Pharmaceutical Packaging Equipment Market

Pharmaceutical Packaging Equipment Market: Aseptic Packaging and Blister Packaging Will Lead the Market

The aseptic packaging equipment market is poised to grow at a higher CAGR of 8.9% from 2013 to 2018. This is due to the innovations in drug delivery techniques leading to individual dosage units like prefilled syringes backed by the increasing availability and use of biologicals and pharmaceuticals based on biotechnology and nanotechnology as well as the growing trend towards self-administration. Therefore, this is an exciting market for pharmaceutical packaging equipment manufacturers to invest in.

The global pharmaceutical packaging equipment market was majorly dominated by North America, followed closely by Asia-Pacific in 2013. By 2018, Asia-Pacific will surpass North America to drive and dominate the pharmaceutical packaging equipment market. The market share of North America will decrease slightly to 28.1%, primarily due to the increased focus on outsourcing manufacturing processes to Asian manufacturers or setting up of manufacturing facilities in Asian nations and in some Latin American countries. The growth of the Asian market will primarily be driven by India and China. This can be mainly attributed to the rising demand for healthcare driven by growth in per capita income, increasing investments in the pharmaceutical packaging industry by key market players, increase in number of FDA-approved manufacturing sites in low-cost manufacturing locations, and the rising demand of advanced equipment for contract packaging of pharmaceutical products. The European market is expected to grow at a higher pace than North America mainly due to increasing investments in novel drug delivery techniques; continuous efforts of pharmaceutical companies to offer superior quality products; and increase in demand for flexible, automated, and high throughput packaging equipment.

By 2018, aseptic packaging equipment will continue to drive and dominate the pharmaceutical packaging equipment market, followed by blister packaging equipment market which is expected to grow at a CAGR of 7.6% during the forecast period. Primary packaging equipment used for packaging products including solids, semi–solids, and liquids was considered for market sizing by product type. Among product types, aseptic liquids accounted for the maximum share of 42.3% of the pharmaceutical packaging equipment market in 2013, followed by tablets (18.9%) and ointments (6.2%). China is the second-largest market for aseptic liquids after U.S., and also holds tremendous growth potential for the same during the forecast period of 2013 to 2018.

Related Reports:

Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018
https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-equipment-market-19845828.html

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Report Code
PH 2224
RI Published ON
2/11/2014
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