Europe Pharmaceutical
Packaging Equipment Market Size and Growth Rate:
The Europe pharmaceutical packaging equipment market is
forecasted to reach USD 1.91 billion by 2021 from USD 1.35 billion in 2016, at
a CAGR of 6.71%.
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Packaging Equipment Market @ https://www.researchcosmos.com/reports/europe-pharmaceutical-packaging-equipment-market/19721317
Europe Pharmaceutical
Packaging Equipment Market Growth Drivers and Restraints:
Growing demand for flexible and integrated packaging, increasing
incidence of diseases, innovations in drug delivery techniques and fast growth
of the pharmaceutical industry are some of the key circumstances driving the
growth for Europe pharmaceutical packaging equipment market. In addition,
growing generic and contract manufacturing activities are expected to hit the
market demand. But, high packaging cost, strict environmental and political
standards and high competition between the market players are some of the major
circumstances restraining the growth of the regional market.
Rising demographics and economies in developing countries of
Europe would lead to an increase in pharmaceutical packaging equipment market
in this region. In addition, the growing demand for primary pharmaceutical
containers would receive an opportunity for this market. But changing health
regulations and availability and cost volatility of raw material could be a
challenge for the European market. Companies included in pharmaceutical
packaging have been involved in saving the operational value. In addition, the
rising number of mergers and acquisitions, new product launches and a growing
number of collaborations and communities are some of the trends that have been
observed in the local market.
Pharmaceutical packaging equipment presents safety and quality
of packaging for pharmaceutical products. Unlike conventional packaging
systems, the material used nowadays are modern, adaptable, automated and are
combined to meet pharmaceutical products requirements. Pharmaceutical packaging
equipment helps in reducing the time for the packaging of goods that helps to
improve production and innovations in drug delivery systems and personalized
drugs.
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Europe Pharmaceutical
Packaging Equipment Market Geographical Segmentation:
Robert Bosch is one of the leading suppliers of various technologies
and services in Europe. The company is involved in the manufacturing,
marketing, and distribution of a type of mobility and industrial technology
solutions, such as energy and control technologies; packaging technologies; and
customer goods & energy and building technology solutions. Furthermore, The
company sales and service associates in around 150 nations across Africa, the
Americas,Europe, Asia, Australia, and the Middle East.
Key players of the Europe
Pharmaceutical Packaging Equipment Market:
The leading players in the Europe pharmaceutical packaging equipment
market are Robert Bosch (Germany), Körber (Germany),Marchesini Group (Italy),
IMA (Italy), MG2 (Italy), Uhlmann Group (Germany), Romaco Holding (Germany),
Bausch + Ströbel (Germany),OPTIMA Packaging Group (Germany), Coesia (Italy),
and MULTIVAC Group (Germany).
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