Pharmaceutical Packaging Equipment Market
Expected to Reach US$ 8800 Million by 2023
Global Pharmaceutical Packaging Equipment Market report explores
future trends for supply, demand and market growth rate, market
size, prices, trading, competition and value chain as well as Key
Players of the industry’s information with forecast from 2019 to 2023.
Global Pharmaceutical Packaging Equipment Market Synopsis:
According to Market Analyst, The Global Pharmaceutical Packaging Equipment Market is expected to
grow at an impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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Pharmaceutical Packaging Equipment market size to maintain the average annual growth rate of 8.01%
from 5000 million $ in 2014 to 6300 million $ in 2018, Market analysts believe that in the next few years,
Pharmaceutical Packaging Equipment market size will be further expanded, we expect that by 2023, The
market size of the Pharmaceutical Packaging Equipment will reach 8800 million $.
Some of the significant factors driving the growth of the Global Pharmaceutical Packaging Equipment
Market are 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.
Huge investments in latest technology to develop efficient equipment are a key focus of large
companies in this market. Product innovation is also what players in this market especially new market
participants are engaged in to establish a foothol.
Global Pharmaceutical Packaging Equipment Market has been segmented on the Basis of product, type,
And Region. Based on Type, Pharmaceutical Packaging Equipment Market can be sub segmented into
liquid, solid, semi-solid, and other packaging equipment. The liquid packaging equipment segment is
expected to account for the largest share of the global Pharmaceutical Packaging Equipment Market
during the forecast period of 2019 to 2023.
Regionally, Europe is expected to account for the largest share of the Pharmaceutical Packaging
Equipment Market in 2018, followed by North America and the Asia Pacific.