The growth of the global pharmaceutical packaging equipment market is driven by the rapidly growing generic & biopharmaceutical markets, growth in OTC drug sales, rising need for flexible and integrated packaging equipment, increased offshore manufacturing in the pharmaceuticals market, the introduction of regulatory standards on the 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.
The global Pharmaceutical packaging equipment market is projected to reach USD 11.9 Billion by 2027 from USD 8.4 Billion in 2022, at a CAGR of 7.2% from 2022 to 2027.
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The global pharmaceutical packaging equipment market are Robert Bosch GmbH (Syntegon Technology GmbH) (Germany), IMA S.p.A. (Italy), Körber AG (Germany), Coesia S.p.A (Italy), Marchesini Group S.p.A (Italy), Bausch+Ströbel Maschinefabrik Ilshofen GmbH+Co. KG (Germany), Romaco Group (Germany), Uhlmann Group (Germany), Maquinaria Industries Dara, SL (US), MULTIVAC Group (Germany), Accutek Pharmaceutical Equipment Companies, Inc. (US), Vanguard Pharmaceutical Machinery, Inc. (US), OPTIMA Packaging Group (Germany), ACG Worldwide (India), Trustar Pharma Pack Equipment, Co. Ltd. (China), MG2 s.r.l. (Italy), Busch Machinery (US), Inline Filling Systems (US), Duke Technologies (India), ARPAC LLC (US), ACIC Pharmaceuticals Inc. (Canada), Harro Höfliger Verpackungsmaschinen GmbH (Germany), AST, Inc. (US), Truking Technology Limited (China), and NJM Packaging (US). These companies adopted strategies such as acquisitions, partnerships, expansions, and product launches to enhance their presence in the pharmaceutical packaging equipment market.
Robert Bosch GmbH (Syntegon Technology GmbH) accounted for an estimated share of 10-15% of the global pharmaceutical packaging equipment market in 2020. The company is among the leading suppliers of pharmaceutical packaging products. The company is engaged in the manufacturing, marketing, and distribution of a variety of mobility and industrial technology solutions, such as drive and control technologies, packaging technologies, consumer goods, energy solutions, and building technology solutions.
Request Sample Pages:- https://www.marketsandmarkets.com/requestsampleNew.asp?id=19845828 Körber AG accounted for an estimated share of 11-13% of the global pharmaceutical packaging equipment market in 2020. The company offers cutting-edge technologies for the pharmaceutical packaging industry, such as standard packaging and inspection machines, comprehensive track and trace solutions, and systems for patient-specific pharmaceutical solutions. The company has a strong distribution network across the Americas, Europe, and Asia. However, it has a limited presence in the Latin American market, which is a high-growth market for pharmaceutical packaging equipment. Moreover, the company has a limited focus on new product developments, which could negatively impact its competitiveness. The company’s focus on inorganic growth strategies such as acquisitions has helped it establish a stronghold in different markets and reap long-term benefits.
