Pharmaceutical Packaging Machinery - Global Market Outlook (2017-2026)

Global Pharmaceutical Packaging Equipment Market is accounted for $5.98 billion in 2017 and is expected to reach $12.25 billion by 2026 growing at a CAGR of 8.3%. Some of the key factors influencing the market growth include increasing demand for flexible and versatile packaging and high growth in generic and biopharmaceuticals. However, challenges in emerging markets, strict environmental & political norms and high packaging cost are some of the factors hampering the market growth.