Asia-Pacific Market for Pharmaceutical Processing and Packaging Equipment: Size, Share, and Trends Forecast
Meticulous Research® Unveils Report on Asia-Pacific Pharmaceutical Processing and Packaging Equipment Market, Projecting a 5.2% CAGR to 2030
Meticulous Research®, a renowned market research
organization, has published a detailed report titled “Asia-Pacific
Pharmaceutical Processing and Packaging Equipment Market by Mode of Delivery
(Oral [Solid, Liquid], Parenteral, Topical), Secondary (Cartoning, Labelling,
Serialization, Wrapping), and Tertiary (Palletizing, De-Palletizing) - Forecast
to 2030.”
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5614
According to this report, the Asia-Pacific pharmaceutical
processing and packaging equipment market is forecasted to reach $7.21 billion
by 2030, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to
2030. Factors driving this market growth include the rapidly expanding
pharmaceutical industry, increasing demand for flexible manufacturing, strict
compliance requirements, and the rise of contract manufacturing. However, the
market's growth faces significant challenges due to the growing preference for
refurbished equipment. Still, new pharmaceutical manufacturing hubs and rising
research and development (R&D) spending present substantial opportunities
for market expansion. One of the primary challenges for manufacturers is
keeping up with the shifting demands in the ever-changing pharmaceutical
landscape.
Key Players in the Market
Some of the major players featured in the report include:
- JEKSON
VISION (India)
- Kevin
Process Technologies Pvt. Ltd. (India)
- KIKUSUI
SEISAKUSHO LTD. (Japan)
- Wenzhou
Trustar Machinery Technology Co., Ltd. (China)
- Sainty
Co. (China)
- ACG
(India)
- Cadmach
Machinery Co. Pvt. Ltd. (India)
- Freund
Corporation (Japan)
- Truking
Technology Limited (China)
- Shibuya
Corporation (Japan)
- M.A.R.
S.p.A. Macchine Automatiche Riempitrici (Italy)
Market Segmentation
The Asia-Pacific pharmaceutical processing and packaging
equipment market is segmented based on drug delivery modes, including oral
formulations, parenteral formulations, topical formulations, and other
formulations. Within oral formulations, the market covers solid and liquid
dosages, such as capsules, tablets, and liquid preparations. The report also
analyzes secondary and tertiary packaging equipment, which includes cartoning,
labeling, serialization, palletizing, and de-palletizing systems.
Among these segments, oral formulations are expected to
account for the largest market share by 2024, driven by the higher demand for
oral medications and a wide range of products that require specialized
processing and packaging equipment. In secondary packaging, the cartoning
equipment segment is predicted to hold the largest market share, as cartons
offer cost-effective and lightweight solutions for medication packaging.
End-of-line packaging, such as case packaging equipment, is also anticipated to
dominate the tertiary packaging market due to its efficiency in managing bulk
packaging operations.
Regional Insights
The report offers a comprehensive analysis of major
countries and regions in the Asia-Pacific, including China, Japan, India,
Australia, South Korea, Southeast Asia, and the Rest of Asia-Pacific. Japan is
projected to hold the largest market share in 2024, bolstered by its expanding
pharmaceutical production, the growth of pharmaceutical manufacturing
facilities, and government initiatives encouraging the use of generic drugs.
For instance, Japan’s Basic Policy on Economic and Fiscal Management and Reform
(2021) predicts that generic drug usage will surpass 80% by 2024.
To gain more insights into the
market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/asia-pacific-pharmaceutical-processing-and-packaging-equipment-market-5614
Key questions answered in the report:
- Which
are the high-growth market segments in terms of mode of delivery, product
types of secondary packaging equipment and end-of-line packaging
equipment, and geography?
- What
was the historical market for Asia-Pacific pharmaceutical processing and
packaging equipment across the globe?
- What
are the market forecasts and estimates for 2024–2030?
- What
are the major drivers, restraints, opportunities, and challenges in the
Asia-Pacific pharmaceutical processing and packaging equipment market?
- Who
are the major players in the Asia-Pacific pharmaceutical processing and
packaging equipment market?
- What
is the competitive landscape, and who are the market leaders in the
Asia-Pacific pharmaceutical processing and packaging equipment market?
- What
are the recent developments in the Asia-Pacific pharmaceutical processing
and packaging equipment market?
- What
strategies are adopted by the major players in the Asia-Pacific
pharmaceutical processing and packaging equipment market?
- What
are the geographical trends and high-growth regions/countries?
Meticulous Research®
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