Pharmaceutical Packaging Equipment Market Research Report and Forecas Pharmaceutical Packaging Equipment Market | Page 2

The global pharmaceutical packaging equipment market, by product type is divided
into three major segments, which include solids packaging equipment, semi-solids
packaging equipment and liquids packaging equipment. Liquids packaging
equipment held the largest share in global pharmaceutical packaging equipment
market in 2016. The segment is gaining from the increasing use of liquid dosages
for effective filling of liquid products with high precision and accuracy. The major
reason is attributed to increasing usage of liquid dosages by end users and demand
for effective filling of liquid products with high precision and accuracy. The market
for liquid packaging equipment is further segmented into eye or ear drop packaging
equipment, aerosol packaging equipment and syrup packaging equipment.
Furthermore, the market for solids packaging equipment is classified into tablet
packaging equipment, capsule packaging equipment and powder packaging
equipment.
Based on package type, the global pharmaceutical packaging equipment market
can be bifurcated into primary packaging equipment and secondary packaging
equipment. Of these, primary packaging equipment constituted the leading
segment in 2016 on account of the rising demand for unit dosage forms. Exhibiting
a CAGR of 6.6% between 2-17 and 2025, the segment is forecast to remain the lead
through the forecast period. The market for primary packaging equipment is further
divided into aseptic filling and sealing equipment, bottle filling and capping
equipment, blister packaging equipment, soft tube filling and sealing equipment,
sachet packaging equipment and others. Furthermore, the market for secondary
packaging equipment is classified into cartoning equipment, case packaging
equipment, wrapping equipment and others.
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North America Emerges as Dominant Regional Market for Pharmaceutical
Packaging Equipment
The global pharmaceutical packaging equipment market has been segmented
broadly into North America, Europe, Asia Pacific, Middle East and Africa and Latin
America. In terms of revenue, North America acquired the largest share of 31.8% in
the market in 2016. The increasing investment in the development of novel
medicaments along with expansion of the pharmaceutical industry has fuelled the
deployment of advanced pharmaceutical packaging equipment in this region. Due
to the growing demand for efficient and accurate filling of liquid products in the
pharmaceutical sector, rising demand for liquid dosage products among patients,
and expansion of pharmaceutical packaging equipment manufacturing facilities in
emerging economies, the pharmaceutical packaging equipment market will tread
along a positive curve through the forecast period.