Meticulous Research®—a leading market research company, published a research 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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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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