Transparency Market Research, a leading market analysis and intelligence firm, has released a new report on the global pharmaceutical packaging equipment market. The report makes use of historical data about the market and, based on granular analysis of the same, forecasts the development of the market in the coming years. The report, titled ‘Pharmaceutical Packaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, is available on the company’s website for sale.
Browse the full Pharmaceutical Packaging Equipment Market By Product Type (Solids Packaging Equipment, Semi-solids Packaging Equipment and Liquids Packaging Equipment) and By Package Type (Primary Packaging Equipment and Secondary Packaging Equipment, - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/pharmaceutical-packaging-equipment-market.html
The global pharmaceutical packaging equipment was worth US$5.1 bn in 2014, according to TMR analysts. It is expected to rise to a valuation of US$8.1 bn by 2021, exhibiting a 6.80% CAGR therein. The report backs up these figures with detailed analysis of the historical statistics and the factors affecting the market’s trajectory at present.
Packaging plays a key role in the pharmaceutical industry. The key use of packaging naturally lies in keeping the pharmaceutical products safe from any damage due to environmental exposure. Exposure to oxygen or water vapor can even alter the composition of pharmaceutical products, making them unfit for medical use or even dangerous in some cases.
Many countries around the world have imposed strict legislations regarding the safety of pharmaceutical products. This has helped the global pharmaceutical packaging equipment market massively. Ensuring the authenticity of pharmaceutical products is also an important task that packaging can perform, and the rising threat of counterfeit pharmaceuticals has boosted the pharmaceutical packaging equipment market in this respect.
The growth of the global pharmaceutical industry is the most important growth driver for the pharmaceutical packaging equipment market. The rise in recent years in the prevalence of contagious diseases such as bacterial and viral infections, which can mostly be cured through pharmaceutical products, has helped the pharmaceutical packaging equipment market.
Of the types of pharmaceutical packaging, the global pharmaceutical packaging market is segmented into primary and secondary pharmaceutical packaging equipment. Primary packaging equipment, which deals with unitary packaging of single doses of pharmaceutical products, leads the global market. Within the primary pharmaceutical packaging equipment segment, aseptic filling and sealing equipment, blister packaging equipment, sachet packaging equipment, soft tube filling and sealing equipment, and bottle filling and sealing equipment are the major types.
The market for bottle filling and sealing pharmaceutical packaging equipment is helped by the dominant share of liquid pharmaceutical product packaging, which holds 45% of the global market. Solid and semi-solid pharmaceutical packaging equipment are the other two segments of the global pharmaceutical packaging equipment market based on type of the pharmaceutical product.
The report also examines the global market according to the key regional segments, among which North America leads the market, followed by Asia Pacific. The two regional segments have shares either side of 30%, with increasing technological development in pharmaceutical packaging equipment helping the North America market dominate the global market.
Key players operating in the fragmented global pharmaceutical packaging equipment market include Robert Bosch GmbH, Korber AG, Multivac Group, Optima Packaging Group GmbH, and Uhlmann Group. The report contains detailed profiles of these and other prime players in the global pharmaceutical packaging equipment market, providing a comprehensive overview of the competitive landscape of the global market.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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