Pharmaceutical packaging machinery market to register CAGR of 9.6% uptil 2022

27-Dec-16

The global pharmaceutical packaging machinery market is expected to reach US$8.25 bln by 2022 growing at a CAGR of 9.6% during the forecast period 2014 to 2022, as per Stratistics MRC. Rapid growth of pharmaceutical industry, growing demand for drug delivery devices & blister packaging and nanotechnology contribute for the market growth. Asia Pacific represents the largest as well as the fastest growing market worldwide.
Challenges in emerging markets, increasing overall packaging costs, strict global health rules and environmental & political norms are some of the key factors hampering the market growth. Global demand for primary pharmaceutical containers pose plenty of opportunities for the vendors involved in this market. The manufacturing equipment for all sizes of tablets, capsules, ointments, cosmetics, liquid for pharmaceutical industry is available in the market.

Based on type, market is segregated into blister packaging machinery, strip packaging machinery, filling and capping machinery, cartoning machinery, wrapping machinery, pre-fillable inhalers, tray packaging machinery and others. Based on product type, the market is categorised into Solids Packaging Equipment, Semi-Solids Packaging Equipment, Liquids Packaging Equipment and Other Packaging Type. Solids Packaging Equipment is further divided into capsule, tablet, powder and others. Semi-Solids Packaging Equipment is further divided into ointment, cream and others. Liquids Packaging Equipment is further segmented into syrup, aerosol and others.