A recent report published by Infinium Global Research on pharmaceutical packaging equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional pharmaceutical packaging equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pharmaceutical packaging equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global pharmaceutical packaging equipment market. According to the report, the global pharmaceutical packaging equipment market is projected to grow at a CAGR of 7.2% over the forecast period of 2019-2025.
An increase in the occurrence of chronic and infectious diseases is the major driver driving the growth of the global pharmaceutical packaging equipment market. Growing demand for flexible and integrated packaging and innovations in drug delivery techniques also plays a major role in the growth of the market. Furthermore, increasing popularity for environment-friendly and reusable packaging is also driving the growth of the pharmaceutical packaging equipment market. However, strict environmental and political rules, high packaging costs, and high competition between the market players are some of the major factors that may hamper the growth of the global pharmaceutical packaging equipment market. Moreover, growing health awareness and expenditure and digitalization of healthcare systems creates an opportunity for the growth of the pharmaceutical packaging equipment market in the upcoming years.
In terms of region, the pharmaceutical packaging equipment market has been categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Among all regions, North America holds the maximum market share and is expected to dominate the global market during the forecast period. This is primarily due to the growing investment in the expansion of novel medicaments along with the development of the pharmaceutical industry. Europe is expected to be the second-largest region in the pharmaceutical packaging equipment market over the forecast period. This is mainly due to the presence of a large number of pharmaceutical packaging equipment manufacturing companies in the region. Furthermore, increasing the elderly population and increasing demand for technologically sophisticated and high-efficacy equipment also plays a key role in the growth of the pharmaceutical packaging equipment market. Moreover, Asia-Pacific is anticipated to grow at a beneficial rate during the forecast period. This is attributed to the growing contract manufacturing activities, rising aging population, government initiatives and growth in the pharmaceutical sector.
The report on global pharmaceutical packaging equipment market covers segments such as product and type. On the basis of product, the sub-markets include primary packaging equipment, secondary packaging equipment, and labeling and serialization equipment. On the basis of type, the sub-markets include liquid packaging equipment, solid packaging equipment, and semi-solid packaging equipment.
The report provides profiles of the companies in the market such as Korber Ag, MULTIVAC, Marchesini Group S.p.A., Romaco Pharmatechnik GmbH, Robert Bosch Gmbh, MG2 s.r.l., Uhlmann, I.M.A. Industria Macchine Automatiche S.p.A., OPTIMA packaging group GmbH, Bausch + Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pharmaceutical packaging equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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