Meticulous Research®, a well-known market research firm, has released an extensive 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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This report estimates that the South East Asia pharmaceutical processing and packaging equipment market will reach $1.02 billion by 2030, with a projected CAGR of 6.2% from 2024 to 2030. The anticipated growth is fueled by an increasing demand for flexible manufacturing, adherence to regulatory guidelines, a rise in contract manufacturing, and the overall expansion of the pharmaceutical sector, driven by a growing geriatric population and impacts from recent pandemics. However, market growth may be challenged by a preference for refurbished equipment.
Emerging pharmaceutical manufacturing centers and increased R&D spending present new growth opportunities, while the need to adapt to dynamic market demands poses ongoing challenges.
Key Players:
Leading companies in the South East Asia pharmaceutical processing and 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 report segments the market by Mode of Drug Delivery (Oral, Parenteral, Topical, Others), Secondary Packaging Equipment (Cartoning, Labeling, Serialization, Wrapping), and End-of-Line Packaging Equipment (Case Packaging, Palletizing, Others). It also provides insights into country-specific trends and evaluates competitive dynamics.
The oral formulations segment is expected to dominate the market in 2024, driven by a strong demand for oral medications and diverse products requiring tailored processing and packaging solutions.
In the secondary packaging equipment market, cartoning equipment is projected to lead due to its cost-effective and lightweight packaging solutions, which enhance operational efficiency.
In the end-of-line packaging sector, the case packaging equipment segment is anticipated to dominate, offering efficient solutions for casing cartons through automated operations such as case erecting, filling, and sealing.
Geographic Overview:
This report includes markets in Indonesia, Singapore, Thailand, Vietnam, the Philippines, Malaysia, and the rest of South East Asia. By 2024, Indonesia is expected to hold the largest market share, driven by increasing demand for pharmaceutical products and greater 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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