According to the report, the Europe Pharmaceutical Packaging Equipment Market size is valued at USD 1.68 billion in 2022. This value is expected to grow at a CAGR of 6.75% to reach USD 2.32 billion by 2027.
Pharmaceutical Packaging Equipment is an essential market for the healthcare industry as it helps protect the medicines from any toxic influences. The recent period has seen a significant rise in the importance paid to the Pharmaceutical Packaging Equipment. The different containers that hold pharmaceutical products are a bottle, ampoule, single-dose container, tube, etc. The pharmaceutical packaging comprises plastic, glass, paper, metal, and many different raw materials.
The growth of the Europe Pharmaceutical Packaging Equipment Market is mainly driven by factors such as increasing awareness about the quality and safety of pharmaceutical medications. The sudden expansion of the pharmaceutical industry is the factors expected to drive the market growth for this region.
The increase in demand for pharmaceutical drugs is directly accelerating the market for pharmaceutical packaging equipment. The growing demand for flexible packaging equipment by the key pharmaceutical manufacturers in this region is a positive sign to the market.
However, an unsuitable political environment and high competition are preventing the growth of this market.
This research report on Europe Pharmaceutical Packaging Equipment Market has been segmented and sub-segmented into the following categories:
Regionally, the Pharmaceutical Packaging Equipment Market in this region is projected to grow strongly during the forecast period due to various factors such as R & D development and increasing concern for the quality of pharmaceutical medicines.
Europe is just behind North America is leading the majority share in the global pharmaceutical packaging equipment market. Factors like increasing analysis about the quality of pharmaceutical medicines and research and development activities surge the market. An increase in the ratio of healthcare centers, together with pharmacies, fuels growth.
In this region, Germany is leading the market with the highest share due to its prominent contribution. Existence of certain essential vendors in the area and is one of the largest producers towards chemicals and plastics. Increasing requirements for brand enhancements, new packaging material development, and rising in-depth knowledge regarding the environmental issues and obtainment of unique regulatory needs on packaging recycling augmented to drive the market growth.
Notable companies leading the Europe Pharmaceutical Packaging Equipment Market profiled in the report are Robert Bosch GmbH, Körber AG, Marchesini Group S.p.A., Multivac Group, Uhlmann Group, OPTIMA Packaging Group GmbH, and Romaco Pharmatechnik GmbH.
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