Pharmaceutical Packaging Equipment Market By Product Type (Solids Packaging Equipment, Semi-solids Packaging Equipment and Liquids Packaging Equipment) and By Package Type (Primary Packaging Equipment and Secondary Packaging Equipment, - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021
Albany, NY -- (SBWIRE) -- 06/21/2016 -- 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.
Browse The Market Research Report of Pharmaceutical Packaging Equipment Market:
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.
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.
Get Free Sample Report Copy:
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.
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.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.