Pharmaceutical Packaging Equipment Market

Global Pharmaceutical Packaging Equipment Market Size (2024 to 2032)

The global pharmaceutical packaging equipment market size was worth USD 7.17 billion in 2023. As per our report, the global pharmaceutical packaging equipment market is estimated to be worth USD 12.85 billion by 2032 and USD 7.65 billion by 2024, growing at a CAGR of 6.70% during the forecast period.

Pharmaceutical packaging equipment involves fabrication, cleaning, filling, sealing, and labeling. They play an immense role in packaging drugs, which helps prevent contaminations and promotes a long shelf life. Packaging is essential in pharmaceutical companies to have the safety of the products with seals and labeling effectively. The equipment operations vary with the requirement and also to allow secure handling of the products. Automated machinery types maintain consistency, providing labor flexibility over the operating systems' variations. Along with technical capabilities and labor requirements, the company can choose the type of machinery required for its applications.

MARKET DRIVERS

The growing demand for manufacturing quality drugs to improve treatment procedures and increase incidences of chronic diseases is majorly propelling pharmaceutical packaging equipment market growth.

The growing population worldwide and increasing patient count suffering from various diseases demand greater drug production, which is expected to promote market growth. The growing aging population is expected to contribute to the growth of the pharmaceutical packaging equipment market. According to the data published by World Health Organization (WHO), one person in every six people is expected to be more than 60 years by 2030. Aged people are much more likely to get diagnosed with various diseases, and the usage of drugs is more among people aged. Therefore, more machinery and workforce are required to produce the drugs to the required usage level. Packaging plays a sensitive role in the manufacturing of pharmaceutical drugs and various types of packaging equipment to package pharmaceutical goods depending upon the type of the product.

In addition, the growing production rate in pharmaceutical industries and rising need levels for flexible and convenient packaging processes further accelerate market growth. The increasing scale of pharmaceutical companies and the need to meet the requirements in the packaging of pharmaceutical products are also elevating the market's growth rate. These machinery types are flexible, complete tasks in significantly less time than expected, and level up the market's growth. In addition, the growing expenditure on healthcare worldwide, the rise in the elderly population, and reduced labor costs due to the installation of automated equipment are also enhancing the growth of the global pharmaceutical packaging equipment market.

Furthermore, the growing adoption of technological improvements in manufacturing pharmaceutical goods and delivery of drug products efficiently and growing awareness over the availability of different treatment procedures among people are expected to offer lucrative growth possibilities to the companies operating in the pharmaceutical packaging equipment market. In addition, changes in government schemes and the launch of reimbursement policies in favor of ordinary people are spurring the market's growth. Furthermore, the availability of skilled technicians to resolve the issues quickly expands the market's growth.

MARKET RESTRAINTS

The cost of installing and maintaining the equipment is a bit expensive where small-scale industries cannot afford them, which is quietly declining the market demand. Lack of standardization and complications in installing advanced types of machinery may also hinder the growth rate of the pharmaceutical packaging equipment market. Stringent rules and regulations by the government in plastic usage for environmental safety also restrict market demand.

Impact of COVID-19 on the global pharmaceutical packaging equipment market

The recent outbreak of COVID-19 hugely impacts the medical sector. The coronavirus's sudden outbreak has accelerated pharmaceutical and biotechnology companies' focus on developing effective drugs and vaccines against viral infections. In addition, industries worldwide face challenges due to the various businesses shut down, resulting in several difficulties in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. As a result, many industries employed in pharmaceutical packaging are compelled to stop their manufacturing and production processes. As a result, the pharma packaging industry is getting reworked at a massive scale, with technology playing the leading role in the transformation. For instance, Syntegon Technology, previously known as Bosch Packaging Technology, has seen a spike in its pharma packaging equipment sales due to the COVID-19 outburst worldwide.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Pharmaceutical Packaging Equipment Market Analysis By Packaging

Based on packaging, the primary packaging equipment segment is expected to witness the highest share of the global pharmaceutical packaging equipment market during the forecast period. Increasing prevalence to produce effective and safe pharmaceutical products by adopting efficient packaging systems, growing patient volume suffering from chronic diseases, and the prevalence of quality treatment procedures promote the segment's growth.

Under the sub-segments of the primary packaging equipment segment, the aseptic filling & sealing equipment segment dominated the market in 2023. The growing awareness of using different materials for packaging propels segmental growth. On the other hand, the labeling and sterilization segment held a substantial share of the market in 2023, owing to the increasing number of patients with various infectious disorders and the rising demand for sterilization to avoid the transmission of diseases.

Global Pharmaceutical Packaging Equipment Market Analysis By Product Type

Based on product type, the liquid packaging equipment segment dominated the pharmaceutical packaging equipment market in 2023, and the segment's dominance is expected to continue during the forecast period. Increasing support from the government through investments in pharmaceutical companies, healthcare expenditure in developed and developing countries, and the increasing adoption of automated machinery in hospitals and clinics are prompting the segment's growth.

REGIONAL ANALYSIS

Geographically, the pharmaceutical packaging equipment market in Europe accounted for a significant share of the global market in 2023. The pharmaceutical industry is expanding significantly in the European region, which is one of the major factors promoting market growth. Furthermore, the presence of key market participants across the European region is another factor in regional market growth. In addition, growing economies and an increasing number of healthcare centers and pharmacies are anticipated to favor the European market growth. In 2023, Germany held a significant share of the European market.

On the other hand, the pharmaceutical packaging equipment market in North America held a substantial share of the global market in 2023. The region's role in the global market is expected to continue throughout the forecast period. The growing adoption of technological advancements in the packaging solutions of pharmaceutical products and the increasing patient count suffering from various diseases propel regional market growth.

The Asia Pacific pharmaceutical packaging equipment market is forecasted to showcase the fastest CAGR during the forecast period owing to the growing geriatric population and awareness of appropriate equipment selection.

The pharmaceutical packaging equipment market in Latin America is predicted to hold a considerable share of the global market during the forecast period. Factors such as increased economic stability, an increase in the number of pharmaceutical companies, and increased healthcare awareness are promoting the regional market growth. On the other hand, the increased demand for flexible and convenient packaging procedures in the pharmaceutical industry is propelling market growth even faster. 

The pharmaceutical packaging equipment market in MEA is expected to have a sluggish growth rate in the coming years.

KEY MARKET PARTICIPANTS

Some of the noteworthy players in the global pharmaceutical packaging equipment market profiled in this report are Körber (Germany), MG2 (Italy), Uhlmann Group (Germany), Robert Bosch (Germany), IMA (Italy), Marchesini Group (Italy), Accutek Packaging Equipment Companies (US), Vanguard Pharmaceuticals Machinery (US), Romaco Holding (Germany), ACG Worldwide (India), Coesia (Italy), Bausch + Ströbel (Germany), OPTIMA Packaging Group (Germany) and MULTIVAC Group (Germany).

RECENT MARKET DEVELOPMENTS

• In December 2019, Romanco Holding launched a Macofar MicroMaxX 24 aseptic powder filling machine. It is an innovative product equipped with a dual powder dosing disc.
• In July 2019, Roll-Tec Cilindro Ltd was acquired by Korber, an internal technology company, to develop quality-based packaging equipment for pharmaceutical companies.
• In July 2019, MULTIVAC and FRISTCH Group's acquisition expanded the company's portfolio in the market.
• In April 2019, Optima Pharma, a leading company in manufacturing packaging equipment, acquired Charité – Universitätsmedizin Berlin to develop automated production and filling of gene therapeutics.
• In October 2018, a leading supplier of various technologies named Robert Bosch introduced the New Sigpack HML horizontal flow wrapping machine. It leads the company's portfolio in the market tremendously.

DETAILED SEGMENTATION OF THE GLOBAL PHARMACEUTICAL PACKAGING EQUIPMENT MARKET INCLUDED IN THIS REPORT

This research report on the global pharmaceutical packaging equipment market has been segmented and sub-segmented into the following categories.

By Packaging

• Primary Packaging Equipment
  • Aseptic Filling & Sealing Equipment
  • Bottle Filling and Capping Equipment
  • Blister Packaging Equipment
  • Soft-Tube Filling and Sealing Machines.
  • Sachet Packaging Equipment
  • Counting Equipment
  • Others
• Secondary Packaging Equipment
  • Cartooning Equipment
  • Case Packaging Equipment
  • Wrapping Equipment
  • Tray Packaging Equipment
  • Palletizing & DE Palletizing Equipment
  • Others
• Labeling and Sterilization
  • Bottle & Ampoule Labeling & Serialization
  • Carton Labeling & Serialization
  • Datamatrix Labeling & Serialization

By Product Type

• Liquid packaging equipment
• Solid packaging equipment
• Semi-solid packaging equipment
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa