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In 2023, key companies like Bausch+Strobel, Harro Hofliger, Korber, Romaco and Schubert Group held a combined market share of 20%-25%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Automation, smart packaging, and serialization are driving the pharmaceutical packaging market. Companies offering innovative, automated, and customizable solutions gain a competitive edge. Demand is rising for flexible, scalable packaging systems that handle various product formats, batch sizes, and types. Companies with turnkey solutions featuring modularity and customization stand out. Strong customer support, including installation, training, maintenance, and service, is crucial in the pharmaceutical packaging machinery market.
Major players operating in the pharmaceutical packaging machine industry are:
Major players in the industry include Bausch+Strobel, Cama Group, Farmadosis, Harro Hofliger, Heino Ilsemann, Jornen Machinery, and Korber.
The U.S. market was valued at USD 700 million in 2023 and is estimated to grow at a CAGR of over 5.2% from 2024 to 2032, driven by increased pharmaceutical demand, technological advancements, and a focus on biopharmaceuticals and personalized medicine.
The filling machines segment accounted for approximately USD 1.3 billion in revenue in 2023 and is estimated to grow at a CAGR of around 5.6% from 2024 to 2032, driven by the need for precise and accurate filling machines for specialized pharmaceutical products.
The global market Size for pharmaceutical packaging machine was valued at USD 4.1 billion in 2023 and is projected to reach USD 6.4 billion by 2032, driven by a CAGR of over 5.1% from 2024 to 2032.