Syntegon Technology GmbH (Germany) and Korber AG (Germany) are Leading players in the Pharmaceutical Packaging Equipment Market
The global pharmaceutical packaging equipment market is projected to reach USD 12.4 billion by 2028 from USD 8.9 billion in 2023, at a CAGR of 7.0% from 2023 to 2028. The generic and biopharmaceutical markets' rapid development, the increase in OTC drug sales, the increasing demand for flexible and integrated packaging equipment, the expansion of pharmaceutical manufacturing offshore, the introduction of regulatory standards for packaging, and strict laws against counterfeiting are all factors driving the growth of the global pharmaceutical packaging equipment market. However, throughout the projected period, factors including the use of refurbished packaging equipment and the elevated price of packaging equipment will likely restrict market growth to some extent.
The prominent players in the global pharmaceutical packaging equipment market are Maquinaria Industries Dara, SL (US), MULTIVAC Group (Germany), Accutek Pharmaceutical Equipment Companies, Inc. (US), Trustar Pharma Pack Equipment, Co. Ltd. (China), MG2 s.r.l. (Italy), Busch Machinery (US), Inline Filling Systems (US), Duke Technologies (India), ARPAC LLC (US), ACIC Pharmaceuticals Inc. (Canada), Syntegon Technology GmbH (Germany), Trucking Technology Limited (China), NJM Packaging (US), IMA S.p.A. (Italy), Körber AG (Germany), Coesia S.p.A (Italy), Marchesini Group S.p.A (Italy), Bausch+Ströbel Maschinefabrik Ilshofen GmbH+Co. KG (Germany), Romaco Group (Germany), Vanguard Pharmaceutical Machinery, Inc. (US), OPTIMA Packaging Group (Germany), ACG Worldwide (India), Uhlmann Group (Germany), Harro Höfliger Verpackungsmaschinen GmbH (Germany), and AST, Inc. (US).
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Syntegon Technology GmbH - In 2022, Syntegon Technology GmbH is anticipated to hold a share of 15–16% of the market for pharmaceutical packaging equipment. This company is one of the top suppliers of pharmaceutical packaging materials. The business produces, markets, and distributes a range of drive and control technologies, packaging technologies, consumer goods, energy solutions, and building technology solutions, among other mobility and industrial technology solutions.
Körber AG - In 2022, Korber AG is anticipated to hold an estimated 11–13% market share for pharmaceutical packaging machinery. The business provides cutting-edge technologies to the pharmaceutical packaging sector, including custom patient-specific pharmaceutical solutions systems, full track and trace solutions, and standard packaging and inspection machinery. The business has an effective distribution network throughout Asia, Europe, and the Americas. Although Latin America is a market with strong potential for pharmaceutical packaging equipment, it only has a small presence there. Additionally, the business places little emphasis on developing new products, which can hurt its ability to compete.
IMA S.p.A. - In 2022, IMA S.P.A. was expected to hold a 10–11% market share for pharmaceutical packaging equipment worldwide. Equipment for both primary and secondary packing is available from the company in a variety of styles. Due to an increase in sales of its pharmaceutical packaging equipment over the past few years, the company has achieved a consistent growth in its overall revenue. More than 80 nations around the world are served by the company's global sales and distribution networks. Italian, German, French, Swiss, Spanish, UK, US, India, Malaysia, China, and Argentina are among the countries where IMA has production facilities. The company concentrates on acquisitions to expand its product portfolio and enhance its regional footprint in order to stay competitive in the market and further raise its share.
Related Reports:
Pharmaceutical Packaging Equipment Market by Product (Aseptic Packaging, Sachet, Carton, Case Packer, Wrapping Machine, Palletizing, Labeling & Serializing), Type (Syrup, Drops, Tablets, Powder, Aerosol), Automation, End User - Global Forecast to 2028
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