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Equipment for Pharmaceutical Packaging Market Worth $6,181 Million by 2018

The market is expected to grow at a CAGR of 6.4% from 2013 to 2018 to reach $6,181 million by 2018.

 
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Dallas, TX -- (SBWIRE) -- 03/17/2014 -- The “Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & 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 on “Pharmaceutical Packaging Equipment Market”.

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The market was valued at $4,525 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018. 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.

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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.

The market is fragmented in nature with numerous players operating at the regional levels. None of the major players have more than 15% market share. Some of the major players in the market includes IMA S.p.A. (Italy), Robert Bosch GmbH (Germany), Marchesini Group S.p.A. (Italy), Körber AG (Germany), Uhlmann Group (Germany), Bausch + Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG (Germany), CAM (Italy), Romaco Pharmatechnik GmbH (Germany), and Multivac Group (Germany). Some of the other players in the market include MG2 s.r.l. (Italy) and Optima Packaging Group GmbH (Germany), among others.

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