Packaging Equipment Market for Pharmaceutical Worth $6,181 Million by 2018 - New Report by MarketsandMarkets
(PRWEB) June 11, 2014 -- The “Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labelling & Serialization), by Product Type
(Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (ROW).
Browse 174 market data tables and 26 figures spread through 367 pages and in-depth TOC.
http://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-equipment-market-19845828.html
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This report studies the global pharma packaging equipment market, with forecast to 2018. The global equipment for pharmaceutical packaging market is segmented by package type, product, geography, and country. It also discusses the key market drivers, restraints, and opportunities of this market and its sub-markets. The market was valued at $4,525 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018.
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The equipment for pharmaceutical packaging market has experienced extensive growth in the past few years, mainly due to the various advancements in the pharmaceutical industry related to drug delivery technologies. Factors that are expected to boost the market growth include a majority of the drugs going off-patent in the forecast period leading to an increase in demand for packaging equipment for pharmaceutical products and the shift in use of conventional packaging lines in response to the rising demand for flexible, automated, and integrated packaging lines from the pharmaceutical industry. However, the increasing cost of raw materials, use of refurbished packaging equipment for cost-cutting activities preferred among smaller pharmaceutical manufacturers in the emerging markets across APAC and the Latin American region, and the increasingly competitive environment are factors that inhibit the growth of the market to a certain extent.
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North America was a major market for global pharma packaging equipment with a market share of around 31% to 32% of the global market, closely followed by Asia-Pacific. Increasing investments in novel drug delivery techniques; the development of automated, integrated pharmaceutical packaging lines to reduce downtime of packaging; increasing investments in the pharmaceutical packaging industry by key market players; increase in the number of FDA-approved manufacturing sites in low-cost manufacturing locations; and the rising demand for advanced equipment for contract packaging of pharmaceutical products are factors that have led to the large market shares of the North American and Asia-Pacific pharmaceutical packaging equipment markets, respectively.
The major players in the equipment for pharmaceutical packaging market are IMA S.p.A. (Italy), Robert Bosch GmbH (Germany), Marchesini Group S.p.A. (Italy), Körber AG (Germany), and Uhlmann Group (Germany). Some of the other leading players in the industry include Bausch & Ströbel Maschinenfabrik Ilshofen GmbH Co. KG (Germany), CAM (Italy), Romaco Pharmatechnik GmbH (Germany), Multivac Group (Germany), MG2 s.r.l. (Italy), and Optima Packaging Group GmbH (Germany).
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