Pharmaceutical Packaging Equipment Market by Package

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MarketsandMarkets Presents
Pharmaceutical Packaging Equipment Market worth
6,181 Million by 2018

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armaceutical-packaging-equipment-market-19845828.h
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The 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 analyzes and studies the major
market drivers, restraints, and opportunities in
North America, Europe, Asia-Pacific, and the Rest
of the World (ROW). Browse gtgt
174 data tables, 26 figures 3670 pages
in-depth TOC on Pharmaceutical Packaging
Equipment Market http//www.marketsandmarkets.co
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The equipment for pharmaceutical packaging market
has experienced extensive growth in the past few
years, mainly due to the various advancements in
the pharmaceutical industry related to drug
delivery technologies. Factors that are expected
to boost the market growth include a majority of
the drugs going off-patent in the forecast period
leading to an increase in demand for packaging
equipment for pharmaceutical products and the
shift in use of conventional packaging lines in
response to the rising demand for flexible,
automated, and integrated packaging lines from
the pharmaceutical industry. However, the
increasing cost of raw materials, use of
refurbished packaging equipment for cost-cutting
activities preferred among smaller pharmaceutical
manufacturers in the emerging markets across APAC
and the Latin American region, and the
increasingly competitive environment are factors
that inhibit the growth of the market to a
certain extent. The global equipment for
pharmaceutical packaging market is segmented by
package type, product, geography, and country. It
also discusses the key market drivers,
restraints, and opportunities of this market and
its sub-markets. The market was valued at 4,525
million in 2013 and is expected to grow at a
healthy CAGR from 2013 to 2018.
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North America was a major market for global
pharma packaging equipment with a market share of
around 31 to 32 of the global market, closely
followed by Asia-Pacific. Increasing investments
in novel drug delivery techniques the
development of automated, integrated
pharmaceutical packaging lines to reduce downtime
of packaging increasing investments in the
pharmaceutical packaging industry by key market
players increase in the number of FDA-approved
manufacturing sites in low-cost manufacturing
locations and the rising demand for advanced
equipment for contract packaging of
pharmaceutical products are factors that have led
to the large market shares of the North American
and Asia-Pacific pharmaceutical packaging
equipment markets, respectively. The major
players in the equipment for pharmaceutical
packaging market are IMA S.p.A. (Italy), Robert
Bosch GmbH (Germany), Marchesini Group S.p.A.
(Italy), Körber AG (Germany), and Uhlmann Group
(Germany). Some of the other leading players in
the industry include Bausch Ströbel
Maschinenfabrik Ilshofen GmbH Co. KG (Germany),
CAM (Italy), Romaco Pharmatechnik GmbH (Germany),
Multivac Group (Germany), MG2 s.r.l. (Italy), and
Optima Packaging Group GmbH (Germany).
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