Pharmaceutical Packaging Testing Equipment Market to grow with a Healthy CAGR, Forecast 2021 – 2028 | Key Players – LABTHINK, UNION PARK CAPITAL, WEST PHARMACEUTICAL SERVICES INC
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Global Pharmaceuticals Packaging Testing Equipment Market By Type (Services, Equipment), End User (Pharmaceutical Companies, Contract Research Organizations, Government Organisations, Research Institutions, Testing Laboratories), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global pharmaceuticals packaging testing equipment market is projected to register a healthy CAGR of 10.7% in the forecast period of 2019 to 2026
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Pharmaceutical packaging testing equipment is used for testing packages of pharmaceutical products. The two major components of package testing include; package integrity (leak) testing and seal strength testing. Package testing is the measurement of the characteristic and property that are involved with packaging to check the strength, durability, and shelf life. Package testing includes packaging materials, components, packages, shipping containers, and unit loads as well as the all the process associated with it. Testing equipment measures effects and interactions, contents of package, packaging levels, end use and the external forces of pharmaceutical packages.
Global pharmaceuticals packaging testing equipment market is segmented into two notable segments which are type and end user.
- On the basis of type, the market is segmented into equipment and services. The equipment segment is further sub divided into permeability analyzer, creasing and stiffness tester, package drop tester, moisture meter, package vibration tester and texture analyzer. Permeability analyzer segment is further sub divided into gas permeation tester and container gas permeability tester. The services segment is further sub divided into container testing, container closure integrity testing, shelf life testing, visual inspection and functional testing, stability testing, raw material testing, method validation, microbial testing, environmental monitoring, physical chemical characterization and batch-release testing. Container testing is further segmented into container permeation testing, material identification testing, extractables testing, and functionality testing. Container closure integrity testing is further segmented into vacuum decay and pressure decay, high voltage leak detection, oxygen headspace and helium leak detection.
- In April 2019, Lansmont collaborated with Southern Marketing Associates, Inc. (U.S.). Focus of this collaboration is to expand Lansmont’s business in Southeast U.S. by covering: Maryland, Washington D.C., Virginia, Tennessee, North Carolina, South Carolina, Mississippi, Alabama, Georgia, Florida, and Puerto Rico.
- On the basis of end user, the market is segmented into pharmaceutical companies, contract research organizations, government organizations, research institutions and testing laboratories.
- In March 2018, the Intertek Group Plc Group acquired Aldo Abela Surveys Limited (Malta). Abela Surveys Limited is a leading provider of quality and quantity cargo inspection services, in Malta. This acquisition will help to expand Intertek business.
Focus of the report:
The report focuses to provide all the insights of the Pharmaceutical Packaging Testing Equipment market along with all CAGR values and the market shares analysis of all the players in the market. The report is a vital piece of information on the market which explains all the competitive landscape and all the segments in the market while analyzing and forecasting the Pharmaceutical Packaging Testing Equipment market for the coming years. The report also provides all details in terms of recent developments in the market and all the manufacturers.
Some of the major players operating in this market are LABTHINK, UNION PARK CAPITAL, WEST PHARMACEUTICAL SERVICES INC., Qualitest International Inc., AMETEK Sensors, Test & Calibration (STC), TEN-E, PTI Packaging Technologies and Inspection, AMRI, Westpak Inc., Eurofins Scientific, Intertek Group plc, Cryopak, SGS, TASI Group, Edwards Analytical, NSF International, Nelson Laboratories, LLC and others.
Global pharmaceuticals packaging testing equipment market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to criticality of packaging for pharmaceutical drugs, technological advancements and mandatory guidelines.
The market has witnessed developments in terms of merger and acquisitions, partnerships or product launches to enhance the product portfolio to meet the rising demand of innovative technology of pharmaceutical packaging testing equipment. For instance, In October 2016, TM Electronics, Inc. (US) was acquired by Union Park Capital. This acquisition will expand the product portfolio of Union Park Capital and help them to generate more revenue and sustain in the business competition. Such developments will only lead to a healthy future for global pharmaceuticals packaging testing equipment market.
Labthink International dominated the global pharmaceuticals packaging testing equipment market and accounts for the highest market share in 2018 which is followed by UNION PARK CAPITAL and West Pharmaceutical Services, Inc. The other key players existing in the market includes Qualitest International Inc., AMETEK Sensors, Test & Calibration (STC), TEN-E, PTI Packaging Technologies and Inspection, AMRI, Westpak Inc., Eurofins Scientific, Intertek Group plc, Cryopak, SGS, TASI Group, Edwards Analytical, NSF International, Nelson Laboratories, LLC and others.
Table Of Content: Pharmaceutical Packaging Testing Equipment market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Pharmaceutical Packaging Testing Equipment market
Part 04: Global Pharmaceutical Packaging Testing Equipment market Sizing
Part 05: Global Pharmaceutical Packaging Testing Equipment market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-pharmaceutical-packaging-testing-equipment-market
Pharmaceutical Packaging Testing Equipment market research report encompasses a far-reaching research on the current conditions of the industry, potential of the market in the present and the future prospects. What is more, this report also comprises of details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology. This market report also covers very important aspect which is competitive intelligence and with this businesses can gain competitive advantage to thrive in the market. Only authentic tools of market analysis are used on which businesses can trust confidently.
Labthink International headquartered in Jinan, China was founded in 1989. The company focuses on providing R&D of laboratory testing instruments, packaging testing and test data processing services for manufacturers, food and beverages producers, medical and pharmaceutical companies and other companies. The company has two operating product categories testing products and testing services. The market focused category lies under testing products and testing services category. The company is continuously engaged in strategic relationship to enhance the production and manufacturing of the equipment and services such as,
- In August 2018, Labthink launched its new C-series permeability testing instruments, including C230 series Oxygen Transmission Rate Test Systems, C330 series Water Vapor Transmission Rate Test Systems. The product launch will help company to generate the revenue.
It has its global networks through direct sales representatives and distributors in the U.S. and China.
UNION PARK CAPITAL:
UNION PARK CAPITAL headquartered in Massachusetts, U.S. was founded in 2012. The company is focussed on financial support in acquisition financing, family held businesses, take private transactions, management buy-outs, recapitalisations, growth equity investments, roll-overs of a portion of existing equity. The company has many operating product categories Testing 101, products, leak and leak flow testers, leak and leak flow system testers, package testers, fixtures and accessories, industries and applications, services & support categories. The market focused category lies under Testing 101, products, leak and leak flow testers, leak and leak flow system testers, package tester category. It has its global networks through direct sales representatives and distributors in the U.S.
West Pharmaceutical Services, Inc.:
West Pharmaceutical Services, Inc. is headquartered in Pennsylvania, U.S. founded in 1923. The company is engaged in providing innovative and high quality laboratory, advisory services and creating opportunities for generating shareholders value. The company operates through two business segments which include proprietary products and contract manufactured products. Contract manufactured products is market focused segment whose overall sales revenue of 2018 as compared to 2017 increased by 7.4% due to foreign currency translation impact. Apart from that, increase in sales price of the products and higher sales volume in ireland contributed in the growth of the company.
Its market focused categories are extractables and leachables analysis, packaging and device/combination product testing, container closure integrity analysis and techniques. In 2018, the total employees of the company were more than 36,518, whereas the revenue of the company obtained in 2018 was USD 1,717.40 Million.
The company has wide geographic presence in North America, South America, EMEA, Asia-Pacific. It operates through its subsidiaries such as Tech Group North America, Inc. (U.S.), Tech Group Europe Limited (Ireland), Medimop Medical Projects Ltd (Israel), West Pharmaceutical Services Cornwall Ltd (U.K.) and West Pharmaceutical Services Colombia SA (U.S.) among others.
Key Insights in the report:
- Historical and current market size and projection up to 2027
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