The Global Pharmaceutical
Packaging Equipment Market, by Product (Primary Packaging Equipment,
Secondary Packaging Equipment, and Labeling and Serialization Equipment) by
Type (Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid
Packaging Equipment, and Other Products Packaging Equipment), by End User
(Pharmaceutical Manufacturing, Contract Packaging, Retail Pharmacy,
Institutional Pharmacy, and Others), and by Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa) was valued US$ 7.3
Billion in 2018, and is projected to exhibit a CAGR of 8.2% during the forecast
period (2018 - 2026) as highlighted in a new report published by.
Pharmaceutical packaging protects
products from physical, chemical, and microbiological damage. It is also a
medium to present ads and useful details to consumers. In pharmaceutical
packaging, customers always prefer efficient packaging that can maintain the
quality of the product. Pharmaceutical packaging is very sensitive towards
outdoor elements such as light and moisture. For instance, in May 2018,
Italy-based IMA Group companies- IMA Life and IMA Active, a companies engaged
in design and manufacturing of automatic machines for the processing and
packaging of pharmaceuticals, cosmetics, food, tea and coffee–introduced new
sales team in India that focuses on sales and services of solid dose, aseptic
processing, filling technology, and freeze-drying solutions. During the launch
of these equipment, the company dedicated its special focus on marketing of
Quantum, a new non-invasive technique capable of performing quantitative
real-time process measurements that was applied to freeze drying and to
continuous freeze drying process.
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Browse 26 Market Data Tables and
31 Figures spread through 188 Pages and in-depth TOC on "Pharmaceutical
Packaging Equipment Market, by Product (Primary Packaging Equipment, Secondary
Packaging Equipment, and Labeling and Serialization Equipment), by Type
(Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging
Equipment, and Other Products Packaging Equipment), by End User (Pharmaceutical
Manufacturing, Contract Packaging, Retail Pharmacy, Institutional Pharmacy, and
Others), and by Region (North America, Latin America, Europe, Asia Pacific,
Middle East, and Africa) - Global Forecast to 2026"
Furthermore, key players in the
pharmaceutical packaging equipment market are focused on introducing innovative
equipment, which offer improved accessibility and speed in pharmaceutical
packaging processes. For instance, in December 2018, JVM — a subsidiary of
Hanmi Pharmaceutical — introduced NS20 — a pharmaceutical packaging machine,
which can prevent packaging errors of pharmaceuticals while speeding up the
automatic dispensing procedure and can save wrapping paper. NS20 is based on
ACRS- III technology, which automatically recognizes the position of a canister
containing a drug. The platform automatically stops packaging when it detects
the wrong medication during preparation. The NS20 model is suitable for large
pharmacies and hospital pharmacies and comes with the latest automatic sensor
and communication technology ACRS-III and ATDPS — a conventional automatic
medicine classification and packaging system.
Key Takeaways of the
Pharmaceutical Packaging Equipment Market:
The global pharmaceutical
packaging equipment market is expected to witness a CAGR of 8.2% during the
forecast period (2018 – 2026), owing to increasing need for flexible and
integrated packaging equipment
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Report: https://www.coherentmarketinsights.com/market-insight/pharmaceutical-packaging-equipment-market-2799
Among product, the primary
packaging equipment segment accounted for major market share in 2017. This is
mainly attributed to the ease of handling offered by primary pharmaceutical
packaging equipment, development of novel forms of drug delivery and
biopharmaceuticals, and the increasing norms of and quality criteria.
Furthermore, primary packaging performs the central function to protect and
preserve products from damage, external hindrance or contamination, spoilage,
and chemical imbalances. Primary packaging also helps to store products for
long durations and keeps the product completely sealed from the surroundings.
Among type, liquids packaging
equipment segment accounted for major market share in 2017. Reagents and kits
are integral and inevitable part of pharmaceutical packaging. The demand for
reagents and kits is high, owing to their increasing adoption in diagnosis and
treatment regime of infectious disease such as HIV diagnostic assay,
tuberculosis infection, Zika virus infection, among others. Moreover, high
demand for complex formulations, increasing incidences of eye disorders, and
development of novel drug delivery systems is expected to boost growth of the
segment.
Among end user, pharmaceutical
manufacturing segment held major market share in 2017, and is expected to
retain its dominance throughout the forecast period. This is mainly due to the
presence of in-house packaging facilities in the manufacturing locations of
industry participants. Pharmaceutical manufacturing incurs major demand for
packaging equipment due to high end-use consumption of packaging products.
Some of the major players
operating in the global pharmaceutical packaging equipment market include,
Robert Bosch GmbH, Industria Macchine Automatiche S.p.A., Marchesini Group
S.p.A., Korber AG, MG2 s.r.l., Accutek Packaging Equipment Companies, Inc.,
Vanguard Pharmaceuticals Machinery, Inc., Romaco Pharmatechnik GmbH, Bausch +
Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG, and OPTIMA Packaging Group GmbH
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