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 179.1 million in 2023 and is expected to reach USD 270.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.1% 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 179.1 million |
| Market revenue in 2030 | USD 270.3 million |
| Growth rate | 6.1% (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, South Korea accounted for 3.0% 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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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 35.62% 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 machine type covering the revenue growth of each sub-segment from 2018 to 2030.
Reasons to subscribe to South Korea pharmaceutical packaging equipment market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
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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