Asia Pacific Pharmaceutical Packaging Equipment Market Size & Outlook
Asia Pacific pharmaceutical packaging equipment market, 2018-2030 (US$M)
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Asia Pacific pharmaceutical packaging equipment market highlights
- The Asia Pacific pharmaceutical packaging equipment market generated a revenue of USD 2,303.9 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, filling was the largest revenue generating machine type in 2023.
- Wrapping is the most lucrative machine type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,303.9 million |
| Market revenue in 2030 | USD 3,695.6 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Filling |
| Fastest growing segment | Wrapping |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Filling, Labelling, Form Fill & Seal, Cartoning, Wrapping, Palletizing, Cleaning, Other Machine Type |
| Key market players worldwide | Robert Bosch Engineering & Business Solutions, Korber AG, Bausch & Lomb Corp, ACG World, Romaco Group, Marchesini Group, IMA Group, Uhlmann Pac-Systeme, Accutek Packaging Equipment Inc., Bausch+Stroebel, Coesia, Vanguard Pharmacy, MULTIVAC, Brevetti-CEA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.0% of the global pharmaceutical packaging equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,695.6 million by 2030.
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Pharmaceutical Packaging Equipment Market Scope
Pharmaceutical Packaging Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific pharmaceutical packaging equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical packaging equipment market will help companies and investors design strategic landscapes.
Filling was the largest segment with a revenue share of 35.71% in 2023. Horizon Databook has segmented the Asia Pacific pharmaceutical packaging equipment market based on filling, labelling, form fill & seal, cartoning, wrapping, palletizing, cleaning, other machine type covering the revenue growth of each sub-segment from 2018 to 2030.
The tremendous growth in population coupled with steady economic growth is contributing to the regional market growth. The rising disposable income of the middle-class population is one of the primary factors aiding the growth of the pharmaceutical packaging market in the region.
The growth of pharmaceutical industry is directly equated with the rise in pharmaceutical consumption in the region. An increase in the establishment of government regulations for drug safety has boosted the pharmaceutical packaging market growth as packaging is an integral element for the drug and is used for maintaining its quality and safety.
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Target buyers of Asia Pacific pharmaceutical packaging equipment market databook
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Our clientele includes a mix of pharmaceutical packaging equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pharmaceutical packaging equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pharmaceutical packaging equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pharmaceutical packaging equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Pharmaceutical Packaging Equipment Market Outlook Share, 2023 & 2030 (US$M)
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