The global pharmaceutical packaging equipment market, by product types is divided broadly into three major segments, which include solids packaging equipment, semi-solids packaging equipment and liquids packaging equipment.
Albany, NY -- (SBWIRE) -- 01/08/2016 -- Packaging provides safety to pharmaceutical products and plays an important role in preventing contamination and microbial growth throughout the shelf life of the products. Pharmaceutical packaging equipment ensures high quality of pharmaceutical products and safety of the packaging. With advancement in packaging techniques, modern pharmaceutical packaging equipment are becoming more flexible, automated and integrated compared to conventional packaging systems. The pharmaceutical packaging equipment market is composed of three product types which includes solid packaging equipment, semi-solid packaging equipment, and liquids packaging equipment. By package types, the pharmaceutical packaging equipment market is further segmented into primary packaging equipment and secondary packaging equipment. The market is classified into four geographic regions - North America, Europe, Asia Pacific, and Rest of the World (Latin America, the Middle East and Africa).
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The pharmaceutical packaging equipment market is primarily driven by rapid growth in the pharmaceutical industry, stringent government regulations and standards, and demand for integrated packaging technologies. Furthermore, increasing demand from developing countries is likely to create growth opportunity for the global pharmaceutical packaging equipment market in the future. However, implementation of revamped packaging techniques is expected to hinder the growth of the market throughout the forecast period.
Currently, due to the rapid growth in the pharmaceutical industry, there has been a surge in development of numerous advanced pharmaceutical packaging equipment with better reliability, tolerance limit and line speed. Moreover, rising need for patient compliance, quality norms, and anti-counterfeiting measures have significantly increased the production of innovative packaging lines, such as bottle filling and capping, cartoners, ointment, blister and tablet packaging among others. Many pharmaceutical companies are shifting from conventional packaging systems to integrated, flexible packaging techniques. These changes have created a remarkable impact on the packaging industry and are analyzed to significantly fuel the growth of the pharmaceutical packaging equipment market. Furthermore, demand for cost effective drug manufacturing capacities along with high import duties are anticipated to create significant opportunity for the pharmaceutical packaging equipment market in developing countries such as India and China. However, usage of refurbished packaging equipment by small scale manufacturers is inhibiting the growth of the market. Considering all the prevailing trends, the pharmaceutical packaging equipment market is expected to experience robust growth throughout the forecast period from 2015 to 2021.
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North America dominated the global pharmaceutical packaging equipment market in 2014 in terms of value. Increasing investment in pharmaceutical sector and high demand for novel drug delivery techniques are primarily driving the growth of market in North America. Asia Pacific held the second largest share of the global market in terms of value in 2014. In addition, rest of the world region is also having huge growth potential for packaging equipment. Latin America is one of the major markets fueling the demand for packaging equipment in this region.
The research report on the global pharmaceutical packaging equipment market offers detailed analysis of global pharmaceutical packaging equipment products and helps to understand the driving forces behind the popularity of this market. Detailed analysis of major segments and sub-segments of the global pharmaceutical packaging equipment market are provided for the next six years. Moreover, the report includes exhaustive analysis of the drivers, restraints, market trends and future outlook of the industry. The strategies and imperatives of stakeholders for succeeding in the business have been comprehensively assessed in the report. The market has been segmented on the basis of product types, package types and geography.
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Some of the leading players in the market are IMA S.P.A., Korber A.G., Marchesini Group Spa, Mg2 S.R.L., Multivac Group, Bausch and Strobel Maschinenfabrik Ilshofen GmbHCo. Kg, Optima Packaging Group GmbH, Robert Bosch GmbH, Romaco Pharmatechnik GmbH and Uhlmann Group.
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