Pharma Packaging Machinery Market to Post 9.7% CAGR Through 2022, States Stratistics MRC in Its Report Available at MarketPublishers.com
06 Mar 2017 • by Natalie Aster
LONDON – Globally, the pharmaceutical packaging machinery market was estimated at USD 4.56 billion as of 2015 and is projected to amount to USD 8.71 billion by 2022, posting a 9.7% CAGR. The market growth is being driven by the fast-paced development of the pharmaceutical sector, surging requirement of drug-delivery devices and blister packs and nanotechnology. Ever, challenges existing across emerging markets, rising overall packaging prices, strict sanitary rules and political and environmental norms and standards worldwide are amid the major factors restraining growth of the sector.
Based on package type, blister packaging and sealing captured the lion’s market share owing to the rising focus on biologics and the uptake of single-use medications. Additionally, increasing use of parental vials and prefillable syringes are augmenting packaging demand.
Region-wise, North America is the leading market, and the APAC region is set to post the fastest growth on the back of expanding contract production and off-shoring of pharmaceutical production.
Bradman Lake Group, IMA, Bausch & Ströbel Maschinenfabrik Ilshofen, Loveshaw Corp., Körber, Marchesini Group Spa, Multivac Group, Mg2, Optima Packaging Group, and Norden Machinery AB, amid others, are the dominant players of the pharmaceutical packaging machinery marketplace.
Insightful research report “Pharmaceutical Packaging Machinery - Global Market Outlook (2016-2022)” developed by Stratistics MRC offers a detailed analysis of the market on a global level. The study gives detailed market share analyses by region and country; offers market shares of the most prominent industry players. The report examines market trends, market growth driving and restraining factors, threats, challenges, and investment opportunities. The report explores the competitive scene, includes company profiles including the players’ detailed strategies, financials, and recent developments. It examines the trends in the supply chain examining the up-to-the-minute technological advances. The report also offers detailed market forecasts over the next 7 years for the market and each segment and sub segments and region-wise. Furthermore, strategic recommendations for the new market entrants are provided, too.
More insightful market studies by Stratistics MRC can be found at its page.