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Redding, California - August 14, 2024

Pharmaceutical Processing and Packaging Equipment Market to be Worth $30.8 Billion by 2031

Pharmaceutical Processing and Packaging Equipment Market Size, Share, Forecast, & Trends Analysis by Formulation (Oral, Parenteral) Secondary Packaging (Cartoning, Labelling) End-of-line Packaging (Palletizing, Case Packaging) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Pharmaceutical Processing and Packaging Equipment Market Size, Share, Forecast, & Trends Analysis by Formulation, Secondary Packaging, End-of-line Packaging—Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the pharmaceutical processing and packaging equipment market is expected to reach $30.8 billion by 2031, at a CAGR of 5.3% during the forecast period. The growth of this market is driven by several factors, including the increasing prevalence of chronic and infectious diseases, rising demand for generic medicines, an aging population, and a growing need for biopharmaceuticals. Additionally, stringent regulations, the demand for more flexible manufacturing solutions, and a trend toward outsourcing manufacturing operations are contributing to market expansion. However, the growing acceptance of refurbished equipment may pose a limitation to this growth.

Furthermore, the expansion of domestic pharmaceutical production capacity, rising pharmaceutical R&D expenditures, and increasing use of personalized medications and self-medication are likely to drive market growth. However, changing industry needs due to the continually evolving pharmaceutical field provide a hindrance to the market's growth.

Key Players

Some of the major players studied in this report are ACIC Pharmaceuticals, Inc. (Canada), Bausch+Ströbel (Germany), IDEX Corporation (U.S.), JECKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Körber AG (Germany), KORSCH AG (Germany), Mettler-Toldeo International, Inc. (U.S.), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), Optel Group (Canada), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), Wenzhou Trustar Machinery Technology Co., Ltd (China), SaintyCo (China), ACG (India), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A. (Italy), Cadmach Machinery Co. Pvt. Ltd (India), CAM Packaging IT (Italy), Coesia S.p.A. (Italy), Fette Compacting (Germany), Freund Corporation (Japan), GEA Group (Germany), Glatt GmbH (Germany), LINXIS GROUP (France), Harro Höfliger Verpackungsmaschinen GmbH (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy), Uhlmann Group Holding Gmbh & Co. KG (Germany), Truking Technology Limited (China), and Tecnomaco Italia SRL (Italy).

Pharmaceutical Processing and Packaging Equipment Market: Future Outlook

The pharmaceutical processing and packaging equipment market is segmented based on type (Pharmaceutical Processing and Primary Packaging Equipment [Oral Formulations, Parenteral Formulations, Topical Formulations, Other Formulations], Pharmaceutical Secondary Packaging Equipment [Cartoning Equipment, Carton Labeling & Serialization Equipment, Wrapping Equipment, Other Secondary Packaging Equipment], Pharmaceutical End-of-line Packaging Equipment [Pharmaceutical End-of-line Packaging Equipment, Palletizing and De-Palletizing Equipment, Other End-of-line Packaging Equipment]), and Geography. This study also evaluates industry competitors and analyzes the market at the regional and country levels.

Among the types studied in this report, Among the types covered in this report, in 2024, processing equipment is expected to account for the major share of 51.8% of the pharmaceutical processing and packaging equipment market. This segment’s large market share can be credited to the rapid absorption of oral liquid dosages compared to solid dosages, along with their high preference among geriatric and pediatric populations due to the ease of consumption of oral liquid dosages, which drives the demand for the processing equipment.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of the markets in North America (U.S., Canada), Europe (Germany, France, Italy, Belgium, Switzerland, U.K., Spain, Ireland, Denmark, Rest of Europe), Asia–Pacific (India, China, Japan, Australia, South Korea, Rest of Asia–Pacific), Latin America (Brazil, Mexico, Rest of Latin America), Middle East & Africa. In 2024, North America is expected to account for the largest share of 35.9% of this market, followed by Europe and Asia-Pacific. North America's substantial market share is primarily driven by increased pharmaceutical spending and U.S. government initiatives aimed at enhancing domestic drug manufacturing. Additionally, pharmaceutical manufacturers' expansion plans to address future medicine demands and the growing exports of pharmaceuticals are anticipated to further boost the demand for pharmaceutical processing and packaging equipment in the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5021

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type and region/country?
What was the historical market size for pharmaceutical processing & packaging equipment across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the pharmaceutical processing & packaging equipment market?
Who are the major players operating in the pharmaceutical processing & packaging equipment market?
What is the competitive landscape like?
What are the recent developments in the pharmaceutical processing & packaging equipment market?
What are the various strategies adopted by major players in the pharmaceutical processing & packaging equipment market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - August 14, 2024

Pharmaceutical Processing and Packaging Equipment Market to be Worth $30.8 Billion by 2031

Pharmaceutical Processing and Packaging Equipment Market Size, Share, Forecast, & Trends Analysis by Formulation (Oral, Parenteral) Secondary Packaging (Cartoning, Labelling) End-of-line Packaging (Palletizing, Case Packaging) - Global Forecast to 2031

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