South East Asia Pharmaceutical Processing and Packaging Equipment Market
South East Asia Pharmaceutical
Processing and Packaging Equipment Market to be Worth $1.02 Billion
by 2030
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According to this latest publication from
Meticulous Research®, the South East Asia pharmaceutical processing and packaging
equipment is projected to reach $1.02 billion by 2030, at a CAGR of 6.2% from
2023 to 2030. The growth of the South East Asia pharmaceutical processing
& packaging market is attributed to the rising demand for flexible
manufacturing, the increasing need to comply with several regulations, the
growing trend of contract manufacturing in the pharmaceutical sector, and the
growth of the pharmaceuticals sector due to factors such as rising geriatric
population and recent pandemic outbreaks. However, the preference for
refurbished equipment is expected to restrain the market’s growth.
Furthermore, emerging pharmaceutical
manufacturing hotspots and growing pharmaceutical R&D spending are
expected to create market growth opportunities. However, changing market
demands in the constantly evolving pharmaceutical space pose challenges to the
market’s growth.
Key Players:
The key players profiled in the South East
Asia pharmaceutical processing & packaging equipment market report are
JEKSON VISION (India), KIKUSUI SEISAKUSHO LTD. (Japan), Sainty Co (China), ACG
(India), Truking Technology Limited (China), ACIC Pharmaceuticals Inc.
(Canada), M.A.R. S.p.A. Macchine Automatiche Riempitrici (Italy), Korber AG
(Germany), KORSCH AG (Germany), Marchesini Group S.p.A. (Italy), Optel Group
(Canada), OPTIMA packaging group GmbH (Germany), and Syntegon Technology GmbH
(Germany).
The South East Asia pharmaceutical processing
and packaging equipment market is segmented by Mode of Drug Delivery [{Oral
Formulations, Parenteral Formulations, Topical Formulations, Other
Formulations}, Secondary Packaging Equipment Product {Cartoning
Equipment, Carton Labeling & Serialization Equipment, Wrapping Equipment,
Other Equipment}, End-of-Line Packaging Equipment Product {Case Packaging
Equipment, Palletizing & De-palletizing Equipment, Other Equipment}, and
Country. The study also evaluates industry competitors and analyzes the
country-level markets.
Among all the modes of drug
delivery in the report, in 2023, the oral
formulations segment is expected to account for the largest share of the South
East Asia pharmaceutical processing and packaging equipment market. The large
market share of this segment is attributed to the preference for oral
formulations over other formulations and has a diverse product range. Hence,
each oral formulation type requires specific processing and packaging
equipment.
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Among the types of secondary
packaging equipment included in the report, in 2023, the
cartoning equipment segment is expected to account for the largest share of
the South East Asia pharmaceutical processing & packaging equipment
market. Cartons assist in the easy handling of medications. The cost-effective
and lightweight nature of cartons in packaging pharmaceuticals further
increases its demand in the market.
Among the types of
end-of-line packaging equipment included in the report, in 2023, the
case packaging equipment segment is expected to account for the largest share
of the South East Asia pharmaceutical processing & packaging equipment
market. Case packaging equipment is used in end-of-line packaging for casing
the cartons in a series. It involves three steps: case erecting, case filing,
and case sealing. All three steps are operated through single equipment, which
speeds up the packaging.
Geographic Review
This research report analyzes the markets in
Indonesia, Singapore, Thailand, Vietnam, the Philippines, Malaysia, and the
Rest of South East Asia. In 2023, Indonesia is expected to account for the
largest share of the South East Asia pharmaceutical processing & packaging
equipment market. The surge in pharmaceutical product demand, increased
adoption of secondary packaging equipment in the country, and growing demand
for effective and safe packaging solutions for pharmaceutical products are the
key factors contributing to the largest market share in Indonesia.
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Key questions answered in
the report:
· Which are
the high-growth market segments in terms of mode of delivery, product types of
secondary packaging equipment and end-of-line packaging equipment, and
country?
· What was
the historical market for pharmaceutical processing and packaging equipment
across South East Asia?
· What are
the market forecasts and estimates for the period 2023–2030?
· What are
the major drivers, restraints, opportunities, and challenges in the South East
Asia pharmaceutical processing and packaging equipment market?
· Who are
the major players in the South East Asia pharmaceutical processing and
packaging equipment market?
· What is
the competitive landscape like, and who are the market leaders in the South
East Asia pharmaceutical processing and packaging equipment market?
· What are
the recent developments in the South East Asia pharmaceutical processing and
packaging equipment market?
· What are
the different strategies adopted by the major players in the South East Asia
pharmaceutical processing and packaging equipment market?
· What are
the geographical trends and high-growth countries?
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