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).

Tablets are the most common medical dosage form provided by pharmaceutical companies. The primary objective of tablet design and manufacture is to deliver the correct amount of drug in an appropriate form orally. Design, manufacturing process and chemical content of the tablet has a significant impact on the efficacy of the drug. With high competition and increasing antibiotic resistance, pharmaceutical manufacturers are under pressure to develop more drugs to fight against powerful bacteria and chronic diseases. Tablets are processed into various shapes and forms using tablet packaging machines. These devices are designed to process tablets quickly, accurately and with flexibility. Due to the increasing demand in the pharmaceuticals industry globally, various types of packaging machinery are predicted to be in high demand in the coming years. Tablet processing equipment is used to convert large quantities of liquid or powder materials into small pieces, which are easy to handle. The main function of tablet processing equipment involves size reduction and breaking up of solid particles so that they can be easily incorporated into other products.

Tablet processing and packaging equipment is used to process and package tablets. This equipment is important because it helps ensure that tablets are processed and packaged properly, which helps improve their quality and effectiveness. The pharmaceutical industry uses a wide variety of liquids and each product, whether solid or liquid requires precise measurements. This packaging provides superior products, patient comfort and product protection as well as safety criteria. The latest pharmaceutical packaging equipment can include case packers, sealers, label applicators, hand packing stations and hard film over wrappers. Increased automation in pharm processing and packaging equipment market will boost efficiency; reduce housekeeping costs, and lower component costs. Growth in emerging economies offers significant growth opportunities for pharmaceutical packaging equipment suppliers. Many governments have started encouraging biopharmaceutical and pharmaceutical companies to develop and manufacture drugs for a variety of chronic and infectious diseases as well as highlighting the expansion of life science infrastructure through various projects. As a result of these developments, the demand for pharmaceutical packaging equipment will increase, which will further increase the growth rate of the market. Increasing aging population, rise in rates of chronic infectious diseases, increase in number of pharmaceutical companies and introduction of advanced technology are some of the major factors driving the growth of the tablet processing and packaging equipment market.

US Tablet Processing and Packaging Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.