Meticulous Research®—a prominent market research firm—has released a detailed report titled, ‘Asia-Pacific Pharmaceutical Processing and Packaging Equipment Market by Mode of Delivery (Oral [Solid, Liquid], Parenteral, Topical), Secondary (Cartoning, Labeling, Serialization, Wrapping), and Tertiary (Palletizing, De-Palletizing) - Forecast to 2030.’
The South East Asia pharmaceutical processing and packaging equipment market is projected to grow to $7.21 billion by 2030, with a CAGR of 5.2% from 2024 to 2030. This growth is attributed to the expanding pharmaceutical market, the need for flexible manufacturing, stringent regulations, and increased contract manufacturing. Despite the challenges posed by the preference for refurbished equipment, opportunities exist in emerging pharmaceutical regions and growing R&D investments. Evolving market demands, however, present significant challenges.
Key Players: Major companies in the report include JEKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Wenzhou Trustar Machinery Technology Co., Ltd (China), Sainty Co (China), ACG (India), Cadmach Machinery Co. Pvt. Ltd (India), Freund Corporation (Japan), Truking Technology Limited (China), Shibuya Corporation (Japan), and M.A.R. S.p.A. Macchine Automatiche Riempitrici (Italy).
Market Segmentation:
• Mode of Drug Delivery: Oral formulations are expected to dominate in 2024, driven by their wide use and diverse product types.
• Secondary Packaging Equipment: The cartoning equipment segment is forecasted to lead, thanks to its practical benefits and cost efficiency.
• End-of-Line Packaging Equipment: Case packaging equipment is anticipated to capture the largest share due to its effective packaging process.
Geographic Insights: The report analyzes key regions including China, Japan, India, Australia, South Korea, Southeast Asia, and the Rest of Asia-Pacific. Japan is projected to have the largest market share in 2024 due to increased pharmaceutical production and government incentives for generic drug use.
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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 geography?
• What was the historical market for Asia-Pacific pharmaceutical processing and packaging equipment across the globe?
• What are the market forecasts and estimates for 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific pharmaceutical processing and packaging equipment market?
• Who are the major players in the Asia-Pacific pharmaceutical processing and packaging equipment market?
• What is the competitive landscape, and who are the market leaders in the Asia-Pacific pharmaceutical processing and packaging equipment market?
• What are the recent developments in the Asia-Pacific pharmaceutical processing and packaging equipment market?
• What strategies are adopted by the major players in the Asia-Pacific pharmaceutical processing and packaging equipment market?
• What are the geographical trends and high-growth regions/countries?
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