The new report, “Pharmaceutical Processing and Packaging Equipment Market: Size, Share, Forecast, and Trends Analysis by Formulation, Secondary Packaging, and End-of-Line Packaging – Global Forecast to 2031,” is now available on ResearchAndMarkets.com. The global pharmaceutical processing and packaging equipment market is anticipated to reach $30.8 billion by 2031, growing at a CAGR of 5.3% from 2024 to 2031.
This comprehensive report provides a competitive analysis based on a thorough review of product portfolios, geographic reach, and strategic developments of leading industry players over the past four years (2021-2024).
The market is expected to expand due to several key factors: the rising incidence of chronic and infectious diseases, increasing demand for generic and biopharmaceutical products, and a growing elderly population. Pharmaceutical companies are also facing stricter regulations and a need for more flexible manufacturing solutions, alongside a trend towards outsourcing production. However, the market may face challenges from the growing use of refurbished equipment.
Growth opportunities are also present due to the expansion of domestic pharmaceutical manufacturing, increased R&D investments, and the rising adoption of personalized medicines and self-medication. Nonetheless, the evolving needs of the pharmaceutical industry could pose challenges to market growth.
Within the report, the packaging equipment segment is projected to experience the highest CAGR of over 5.6% during the forecast period. This growth is driven by the demand for advanced primary packaging solutions that maintain the efficacy and stability of pharmaceutical formulations. The preference for packaging topical products in stick packs and flat sachets for easier transport, as well as the need for accurate dosing and improved consumer compliance, also contributes to this segment’s growth.
The report includes an in-depth analysis of the market across five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, detailing key countries in each area.
In 2024, North America is expected to hold the largest market share, accounting for over 35.9% of the pharmaceutical processing and packaging equipment market. The U.S. is projected to lead this region, driven by increased healthcare spending on pharmaceuticals and significant investments by public organizations to enhance domestic manufacturing R&D.
