KEY FINDINGS The global aseptic pharma processing & packaging equipment market is set to progress with a CAGR of 7.12% during the forecasted years of 2021 to 2028. The market growth of the country is associated with key drivers such as the increasing demand for generics and biopharmaceuticals markets, the rising adoption of automation technologies for specific drug development processes, and rising investments in research and development by pharmaceuticals manufacturers.
MARKET INSIGHTS Pharmaceutical processing is characterized as drug manufacturing, divided into a range of unit operations, including blending, granulation, tablet pressing, filling, milling, coating, and others.The pharmaceutical manufacturing process constitutes precise requirements as well as manufacturing guidelines in terms of quality.
Therefore, pharmaceutical manufacturing equipment must comply with good manufacturing practices (GMPs). Increased automation within the aseptic pharma processing & packaging equipment market is expected to bolster efficiency, eliminate costly safety and ergonomic issues, reduce housekeeping costs, and minimize ingredient expenditures.With the increasing labor expenditure, manufacturers are attempting to seek cost-effective measures to meet the rising demand for pharmaceutical manufacturing.
In addition to technological advancements, customers also expect firms to concentrate on cost reductions rather than passing on rising costs.For manufacturers, the process of cost reduction necessitates optimizing plant efficiency along with increased automation.
These investments in automation have created elevated outputs per manhour, combined with lower costs per unit.
REGIONAL INSIGHTS The global aseptic pharma processing & packaging equipment market growth evaluation entails the in-depth assessment of North America, Asia-Pacific, Europe, and the Rest of World.The Asia-Pacific is projected to lead and dominate the global market over the forecast years.
The region’s market growth is primarily attributed to the high potential for scientific achievement, especially in the avenue of pharmaceuticals, the high incidence of chronic diseases, and lifestyle changes.
COMPETITIVE INSIGHTS While the industrial rivalry within the aseptic pharmaceutical processing & packaging equipment market is high, the product differentiation is low.Players are reluctant in terms of divesting from their businesses.
Moreover, there is a substantial amount of investment involved, making the exit barriers moderately challenging. Hence, the intensity of competition is moderate to high. Some of the leading companies operating in the market are Amcor PLC, DuPont de Nemours Inc, Robert Bosch GmbH, etc.
Our report offerings include: • Explore key findings of the overall market • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges) • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions • Market Segmentation cater to a thorough assessment of key segments with their market estimations • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc. • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc. • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned 1. AMCOR PLC 2. AUTOMATED SYSTEMS OF TACOMA LLC (AST) 3. BECTON, DICKINSON, AND COMPANY (BD) 4. BIOPHARMA GROUP 5. DUPONT 6. GEA GROUP 7. GREATVIEW ASEPTIC PACKAGING CO LTD 8. INDUSTRIA MACCHINE AUTOMATICHE SPA 9. JOHN BEAN TECHNOLOGIES (JBT) CORPORATION 10. NICOS GROUP 11. ROBERT BOSCH GMBH 12. ROMMELAG 13. SANISURE 14. SPX FLOW INC 15. STERILINE
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