India Pharmaceutical Packaging Equipment Market Size & Outlook
India pharmaceutical packaging equipment market, 2018-2030 (US$M)
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India pharmaceutical packaging equipment market highlights
- The India pharmaceutical packaging equipment market generated a revenue of USD 448.7 million in 2023 and is expected to reach USD 755.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% 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.
Pharmaceutical packaging equipment market data book summary
| Market revenue in 2023 | USD 448.7 million |
| Market revenue in 2030 | USD 755.7 million |
| Growth rate | 7.7% (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, India accounted for 7.6% 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 Asia Pacific, China pharmaceutical packaging equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 755.7 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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India 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 35.73% in 2023. Horizon Databook has segmented the India 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.
Pharmaceutical sector in India accounted for about 2.4% of the global pharmaceutical sector in terms of revenue and about 10.0% of the global pharmaceutical sector in terms of volume each year. This growth is driven by the expanding economy, increasing per capita GDP, low cost of production, and R&D investment boosts.
Furthermore, the Indian government unveiled “Pharma Vision 2020” aimed at making India a global leader in end-to-end drug development. In addition, due to the increasing penetration of chemists, especially in rural India, OTC drugs are expected to be readily available. These factors are anticipated to influence the growth of the pharmaceutical packaging market in India over the forecast period.
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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 India pharmaceutical packaging equipment market , including forecasts for subscribers. This country databook contains high-level insights into India pharmaceutical packaging equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pharmaceutical packaging equipment market size, by machine type, 2018-2030 (US$M)
India Pharmaceutical Packaging Equipment Market Outlook Share, 2023 & 2030 (US$M)
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