Pharmaceutical Packaging Equipment Market Size to Worth USD 15.92 Bn by 2032

The global pharmaceutical packaging equipment market size is calculated at USD 8.89 billion in 2024 and is expected to be worth around USD 15.92 billion by 2032, growing at a CAGR of 7.5% from 2024 to 2032.

/EIN News/ -- Ottawa, May 10, 2024 (GLOBE NEWSWIRE) -- The global pharmaceutical packaging equipment market size was valued at USD 8.30 billion in 2023 and is predicted to hit around USD 14.76 billion by 2031, a study published by Towards Packaging a sister firm of Precedence Research.

Report Highlights: Important Revelations

• Swift expansion of North America's pharmaceutical packaging equipment industry.
• Revealing Asia-Pacific's contribution to the growth of pharma equipment.
• Essential role of filling equipment in pharmaceutical packaging.
• Pharma packaging delving into primary packaging equipment.
• Unveiling the equipment driving pharmaceutical powder packaging.
  
  

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The market for pharmaceutical packaging equipment contains equipment and instruments used in the packaging of pharmaceuticals. These items are formed into packages using heat-sealable and flexible materials, which are subsequently filled with the product and sealed. This industry, often referred to as medicine packaging, is essential to the healthcare sector because it ensures the effectiveness, safety, and integrity of pharmaceutical products at each step of the supply chain. The need for advanced packaging technology is growing significantly, with projections indicating that the global pharmaceutical packaging market size is expected to be valued USD 322.50 billion by 2032.

Pharmaceutical and nutraceutical product distribution can be efficiently prepared with the help of pharmaceutical packaging equipment. A variety of instruments, including sealers, label applicators, case packers, hand packing stations, and hard film over wrappers, are included in modern pharmaceutical packaging equipment. The pharmaceutical sector uses a variety of liquids, all of which need to be precisely measured in order to guarantee correct dosages. Because of this variability, packaging equipment needs to be flexible enough to adjust to the specific needs of each product.

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The industry for pharmaceutical packaging equipment is expanding due in large part to the ongoing emphasis on patient safety, quality, and compliance. Pharmaceutical packaging businesses are essential to maintaining these standards since they make sure that goods are packaged safely to preserve their effectiveness and stop contamination or manipulation. The production and manufacturing processes for pharmaceuticals are more productive and efficient thanks to technological developments in packaging equipment.

The growing need for customised and specialised drugs calls for adaptable packaging options that satisfy a range of product specifications. Pharmaceutical packaging equipment must be adaptable enough to satisfy the specific requirements of each product, whether it is for liquid drugs, solid tablets, or other dosage forms. The need for sophisticated packaging equipment that can guarantee product quality, safety, and compliance will only increase as the pharmaceutical industry develops and innovates more, propelling the market for pharmaceutical packaging equipment to grow even more.

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For Instance,

• In March 2024, Capsa Healthcare, a provider of lobal healthcare workflow solutions, has introduced a new system that automates patients' prescription packaging. The automated packaging method, called NexPak, increases patient drug administration accuracy and efficiency while streamlining operations for pharmacies.
  

Pharmaceutical Packaging Equipment Market Trends

• Automation and Industry 4.0 technologies are changing the pharmaceutical packaging equipment market by increasing manufacturing processes' productivity, quality, and efficiency.
• The pharmaceutical business is seeing an increase in the trend for flexible and modular packaging equipment solutions to support different product portfolios, batch sizes, and container formats.
• Pharmaceutical packaging equipment must have quality control and inspection systems to be able to guarantee product integrity, safety, and adherence to quality standards.
• The design and selection of pharmaceutical packaging equipment is being influenced by sustainability factors, which emphasise waste reduction, resource conservation, and energy efficiency.

Rapid Growth of North America's Pharmaceutical Packaging Equipment’s Industry

The pharmaceutical packaging equipment industry in North America is expanding rapidly due to a variety of leads. The need for effective and smart packaging solutions has increased due to the growing demand for pharmaceutical products, which is being driven by reasons including an ageing population, an increase in the prevalence of chronic diseases, and improvements in medical treatments. Pharmaceutical companies are investing in advanced packaging equipment to assure customer safety and meet with severe regulatory requirements involving tamper resistance, serialisation, and product safety. Automation, robotics, and smart packaging solutions are among the innovative technologies that are making a significant impact in the market. These technologies are designed to increase productivity, lower expenses of production, and minimise errors in packaging procedures. Sustainable packaging methods are increasing significance, which is encouraging the use of eco-friendly products and energy-saving equipment.

North America is a major player in the global commerce of pharmaceutical packaging equipment, when it comes to import-export trends. Packaging equipment and equipment are heavily imported and exported from the region. Despite importing specific specialised gear to fulfil domestic demand and technological demands, it also exports a significant amount of pharmaceutical packaging equipment to other regions by taking advantage of its technological know-how and superior manufacturing skills.

Driven by factors such developing pharmaceutical output, technical advances, regulatory compliance requirements, and changing customer preferences, the pharmaceutical packaging equipment market in North America is expected to increase in the coming years. The region's prominent role in the global pharmaceutical packaging equipment sector has been strengthened by its active involvement in import-export operations.

For Instance,

• In May 2023, Assem-Pak, a U.S. company with its headquarters located in Vineland, New Jersey, has been fully acquired by DWK Life Sciences, a prominent international manufacturer and provider of laboratory glassware, plasticware, and primary packaging solutions.
  

Unveiling Asia-Pacific's Role in Pharma Equipment Expansion

The pharmaceutical packaging equipment industry in the Asia-Pacific (APAC) region is rapidly expanding. The pharmaceutical sector has strong regulatory standards in place to reduce errors and prevent counterfeit products, which has led to an increase in demand for specialised packaging equipment in APAC nations such as China. The expanding healthcare industry in the region, including ongoing COVID-19 difficulties, are driving this demand spike.

Pharmaceutical product development in Asia Pacific, especially in nations like China, India, and Japan, heavily relies on packaging and labelling. The demand for pharmaceutical products and drug delivery systems is particularly high in this region, which has some of the greatest industry growth rates globally. Strong packaging and labelling solutions are essential for both general pharmaceutical products and the large amounts of COVID vaccines and medications that are currently in circulation. The COVID-19 pandemic, which has had a severe impact on several APAC nations, continues to have an impact on economies, businesses, and populations.

India is an established player in the pharmaceutical industry. India has a widely recognised domestic pharmaceutical industry with around 10,500 manufacturing units and 3,000 drug companies, making it the 14th largest global producer of pharmaceuticals by value and the third largest by volume.

The Indian pharmaceutical products market is expected to grow to be worth about US$132 billion by 2030, indicating that the industry has a promising future. Meanwhile, the global pharmaceutical goods market is projected to exceed the $1 trillion mark in 2023, indicating the substantial contribution that Asia-Pacific, and particularly India, makes to the growth trajectory of the global pharmaceutical packaging equipments industry. The demand for innovative packaging solutions is anticipated to increase in the upcoming years as the region's pharmaceutical industry and healthcare infrastructure keep developing.

For Instance,

• In January 2024, Leading contract development and manufacturing organisation (CDO) Alcami Corporation announced it has successfully acquired Pacific Pharmaceutical Services, Inc., a preferred supplier of services and storage for cGMP pharmaceuticals.
  

Pharmaceutical Packaging Equipment Market, DRO

Demand:

Demand for Key variables to keep into consideration in pharmaceutical packaging operations are productivity and efficiency. For producers to maximise resource utilisation, minimise downtime, and meet production targets, packaging equipment needs to ensure high throughput, precision, and reliability.

Restraint:

The regulatory requirements for pharmaceutical packaging equipment must be met through stringent validation, documentation, and adherence to industry norms and guidelines.

Opportunity:

Manufacturers can diversify their products and adapt to changing market demands by utilising advancements in packing equipment technologies. Predictive maintenance, real-time monitoring, and performance optimisation are made possible by emerging technologies like equipment learning, artificial intelligence (AI), and the Internet of Things (IoT), which also improve equipment efficiency, connectivity, and reliability.

Vital Role of Filling Equipment in Pharmaceutical Packaging

Effective packaging is an important consideration to take into account when working with pharmaceutical products. Due to the nature of the pharmaceuticals, it is imperative to make sure that the packing methods are perfect. To guarantee patient handling and avoid cross-contamination, all medications are often packaged in easily handled packaging. Four types of filling techniques are often used by pharmaceutical companies. They consist of powder, syringes, tubes, and filling vials. A particular equipment is in charge of each of the filling equipment’s described. Another extremely common type of packaging used in this industry is the capsule, which is also made with specialised equipment.

The diverse filling and packaging methods Used in the pharmaceutical industry. It follows that a system to fill and then package medications in each of the aforementioned procedures is necessary given the variety of packaging approaches. Vial filling, for example, is essential when filling bottles with precisely measured amounts of the drugs in liquid, powder, and suspension form. Tube filling equipment’s are used for filling and packing liquids such as tooth paste, suspensions, and other sticky materials.

The majority of medicines that are supplied in powder form require specialised powder filling equipment to package. The manufacturers of all these various kinds of pharmaceuticals need to invest in the right equipment for them to do their duties. The Standout Features of the Most Popular Powder Filling Equipment’s This equipment works well for filling and packing powdered materials of any kind, as demonstrated by the task at hand. It can be used in a variety of industries, including pharmaceutical, industrial, and agricultural.

Filling equipment is in high demand in the pharmaceutical sector due to growing pharmaceutical production volumes, technical developments, and regulatory compliance. Filling equipment continues to play a crucial role in the pharmaceutical packaging equipment market as producers of pharmaceuticals aim for efficiency, precision, and compliance.

For Instance,

• In October 2023, OcyonBio, an agreement development and production organisation, has formed a strategic cooperation with Marchesini, an Italian equipment for packaging company, to purchase packing and filling equipment.
  

Backbone of Pharma Packaging Exploring Primary Packaging Equipment

Equipment used to directly contain pharmaceutical products is called to as primary packaging equipment in the pharmaceutical packaging sector. These devices handle the first packaging of medications, making sure they are presented to customers in an aesthetically pleasing manner and are protected and preserved. With the goal to preserve product integrity, avoid contamination, and increase shelf life, primary packaging equipment is essential.

Primary packaging equipment generally involves blister packaging equipments, ampoule filling and sealing equipments, bottle filling and capping equipments, tube filling equipments, and sachet packaging devices. To protect a product from air, light, and moisture, blister packaging equipments, for example, create pockets or cavities in a sheet of material and then seal the product inside. Medication filling and capping equipments automate the process of filling bottles with liquid or solid substances and covering them with closures or caps.

The necessity for efficient and automated packaging solutions, together with regulatory requirements for product safety and tamper resistance, are some of the drivers propelling the pharmaceutical industry's demand for primary packaging equipment. Primary packaging equipment plays a vital role in the pharmaceutical packaging equipment industry as pharmaceutical companies aim to maximise productivity, minimise production costs, and guarantee regulatory compliance.

For Instance,

• In February 2021, the global pioneer in packaging equipment solutions, ProMach, announced the acquisition of Serpa Packaging Solutions, a top supplier of end-of-line packaging systems and cartoning for the pharmaceutical, medical device, and nutraceutical industries, among others.
  

Unveiling the Equipment Behind Pharma's Powder Packaging

Pharmaceutical products that are in a dry, powdery state are termed to as being packaged in powder form in the pharmaceutical packaging equipment market. These powders can contain excipients, active pharmaceutical ingredients (APIs), or a combination of the two. Medications in powder form are frequently used for a variety of purposes, such as oral, topical, inhaler, and injectable forms.

Pharmaceutical powder packaging equipment is made to handle the special properties of powders, including their density, flowability, and air and moisture sensitivity. Powder packaging equipments accurately measure and dispense powder into bottles, sachets or capsules utilising methods including auger filling, vacuum filling or gravity filling.

Equipment for powder packing may have features like tamper-evident packaging, dust containment systems, and sealing mechanisms to guarantee the safety and integrity of the product. These devices are necessary to prolong shelf life, avoid contamination, and maintain product quality.

The market for pharmaceutical packaging equipment provides a variety of specialised equipments designed to meet the particular needs of powder form pharmaceuticals, as the demand for powdered medications increases due to factors like patient convenience, dose accuracy, and formulation versatility. This apparatus is essential to guaranteeing the effective and dependable packing of tablets for administration and ingestion.

For Instance,

• In March 2024, The SeamTec 2 Evolute for powdered products is introduced by JBT Corp. This advancement maintains the high-performing powder fundamental features—spill reduction, flexible package sizes, and explosion-proof technology—while enhancing hygienic design and cleanability, ergonomics, and equipment simplicity.
  

Key Players and Competitive Dynamics in the Pharmaceutical Packaging Equipment Market

The competitive landscape of the pharmaceutical packaging equipment market is dominated by established industry giants such as Robert Bosch GmbH, MULTIVAC Group, Coesia S.P.A., Romaco Group, Uhlmann Group, Marchesini Group S.p.A., Optima Packaging Group, Vanguard Pharmaceutical Equipment, Accutek Packaging Equipment Companies, Bausch + Strobel Maschinenfabrik Ilshofen GmbH + Co. KG, Industria Macchine Automatiche S.p.A., MG2 s.r.l., ACG Group, Syntegon Technology, Trustar Pharma & Packing Equipment, Inline Filling Systems, Dara Pharmaceutical Packaging, ARPAC LLC, N.K.P. Pharma, and Ropack.  These giants compete with upstart direct-to-consumer firms that use digital platforms to gain market share. Key competitive characteristics include product innovation, sustainable practices, and the ability to respond to changing consumer tastes.

Robert Bosch Enterprises Bosch, a company renowned for its technological prowess and inventiveness, concentrates on creating state-of-the-art packaging solutions that meet the changing demands of the pharmaceutical sector. Their approach entails ongoing research and development to introduce new technologies—like automation and robotics—with the goal of improving productivity, cutting expenses, and guaranteeing regulatory compliance.

For Instance,

• In December 2023, Pharmalucence Partners, a US company growing its contract pharmaceutical manufacturing business, purchased a filling line from Robert Bosch Packaging Technology.
  

MULTIVAC places a strong emphasis on adaptability and customisation in its packaging equipment selection. Their approach entails close collaboration with pharmaceutical businesses to provide customised packaging solutions that satisfy certain manufacturing demands and product specifications.

For Instance,

• In December 2023, the new production and sales facility of Multivac, a packaging solutions company, is now officially open. Ghiloth is an industrial district located 120 km southwest of Delhi, India.
  

Coesia has a diverse strategy, providing a wide range of packaging solutions and equipment through its subsidiaries. Their approach entails utilising the group's synergies between several companies to offer comprehensive packaging solutions that cater to the diverse requirements of the pharmaceutical industry.

For Instance,

• In February 2023, Oji Holdings Corporation, a prominent player in the Japanese pulp and paper sector, and Coesia, a group of innovative industrial and packaging solution companies, jointly announced that they have reached a final agreement.
  

Romaco is an industry leader in supplying innovative processing and packaging equipment to the pharmaceutical industry. Their approach focuses on creating high-performance equipments with innovative features like serialisation and tamper-evident packaging, with an emphasis on product innovation and differentiation.

For Instance,

• In March 2021, The Spanish processing technology producer STE Tecpharm, S. L. has been acquired by Romaco Holding GmbH and will now operate as Romaco Tecpharm, S. L. Initially, 75 percent of the share capital of owner-managed STE Tecpharm, S. L. was acquired by Romaco.
  

Pharmaceutical Packaging Equipment Market Player

Robert Bosch GmbH, MULTIVAC Group, Coesia S.P.A., Romaco Group, Uhlmann Group, Marchesini Group S.p.A., Optima Packaging Group, Vanguard Pharmaceutical Equipment, Accutek Packaging Equipment Companies, Bausch + Strobel Maschinenfabrik Ilshofen GmbH + Co. KG, Industria Macchine Automatiche S.p.A., MG2 s.r.l., ACG Group, Syntegon Technology, Trustar Pharma & Packing Equipment, Inline Filling Systems, Dara Pharmaceutical Packaging, ARPAC LLC, N.K.P. Pharma, and Ropack.

Browse More Insights of Towards Packaging:

• The global rigid packaging market size expected to increase from USD 209.48 billion in 2022 hit a presumed USD 333.17 billion by 2032, augmenting at a 4.8% CAGR between 2023 and 2032.
  
• The global plastic food packaging market size anticipated to rise from USD 54.98 billion in 2022 to attain a calculated USD 88.28 billion by 2032, increasing at a 4.9% CAGR between 2023 and 2032.
  
• The global paper and paperboard packaging market size was at USD 297.89 billion in 2022 to secure an estimated USD 452.74 billion by 2032, progressing at a 4.28% CAGR between 2023 and 2032.
  
• The global footwear packaging market size expected to increase from USD 5.45 billion in 2022 to achieve an approximation USD 8.26 billion by 2032, stretching at a 4.3% CAGR between 2023 and 2032.
  
• The global flexible plastic packaging market size to expand from USD 178.60 billion in 2022 to secure USD 289.52 billion by 2032, broadening at a 5.0% CAGR between 2023 and 2032.
  
• The packaging 5.0 recognizes of the increasing consumer demand for personalized products. To meet this demand, packaging technologies that combine big data and artificial intelligence are being implemented.
  
• The global secondary packaging market size presumed to grow from USD 232.85 billion in 2022 to reach a conjectured USD 366.81 billion by 2032, escalating at a 4.7% CAGR between 2023 and 2032.
  
• The global lip powder packaging market size prognosticated to elevate from USD 1,798.20 million in 2022 to hit a presumed USD 3,328.10 million by 2032, swelling at a 6.4% CAGR between 2023 and 2032.
  
  
• The global packaging automation market size predicted to climb from USD 64.70 billion in 2022 to obtain a projected USD 136.47 billion by 2032, widening at a 7.8% CAGR between 2023 and 2032.
  
• The global returnable transport packaging market size expected to increase from USD 8,786.68 million in 2022 to attain a calculated USD 16,570.80 million by 2032, evolving at 6.6% CAGR between 2023 and 2032.
  

Market Segments

By Equipment Type

• Filling
• Bottling
• Labelling
• Blenders
• Capping & Closing
• Palletizing
• Coding
• Wrapping
• Cartoning
• Sealing

By Product

• Primary Packaging Equipment
• Secondary Packaging Equipment
• Labelling and Serialization Equipment
  

By Application

• Powder
• Cream
• Tablets
• Syrup

By Region

• North America
• Asia Pacific
• Europe
• LAMEA

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