Packaging Equipment Market Will Generate Sizable Return from Pharmaceutical Sector Over 2019-2024

The increasing consumption of these beverage items is driving the adoption of rotary stickers for advertising these products, thereby propelling the packaging equipment market

Selbyville, United States - October 17, 2019 /MarketersMedia/ —

Global packaging equipment market will be receiving a sizable boost from the pharmaceutical sector as well. The inherent need for pharmaceutical companies to thoroughly and properly package their manufactured medical products to maintain the correct chemical composition will drive the packaging equipment market growth from pharmaceutical applications. The industry has also gradually been influenced by customer feedbacks that often request certain aesthetic features to be added to the medicine’s packaging to help distinguish them from other drugs.

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Growth drivers
1) North America & Europe
a) Adoption of smart packaging solutions
b) Growing focus on labeling and serialization for anti-counterfeiting of drugs
2) APAC & LATAM
a) Flourishing pharmaceutical industry
a) Flexible packaging solutions
b) Automation in packaging equipment
c) Packaged foods and beverage consumption
d) Cosmetics packaging equipment demand
3) MEA
a) Ready-to-drink beverage consumption

Labeling machines are experiencing a high growth in the packaging machinery market owing to a rise in the demand for digitalized printing techniques. The growing demand for personalization and customization of the product labels for offering information related to the features and ingredients is growing rapidly. This is encouraging the manufacturers in developing machines that are integrated with technologies to cater to such customer demands. Rotary stickers are widely being used in the beverage industry for labeling PET bottles, which are used for the packing of cold drinks, juices, milkshakes, and energy drinks. The increasing consumption of these beverage items is driving the adoption of rotary stickers for advertising these products, thereby propelling the packaging equipment market.

The pharmaceutical packaging machinery market is witnessing a high growth owing to a rise in the demand for automated, flexible, and integrated packaging lines from the industry. Manufacturers are targeting the need for developing novel drug delivery solutions. Several regulatory changes regarding packaging of medical products are also expected to drive the industry growth.

Some of these regulations are anti-tampering, labeling, and pharmacopeia standards. Developed countries including China, India, and Brazil are experiencing a high demand for this equipment owing to the improving economic conditions of the people and increasing investments by major pharmaceutical companies.

The Europe packaging machinery market is witnessing a high growth owing to the rise in the demand for integrated solutions, changing consumer trends, and ecological requirements. FFS and palletizing machinery are experiencing a high adoption rate in several industrial sectors. Integrated technologies and multi-functional solutions offered by these machines are helping the factories in simplifying their processes.

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The application of this equipment in the food & beverage sector owing to the growing demand for packaged food is driving the growth of the Europe packaging equipment market. A strong customer base and the extensive adoption of technology are attracting several companies to invest in the region, thereby driving the packaging machinery market growth.

The accelerated growth of food, pharma, and numerous other end-use sectors is thus certain to impel the commercialization landscape of the overall packaging equipment industry. While North America will continue to remain one of the most lucrative hubs as far as packaging machinery is concerned, emerging economies across the Asia Pacific are also racing ahead in packaging equipment market. Powered by a strong global manufacturing sector and the subsequent demand for packaging devices, the overall packaging equipment market is slated to register a CAGR of 3% over 2018-2024.

Major Key Points from Table of Content:

Chapter 5. Packaging Equipment Market, By Application
5.1. Packaging equipment market trends, by application
5.2. Food & beverage
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Pharmaceuticals
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Chemical
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.5. Personal care
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Packaging Equipment Market estimates and forecast, by region, 2013 – 2024

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