Lucintel’s latest market report analyzed that pharmaceutical packaging equipment provides attractive opportunities in liquid packaging equipment, solid packaging equipment, and semi-solid packaging equipment. The pharmaceutical packaging equipment market is expected to reach $10.9 billion by 2028 with a CAGR of 7.3%. In this market, primary packaging equipment is the largest segment by product, whereas liquid packaging equipment is largest by packaging type.
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Based on product, the pharmaceutical packaging equipment market is segmented into primary packaging equipment, secondary packaging equipment, and labelling and serialization equipment. The primary packaging equipment segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing requirement for the aseptic filling and sealing of drug molecules into sterile containers along with growing demand for parenteral vials and prefillable syringes.
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The Pharmaceutical Packaging Equipment Market is marked by the presence of several big and small players. Some of the prominent players offering pharmaceutical packaging equipment include Robert Bosch, Romaco Holding, Marchesini Group, Korber AG, Coesia, MULTIVAC Group, and Uhlmann-Group.
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