Meticulous Research®—a leading global market research company—has released a comprehensive report titled, ‘Europe Pharmaceutical Processing & Packaging Equipment Market by Mode of Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labeling, Serialization, Wrapping), and End-of-Line Packaging (Palletizing, Case Packaging) – Forecast to 2030.’ According to the report, the European pharmaceutical processing and packaging equipment market is expected to grow to $7.2 billion by 2030, at a CAGR of 3.6% from 2024 to 2030. This growth is driven by the expansion of the pharmaceutical industry, rising demand for flexible manufacturing solutions, stringent regulatory compliance, and the increasing trend of pharmaceutical contract manufacturing.
The expansion of the pharmaceutical industry is a key factor driving market growth. As the demand for new medications and innovative drugs rises, there is a growing need for advanced processing and packaging equipment. Companies require equipment that can handle various drug formulations and packaging types while meeting stringent regulatory standards.
Regulatory compliance is another significant driver of market growth. As regulations become more stringent, pharmaceutical companies must invest in equipment that ensures their products meet safety and quality standards. This includes advanced equipment for labeling, serialization, and other essential aspects of packaging.
The trend of outsourcing manufacturing processes to contract manufacturers is also contributing to market growth. Pharmaceutical companies are increasingly relying on specialized contract manufacturers, which drives demand for advanced processing and packaging equipment. This trend is expected to continue, further boosting the market for cutting-edge equipment solutions.
Despite the optimistic growth outlook, the market faces challenges such as the preference for refurbished equipment. While refurbished equipment can be a cost-effective alternative, it may not always comply with the latest technological and regulatory standards, potentially limiting the growth of the market for new equipment.
Nevertheless, there are significant opportunities for growth. Emerging pharmaceutical manufacturing hubs and increased investment in R&D are creating new opportunities for equipment manufacturers. Companies that innovate and respond to changing market demands will be well-positioned to take advantage of these opportunities.
The report segments the market by drug delivery modes, secondary packaging, and end-of-line packaging. Oral formulations are expected to be the largest segment in 2024 due to their diverse range and specific equipment needs. Cartoning equipment is projected to lead in secondary packaging, while case packaging equipment is forecasted to dominate end-of-line packaging due to its efficient and integrated processing capabilities.
Geographic analysis includes major European markets such as Switzerland, France, Italy, Germany, the U.K., Ireland, Belgium, Denmark, Spain, and the Rest of Europe. Switzerland is anticipated to capture the largest market share in 2024, driven by its strong pharmaceutical export volume, high production capacity, and presence of leading industry players.
Key Players
The key players operating in the Europe pharmaceutical processing & packaging equipment market are Bausch+Ströbel (Germany), Korber AG (Germany), KORSCH AG (Germany), M.A.R. S.p.A. Macchine Automatiche Riempitrici (Italy), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A. (Italy), CAM Packaging IT (Italy), Coesia S.p.A. (Italy), Fette Compacting (Germany), GEA GROUP (Germany), Glatt GmbH (Germany), LINXIS GROUP (France), Harro Höfliger Verpackungsmaschinen GmbH (Germany), I.M.A INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy), Uhlmann PacSysteme GmbH & Co. KG (Germany), and Tecnomaco Italia SRL (Italy).
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Key questions answered in the report-
- Which are the high-growth market segments in terms of mode of delivery and geography?
- What was the historical market for Europe pharmaceutical processing & packaging equipment across the globe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, and challenges in the Europe pharmaceutical processing & packaging equipment market?
- Who are the major players in the Europe pharmaceutical processing & packaging equipment market?
- What is the competitive landscape, and who are the market leaders in the Europe pharmaceutical processing & packaging equipment market?
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