The Pharmaceutical Packaging Equipment Market size was estimated at USD 9.60 billion in 2023 and expected to reach USD 10.34 billion in 2024, at a CAGR 8.01% to reach USD 16.47 billion by 2030.
The pharmaceutical packaging equipment market comprises a range of machinery, technology, and systems used for the enclosing and protection of pharmaceutical products such as tablets, capsules, and liquids, among others. This market is essential in ensuring the safe storage, transportation, and dispensing of pharmaceuticals throughout their lifecycle through the production and supply of efficient and reliable pharmaceutical packaging equipment. The constantly increasing pharmaceutical industry worldwide has created an increased need for effective packaging of drug delivery devices and blister packaging for pharmaceutical formulations. The improved health awareness and adoption of new regulatory standards for pharmaceutical packaging have also enhanced the adoption of advanced pharmaceutical packaging equipment. However, the rising packaging costs due to dynamic regulatory policies have limited the market demand for pharmaceutical packaging equipment. Additionally, safeguarding against counterfeit products has also emerged as a challenging factor for the market's growth. Moreover, the surging demand for primary pharmaceutical packaging and technological advancements in pharmaceutical packaging equipment are expected to create attractive opportunities for market growth in upcoming years.
Regional Insights
The advanced landscape of the pharmaceutical packaging equipment market in the Americas is driven by their immense adoption by major pharmaceutical companies and stringent regulatory standards set by agencies such as the Food and Drug Administration (FDA) and Health Canada. Asia is projected to witness rapid growth in the pharmaceutical packaging equipment market in the upcoming years due to the growing pharmaceutical manufacturing base and government initiatives investing in pharma production. Countries such as China, India, and Japan are at the forefront of this growth with their highly skilled workforce along with affordable labor costs driving production capabilities in these countries, and several international players are setting up manufacturing facilities in Asia owing to its strategic advantages. Europe has a long-standing history of innovation in pharmaceuticals that extends into its approach toward pharmaceutical packaging equipment as well. The region's focus on quality and safety has attracted numerous pharmaceutical packaging equipment manufacturers owing to the strict regulatory requirements enforced by agencies such as the European Medicines Agency (EMA), ensuring compliance with Good Manufacturing Practices(GMP). Key players operating in the European market portray a strong emphasis on research and development.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the Pharmaceutical Packaging Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
Rise in pharmaceutical production and export activities worldwide
Adoption of precision packaging and processing machinery for dosage accuracy
Need for cold chain packaging systems in the pharmaceutical industry
Market Restraints
Issues related to frequent maintenance and regulatory compliance of equipment
Market Opportunities
Emphasis on pharmaceutical serialization and trace & track requirements
Technological advancements in pharmaceutical packaging equipment
Market Challenges
Complexity of operating certain pharmaceutical packaging machines
Market Segmentation Analysis
Type: Exponential need for advanced primary packaging equipment to maintain drug potency and minimize contamination risks
Product: Need for cost-effective packaging equipment to pack liquid medications for precise dosing
Automation: Preference for automatic packaging equipment as an ideal choice in the pharmaceutical industry
End-User: High emphasis on automated, highly efficient, and sustainable equipment from CMOs and pharmaceutical packaging equipment companies
Market Disruption Analysis
Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pharmaceutical Packaging Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Pharmaceutical Packaging Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Delta ModTech and Frontier LLC Merge
Frontier LLC and Delta ModTech merged to combine Frontier's proficiency in coating and drying equipment with Delta ModTech's converting services. This merger solidifies Frontier's standing as a provider of top-notch pharmaceutical packaging equipment.
OCYONBIO Announces Strategic Agreement with Marchesini Group USA for the Purchase of Filling and Packaging Equipment
OCYONBIO, a contract development and manufacturing organization (CDMO) specializing in advanced therapies, entered into a strategic agreement with Marchesini Group. This agreement addresses OCYONBIO's clients' sterile filling requirements for vials, syringes, and cartridges by acquiring state-of-the-art packaging equipment from the Marchesini Group.
TurboFil Packaging Machines announces expansion at HQ
TurboFil Packaging Machines, a player in the design and development of liquid filling and assembly machines for the pharmaceutical packaging industry, expanded its product development and demonstration space at its headquarters in Mount Vernon, New York. This expansion has allowed the company to provide more innovative solutions to its customers across the United States and abroad. With an additional 50% increase in square footage, TurboFil is well-equipped to meet the growing demands of the industry and continue to deliver exceptional products and services.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pharmaceutical Packaging Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Pharmaceutical Packaging Equipment Market, highlighting leading vendors and their innovative profiles. These include ACG Group, ACIC Pharmaceuticals Inc., Aesus Inc., AIPAK Pharma, Antares Vision Group, Atlas Vac Machine, LLC, Bausch+Ströbel SE + Co. KG, CAM Automatic Packaging Machines, Coesia SpA, CVC Technologies, Inc., Delta ModTech, Enercon Industries Corporation, Fabrima Automatic Machines, Farmadosis Group, FujiMachinery Co., Ltd., Heino Ilsemann GmbH, I.M.A .Industria Macchine Automatiche S.p.A, Jornen Machinery Co., Ltd., Körber AG, LF of America, Lodha International LLP, Maquinaria Industrial Dara, SL, Marchesini Group S.p.A., MG2 S.R.L., Omag S.p.A., Optel Group, OPTIMA Packaging Group GmbH, Pro Mach, Inc, Prodo-Pak Corporation, Romaco Pharmatechnik GmbH, Royal Pharmaceutical Machinery Limited, Slideways, Inc., Sonoco Products Company, Syntegon Technology GmbH, The ULMA Group, and Uhlmann Pac-Systeme GmbH & Co. KG.
Market Segmentation & Coverage
This research report categorizes the Pharmaceutical Packaging Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Labeling & Serialization Equipment
Bottle & Ampoule Labeling
Carton Labeling & Serialization Equipment
Primary Packaging Equipment
Aseptic Filling & Sealing Equipment
Blister Packaging Equipment
Bottle Filling & Capping Equipment
Counting Equipment
Sachet Packaging Equipment
Soft-Tube Filling & Sealing Equipment
Strip Packaging Equipment
Secondary Packaging Equipment
Cartoning Equipment
Case Packing Equipment
Palletizing & Depalletizing Equipment
Tray Packing Equipment
Wrapping Equipment
Product
Liquid Packaging Equipment
Aerosols
Aseptic Liquids
Eye/Ear Drops
Syrups
Semi-Solid Packaging Equipment
Creams
Ointments
Suppositories
Solid Packaging Equipment
Capsules
Granules
Powders
Tablets
Automation
Automatic
Manual
Semi-Automatic
End-User
Pharmaceutical Contract Manufacturing Companies
Pharmaceutical Packaging Companies
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rise in pharmaceutical production and export activities worldwide
5.1.1.2. Adoption of precision packaging and processing machinery for dosage accuracy
5.1.1.3. Need for cold chain packaging systems in the pharmaceutical industry
5.1.2. Restraints
5.1.2.1. Issues related to frequent maintenance and regulatory compliance of equipment
5.1.3. Opportunities
5.1.3.1. Emphasis on pharmaceutical serialization and trace & track requirements
5.1.3.2. Technological advancements in pharmaceutical packaging equipment
5.1.4. Challenges
5.1.4.1. Complexity of operating certain pharmaceutical packaging machines
5.2. Market Segmentation Analysis
5.2.1. Type: Exponential need for advanced primary packaging equipment to maintain drug potency and minimize contamination risks
5.2.2. Product: Need for cost-effective packaging equipment to pack liquid medications for precise dosing
5.2.3. Automation: Preference for automatic packaging equipment as an ideal choice in the pharmaceutical industry
5.2.4. End-User: High emphasis on automated, highly efficient, and sustainable equipment from CMOs and pharmaceutical packaging equipment companies
5.3. Market Trend Analysis
5.3.1. Robust expansion of the pharmaceutical industry fueling the need for advance pharmaceutical packaging equipment in Americas
5.3.2. Significant development of production capabilities of pharmaceutical packaging equipment manufacturers due to increased government support in the APAC region
5.3.3. Introduction of advanced and regulatory-compliant packaging equipment by well-established market players to cater to the demand for increasing pharmaceutical production and exports across EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Pharmaceutical Packaging Equipment Market, by Type
6.1. Introduction
6.2. Labeling & Serialization Equipment
6.3. Primary Packaging Equipment
6.4. Secondary Packaging Equipment
7. Pharmaceutical Packaging Equipment Market, by Product
7.1. Introduction
7.2. Liquid Packaging Equipment
7.3. Semi-Solid Packaging Equipment
7.4. Solid Packaging Equipment
8. Pharmaceutical Packaging Equipment Market, by Automation
8.1. Introduction
8.2. Automatic
8.3. Manual
8.4. Semi-Automatic
9. Pharmaceutical Packaging Equipment Market, by End-User