Market Size of Asia-Pacific Pharmaceutical Packaging Machinery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Pharmaceutical Packaging Machinery Market Analysis
The Asia-Pacific pharmaceutical packaging machinery market is expected to register a CAGR of 7.5% during the forecast period (2022 - 2027).
- Packaging pharmaceutical products and drug delivery systems are essential in the pharmaceutical industry. Pharmaceutical packaging machinery provides safety and quality in packaging pharmaceutical products.
- Pharmaceutical packaging refers to packaging products made by utilizing compatible materials that are used for the storage and transfer of drugs. Depending on the nature of the drug, packaging products are selected from a range of product types and material types to provide identification and protection and ensure the enclosed drug product's integrity. Thus, pharmaceutical packaging machinery offers primary packaging, secondary packaging, and labeling and serialization solutions for pharmaceuticals.
- The emergence of the COVID-19 pandemic has significantly impacted the market due to disruptions in the supply chain owing to extended factory closures and delayed production.
- The demand for pharmaceutical packaging machinery will increase over the next two to three years. During COVID-19, the vaccine suppliers have expanded their capacity to meet the rising demand. This scenario is expected to create new growth opportunities in the pharmaceutical packaging machinery market.
- The pharmaceutical packaging machinery market has a direct correlation with the pharmaceutical market. Any changes in demand for pharmaceutical drugs will positively impact the packaging machinery markets, as higher demand for new drugs leads to a greater need for packaging, thereby impacting the growth of the studied market.
APAC Pharmaceutical Packaging Machinery Industry Segmentation
The scope of the Asia-Pacific pharmaceutical packaging machinery includes analysis of different packaging machinery available to deliver efficient solutions for preparing pharmaceutical products for distribution. Different types of packaging machinery available for the pharmaceutical industry are Primary Packaging (Aseptic Filling and Sealing Equipment, Bottle Filling and Capping Equipment, Blister Packaging Equipment), Secondary Packaging (Cartoning Equipment, Case Packaging Equipment, Wrapping Equipment, Tray Packing Equipment), and Labelling and Serialization (Bottle and Ampule Labelling and Serialization Equipment, Carton Labelling, and Serialization Equipment).
The market is segmented by region (China, India, Japan, South Korea, and the Rest of APAC). The study analyzes the trends of the key players in the industry and includes the impact of COVID-19 on the market.
By Machinery Type (Overview, Forecasts, Key Trends and Market Outlook) | |||||||
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By Region (Overview, Forecasts, key Trends and Market Outlook) | |
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Rest of APAC |
Asia-Pacific Pharmaceutical Packaging Machinery Market Size Summary
The Asia-Pacific pharmaceutical packaging machinery market is poised for significant growth, driven by the increasing demand for efficient and secure packaging solutions in the pharmaceutical industry. This market is integral to ensuring the safety, quality, and integrity of pharmaceutical products through advanced packaging, labeling, and serialization technologies. The sector has been influenced by the COVID-19 pandemic, which disrupted supply chains but also spurred demand as vaccine production ramped up. The market's expansion is closely tied to the pharmaceutical industry's growth, with rising drug demand necessitating more sophisticated packaging machinery. Regulatory pressures and the need for sustainability are also shaping the market, pushing manufacturers to innovate and comply with stringent safety standards.
China and India are key players in this market, with China experiencing a surge in new drug approvals, thereby boosting the demand for packaging machinery. India's pharmaceutical sector, a global leader in generic drugs, is attracting significant investments and expanding its manufacturing capabilities, further driving market growth. The competitive landscape is marked by the presence of major players like Robert Bosch GmbH and Marchesini, with ongoing mergers and acquisitions enhancing technological capabilities and market reach. The introduction of advanced, integrated packaging solutions and the increasing need for aseptic filling lines due to vaccine production are notable trends. These developments underscore the market's dynamic nature and its critical role in the broader pharmaceutical supply chain.
Asia-Pacific Pharmaceutical Packaging Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Buyers/Consumers
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1.3.2 Bargaining Power of Suppliers
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1.3.3 Threat of Substitute Products
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1.3.4 Threat of New Entrants
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1.3.5 Intensity of Competitive Rivalry
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1.4 Impact of COVID-19 on the Packaging Machinery Industry
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1.5 Market Drivers
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1.5.1 High demand in key end-user markets
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1.5.2 Ongoing technological developments
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1.5.3 Impact of Safety Standards and Regulations in the pharmaceutical industry
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1.6 Market Restraints
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1.6.1 High costs and import duties pose a challenge for new customers
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1.6.2 Capital Intensive manufacturing process
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2. MARKET SEGMENTATION
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2.1 By Machinery Type (Overview, Forecasts, Key Trends and Market Outlook)
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2.1.1 Primary Packaging
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2.1.1.1 Aseptic Filling and Sealing Equipment
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2.1.1.2 Bottle Filling and Capping Equipment
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2.1.1.3 Blister Packaging Equipment
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2.1.1.4 Others
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2.1.2 Secondary Packaging
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2.1.2.1 Cartoning Equipment
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2.1.2.2 Case packaging Equipment
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2.1.2.3 Wrapping Equipment
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2.1.2.4 Tray Packing Equipment
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2.1.2.5 Others
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2.1.3 Labelling and Serialization
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2.1.3.1 Bottle and Ampule Labelling and Serialization Equipment
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2.1.3.2 Carton Labelling and Serialization Equipment
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2.1.3.3 Others
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2.2 By Region (Overview, Forecasts, key Trends and Market Outlook)
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2.2.1 China
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2.2.2 India
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2.2.3 Japan
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2.2.4 South Korea
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2.2.5 Rest of APAC
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Asia-Pacific Pharmaceutical Packaging Machinery Market Size FAQs
What is the current Asia-Pacific Pharmaceutical Packaging Machinery Market size?
The Asia-Pacific Pharmaceutical Packaging Machinery Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Pharmaceutical Packaging Machinery Market?
Robert Bosch GmbH, Romaco Pharmatechnik GmbH, Optima Packaging Group GmbH, Marchesini and I.M.A Industria Macchine Automatiche S.p.A are the major companies operating in the Asia-Pacific Pharmaceutical Packaging Machinery Market.