Albany, NY , June 29, 2016 (GLOBE NEWSWIRE) -- Transparency Market Research, in a report titled “Pharmaceutical Packaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that the global pharmaceutical packaging equipment market is anticipated to develop at a 6.80% CAGR from 2015 to 2021, rising from a value of US$5.1 bn in 2014 to US$8.1 bn by 2021.
This market is fueled by the rapid growth of the global pharmaceutical sector, stringent government regulations, rising demand for integrated packaging technologies, and increasing opportunities in developing countries. In contrast, the use of revamped packaging equipment is anticipated to hamper the development of the global market.
By product type, the pharmaceutical packaging equipment market is categorized into liquids, solids, and semi-solids. The segment of liquids packaging equipment enjoyed the largest share of over 45.0% in 2014, fueled by its favorable features such as reliability, efficiency, and easily coordinated filling and packaging.
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The pharmaceutical packaging equipment market is bifurcated into primary and secondary packaging equipment based on package type. Enjoying the larger share in the overall pharmaceutical packaging equipment market, the segment of primary packaging equipment is driven by the rising demand for unit dosage forms and favorable features such as ease of shelving and handling. This segment comprises equipment for bottle filling and capping, soft tube filling and sealing, aseptic filling and sealing, blister packaging, and sachet packaging. The segment of secondary packaging equipment includes equipment for case packaging, cartoning, and wrapping.
The global pharmaceutical packaging equipment market is geographically divided into North America, Asia Pacific, Europe, and Rest of the World. In 2014, North America emerged as the leading market for pharmaceutical packaging equipment, accounting for a 32.20% share. This regional market is fueled by the rapid development of the pharmaceutical industry, rising investments in the development of novel medicaments, and growing demand for sophisticated packaging and innovative drug delivery techniques. Accounting for a share of close to 30.0% in 2014, Asia Pacific is the second largest market for pharmaceutical packaging equipment, fueled by growing investments by existing manufacturers of pharmaceutical equipment.
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Multivac Group, IMA S.P.A., Korber A.G., Uhlmann Pac-Systeme GmbH & Co. KG, Romaco Pharmatechnik GmbH, Robert Bosch GmbH, Mg2 S.R.L., Bausch and Strobel Maschinenfabrik Ilshofen GmbHCo. Kg, Marchesini Group Spa, and Optima Packaging Group GmbH are the most prominent players competing in the global pharmaceutical packaging equipment market. These vendors are profiled in the report in a detailed section dedicated to the vendor landscape. Major players are identified and profiled based on aspects such as company and financial overview, business strategies, product portfolio, and recent developments.
Global Pharmaceutical Packaging Equipment Market, by Product Types
- Solids Packaging Equipment
o Tablet Packaging Equipment
o Capsule Packaging Equipment
o Powder Packaging Equipment
- Semi-Solids Packaging Equipment
o Ointment Packaging Equipment
o Cream Packaging Equipment
- Liquids Packaging Equipment
o Eye/Ear Drop Packaging Equipment
o Aerosol Packaging Equipment
o Syrup Packaging Equipment
Global Pharmaceutical Packaging Equipment Market, by Package Types
- Primary Packaging Equipment
o Aseptic Filling and Sealing Equipment
o Bottle Filling and Capping Equipment
o Blister Packaging Equipment
o Soft Tube Filling and Sealing Equipment
o Sachet Packaging Equipment
- Secondary Packaging Equipment
o Cartooning Equipment
o Case Packaging Equipment
o Wrapping Equipment
Global Pharmaceutical Packaging Equipment Market, by Geography:
- North America
o United States
o United Kingdom
o Rest of Europe
- Asia Pacific
o Rest of Asia Pacific
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Source:Transparency Market Research