(PharmaNewsWire.Com, November 21, 2017 ) According to the report Pharmaceutical Packaging Equipment, published by Market Data Forecast, the Europe market is projected to reach USD 1.91 billion by 2021, at a CAGR of 6.75% from 2016 to 2021.
Pharmaceutical Packaging Equipment is a key market to the healthcare industry since it helps in protection of the medicines from any toxic influences. The recent period has seen a significant rise in the significance paid to the Pharmaceutical Packaging Equipment. The different containers which hold pharmaceutical products are a ampoule, bottle, single dose container, tube, and others. The pharmaceutical packaging is made up of glass, paper, plastic, metal and many different raw materials.
Europe Pharmaceutical Packaging Equipment: Drivers & Restraints: The growth of the Europe Pharmaceutical Packaging Equipment Market is mainly driven by factors such as growing awareness about the safety and quality of pharmaceutical medications and huge growth of pharmaceutical industry are the factors expected to propel the market growth for this region. However, high competition and unsuitable political environment are preventing the growth of this market.
Europe Pharmaceutical Packaging Equipment: Overview Factors like growing awareness about the safety and quality of pharmaceutical medications and huge growth of pharmaceutical industry are affecting the growth of this market positively. However, factors such as unsuitable political environment remain the key restraints of this market. In the package type segment, primary packaging equipment segment accounted for the largest share which can be owed to rising regulatory modifications, rapid growth in the pharmaceutical industry and rising technological advancements. Within the primary packaging equipment segment, aseptic filling and sealing equipment segment accounted for the largest share. In the product segment, liquid packaging equipment segment accounted for the largest share.
Europe Pharmaceutical Packaging Equipment: Region-wise Outlook The market for Pharmaceutical Packaging Equipment in Europe region is divided based on geography into United Kingdom, France, Italy, Germany and Spain. Pharmaceutical companies in Europe are outsourcing their production processes to countries in Asia-Pacific region, owing to cheap labor which is leading to the market growth. The market in this region is projected to grow strongly during the forecast period due to various factors such as development in R&D and rising concern for the quality of pharmaceutical medicines.
Key Questions Answered What is the current and future Pharmaceutical Packaging Equipment outlook in Europe market? What trends are affecting the Europe market? What is the competitive landscape and market share of major players in the Pharmaceutical Packaging Equipment space in Europe market? What are the key, high growth markets that Pharmaceutical Packaging Equipment manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Pharmaceutical Packaging Equipment currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Pharmaceutical Packaging Equipment? What are the challenges and barriers that have hindered widespread adoption of Pharmaceutical Packaging Equipment?
Europe Pharmaceutical Packaging Equipment: Key Players Some of the major companies dominating Europe Pharmaceutical Packaging Equipment Market are Robert Bosch GmbH (Germany), Kφrber AG (Germany), Marchesini Group S.p.A. (Italy), Multivac Group (Germany), Uhlmann Group (Germany), OPTIMA Packaging Group GmbH (Germany), and Romaco Pharmatechnik GmbH (Germany).
Reasons to buy Europe Pharmaceutical Packaging Equipment Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
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