The Pharmaceutical Processing and Packaging Equipment Market is expected to grow at a CAGR of 4.5% from 2021 to 2028 and is expected to reach $25.2 billion by 2028. Pharmaceutical processing and packaging equipment are used for different operations in processing such as blending, mixing, granulating, milling, cleaning, and sterilizing; and in packaging such as filling, counting, and labeling.
Significant growth in the pharmaceutical market can be attributed to the increasing burden of chronic & infectious diseases amid the increasing geriatric population. The demand for contract manufacturing and flexible manufacturing further contributes to market growth.
The expansion of domestic manufacturing capacities of pharmaceuticals in various countries such as China, India, Malaysia, Indonesia, and UAE and the increase in the pharma R&D spending offer growth opportunities for the pharmaceutical processing and packaging market. However, the demand for refurbished equipment by small-sized companies is likely to hinder the market's growth.
COVID-19 Impact Assessment
The ongoing global COVID-19 pandemic has positively impacted the pharmaceutical processing and packaging equipment market. The COVID-19 pandemic increased the demand for therapeutics for fighting COVID-19. Several pharmaceutical manufacturers are expanding their manufacturing facilities due to the significant demand for vaccines and medicines for COVID-19. This strategy is expected to improve the demand for new equipment for processing and packing for COVID-19 therapies and vaccines.
COVID-19 had primarily disrupted the supply chain, owing to which pharmaceutical manufacturing was lagging in various countries. To tackle this situation, the public organizations of various countries have increased the domestic manufacturing of pharmaceuticals to decrease the dependence on imports.
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Growth in the Pharmaceutical Market is Projected to Drive the Demand for Pharmaceutical Processing and Packaging Equipment
The rise in the aging population is expected to increase the burden of chronic diseases leading to the demand for pharmaceuticals. The population aged 60 and above is likely to increase from 1 billion in 2020 to 2.1 billion by 2050. The rise in the geriatric population and subsequently growing prevalence of chronic diseases is expected to increase the demand for pharmaceuticals leading to the growth of the pharmaceutical processing and packaging equipment market.
The expiration of pharmaceutical patents leads to the launch of new generic drugs globally. Bystolic by AbbVie (U.S.), Lucentis by F. Hoffmann-La Roche AG (Switzerland), Northera by H. Lundbeck A/S (Denmark), Vascepa by Amarin Corporation (Ireland), and Narcan by Emergent BioSolutions Inc (U.S.) are some of the drugs losing patent exclusivity in the U.S. in 2021.
The rise in the R&D of pharmaceuticals is further contributing to the market's growth. According to the IFPMA, pharmaceutical R&D investments globally have increased significantly. As of 2020, the number of drugs in development collectively for cancer, immunology, infectious, and neurology diseases was estimated at around 6,900.
Increasing Demand for Flexible Manufacturing
Pharmaceutical manufacturers globally are shifting to flexible and modular processing and packaging equipment. Conventional manufacturing practices require more physical and financial resources, making it cost-intensive. This has led to the rise in the demand for new flexible and modular equipment for processing and packing pharmaceutical, thus contributing to the growth of the market.
Key Findings in the Global Pharmaceutical Processing and Packaging Equipment Market Study
Based on Mode of Delivery, in 2021, the Oral Formulations Segment is Estimated to Account for the Largest Share of the Market
Oral formulations do not require skilled personnel for the administration of the drugs. The administration is less painful and is more convenient and cost-effective, owing to which the preference for oral formulations is higher. Oral formulations include oral sold dosages and oral liquid dosages. The oral solid dosages segment is likely to register the fastest growth in the market during the forecast period.
In the Pharmaceutical Secondary Packaging Market, the Cartoning Equipment Segment is Expected to Hold the Largest Revenue Share
Cartons are considered as an ideal secondary packaging in terms of product handling. Cartoning equipment is used to pack the primarily packaged pharmaceuticals to provide an extra level of protection. It helps protect the products during shipment in a cost-effective & efficient way. Regulatory agencies, such as the U.S. FDA, also recommend using secondary packaging of pharmaceuticals such as cartons to protect the medicines from moisture, light, or any possible contaminants. In addition, cartons are also used to carry the product inserts or leaflets regarding the product, as required by regulatory guidelines.
In the Pharmaceutical End-of-Line Packaging Market, the Case Packaging Equipment Segment is Projected to Grow with the Fastest CAGR over the Forecast Period
Case packaging equipment is used in end-of-line packaging for casing the cartons in a series. It involves three steps—case erecting, case filing, and case sealing. All three steps are operated through a single piece of equipment. The need for faster packaging equipment to meet the growing demand for pharmaceuticals is driving the demand for case packaging equipment.
With the advent of serialization, case packaging also helps manufacturers effectively trace the drugs across the supply chain. The cases are provided with a Global Trade Item Number (GTIN), which helps accurately trace the products across the supply chain. Case tracing also assists in identifying counterfeit goods. Such factors are expected to increase the demand for case packaging equipment in the coming years.
Asia-Pacific: Fastest Growing Regional Market
The high volume of production and consumption of pharmaceuticals in Asia-Pacific countries, growing demand for generics, booming contract manufacturing industry, and favorable government policies aimed at boosting the domestic production of pharmaceuticals are likely to enhance the demand for pharmaceutical processing and packaging equipment.
To decrease the dependence on imports for pharmaceutical products, the countries in Asia-Pacific have increased the domestic manufacturing of pharmaceuticals. For instance, the Made in China initiative taken by the Chinese government also emphasizes increasing domestic manufacturing. Such initiatives are expected to drive market growth in Asia-Pacific.
Key Players
The report includes a competitive landscape based on extensive assessment of the key strategic developments that market participants adopted over the past three years. The market players profiled in the global pharmaceutical processing and packaging equipment market report are ACIC Pharmaceuticals Inc. (Canada), Bausch+Ströbel (Germany), IDEX Corporation (U.S.), JEKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Korber AG (Germany), KORSCH AG (Germany), M.A.R. Macchine Automatiche Riempitrici S.p.A(Italy), 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), Sainty Co(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 Pac-Systeme GmbH & Co. KG (Germany), Truking Technology Limited (China), and Tecnomaco Italia SRL (Italy).
Scope of the Report:
Pharmaceutical Processing and Packaging Equipment Market, by Product Type
- Processing Equipment
- Packaging Equipment
Pharmaceutical Packaging Equipment Market, by Type
- Primary Packaging Equipment
- Secondary Packaging Equipment
- End-of-Line Packaging Equipment
Pharmaceutical Processing and Primary Packaging Equipment Market, by Mode of Delivery
- Oral Formulations
- Oral Solid Dosages
- Processing Equipment
- Blending Equipment
- Fluidized Bed Machine
- Milling Equipment
- Compression/Press Equipment
- Capsule Making Equipment
- Capsule Filling Equipment
- Other Equipment
(Other processing equipment for oral solid dosages majorly includes inspection machines, dust extractors, and polishing machines)
- Primary Packaging Equipment
- Tablet Counting Equipment
- Blister Packaging Equipment
- Strip Packaging Equipment
- Powder Sachet Filling & Packaging Equipment
- Bottle Filling & Capping Equipment
- Bottle Labelling Equipment
- Oral Liquid Dosages
- Processing Equipment
- Sugar Charging / Transfer Systems
- Preparation Vessels, Melting Vessels, and Storage Tanks
- Stirrers and Homogenizers
- Filtration Units
- Others
(Other processing equipment for oral liquid dosages majorly includes transfer pumps and interconnect pipelines)
- Primary Packaging Equipment
- Bottle Filling & Capping Equipment
- Bottle Labelling Equipment
- Parenteral formulations
- Processing Equipment
- Mixing Equipment, Preparation Tanks, and Other Containers
- Process Systems (SVP, LVP)
- Filtration Units
- Sterilization Tunnels
- Clean-In-Place (CIP) and Steam-In-Place (SIP) System
- Aseptic Inspection Systems
- Other
(Other processing equipment for parenteral formulations majorly include debagging machines, nest unpackers, tray unpackers, tray-loading systems, buffering systems, and barrier systems)
- Primary Packaging Equipment
- Aseptic Filling Equipment
- Washing & Drying Equipment
- Nested Filling System
- Blow-Fill-Seal (BFS) Equipment
- Parenteral Labelling Equipment
- Topical Formulation
- Processing Equipment
- Planetary and Homogenizer Mixer
- Preparation Vessels, Reactors, and Storage Tanks
- Colloid Mills
- Agitator – Stirrer
- Other Equipment
(Other processing equipment for topical formulations majorly include milling equipment and sisters)
- Primary Packaging Equipment
- Tube Filling Equipment
- Cream Filling Equipment
- Sachet Packaging Equipment
- Other Formulations
- Processing Equipment
- Primary Packaging Equipment
- Blow-Fill-Seal (BFS) Equipment
- Pharmaceutical Spray Filling Equipment
- Other Equipment
(Other packaging equipment for other formulations majorly include bottle filling and sealing equipment, blister packaging equipment, and support packaging equipment)
(Other formulations majorly include trans-mucosal and inhalation drugs)
Pharmaceutical Secondary Packaging Equipment Market, by Product Type
- Cartoning Equipment
- Wrapping Equipment
- Carton Labelling & Serialization Equipment
- Other Equipment
(Other pharmaceutical secondary packaging equipment majorly includes checkweigher, pneumatic robotic pick and place, packaging conveyor lines, and others)
Pharmaceutical End-of-Line Packaging Equipment Market, by Product Type
- Case Packaging Equipment
- Palletizing and De-Palletizing Equipment
- Other Equipment
(Other pharmaceutical end-of-line packaging equipment majorly includes stretch wrapper and stretch-banding)
Pharmaceutical Processing and Packaging Equipment Market, by Geography
- North America
- Europe
- Switzerland
- Italy
- Germany
- U.K.
- France
- Ireland
- Spain
- Denmark
- Belgium
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- MEA
Key questions answered in the report: