Global Pharmaceutical Packaging Equipment Market Report and Forecast 2024-2032

Global Pharmaceutical Packaging Equipment Market Outlook

The global pharmaceutical packaging equipment market size attained a value of approximately USD 8.60 billion in 2023. The market is further projected to grow at a CAGR of 7.1% in the forecast period of 2024-2032, reaching a value of around USD 15.93 billion by 2032.

Key Trends in the Market

Pharmaceutical packaging equipment refers to the various devices and machines used for the packaging of pharmaceutical and nutraceutical products, ensuring security of packaged materials and accurate measurement. Depending upon the form of the pharmaceutical and its packaging requirements, the type of pharmaceutical packaging equipment may vary. Pharmaceutical packaging equipment can be used for primary packaging, secondary packaging, or labelling and serialising.

• Increasing prevalence of various health conditions and improvements in pharmaceutical effectiveness are surging the pharmaceutical packaging equipment market growth. As more healthcare providers worldwide prescribe pharmaceuticals to patients, the demand for pharmaceutical packaging equipment is anticipated to surge to improve production capacities and meet patient requirements.

• Diversification is pharmaceutical product types is a key trend influencing the market for pharmaceutical packaging equipment. Pharmaceutical products are being developed in forms such as tablets, capsules, powders, syrups, solutions, creams, and lotions, which require specialised pharmaceutical packaging equipment for secure packaging.

• Various regulations are in place regarding equipment used for pharmaceutical packaging, ensuring that safety of pharmaceuticals is maintained. This is leading to an augmented pharmaceutical packaging equipment market demand as pharmaceutical manufacturers invest in new equipment that meets regulations, prevents contamination,  and functions as intended.

Market Analysis

Based on product, the market is divided into primary packaging equipment, secondary packaging equipment, and labelling and serialisation equipment. On the basis of packaging type, the market is classified into liquids packaging equipment, solid packaging equipment, and semi-solid packaging equipment. By equipment type, the pharmaceutical packaging equipment market segmentation is blenders, granulators, tablet pressers, tablet coating machine, and allied machines. Based on mode of administration, the market is categorised into injectable administration, topical administration, and oral administration. The regional markets for pharmaceutical packaging equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the pharmaceutical packaging equipment global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Maquinaria Industrial Dara, S.L.

• BNP Media, Inc

• Romaco S.r.L

• Marchesini Group S.p.A.

• I.M.A. Industria Macchine Automatiche S.p.A.

• Uhlmann Pac-Systeme GmbH & Co KG

• Vanguard Pharmaceutical Machinery, Inc.

• MULTIVAC Sepp Haggenmüller SE & Co. KG

• ACG

• RAONXENA Co., LTD.

• Others

Market Share by Product

Primary packaging equipment, by product, occupy a sizable portion of the pharmaceutical packaging equipment market share. This can be attributed to the heightened importance of robust primary packaging so as to protect contents from environmental factors and any form of degradation. Any chance in properties of pharmaceuticals can negatively influence the effectiveness of the product, ranging from limited efficiency to damage to health. Accordingly, there is a greater focus on robust primary packaging equipment. The growing need for aseptic filling as well as sealing of drug molecules into sterilised and stable containers, and prefilled syringes and parenteral vials are further bolstering the demand for primary packaging equipment.

Market Share by Region

Regionally, the Asia Pacific accounts for a significant share of the global pharmaceutical packaging equipment market driven by the expansion of the pharmaceutical sector and increasing focus on localised production capacities. With large populations, governments of countries in the region are increasingly investing in towards improvements in healthcare infrastructure, including improving supply of pharmaceuticals through increased production. As healthcare systems evolve, a wider range of pharmaceuticals are being prescribed to the public due to which countries are establishing pharmaceutical production and packaging facilities. Expansion of global market players in the Asia Pacific region with setup of manufacturing facilities in countries such as India and China, are further anticipated to aid the growth of the regional pharmaceutical packaging equipment market.

Competitive Landscape

Maquinaria Industrial Dara, S.L., founded in 1997 and currently based in Granollers, Spain, offers advanced technological equipment to pharmaceuticals, biotechnology, reagents, and beauty sectors. They manufacture complete equipment lines as well as stand-alone equipment, including handling systems, batch production equipment, and sterilisation systems.

Romaco S.r.L, headquartered in Karlsruhe, Germany, and established in 2000 is a leading supplier of equipment to the pharmaceutical sector, with a reach that extends globally. The company offers integrated solutions, systems, and machinery for developing, producing, and packaging various pharmaceuticals, nutraceuticals, chemicals, cosmetics, and food products.

Marchesini Group S.p.A., founded in 1974, specialises in the manufacturing, designing and production of machines for packaging. Based in Bologna, Italy, the company machine lines for pharmaceutical solutions include aseptic, liquid, inspection, solid, powder, cream, secondary packaging, end of line, and labelling and serialisation.

Other market players include BNP Media, Inc, I.M.A. Industria Macchine Automatiche S.p.A., Uhlmann Pac-Systeme GmbH & Co KG, Vanguard Pharmaceutical Machinery, Inc., MULTIVAC Sepp Haggenmüller SE & Co. KG, ACG, and RAONXENA Co., LTD., among others.

Key Highlights of the Report