Medical Device Pharmaceutical Packaging Equipment Market Size | Page 2

REPORT DESCRIPTION
Pharmaceutical Packaging Equipment Market – Overview
Pharmaceutical packaging and labeling is one of the vital requisite in the pharmaceutical industry to fulfill
the need of safe delivery of products to the consumers providing reliable and speedy packaging solutions. It
delivers quality products, product protection, patient comfort and also fulfills security needs. The recent
innovation in the packaging solutions like child-resistant packs, blow fill seal (BFS) vials, anti-counterfeit
measures, plasma impulse chemical vapor deposition (PICVD) coating technology, snap off ampoules and
prefilled syringes like or two-in-one prefilled vials is bringing a boom in the industry.
High demand for generic and pharmaceutical products, growing contract pharmaceutical and offshore
pharmaceutical manufacturing, and increasing need for flexible and integrated packaging equipment are
some of the factors driving growth of the pharmaceutical packaging equipment market.
The global pharmaceutical packaging equipment market was valued at US$ 6.97 Bn in 2017, and is
expected to witness a CAGR of 8.2% during the forecast period (2018 – 2026).