Blog

Oct 24, 2024

Pharmaceutical Packaging Equipment Market Set to Hit $10.8 Billion by 2034 | Healthcare Packaging

The need for safe packaging is growing as a result of an increase in counterfeiting, one of the biggest issues facing the pharmaceutical supply chain. The global pharmaceutical packaging equipment

The need for safe packaging is growing as a result of an increase in counterfeiting, one of the biggest issues facing the pharmaceutical supply chain.

The global pharmaceutical packaging equipment market was projected to attain US$ 5.6 billion in 2023, according to Transparency Market Research. It is anticipated to garner a 6.2% CAGR from 2024 to 2034, and by 2034, the market is likely to attain US$ 10.8 billion.

The packaging used for pharmaceuticals aids in product identification. It also guards against deterioration, fracture, and leaking of a product's contents. Various packaging materials such as glass, plastics, rubbers, paper/cardboard, and metals are used in pharmaceutical packaging.

Pharmaceutical packaging equipment is available in a variety of machine types, including strip packing machines, blister packing machines, cartoning machines, ampoule filling machines, liquid filling machines, syringe filling machines, automatic labeling/gumming/stickering machines, and pharmaceutical printing machines.

Key Findings of Market Report

Market Trends for Pharmaceutical Packaging Equipment

Global Market for Pharmaceutical Packaging Equipment: Regional Outlook