Lewes, DE -- (SBWIRE) -- 01/09/2019 -- Global Pharmaceutical Packaging Machines market will register a 5.1% CAGR in terms of revenue, reach US$ 8480 million by 2023, from US$ 6300 million in 2017.

Packaging machines are machines that complete stages of the packaging process. Examples include filling machines, sealing machines, wrapping machines, strapping machines, labelling machines and coding machines.

Pharmaceutical packaging machines are often custom-designed to handle specific product configurations such as vials.

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.

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.

Over the next five years, study projects that Pharmaceutical Packaging Machines will register a 5.1% CAGR in terms of revenue, reach US$ 8480 million by 2023, from US$ 6300 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Pharmaceutical Packaging Machines market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Primary Packaging Machine
Secondary Packaging Machine
Labeling and Serialization Machine

Segmentation by application:
Liquids Packaging
Solids Packaging
Semi-Solids Packaging
Other Products Packaging

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Pharmaceutical Packaging Machines consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Pharmaceutical Packaging Machines market by identifying its various subsegments.
Focuses on the key global Pharmaceutical Packaging Machines manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Pharmaceutical Packaging Machines with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Pharmaceutical Packaging Machines submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 160 pages "Forecast of Global Pharmaceutical Packaging Machines Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Pharmaceutical Packaging Machines by Players, Pharmaceutical Packaging Machines by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Pharmaceutical Packaging Machines Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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