Meticulous Research® has unveiled its detailed market report, "Pharmaceutical Processing and Packaging Equipment Market Size, Share, Forecast, & Trends Analysis by Formulation, Secondary Packaging, End-of-line Packaging—Global Forecast to 2031." Highlighting significant growth, the market is anticipated to achieve a valuation of $30.8 billion by 2031, growing at a CAGR of 5.3%.
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Key Growth Drivers
1. Chronic Disease Burden: The global rise in chronic conditions necessitates efficient pharmaceutical manufacturing and packaging solutions.
2. Aging Populations: Aging demographics across major regions increase demand for specialized formulations and convenient packaging formats.
3. Biopharmaceutical Growth: With biopharmaceuticals witnessing unprecedented demand, cutting-edge equipment is critical for maintaining product integrity.
Regional Insights
In 2024, North America is forecasted to dominate the global landscape, holding a 35.9% market share. This commanding position is attributed to significant pharmaceutical spending, government initiatives fostering domestic production, and robust export capabilities. Europe and Asia-Pacific closely follow, propelled by technological advancements and burgeoning healthcare needs.
Industry Leaders
Prominent companies shaping the industry include: ACIC Pharmaceuticals, Inc. (copyright), Bausch+Ströbel (Germany), IDEX Corporation (U.S.), JECKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Körber AG (Germany), KORSCH AG (Germany), Mettler-Toldeo International, Inc. (U.S.), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), Optel Group (copyright), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), Wenzhou Trustar Machinery Technology Co., Ltd (China), SaintyCo (China), ACG (India), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A. (Italy), Cadmach Machinery Co. Pvt. Ltd (India), CAM Packaging IT (Italy), Coesia S.p.A. (Italy), Fette Compacting (Germany), Freund Corporation (Japan), GEA Group (Germany), Glatt GmbH (Germany). These organizations are pivotal in developing innovative solutions that align with market demands.
Processing Equipment Market Share
By 2024, processing equipment is projected to account for 51.8% of the market share. This significant share is due to the growing preference for oral liquid dosages, particularly among geriatric and pediatric populations, which drives demand for processing equipment.
Geographical Market Distribution
The report evaluates key geographic markets, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest market share at 35.9% by 2024, driven by increased pharmaceutical expenditure and supportive government initiatives. The pharmaceutical industry’s expansion plans to meet future demand are likely to further enhance the demand for processing and packaging equipment in the region.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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