Published By : 18 Mar 2016 | Published By : QYRESEARCH
The global pharmaceutical packaging equipment market has been witnessing immense rise over the past few years, thanks to the rapid growth of the pharmaceuticals industry in the global arena. The augmenting demand for integrated packaging techniques is also stimulating the worldwide market for pharmaceutical packaging equipment significantly.
Increasing Development of Novel Drugs Propels North America pharmaceutical packaging equipment Market
North America contributed a revenue share of 32.2% in the global market in 2014 and acquired the leading position. The increasing development of novel drugs has boosted the demand for pharmaceutical packaging equipment in North America.
Apart from this, the increasing investment in the North America pharmaceutical packaging equipment market has also propelled the pharmaceutical packaging equipment market in this region. The U.S. and Canada are dominating the North America pharmaceutical packaging equipment market.
Increasing Investments Fuels Asia Pacific Pharmaceutical Packaging Equipment Market
Asia Pacific acquired the second position in the global pharmaceutical packaging equipments market in 2014. The regional market was fueled by the growing investment in the pharmaceutical industry in China, japan, and India.
In addition to this, the major international pharmaceutical packaging equipment manufacturers are looking to expand their businesses in this region by establishing subsidiaries in various parts of Asia Pacific, which is likely to influence the Asia Pacific market for pharmaceutical packaging positively in the coming years.
The demand for liquid packaging equipment was the highest in 2014 with a share of more than 45% in the overall product market and the segment is likely to maintain its position in the near future. Here is a snapshot of the performance of other important segments of the global market for pharmaceutical packaging equipment.
Robert Bosch, OPTIMA Packaging, Uhlmann Pac-Systeme, Romaco Pharmatechnik, Körber, and Bausch+Strobel Maschinenfabrik Ilshofen are the prime manufacturers of pharmaceutical packaging equipment in the global arena