Research and Markets’ latest Pharmaceutical Packaging Equipment Market Global Forecast offers an in-depth insight into the market until 2025, identifying increasing OTC drug sales as one key driver.
Additionally, the report shows that the following are driving the growth of the market:
- The rapidly growing generic and biopharmaceutical markets
- The rising need for flexible and integrated packaging equipment
- Increased offshore manufacturing in the pharmaceuticals market
- The introduction of regulatory standards on packaging and stringent norms against counterfeiting
However, factors such as the adoption of refurbished packaging equipment and the high cost of packaging equipment are expected to restrain market growth to a certain extent during the forecast period.
See it Live at PACK EXPO Connects Nov. 9-13: E-Commerce Packaging Solutions, by Ben Clements and Sons, Inc. Preview the Showroom Here.
Based on the product, the pharmaceutical packaging equipment market is segmented into primary packaging equipment, secondary packaging equipment, and labeling and serialization equipment. According to the report, the labeling and serialization equipment segment is expected to witness the fastest growth during the forecast period. This can be attributed to the increasing number of counterfeit drugs, especially in developing countries, which is expected to increase labeling and serialization equipment demand.
The study includes a competitive analysis of the key players in the pharmaceutical packaging equipment market, along with their company profiles, observations related to product and business offerings, recent developments, and key market strategies. Download the report here.
Join us for “The Most Engaging Virtual Event for the Entire Industry” at PACK EXPO Connects, November 9-13. Live demos of equipment and products, live chat with product experts, expedited product search, and more. Attendee registration open now!
Other articles you may be interested in: