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Advancements in technology, regulatory changes, and shifting demands are rapidly evolving the market. Automation is becoming standard in pharmaceutical packaging. Automated lines boost production speed, reduce errors, and lower labour costs. AI, robotics, and machine learning enable faster, more accurate packaging with minimal human intervention. The rise of personalized medicine requires packaging machines to manage small, customized batches for individual patients. This is crucial for personalized doses, especially in biologics and gene therapies.
Additionally, IoT integration in packaging allows real-time monitoring of machine performance, maintenance, and production data. This improves efficiency, reduces downtime, and supports predictive maintenance. There's growing demand for packaging machines that integrate seamlessly with production lines, quality control, and supply chain logistics. This reduces manual handling and increases overall efficiency.
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.