Pharmaceutical Packaging Equipment Market

Robert Bosch (Germany), and Körber (Germany) are the leading players in the Pharmaceutical Packaging Equipment Market

The global pharmaceutical packaging equipment market is projected to reach USD 8.9 billion by 2023 from USD 6.2 billion in 2018, at a CAGR of 7.4%. Factors such as growth in the generic and biopharmaceutical markets, the growing need for flexible and integrated packaging equipment, the increase in offshore pharmaceutical manufacturing, growing contract manufacturing of pharmaceutical products, and the introduction of regulatory standards on packaging & stringent norms against counterfeit products. Moreover, the pharmaceutical industry is witnessing a shift toward the use of biopharmaceuticals and biological drugs. This has led to an increased demand for innovative packages. However, owing to lower capital investment capabilities, smaller pharmaceutical manufacturers in emerging markets across the APAC and Latin American regions prefer refurbished packaging equipment is expected to restrain the growth of this market during the forecast period.

Robert Bosch (Germany), IMA (Italy), Marchesini Group (Italy), Körber (Germany), MG2 (Italy), Uhlmann Group (Germany), Accutek Packaging Equipment Companies (US), Vanguard Pharmaceuticals Machinery (US), Romaco Holding (Germany), Bausch + Ströbel (Germany), OPTIMA Packaging Group (Germany), ACG Worldwide (India), Coesia (Italy), and MULTIVAC Group (Germany) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches and enhancements; mergers and acquisitions; partnerships, agreements, and collaborations; and expansions.

Robert Bosch is the leading player in the pharmaceutical packaging equipment market. The company is engaged in the manufacturing, marketing, and distribution of a variety of mobility and industrial technology solutions, such as drive and control technologies; packaging technologies; and consumer goods & energy and building technology solutions. The company has experienced steady revenue growth from the past five years. The company reported a 6.8% increase in its total revenue to reach USD 88.22 billion in 2017 from USD 80.92 billion in 2016. The revenue generated from its Industrial Technology business segment (through which the company operates in the pharmaceutical packaging equipment market) also witnessed a 7.8% increase from 2016 to 2017.

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The company has 125 engineering locations worldwide and 440 subsidiaries and regional companies in 60 countries. It has sales and service partners in around 150 countries across Africa, the Americas, Asia, Australia/Oceania, Europe, and the Middle East. The company primarily focuses on developing innovative products, strengthening its existing product line, and increasing its market share through product launches.

Körber AG is the second-largest player in the global pharmaceutical packaging equipment market in 2018. The company offers cutting-edge technologies for the pharmaceutical packaging industry through its standard packaging and inspection machines, comprehensive track and trace solutions, as well as systems for patient-specific pharmaceutical solutions. The company also has a strong distribution network across the Americas, Europe, and Asia, enabling long-term revenue generation. However, it has a limited presence in the Latin American market, which is a high-growth market for pharmaceutical packaging equipment. Moreover, the company has relatively has a limited focus on new product developments which could negatively impact its competitiveness. The company’s focus on inorganic growth strategies such as mergers and acquisitions has helped it establish a strong hold in different markets and reap long-term benefits.  In line with this, in November 2017, Körber AG acquired Seidenader and Werum IT Solutions in the areas of MES (manufacturing execution systems) and serialization to strengthen existing skill sets in the companies and to increase expertise in the consulting business.

Related Reports:

Pharmaceutical Packaging Equipment Market by Product (Aseptic Packaging, Blister, Strip, Bottle, Tube, Cartoning, Case Packer, Wrapping Machine, Palletizing, Labeling & Serialization), Type (Tablet, Powder, Cream, Syrup, Aerosol) - Global Forecast to 2023

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Report Code
PH 2224
Published ON
Nov, 2018
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