Pharmaceutical Packaging Market 2021

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Transparency Market

Research

Pharmaceutical Packaging Equipment Market to Reach

US$8.1 bn by 2021

Published Date

2015-11-09

92 Page Report

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Report

Pharmaceutical Packaging Equipment Market

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Pharmaceutical Packaging

Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research titled

“Pharmaceutical Packaging Equipment Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2021”, the market was valued at US$5.1 bn in 2014 and

is expected to reach US$8.1 bn by 2021, at a CAGR of 6.8% through the forecast period.The

global market for pharmaceutical packaging equipment has been covered under the scope of this

report. Packaging ensures protection of pharmaceutical products against contamination and

other external factors. Pharmaceutical packaging equipment provides safety of packaged

products during storage and transportation. Due to rapid improvement of packaging techniques,

there has been immense development of flexible, reliable and integrated pharmaceutical

packaging machineries.

The major factors fuelling the growth of Global Pharmaceutical Packaging Equipment

Market are expansion of pharmaceutical industry and demand for flexible and automated

packaging equipment worldwide. Moreover, strict packaging regulations imposed by National

Quality Forum, Food and Drug Administration and other regulatory authorities, have further

raised the demand for automated and innovative packaging equipment. The market is

anticipated to develop significantly in the future, owing to increasing investment for equipment

manufacturing facilities in different parts of Asia Pacific. However, utilization of refurbished

packaging equipment by small scale companies,...