Pharmaceutical Packaging Equipment Market

Market Leader - Pharmaceutical Packaging Equipment Market

The global pharmaceutical packaging equipment market size is projected to reach USD 10.4 billion by 2025 from USD 7.3 billion in 2020, at a CAGR of 7.4% from 2020 to 2025. The growth of the global pharmaceutical packaging equipment market is driven by the rapidly growing generic and biopharmaceutical markets, growth in OTC drug sales, rising need for flexible and integrated packaging equipment, increased offshore manufacturing in the pharmaceuticals market, and the introduction of regulatory standards on packaging and stringent norms against counterfeiting. However, factors such as the adoption of refurbished packaging equipment and the high cost of packaging equipment are expected to restrain market growth to a certain extent during the forecast period.

The prominent players in the pharmaceutical packaging equipment industry are Syntegon Technology (Germany), IMA S.p.A. (Italy), Körber AG (Germany), Uhlmann Group (Germany), OPTIMA Packaging Group (Germany), Romaco Holding (Germany), Marchesini Group (Italy), ACG Worldwide (India), Coesia S.p.A. (Italy) and MULTIVAC Group (Germany). These players have adopted various growth strategies such as acquisition, product launches, agreements, partnerships, and expansion to increase their presence and reach in the pharmaceutical packaging equipment market.

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ROBERT BOSCH (SYNTEGON TECHNOLOGY)

Syntegon Technology was the leading player in the global pharmaceutical packaging equipment market in 2019. The company is among the leading suppliers of pharmaceutical packaging products. The company is engaged in the manufacturing, marketing, and distribution of various mobility and industrial technology solutions, such as drive and control technologies, packaging technologies, consumer goods & energy solutions, and building technology solutions.

KÖRBER AG

Körber was 2nd biggest player in pharmaceutical packaging equipment market in 2019. The company offers cutting-edge technologies for the pharmaceutical packaging industry, such as standard packaging and inspection machines, comprehensive track and trace solutions, as well as systems for patient-specific pharmaceutical solutions. The company has a strong distribution network across the Americas, Europe, and Asia. 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 a limited focus on new product developments, which could negatively impact its competitiveness. The company’s focus on inorganic growth strategies, such as acquisitions, has helped it establish a stronghold in different markets and reap long-term benefits.

IMA

IMA was 3rd biggest player in pharmaceutical packaging equipment market in 2019. The company offers a wide range of primary packaging and secondary packaging equipment. Over the past few years, the company has reported a continuous increase in its total revenue due to the rise in its packaging equipment for pharmaceutical product sales. The company’s sales and distribution networks are located in more than 80 countries across the globe. IMA has manufacturing sites in Italy, Germany, France, Switzerland, Spain, the UK, the US, India, Malaysia, China, and Argentina. To remain competitive in the market and further increase its share, the company focuses on acquisitions to broaden its product portfolio and increase its geographical presence.

Related Reports:

Pharmaceutical Packaging Equipment Market by Product (Aseptic Packaging, Blister, Strip, Bottle, Tube, Carton, Case Packer, Wrapping Machine, Palletizing, Labeling & Serialization), Type (Tablet, Powder, Cream, Syrup, Aerosol), Region - Global Forecast to 2025

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Report Code
PH 2224
RI Published ON
10/23/2020
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