Europe Pharmaceutical Packaging Equipment Market Size & Outlook
Europe pharmaceutical packaging equipment market, 2018-2030 (US$M)
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Europe pharmaceutical packaging equipment market highlights
- The Europe pharmaceutical packaging equipment market generated a revenue of USD 1,586.5 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,586.5 million |
| Market revenue in 2030 | USD 2,177.8 million |
| Growth rate | 4.6% (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, Europe region accounted for 26.9% 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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Europe 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 35.64% in 2023. Horizon Databook has segmented the Europe 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.
Research-based pharmaceutical industry is a key asset of the European economy and one of Europe’s top performing high-technology sectors. The pharmaceutical packaging market is on the rise owing to the growth in medical progress in the region by means of research, development, and introduction of new medicines aimed at improving the health and quality of life of patients.
The European medicines regulatory system is based on a network of around 50 regulatory authorities from the 31 EEA (European Economic Area) countries (28 EU Member States along with Iceland, Liechtenstein, and Norway), the European Commission, and European Medicines Agency (EMA).
The launch of several initiatives at the European level, such as PRIME (Priority Medicines) scheme since 2016 that is aimed to strengthen the support for medicines that target unmet medical needs, is set to offer a major therapeutic advantage. As of July 2020, PRIME status was granted to 46 agents.
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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 Europe pharmaceutical packaging equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pharmaceutical packaging equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pharmaceutical packaging equipment market size, by country, 2018-2030 (US$M)
Europe Pharmaceutical Packaging Equipment Market Outlook Share, 2023 & 2030 (US$M)
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