Canada Pharmaceutical Packaging Equipment Market Size & Outlook
Canada pharmaceutical packaging equipment market, 2018-2030 (US$M)
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Canada pharmaceutical packaging equipment market highlights
- The Canada pharmaceutical packaging equipment market generated a revenue of USD 124.7 million in 2023 and is expected to reach USD 164.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.1% 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.
Pharmaceutical packaging equipment market data book summary
| Market revenue in 2023 | USD 124.7 million |
| Market revenue in 2030 | USD 164.8 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Filling |
| Fastest growing segment | Wrapping |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.1% of the global pharmaceutical packaging equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pharmaceutical packaging equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 162.5 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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Canada 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 35.2% in 2023. Horizon Databook has segmented the Canada 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 demand for pharmaceutical packaging in the country is being driven by the increasing demand for package integrity and product safety. In addition, rising demand for easy-to-open packages from the aging population is anticipated to drive the Canada pharmaceutical packaging market over the forecast period.
Plastic & polymer material segment dominated the Canada pharmaceutical packaging market as of 2020. This is due to the increased demand for climate-resistant packaging coupled with increasing over the counter (OTC) and consumer healthcare products that largely use bottles, including boston round and wide-mouth round plastic bottles.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pharmaceutical packaging equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada pharmaceutical packaging equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pharmaceutical packaging equipment market size, by machine type, 2018-2030 (US$M)
Canada Pharmaceutical Packaging Equipment Market Outlook Share, 2023 & 2030 (US$M)
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