Global Tablet Processing and Packaging Equipment Market Size, Share, Growth Analysis, By Equipment type(Solid packaging equipment, Semi-solid packaging equipment), By Packaging type(Primary packaging and Secondary packaging) - Industry Forecast 2024-2031

Global Tablet Processing Packaging Equipment Market size was valued at USD 4.61 billion in 2022 and is poised to grow from USD 5.01 billion in 2023 to USD 9.77 billion by 2031, at a CAGR of 8.7% during the forecast period (2024-2031).

The key market players are constantly adopting various growth strategies in order to stay in the market. Product launches, innovations, mergers & acquisitions, collaborations are some of the growth strategies that are adopted by these key players to stay in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. Leading players are investing in manufacturing facility expansion to gain a competitive edge in the market. 'Bosch Packaging Technology', 'KORSCH AG', 'Robert Bosch GmbH', 'IMA S.p.A.', 'Romaco Group', 'Uhlmann Group', 'Marchesini Group S.p.A.', 'ACG Worldwide', 'ProMach', 'LMT Group', 'Syntegon Technology GmbH', 'Shin-Etsu Chemical Co. Ltd.', 'SaintyCo', 'Elizabeth Companies', 'Shanghai Tianxiang & Chentai Pharmaceutical Machinery Co. Ltd.', 'GEA Group Aktiengesellschaft', 'Kikusui Seisakusho Ltd.', 'IPharMachine', 'Tofflon Science and Technology Co. Ltd.', 'R.P. Products (India)', 'In February 2024, Mikart LLC, a Contract Development and Manufacturing Organization (CDMO), added Fette double-sided tablet presses to bolster its production capacity and meet the product demands of its increasing number of clients. ', 'In November 2023, MG America, the U.S. subsidiary of MG2 of Bologna, Italy and supplier of processing and packaging equipment, entered a strategic alliance with life sciences equipment provider Romaco North America to cross-promote and sell complementary production machinery. The agreement synergizes machinery offerings allowing each to offer a more comprehensive range of solutions to their respective customer bases. ', 'In August 2023, the new TPR 25 Pilot tablet coater from Romaco Tecpharm was unveiled to trade visitors at this year’s PACK EXPO Las Vegas. Romaco, the one stop solutions supplier for processing and packaging, also showed the PC 4350 high speed continuous motion cartoner from Romaco Promatic and the smart KTP 1X R&D tablet press from Romaco Kilian. ', 'In August 2021, Bosch announced the launch of its new Xelum R&D for the development of solid oral dosage forms. The system combines dosing, mixing, and granulating into a single platform, enabling efficient and flexible small-scale production. ', 'In November 2021, Marchesini Group announced the acquisition of Schmucker, a German company specializing in secondary packaging solutions. The acquisition is expected to expand Marchesini's product portfolio and increase its presence in the European market.'

The development of biological active ingredient protein (APIs) increases the demand for pharmaceutical packaging equipment, which increases the demand for API packaging and increases the demand for Abbreviated New Drug Applications (ANDA). This leads the demand for cost-effective and efficient packaging delivery of manufactured products in the pharmaceutical sector. So rising demand in active pharmaceutical ingredient (API) drive the global tablet processing and packaging equipment market.

Increasing research & development activities in healthcare infrastructure, development in new product launches, and rising demand of liquid packaging equipment are fuelling the market growth across the world. A rapid growth in the population across the world has led to increase in disease, which has resulted positively to the global tablet processing and packaging market. Major companies of the industry are highly focusing on the development of latest technology products and devices for the easy to use and comfortable for consumers. Use of primary packaging is major trend in global tablet processing and packaging equipment market.  

On the basis of region, global tablet processing and packaging equipment market is divided into, North America, Europe, Asia-Pacific, Latin America, and MEA. North America has major share in the global market. Increasing investments by major players in North America for manufacturing tablets on a large scale. Also, rising demand from the healthcare sector for innovative tablet products is also anticipated to drive growth over the forecast period.