Atlantanews Online

Pharmaceutical Packaging Equipment Market To Show Marvelous Growth Worth $12.05 Billion By 2025 | Grand View Research, Inc.

 Breaking News
  • No posts were found

Pharmaceutical Packaging Equipment Market To Show Marvelous Growth Worth $12.05 Billion By 2025 | Grand View Research, Inc.

March 29
06:26 2021
Pharmaceutical Packaging Equipment Market To Show Marvelous Growth Worth $12.05 Billion By 2025 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, a major driving the growth of the pharmaceutical packaging equipment market is the increased demand for quality medication to enhance treatment methods of chronic diseases. Furthermore, the COVID-19 pandemic has greatly influenced the healthcare sector. This is expected to have a strong impact on the global pharmaceutical packaging equipment market.

The global pharmaceutical packaging equipment market size is expected to reach USD 12.05 billion by 2025, expanding at a CAGR of 7.0% over the forecast period. The increasing health care spending, coupled with the launch of new drugs and the rise in the prevalence of chronic diseases globally, is driving the demand for medications across the world. This is projected to propel the growth of the pharmaceutical packaging equipment market over the forecast period. In addition, various governments are making efforts towards providing pharmaceutical drugs to ordinary citizens at affordable rates.

The healthcare sector has been greatly impacted on account of the COVID-19 pandemic. The pandemic has caused sudden panic globally creating a demand for pharmaceutical and biotechnology companies to focus on developing drugs and vaccines against common viral infections. Several industries throughout the world are facing severe challenges due to the pandemic. A major setback for many industries including the healthcare sector was the difficulties in the supply chain of raw materials required for packaging equipment, owing to the global lockdown in 2020. 

Pharmaceutical Packaging Equipment Market Report Highlights

 Based on the machine type, the wrapping machine segment is expected to rise at an annual rate of 8.5% over the forecast period, owing to the increasing demand for secondary and tertiary packaging of pharmaceutical products.

On the other hand, the filling machine segment was valued at USD 2.68 billion in 2018 and is expected to rise significantly over the forecast period. Filling machines are used to separate the commodity from the manufactured bulk based on predetermined values and accurately dispense it into a container.

In July 2020, Romaco Holding launched Macofar’s MicroRobot 50. The company’s filling machine portfolio is projected to improve as a result of this product launch.

The Asia Pacific emerged as the leading regional pharmaceutical packaging equipment market and accounted for 37.1% of the overall revenue share in 2018 owing to the presence of high potential geographies including China and India and their expanding pharmaceutical manufacturing.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/pharmaceutical-packaging-equipment-market/request/rs1

Pharmaceutical Packaging Equipment Market Segmentation

Grand View Research has segmented the global pharmaceutical packaging equipment market on the basis of machine type, and region:

Pharmaceutical Packaging Equipment Machine Type Outlook (Revenue, USD Million; 2014 – 2025)

     Filling
     Labelling
     Form Fill & Seal
     Cartoning
     Wrapping
     Palletizing
     Cleaning
     Others

Pharmaceutical Packaging Equipment Regional Outlook (Revenue, USD Million; 2014 – 2025)

     North America
        • The U.S.
        • Canada
        • Mexico
     Europe
        • Germany
        • U.K.
        • Spain
        • Italy
        • Russia
     Asia Pacific
        • China
        • India
        • South Korea
        • Australia
    • Central and South America
        • Brazil
        • Argentina
     Middle East & Africa
        • Iran
        • Qatar

List of Key Players of harmaceutical Packaging Equipment Market

    • Robert Bosch
    • Romaco Holding
    • Marchesini Group
    • Korber AG
    • I.M.A. Industria Macchine Automatiche S.p.A.
    • Uhlmann Group
    • Accutek Packaging Equipment Companies
    • Bausch + Ströbel
    • Coesia
    • Vanguard Pharmaceuticals Equipment
    • MULTIVAC Group
    • OPTIMA Packaging Group
    • ACG Worldwide
    • BREVETTI CEA S.P.A
    • GEA Group Aktiengesellschaft

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/6813/ibb

Browse More Related Report:

Aluminum Foil Market Size, Share & Trends Analysis Report By End-Use (Packaging, Industrial), By Application (Wrapper, Container, Blister Packs, Pouches), By Region, And Segment Forecasts, 2019 – 2025

Anti-Counterfeit Packaging Market Size, Share & Trends Analysis By Product {Covert (Security Labels, Invisible Printing), Overt, Forensic, Track & Trace (Machine Readable Data, RFID)}, By Application (Pharmaceutical, Clothing), And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/pharmaceutical-packaging-equipment-market

Related Articles

Categories