New Report Forecasts Growth of Pharmaceutical Packaging Equipment Market
Research and Markets, one of the world’s largest market research stores, released last week a new report titled“Pharmaceutical Packaging Equipment Market by Package Type andamp; Product Type – Global Forecast to 2018.”
The report offers research and analysis of the pharmaceutical packaging equipment market, which has a high growth potential due in large part to the genericization resulting from drugs going off-patent.
However, there are other factors, such as the use of refurbished packaging equipment as a way to cut costs, that represent a significant challenge to market growth during the forecast period extending to 2018.
The report also covers market’s the paradigm shift in the use of conventional packaging lines, which has occurred in response to the rising demand for flexible, automated, integrated means.
Pharmaceutical packaging equipment manufacturers have had to apply innovative, novel technologies in order to keep with this change. These new pieces of equipment are designed to reduce production time.
The report expects that the trend of new technology adoption will continue to solve the challenges of the present and help fulfill market needs.
A similar report from Markets and Markets found that “the market was valued at $4,525 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018.”
If Market and Market’s report is correct, then by 2018 the pharmaceutical packaging equipment market will be worth a whopping $6.181 billion.
These reports indicate that the pharmaceutical packaging equipment market may be quite the investment opportunity for savvy investors. Of course, it’d be wise to purchase and examine these reports first to ascertain if their optimism should really be trusted.
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