The global pharmaceutical packaging equipment market is projected to reach USD 20.61 billion by 2033, at a CAGR of 7.80% during the forecast period 2024-2033. Increasing production of semi-solid formulations is one of the factor driving the growth of market.  The rise in counterfeiting cases is also driving market growth and ensuring the integrity of the product. Also, the rise in the adoption of automation is driving the market growth. This equipment enhances the packaging process's accuracy, safety, and efficiency. Also, these equipment are enabled with the latest security features, which provides an extra level of security for the products.

Market Overview:

Pharmaceutical packaging equipment provides an efficient solution for preparing pharmaceuticals, drugs and nutraceuticals for distribution. The packaging for the pharmaceuticals is very important mainly for the safe storage and administration of pharmaceutical products. There are various types of packaging for the pharmaceuticals, including primary, secondary, and tertiary. Primary packaging is the packaging type which surrounds the pharmaceutical products. Secondary and tertiary packaging provides additional protection to pharmaceutical products. The most common type of primary pharmaceutical packaging includes bottles, vials, sachets, blisters, and syringes.

Pharmaceutical packaging equipment is the machines that are used for the packaging of pharmaceutical products. These machines are ranging from conveying systems to sealing machines to labelling and printing machines. In addition to this, various types of other equipment are used for pharmaceutical packaging. Some of the newest pharmaceutical packaging equipment includes label applicators, sealers, hand packing stations, and case packers. The use of equipment generally depends on the type of packaging, such as solid, semi-solid, and liquid packaging. The packaging of solid and liquid packaging of over the counter drugs is often designed as a marketing vehicle to increase product stability. Pharmaceutical filling machines are essential for the filling up the powder and liquid in the packaging of such as bottle, vials and tubes. The pharmaceutical packaging equipment offers a high-quality standard, fast, and efficient packaging in the pharmaceutical industry. Changing consumer behavior is one of the key factors which is positively influencing the growth of the market.  These packaging equipment works very fast, which helps the manufacturers increase the speed of the packaging line and gives enough time to deliver the product to its destination in the given time.

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Market Dynamics:

Drivers

• Increasing demand for pharmaceutical packaging equipment for generic medicines

Increasing demand for pharmaceutical products due to rise in spending on healthcare across the globe. In addition to this, increasing geriatric population and chronic diseases in the world, rising the demand for pharmaceutical products. A large number of original drugs have lost their patents. Thus, the production of generic medicines is on the rise. Furthermore, the generic medicines are affordable than the original drugs, and thus demand is high in the regions such as the Asia Pacific and Latin America.

• Growth in the contract manufacturing of pharmaceutical products

Contract manufacturing involves the manufacturing of pharmaceutical products by a firm, under the label or a brand of another firm. Contract manufacturing is holding the largest market share in the global pharmaceutical industry. One of the main reason is the high cost of pharmaceutical manufacturing equipment, which cannot afford by every company. Thus, increasing contract manufacturing of pharmaceutical products driving the growth of the market. 

Restraints:

• Increasing preference for the refurbished products

Refurbished pharmaceutical equipment is one of the most viable alternatives for the new equipment. These are the low-cost equipment as compared to the new pharmaceutical packaging equipment. Thus, many companies preferring for the refurbished equipment for pharmaceutical packaging, which may limit the growth of the market.

Opportunities:

•  Emerging technologies for automated packaging of pharmaceutical products

Many pharmaceutical companies are opting for automation strategies to increase efficiency in pharmaceutical packaging. According to the Association for Packaging and Processing Technologies, almost 50% of pharmaceutical companies have adopted the automation integration in the packaging. The growth in the small-batch pharmaceuticals and unit dose packaging further driving the demand for the automation technologies in the packaging. Thus, increasing emergence of automation technologies in the pharmaceutical packaging offering the new growth opportunities in the market.

Challenges:

• Increasing stringent government regulations

Increasing and constantly changing government rules and regulation on pharmaceutical packaging is one of the key challenges for the companies. Globally, pharma regulations on the packaging are becoming stringent, for which pharma companies need to keep them updated themselves regularly. Thus, rising stringent government regulation on the pharmaceutical packaging may hamper the growth of the market over the forecast period.

Segmentation Analysis:

The global pharmaceutical packaging equipment market has been classified on the basis of equipment type, packaging type, and regions.

• The equipment type segment is divided into solid packaging equipment, semi-solid packaging equipment, and liquid packaging equipment. The liquid packaging equipment segment accounted for the major market share of 49.65% in the year 2023. The growth is mainly due to the high production of liquid pharmaceutical products in various regions. In addition to this, increasing eye and ear disorders across the globe, further driving the demand for more to eat and ear drops. 
• The packaging type segment is classified into primary packaging, secondary packaging, tertiary packaging, and labelling and serialization equipment. Primary packaging segment dominated the global pharmaceutical packaging equipment market and held the market share of 60.25% in the year 2023. Primary packaging refers to the first material that envelops the products. Increasing demand for easy handling and shelving of the pharmaceutical products driving the growth of primary packaging segment.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Europe region emerged as the largest market for the pharmaceutical packaging equipment market, with 40.69% share of the market revenue in 2023.

• The growth is mainly due to the high production of pharmaceutical products in the European region. In addition to this, increasing demand for flexible equipment from the pharmaceutical companies, further driving the growth of the market. In addition to this, Europe is one of the significant exporters of medicinal products, which is boosting the demand for additional packaging equipment for pharmaceuticals.
• The Asia Pacific region is anticipated to rise at the highest CAGR of 7.1% over the forecast period. The rapid increase in pharmaceutical companies in the Asia Pacific region is one of the key growth factors driving the growth of the market. In addition to this, high production of generic pharmaceutical products in India, further driving the demand for pharmaceutical packaging equipment in the Asia Pacific region.

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Competitive Analysis:

The key players of global pharmaceutical packaging equipment market are majorly focusing on adoption of various strategies such as new product development, joint venture, collaboration, technological integration, product innovations, mergers & acquisitions, and partnerships to gain the significant market share in the industry.

In August 2017, Uhlmann announced the partnership with the Surepharm Services, a specialist in the contract manufacturing of generic and branded formulations, to install the Uhlmann’s BEC 300, a combined blister and cartoning module, to streamline the productivity.

In June 2018, The Marchesini Group announced the acquisition of Schmucker, a company that specialises in building stickpack packaging machinery for the food, pharmaceutical and cosmetic market, to expand the pharmaceutical packaging business.

List of Key Market Players:

• Romaco Holding
• Uhlmann Group
• Bausch + Ströbel
• Korber AG
• Marchesini Group
• Vanguard Pharmaceuticals Equipment
• I.M.A. Industria Macchine Automatiche S.p.A.
• Accutek Packaging Equipment Companies
• Coesia

Key Target Audience

• Pharmaceutical Companies 
• Government Authorities
• R&D Institutions
• Food and Drug Administration (FDA)
• Equipment Manufacturers
• Consulting And Research Firm
• Potential Investors

Report Description:

• Global Pharmaceutical Packaging Equipment Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
• 2023 is considered as the base year of the report. 2020 to 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global pharmaceutical packaging equipment market is based on revenue (USD Million/Billion), volume (Units), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global pharmaceutical packaging equipment market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
• The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of pharmaceutical packaging equipment and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
• The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global pharmaceutical packaging equipment market. This offers vital and in depth insights in order to depict the overall market scenario.
• The report offers the detailed study for the company profiles of key organizations operating in the global pharmaceutical packaging equipment market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
• The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
• Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
• Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global Pharmaceutical packaging equipment market is covered in order to comprehend the adoption rate and evaluate the market size.