infections are pushing the pharmaceutical industry to grow, which in turn is pushing the demand for pharmaceutical packaging equipment. The market for pharmaceutical packaging equipment is especially slated to witness a high growth in developing nations such as China and India as these countries do not have high import duties. The need for inexpensive manufacturing facilities is making developing nations in Asia Pacific, a potential market for pharmaceutical packaging equipment.

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Pharmaceutical Packaging Equipment Market: Market Potential

Packaging of pharmaceutical product is extremely vital for the pharmaceutical industry as packaging enables safety and quality of drugs. Thus, there will always be a demand for pharmaceutical packaging equipment in the pharma industry. In contrast with conventional packaging systems, pharmaceutical packaging equipment are automated, modern, and flexible, including primary packaging and secondary equipment, and labeling and serialization equipment. This helps in reducing the time for packaging, boosting production.

Companies such as Robert Bosch Gmbh participate in innovation and develop new products, which is creating a positive outlook for the market. The company recently launched a new Sigpack VPF vertical flat pouch machine and also a HML horizontal flow wrapping machine. The former is developed to pack powders by producing sachets that can pack pain killers in powder form. The machines enables the production of sealed packages and can fill up to 1500 sachets per minute.

Pharmaceutical Packaging Equipment Market: Regional Outlook

The report segments the global pharmaceutical packaging equipment market on the basis of geography into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. North America led in the global pharmaceutical packaging equipment market on account of advancements in the pharmaceutical industry and economic growth of the region. The patent expirations of a number of drugs will also help the market in the region to grow.

Pharmaceutical Packaging Equipment Market: Competitive Landscape

The global pharmaceutical packaging equipment market is highly fragmented. The market is characterized by the presence of several local, regional, and multinational players. Some of the players in the market are: IMA S.p.A. (Italy), Robert Bosch GmbH (Germany), Körber AG (Germany), Multivac Group (Germany), Marchesini Group S.p.A. (Italy), Romaco Pharmatechnik GmbH (Germany), and OPTIMA Packaging Group GmbH (Germany). Key players in the market are striving for innovation so as to maintain their shares in the competitive market.

Advances in Serialization Solutions Bolster Uptake of Pharmaceutical Packaging Equipment

San Francisco, California, February 26, 2018: The striking strides being experienced by the pharmaceutical manufacturing sector in various parts of the world is a factor potential driving the pharmaceutical packaging equipment market. Riding on the back of burgeoning investment in biopharmaceutical research and development activities in developing and developed regions, the market is expected to witness vast prospects in the coming years. A new report penned by TMR Research, titled, “Pharmaceutical Packaging Equipment Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, offer comprehensive insights into various dynamics, key trends and factors, and opportunities influencing the current and future outlook of the market.

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Bustling with opportunities, the pharmaceutical packaging equipment market is projected to rise at an impressive pace during the forecast period of 2017–2025. The study elaborately analyzes the impact of regulatory landscape on emerging avenues and evaluates the competitive landscape in major regions. The rising need for precise and reliable filling of high viscosity liquids in the pharmaceutical industry is a notable factor bolstering the demand for packaging equipment. Substantial investments in adopting novel drug delivery techniques and in generics are noteworthy factors aiding in the rapid expansion of the market.

Recent technological advancements in labeling and serialization solutions for pharmaceutical products bodes well for the demand for pharmaceutical packaging equipment. The advent of serialization-enabled high-speed labeling and coding systems in the industry is a notable factor accentuating the growth of the market. The role of these systems in pharmaceutical manufacturing sector to combat the problem of counterfeit medicines is a prominent factor catalyzing the growth of the market.

Intense efforts by players world over to contain cost of drug manufacturing are positively impacting the pharmaceutical packaging equipment market. A rising focus on patient compliance has spurred investment on advanced packaging of pharmaceutics, which is a noteworthy factor accentuating the market. Strict regulations on drug packaging being implemented by pharmaceutical manufacturers in various parts of the world will help in the swift expansion of the market. The market is also expected to immensely benefit from patient compliance mandates in a number of developing and developed nations.

The growing prevalence of diseases and infections are providing a robust push to drug development activities, thereby boosting the market. The role of robust pharmaceutical packaging equipment in ensuring safety of drugs is of vital concern and contributing to the growth of the market. The use of refurbished packaging equipment, attributed to its low cost, is a crucial factor eating away the revenue of players in the pharmaceutical packaging equipment market. The surging rise in prices of pharmaceutical packaging equipment may also cripple their demand in low-income countries. Nevertheless, the advent of automated and flexible primary packaging and secondary pharmaceutical packaging equipment is creating lucrative avenues for market players. A thriving pharmaceutical industry in various parts of the world will also create promising prospects in the market over the assessment period.

Regionally, North America could be a potential market for pharmaceutical packaging equipment. The growth of the regional market is likely to be fueled by the rising drug making activities, soaring investments in biopharmaceutical research, and a robust manufacturing sector. Meanwhile, emerging markets such as in Asia Pacific will be key to substantial attractive prospects for market players to capitalize on. Some of the other key regional markets for pharmaceutical packaging equipment could be Europe, Latin America, and the Middle East & Africa.

The global pharmaceutical packaging equipment market is likely to be fairly fragmented. Prominent players operating in the market include OPTIMA Packaging Group GmbH, Romaco Pharmatechnik GmbH, Marchesini Group S.p.A., Multivac Group, Körber AG, Robert Bosch GmbH, and IMA S.p.A.