South Korea Pharmaceutical Packaging Equipment Market Size & Outlook
South Korea pharmaceutical packaging equipment market, 2018-2030 (US$M)
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South Korea pharmaceutical packaging equipment market highlights
- The South Korea pharmaceutical packaging equipment market generated a revenue of USD 192.0 million in 2024 and is expected to reach USD 303.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8% from 2025 to 2030.
- In terms of segment, filling was the largest revenue generating machine type in 2024.
- 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 2024 | USD 192.0 million |
| Market revenue in 2030 | USD 303.7 million |
| Growth rate | 8% (CAGR from 2025 to 2030) |
| Largest segment | Filling |
| Fastest growing segment | Wrapping |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Filling, Labelling, Form Fill & Seal, Cartoning, Wrapping, Palletizing, Cleaning, Other |
| 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, South Korea accounted for 3.0% of the global pharmaceutical packaging equipment market in 2024.
- 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 844.0 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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South Korea 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 38.28% in 2024. Horizon Databook has segmented the South Korea pharmaceutical packaging equipment market based on filling, labelling, form fill & seal, cartoning, wrapping, palletizing, cleaning, other covering the revenue growth of each sub-segment from 2018 to 2030.
The pharmaceutical packaging equipment market in South Korea is poised for significant growth, driven by strategic government initiatives and a robust bio-pharmaceutical sector. Central to this growth is the 3rd Five-Year Comprehensive Plan for the Development and Support of the Bio-Pharmaceutical Industry, which aims to position South Korea as a global leader in bio-health.
It was announced by MOHW (Ministry of Health and Welfare) in March 2023. This plan emphasizes increasing public-private R&D investments, fostering next-generation technologies, and promoting open innovation, particularly in areas such as artificial intelligence and big data for new drug development.
A critical component of the plan is the establishment of the K-Bio Vaccine Fund, which will receive an investment of around USD 769 million, with the potential for a larger mega fund based on initial results. The initiative also includes plans to expand focus cities and create integrated export centers to enhance the country's bio-pharmaceutical export capabilities.
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Target buyers of South Korea 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 country-level data and insights on the South Korea pharmaceutical packaging equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical packaging equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical packaging equipment market size, by machine type, 2018-2030 (US$M)
South Korea Pharmaceutical Packaging Equipment Market Outlook Share, 2024 & 2030 (US$M)
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