Jersey City, New Jersey, Oct. 11, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “Pharmaceutical Packaging Equipment Market” By product (liquid packaging equipment, solid packaging equipment), by packaging (primary packaging equipment, secondary packaging) and by geography.
According to in-depth research conducted by Verified Market Research, the global Pharmaceutical Packaging Equipment Market was valued at USD 7.24 Billion in 2022 and is projected to reach USD 13.75 Billion by 2030, growing at a CAGR of 7 % from 2023 to 2030.
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Browse the table of contents in depth on “Pharmaceutical Packaging Equipment Market”
202 – Pages
126 – Tables
37 – Numbers
Global Pharmaceutical Packaging Equipment Market Overview
Pharmacology packaging, often referred to as drug packaging, refers to the packaging and techniques used to package pharmaceutical formulations. Packaging machines are used in all packaging activities, from basic packaging to distribution packaging. Several packaging procedures are involved, including manufacturing, cleaning, filling, sealing, combining, labeling, overwrapping, and palletizing. Pharmaceutical packaging machines offer efficient solutions for dispensing pharmaceuticals and nutraceuticals. Sealers, label applicators, case packers, hand wrap stations and hard icing wrappers are some of the most contemporary pharmaceutical packaging equipment.
The introduction of biological APIs has spurred the demand for API packaging and a spike in interest in new condensed medicinal uses, both of which have spurred interest in pharmaceutical packaging machines (ANDAs). As a result, there is an increase in the demand for formulated drugs to be delivered in cost-effective and efficient packaging, according to the pharmaceutical industry. The pharmaceutical packaging equipment market is driven by the release of new drugs as well as the rising incidence of chronic diseases.
Growth in production volume is likely to fuel the market for pharmaceutical packaging equipment for generic drug manufacturing in some countries with low-cost manufacturing facilities. Liquid packaging equipment is driving the growth of the pharmaceutical packaging equipment market. This has been attributed to the wide range of applications for liquid pharmaceutical dosages, which can be administered parenterally or orally, as well as their palatability, making them an excellent product for pediatric and geriatric patients.
Mergers and Acquisitions
- In February 2022, Fangda Partners represented the Weifu Group in its acquisition of the entire vacuum and hydraulic pump business in Italy and China from Robert Bosch by acquiring 100% of VHIT’s stakes with its wholly owned subsidiary in RPC VHIT Automotive Systems at an enterprise value award of EUR 60,000,000 from Robert Bosch.
Partnerships, collaborations and agreements
- In November 2020, Romaco joined befutures as a partner. Romaco in Karlsruhe, Cologne and Steinen was invaded by bees. Romaco recently established three bee colonies at its sites in Karlsruhe, Cologne and Steinen. befutures will provide optimal care for up to 150,000 honey bees at three sites. The project demonstrates the processing and packaging equipment supplier’s commitment to the conservation of the natural habitat.
The main market players are Romaco Pharmatechnik GmbH, MULTIVAC, Marchesini Group SpA, Korber Ag, Robert Bosch Gmbh, MG2 srl, Uhlmann-Group, OPTIMA packaging group GmbH, IMA Industria Macchine Automatiche SpA and Bausch & Strobel Maschinenfabrik llshofen Gmbh Co. Kg.
Verified Market Research has segmented the global pharmaceutical packaging equipment market on the basis of product, packaging, and geography.
- Pharmaceutical Packaging Equipment Market, By Product
- Liquid packaging equipment
- Solids packaging equipment
- Semi-solids packaging equipment
- Pharmaceutical Packaging Equipment Market, By Packaging
- Primary packaging equipment
- Secondary packaging
- Labeling and serialization equipment
- Pharmaceutical Packaging Equipment Market, By Geography
- North America
- The rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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