Market Analysis of Pharmaceutical Processing & Packaging Equipment in South East Asia: Size, Share, Forecast, & Trends
Meticulous Research®, a renowned market research organization, has published a report titled “South East Asia Pharmaceutical Processing & Packaging Equipment Market by Mode of Delivery (Oral, Parenteral, Topical), Secondary Packaging (Cartoning, Labelling, Serialization, Wrapping), End-of-Line Packaging (Case Packaging, Palletizing) – Forecast to 2030.”
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As per the findings of Meticulous Research®, the South East Asia pharmaceutical processing and packaging equipment market is projected to reach $1.02 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030. This growth is primarily driven by the need for flexible manufacturing, adherence to regulatory mandates, increasing contract manufacturing activities, and the overall expansion of the pharmaceutical sector, spurred by the rising geriatric population and the influence of recent pandemics. However, the growing preference for refurbished equipment may act as a restraint.
Opportunities are likely to arise from the establishment of new pharmaceutical manufacturing hubs and increasing R&D spending in pharmaceuticals. Nevertheless, rapid changes in market demands in the pharmaceutical industry are expected to pose challenges to the market’s growth.
Key Players:
Some of the major players in the South East Asia pharmaceutical processing & packaging equipment market include 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 market is segmented by Mode of Drug Delivery (Oral, Parenteral, Topical, and Others), Secondary Packaging Equipment (Cartoning, Labeling, Serialization, Wrapping), and End-of-Line Packaging Equipment (Case Packaging, Palletizing, and Others). The report offers comprehensive country-level insights and evaluates competitive market trends.
The oral formulations segment is anticipated to hold the largest market share in 2024, driven by the high demand for oral drug formulations and their diverse product offerings that require specific packaging and processing equipment.
In the secondary packaging category, cartoning equipment is forecasted to dominate, driven by the growing use of cartons as a cost-effective and lightweight packaging solution.
The case packaging equipment segment is expected to lead the end-of-line packaging equipment category, as it provides efficient solutions for casing cartons through automated case erecting, filing, and sealing processes.
Geographical Insights:
The report provides a regional analysis covering Indonesia, Singapore, Thailand, Vietnam, the Philippines, Malaysia, and the rest of South East Asia. In 2024, Indonesia is predicted to command the largest share, driven by increasing demand for pharmaceutical products and the growing adoption of secondary packaging equipment.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/south-east-asia-pharmaceutical-processing-and-packaging-equipment-market-5717
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 2024–2030?
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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