Pharmaceutical Packaging Equipment Market Size

Global Pharmaceutical Packaging Equipment Market size was valued at USD 8.7 billion in 2023 and is poised to grow from USD 9.34 billion in 2024 to USD 16.4 billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032). 

Rapidly surging demand for pharmaceuticals and drugs, expansion of pharmaceutical manufacturing activity, growing popularity of personalized medicine and biopharmaceuticals, and technological advancements in packaging equipment are slated to bolster the demand for pharmaceutical packaging equipment in the long run.

Growing investments in healthcare coupled with high incidence of chronic diseases are driving up the demand for pharmaceuticals. The need for efficient, high-speed, and reliable packaging equipment to ensure product safety of these novel pharmaceuticals is slated to drive up the sales of pharmaceutical packaging equipment going forward. Imposition of strict guidelines on pharmaceutical packaging to ensure drug safety, efficacy, and traceability are also estimated to offer new opportunities for market players over the coming years.

The rapid hike in demand for biopharmaceuticals, including vaccines, gene therapies, and personalized medicines around the world is also slated to drive the global pharmaceutical packaging equipment market growth through 2032. The need for specialized packaging solutions, such as cold-chain packaging and high-barrier material for biopharmaceuticals is also slated to offer new scope for product innovation in the future. Growing emphasis on the adoption of automated and robotic packaging solutions to improve efficiency, reduce human errors, and enhance productivity are also slated to help boost the sales of pharmaceutical packaging equipment going forward.

Counterfeit drugs are a major global concern, prompting the need for secure packaging technologies, such as tamper-evident seals, QR codes, and RFID-enabled tracking systems. Pharmaceutical companies are investing in advanced packaging equipment to enhance security and prevent counterfeiting. On the contrary, high initial investments, high maintenance costs, regulatory compliance challenges, short product lifecycles, supply chain disruptions, and dearth of skilled workforce for advanced equipment are forecasted to impede the sales of pharmaceutical packaging equipment across the study period and beyond.

Key Market Attributes

In April 2024, SIG, a leading packaging manufacturer headquartered in Switzerland announced the launch of a new filling system. The new SIG Prime 55 In-Line Aseptic offerings aim to eliminate the need for third-party pre-sterilization of spouted pouches. The new packaging machine utilizes aseptic filling technology with in-line sterilization for different types of products ranging from food to pharmaceuticals.

In February 2023, Volpak, a leading packaging machine manufacturing company from Spain announced the launch of new flexible packaging machines for pharmaceutical applications. The Enflex PHS Series is available in multiple-lane setups and is designed for specific configurations to meet customer needs. The company also claims that this new range of machines reduces material wrapping usage by 42% in comparison with other units on the market and saves energy costs through its servomotor-based energy recovery system. In November 2023, ELITER Packaging Machinery, a packaging machinery supplier announced the launch of a new automatic cartoning machine. The new machine was showcased at the Interpack Alliance Exhibition – Shanghai World of Packaging 2023 event. Gran Sonata utilizes multi-axis servo drive technology to make its construction and maintenance simpler for end users. The machine is suitable for large-sized cartoning and medium-size case packing for the automation of secondary and tertiary packaging operations for end users.

Launching new packaging equipment and machinery with advanced capabilities is the prime focus of all pharmaceutical packaging equipment companies. Integrating this advanced pharmaceutical packaging equipment with novel technologies such as artificial intelligence, machine learning, and Internet of Things (IoT) can also help maximize the business scope of market players in the long run. Collaborations with companies can also help foster product innovation and also create new opportunities to boost revenue generation going forward.