DALLAS, February 10, 2014 /PRNewswire/ --
The "Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018," analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (ROW).
Browse 174 market data tables and 26 figures spread through 367 pages and in-depth TOC on "Pharmaceutical Packaging Equipment Market"
Early buyers will receive 10% customization on this report.
This report studies the global Pharmaceutical Packaging Equipment Market, with forecast to 2018.
The Pharmaceutical Packaging Equipment Market has experienced extensive growth in the past few years, mainly due to the various advancements in the pharmaceutical industry related to drug delivery technologies. Factors that are expected to boost the market growth include a majority of the drugs going off-patent in the forecast period leading to an increase in demand for packaging equipment for pharmaceutical products and the shift in use of conventional packaging lines in response to the rising demand for flexible, automated, and integrated packaging lines from the pharmaceutical industry. However, the increasing cost of raw materials, use of refurbished packaging equipment for cost-cutting activities preferred among smaller pharmaceutical manufacturers in the emerging markets across APAC and the Latin American region, and the increasingly competitive environment are factors that inhibit the growth of the market to a certain extent.
The global Pharmaceutical Packaging Equipment Market is segmented by package type, product, geography, and country. It also discusses the key market drivers, restraints, and opportunities of this market and its sub-markets. The market was valued at $4,525 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018.
North America was a major market for global Pharmaceutical Packaging Equipment with a market share of around 31% to 32% of the global market, closely followed by Asia-Pacific. Increasing investments in novel drug delivery techniques; the development of automated, integrated pharmaceutical packaging lines to reduce downtime of packaging; increasing investments in the pharmaceutical packaging industry by key market players; increase in the number of FDA-approved manufacturing sites in low-cost manufacturing locations; and the rising demand for advanced equipment for contract packaging of pharmaceutical products are factors that have led to the large market shares of the North American and Asia-Pacific Pharmaceutical Packaging Equipment Markets, respectively.
The major players in the Pharmaceutical Packaging Equipment Market are IMA S.p.A. (Italy), Robert Bosch GmbH (Germany), Marchesini Group S.p.A. (Italy), Körber AG (Germany), and Uhlmann Group (Germany). Some of the other leading players in the industry include Bausch & Ströbel Maschinenfabrik Ilshofen GmbH Co. KG (Germany), CAM (Italy), Romaco Pharmatechnik GmbH (Germany), Multivac Group (Germany), MG2 s.r.l. (Italy), and Optima Packaging Group GmbH (Germany).
Browse related reports
Pharmaceutical Excipients Market [By Products (Carbohydrates, Oleochemicals, Petrochemicals, Polymers, Microcrystalline Cellulose, Sugar, Calcium carbonate), By Functionality (Fillers, Binders, Lubricants, Preservatives)] - Global Forecast to 2018
Active Pharmaceutical Ingredient (API) Market Trends, Competitive Landscape and Global Forecasts (2011-2016)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, healthcare information technology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, agriculture industry, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/pharmaceuticals
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets