COVID-19 Impact on Global Tablet Processing and Packaging Equipment Market – 2020-2026
Global Tablet Processing and Packaging Equipment Market were valued at USD 3419 Million in the year 2017. Global Tablet Processing and Packaging Equipment Market are further estimated to grow at a CAGR of 9.3% from 2018 to reach USD 5829 Millionby the year 2023.
North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At the country level, U.S and Canada is projected to grow strongly in the coming years due to increasing rate of population. Asia-Pacific region is projected to grow at a faster CAGR during the forecast period, due to the growing population especially in India and China, rising awareness about healthcare, improving healthcare system, increasing pharmaceutical manufacturing facilities, and increasing growth of ageing population along with chronic and infectious diseases.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Tablet Processing and Packaging Equipment 3900 market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Free Sample Report PDF: COVID-19 Impact on Global Tablet Processing and Packaging Equipment Market Outlook @
Understanding the segments helps in identifying the importance of different factors that aid the
The growing use of generic & OTC medication not only increased the demand of pharmaceutical processing & packaging equipment but also improved the production sector of pharma in the era of automation and technology. The global pharmaceutical processing & packaging equipment market is driven by growing aging population, increase in chronic and infectious diseases, increasing growth of pharmaceutical market, growing need to comply with various government regulations, and various technical advancements. However, the growing adoption of refurbished machines is expected to hamper the growth of the market to some extent.
Robert Bosch GmbH (Germany), GEA Group (Germany), Idex (US), I.M.A Industria Machine Automatiche S.P.A (India) are some of the key players in the Global Tablet Processing and Packaging Equipment Market. Rising research and development expenses to cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
View Complete Report / Any Query @
Key Market Trends | Growth | Share | Sale | Revenue | Manufactures | Technology Component
The Global Tablet Processing and Packaging Equipment Market is segmented as Product type, End Use and by Region. The Product type is segmented as granulators, milling equipment, vibrio sifters, dryers, blenders, tablet presses, allied machines and tablet packaging equipment. The liquid packaging equipment holds the highest market share due to increased demand for automated packaging solutions.
The End-Use segment is divided into pharmaceutical factories, research institutes, and others. Pharmaceutical factories hold the highest market share. Among all, it is expected that the other packaging equipment will be growing at a moderate CAGR in the assessment period.
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
Download Free Sample Copy @
NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
“Wise Guy Reports Is Part of the Wise Guy Consultants Pvt. Ltd. And Offers Premium Progressive Statistical Surveying, Market Research Reports, Analysis & Forecast Data for Industries and Governments Around the Globe. Wise Guy Reports Features an Exhaustive List of Market Research Reports from Hundreds of Publishers Worldwide. We Boast a Database Spanning Virtually Every Market Category and an Even More Comprehensive Collection of Market Research Reports Under These Categories and Sub-Categories”.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349