Meticulous Research®—a prominent leader in market research—has published a report titled, ‘Asia-Pacific Pharmaceutical Processing and Packaging Equipment Market by Mode of Delivery (Oral [Solid, Liquid], Parenteral, Topical), Secondary (Cartoning, Labeling, Serialization, Wrapping), and Tertiary (Palletizing, De-Palletizing) – Forecast to 2030.’
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The report anticipates that the Asia-Pacific pharmaceutical processing and packaging equipment market will reach $7.21 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. Growth factors include the expanding pharmaceutical industry, rising demand for flexible manufacturing, regulatory compliance, and increased contract manufacturing. The market faces constraints due to the preference for refurbished equipment, but opportunities arise from new pharmaceutical manufacturing hubs and growing R&D expenditure. Evolving market demands, however, pose a significant challenge.
Key Players: The key market players 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), and M.A.R. S.p.A. Macchine Automatiche Riempitrici (Italy).
Market Segmentation:
- Mode of Drug Delivery: Oral formulations are expected to hold the largest share in 2024, due to their widespread use and diverse range.
- Secondary Packaging Equipment: Cartoning equipment is projected to lead the market, due to its efficiency and cost-effectiveness.
- End-of-Line Packaging Equipment: Case packaging equipment is forecasted to capture the largest market share due to its comprehensive packaging capabilities.
Geographic Insights: The report covers major Asia-Pacific regions including China, Japan, India, Australia, South Korea, Southeast Asia, and the Rest of Asia-Pacific. Japan is expected to lead the market in 2024, driven by a rise in pharmaceutical production and supportive government initiatives.
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?
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