Market revenue in 2023 | USD 227.4 million |
Market revenue in 2030 | USD 348.4 million |
Growth rate | 6.3% (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 |
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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 35.75% in 2023. Horizon Databook has segmented the Japan 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 increasing aging population has been triggering the government healthcare expenditure in the country. Japan continues to be one of the key pharmaceutical markets in the world despite a challenging business landscape. Pharmaceutical industry in Japan is increasingly opening to foreign markets and international companies operating in the country.
The successful growth of the Japanese pharmaceutical market is expected to pave the way for the growth of the pharmaceutical packaging market. The relatively low barrier for reimbursement in the country compared to many EU markets is an important factor augmenting the growth of the pharmaceutical market in Japan.
However, factors such as the practice of biennial price cuts, increasing generics uptake, and following a raft of pro-generic measures introduced in 2007 are expected to hamper the overall growth of pharmaceutical industry in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan pharmaceutical packaging equipment market , including forecasts for subscribers. This country databook contains high-level insights into Japan pharmaceutical packaging equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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