Pharmaceutical Packaging Equipment Market Led To A Lucrative Growth With USD 8.69 Billion By 2030: Grand View Research Inc.
San Francisco, 4 March 2024: The Report Pharmaceutical Packaging Equipment Market Size, Share & Trends Analysis Report By Machine Type (Filling, Labelling, Cartoning), By Region, And Segment Forecasts, 2024 - 2030 The global pharmaceutical packaging equipment market size is anticipated to reach USD 8.69 billion by 2030 and expand at a CAGR of 5.8% during the forecast period, according to a new report by Grand View Research, Inc. The rapid growth in the pharmaceutical industry and the growing demand for drug delivery devices are expected to propel the demand for market in the coming years. According to the European Federation of Pharmaceutical Industries & Associations, the global pharmaceutical market was valued at USD 1.47 trillion in 2020 and is expected to reach USD 2.23 trillion by 2028, propelling at a significant growth rate. The burgeoning growth of the pharmaceutical industry has become a pivotal driver for the escalating demand in the market. As the pharmaceutical