Published on : Mar 21, 2016
The demand for pharmaceutical packaging has been increasing continuously in the pharmaceutical industry, and so has been the usage of pharmaceutical packaging equipment. Along with this factor, the increasing demand for integrated packaging technologies is bolstering the global pharmaceutical packaging equipment market significantly.
Increasing Investment in Drug Development Fuels North America Pharmaceutical Packaging Equipment Market
North America led the global pharmaceutical packaging equipment in 2014 with a revenue share of 32.2%. The U.S. dominated the market for pharmaceutical packaging equipment in North America and was closely followed by Canada. The increase in the investment for the discovery as well as development of new drugs, along with the massive growth of the pharmaceutical industry in this region has boosted the demand for pharmaceutical packaging equipment in North America.
Asia Pacific stood at the second position in 2014 among all the regional markets for pharmaceutical packaging equipments. The rising investment in the high growth markets such as India and China is considered as the key factor behind this growth in the Asia Pacific pharmaceutical packaging equipments market. Apart from this, the increasing number of market participants, looking to penetrate in Asia Pacific through establishing production units, is likely to strengthen the pharmaceutical packaging equipments market in this region over the next few years.
Liquid Packaging Equipment Enjoy Highest Demand in Global Arena
Based on products, liquids packaging equipment were the most demand pharmaceutical packaging equipment in 2014 with a share of more than 45% and is projected to maintain its position in the coming years. Here is a snapshot of the performance of other segments.
Robert Bosch GmbH, MULTIVAC Group, Bausch+Strobel Maschinenfabrik Ilshofen, Körber AG, Uhlmann Pac-Systeme GmbH, and OPTIMA Packaging are the prime manufacturers of pharmaceutical packaging equipment across the world.