Global Pharmaceutical Packaging Machines Market Report Covered forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2019 to 2025
Los Angeles, CA -- (SBWIRE) -- 04/17/2019 -- QY Research has recently published a report on the niche yet rapidly growing market, titled, "Global Pharmaceutical Packaging Machines Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application ," for the projected period of 6-years, i.e. between 2019 and 2025. According to this report, the global Pharmaceutical Packaging Machines market is expected to show exponential Compound Annual Growth Rate during the projected period.
The growth of the market can be attributed to factors such as cost containment in pharma R&D, growth in funding for generics and biopharmaceutical research, and technological advancements in labeling and serializations solutions. The development of production lines for small batch size and research purposes, growing focus of pharmaceutical manufacturers to cut operational costs, and rising emphasis on labeling and serialization for anti-counterfeiting of drugs are the key trends in the market. However, growing preference for refurbished packaging equipment as a viable alternative to new packaging equipment with high costs is expected to restrain the market growth to a certain extent.
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On the basis of package type, the market is segmented into primary packaging, secondary packaging, and labeling and serialization equipment. In 2017, the primary packaging equipment segment accounted for the largest share of 80.5% in the pharmaceutical packaging equipment market. The large share can be attributed to the rising regulatory modifications, rapid growth in the pharmaceutical industry, and rising technological advancements.
The global Pharmaceutical Packaging Machines market was 6300 million US$ in 2018 and is expected to 8600 million US$ by the end of 2025, growing at a CAGR of 4.0% between 2019 and 2025.
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This report studies the Pharmaceutical Packaging Machines market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pharmaceutical Packaging Machines in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
IMA
Bosch
Uhlmann
Körber AG
Multivac
Marchesini Group
Coesia Seragnoli
Optima
Bausch & Strobel
Mutual
Truking
Gerhard Schubert
Romaco
CHINASUN
CKD Corporation
Hoong-A Corporation
MG2
SHINVA
ACG
Heino Ilsemann
By the product type, the market is primarily split into
Primary Packaging Machine
Secondary Packaging Machine
Labeling and Serialization Machine
By the end users/application, this report covers the following segments
Liquids Packaging
Solids Packaging
Semi-Solids Packaging
Other Products Packaging
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