Manisha S
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The global pharmaceutical packaging market size was valued at USD 139.37 billion in 2023 and is expected to grow a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030.
The enormous growth of the pharmaceutical sector is one of the primary growth factors for the pharmaceutical packaging sector. The pharmaceutical business has been expanding quickly in recent years due to scientific and technological advancements, and this trend is predicted to continue over the projection period, particularly in developing nations like China, India, Saudi Arabia, and Brazil.
The U.S. accounted for the largest pharmaceutical market worldwide. Large healthcare system, high per capita income, and large investments in drug development in the country are some of the key factors driving the U.S. market. Furthermore, growing importance of generic drugs and access to better healthcare services are anticipated to provide lucrative opportunities for pharmaceutical packaging in the coming years. The 21st Century Cures Act (Cures Act) was signed on December 13, 2016, in the U.S. and is designed to accelerate medical product development. The law is expected to drive new innovations in product developments in pharmaceutical industry. This is expected to drive the demand for pharmaceutical packaging in U.S.
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Pharmaceutical Packaging Market Report Highlights
• Asia Pacific is expected to register the fastest CAGR of more than 12% from 2024 to 2030. This growth is due to the rapidly expanding pharmaceutical market, particularly in China & India, and rising cases of various diseases, such as cancer and heart problems
• In terms of material, the glass segment is projected to ascend at the highest CAGR of 10.3% over the forecast period. Strong chemical resistance to various medicinal products and the ability to withstand heating treatment during the sterilization process is expected to expand the penetration of glass packaging
• Pharma manufacturing is the key end-use segment that accounted for the highest share of 49.9% in 2023 and is expected to witness strong growth from 2024 to 2030. This is owing to the increasing demand for medicines.
• In April 2022, Amcor has launched new and more sustainable High Shield laminates to its pharmaceutical packaging portfolio. This is low carbon, recycle-ready, and moisture resistant packaging solution, thus end use companies’ recyclability agendas
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
• The global flexible paper packaging market size was estimated at USD 50.35 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.
• The global seaweed packaging market size was valued at USD 699.23 million in 2023 and is expected to expand at a CAGR of 6.6% from 2024 to 2030.
Pharmaceutical Packaging Market Segmentation
Grand View Research has segmented the pharmaceutical packaging market on the basis of on material, product, drug delivery mode, end-use, and region:
Pharmaceutical Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Plastics & Polymers
o Polyvinyl Chloride (PVC)
o Polypropylene (PP)
o Homo
o Random
o Polyethylene Terephthalate (PET)
o Polyethylene (PE)
o HDPE
o LDPE
o LLDPE
o Polystyrene (PS)
o Others
• Paper & Paperboard
• Glass
• Aluminium Foil
• Others
Pharmaceutical Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)
• Primary
o Plastic Bottles
o Caps & Closures
o Parenteral Containers
o Syringes
o Vials & Ampoules
o Others
o Blister Packs
o Prefillable Inhalers
o Pouches
o Medication Tubes
o Others
• Secondary
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary
Pharmaceutical Packaging Drug Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)
• Oral Drugs
• Injectables
• Topical
• Ocular/ Ophthalmic
• Nasal
• Pulmonary
• Transdermal
• IV Drugs
• Others
Pharmaceutical Packaging End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Pharma Manufacturing
• Contract Packaging
• Retail Pharmacy
• Institutional Pharmacy
Pharmaceutical Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Turkey
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Southeast Asia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Egypt
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Manisha S
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The global industrial vending machine market size was valued at USD 3.01 billion in 2023 and is anticipated to grow at a CAGR of 9.8% from 2023 to 2030.
The increasing demand is attributed to the growing trend toward lean manufacturing practices. As businesses strive to eliminate waste and improve efficiency, industrial vending machines are essential for managing and dispensing materials as needed. By supporting just-in-time (JIT) inventory practices, these machines help companies maintain minimal stock levels while ensuring that critical items are always available. This approach reduces storage costs and minimizes the capital tied up in inventory.
Another important driver is the rising adoption of customized and flexible manufacturing processes in sectors such as aerospace, automotive, and electronics, where production lines often need to adapt to different product specifications; industrial vending machines offer a flexible solution for managing a wide range of tools and components. These machines can be easily reconfigured to accommodate different items, enabling manufacturers to quickly adapt to changing production needs without disrupting operations. This flexibility is increasingly valuable as companies look to stay competitive in a market where customization and rapid product development are key differentiators. Industrial vending machines are provisioned to record inventory usage by tracking the type, time, and user identification, bringing transparency and accountability. Additionally, these machines improve the company's output by reducing the walk-around time and facilitating employee typicity. They also avoid hoarding various items.
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Industrial Vending Machine Market Report Highlights
• The coil vending machine segment accounted for over 37.8% of the global revenue share in 2023, owing to its higher penetration across various end-use industries such as construction, manufacturing, and oil & gas
• The PPE segment accounted for the largest share in 2023 due to the increased use of protective items, including hard hats, safety goggles, and safety gloves, across various industries
• The manufacturing segment held the largest market revenue share in 2023. This is credited to the strong growth in the manufacturing sector worldwide, especially in emerging economies
• North America accounted for the largest regional share in 2023, owing to the strong presence of key players and distributors in the region, and high awareness about these machines across various industries
• Key players are opting for various strategies, including product development, expansion to new geographic locations, and joint ventures, to increase sales and improve market share
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• The global polymer filler market size was valued at USD 57.33 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030.
• The global vacuum insulation panel market size was valued at USD 8.25 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030.
Industrial Vending Machine Market Segmentation
Grand View Research has segmented the global industrial vending machine market based on type, product, end-use, and region:
Industrial Vending Machine Type Outlook (Revenue, USD Million, 2018 - 2030)
• Carousel Vending Machine
• Coil Vending Machine
• Cabinet Vending Machine
• Others
Industrial Vending Machine Product Outlook (Revenue, USD Million, 2018 - 2030)
• MRO Tools
• PPE
• Others
Industrial Vending Machine End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Manufacturing
• Oil & Gas
• Construction
• Aerospace
• Others
Industrial Vending Machine Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
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Manisha S
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The global permanent magnets market size was valued at USD 22.18 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030.
The rising prominence of renewable energy sources, such as wind and solar, is anticipated to positively aid the market growth over the forecast period. At present, permanent magnets are used in wind turbine generators for increasing their efficiency. Rare earth magnets, such as Neodymium Ferrite Boron (NdFeB), are being predominantly used in wind turbines owing to benefits, such as increased reliability and reduction in maintenance costs.
The permanent magnet market in U.S. is expected to grow at a higher rate than its ferrite counterpart over the forecast period owing to its wide usage in high-end applications like robotics, wearable devices, electric vehicles, and wind power. Since the economic meltdown of 2008-09, the automotive industry in the U.S. has grown steadily. The country has been witnessing a significant rise in the adoption of plug-in electric cars, primarily driven by the advanced products offered by key players, such as Tesla, Chevy, Nissan, Ford, Audi, and BMW, among others. In early 2018, Tesla became one of several electric carmakers to use motors with neodymium magnets.
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Permanent Magnets Market Report Highlights
• The ferrite material segment dominated the market in 2023 mainly due to the wide usage of ferrite magnets in medical devices
• The NdFeB material segment is likely to witness the fastest CAGR, in terms of revenue, over the predicted timeline
• The rising popularity of anti-lock braking system sensors in vehicles is anticipated to aid the segment growth over the coming years
• The medical segment is estimated to be among the key application fields over the forecast period owing to the increased spending in healthcare infrastructure across the globe post-pandemic
• Asia Pacific is estimated to emerge as the largest as well as the fastest-growing regional market, in terms of revenue, from 2024 to 2030. China is projected to remain the key contributor to the regional market of Asia Pacific
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030.
• The global aluminum wire market size was estimated at USD 31.95 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.
Permanent Magnets Market Segmentation
Grand View Research has segmented the global permanent magnets market based on material, application, and region:
Permanent Magnets Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• Ferrite
• Neodymium Iron Boron (NdFeB)
• Aluminum Nickel Cobalt (Alnico)
• Samarium Cobalt (SmCo)
Permanent Magnets Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• Automotive
• Consumer goods & electronics
• Industrial
• Aerospace & Defense
• Energy
• Medical
• Others
Permanent Magnets Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Russia
o UK
o France
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
o Indonesia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o KSA
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Manisha S
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The global field service management market size was valued at USD 4.43 billion in 2022 and is expected to grow significant growth with a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030 due to the growing number of field operations across different end-use industries such as telecom, oil & gas, construction, and energy & utilities. Furthermore, the rapid adoption of FSM solutions by different small & medium enterprises is also expected to drive market growth over the forecast period.
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Field Service Management Market Report Highlights
• The mobile field execution solution provided by the FSM software is the most preferred solution by the end-use industries which helps in execution and maintenance of fieldwork by technicians, reporting status, receiving alerts, gain visibility to individual performance.
• Most of the end-use industries such as utilities, healthcare, IT among others are moving from on-premise deployment to cloud deployment of the FSM software as it enables faster deployment speeds and reduces upfront costs.
• As compared to the small and medium enterprises, the large enterprises are increasingly adopting the FSM software for the management of large on-field technicians and employees who work on the field.
• The FSM software is being increasingly adopted across the construction industry due to the rapid industrialization and increasing population particularly in developing countries such as China and India.
• The FSM market is in the developing stage in the regions of Asia-Pacific, Middle East & Africa, and Latin America due to their increase in investment in the IT sector and increased focus on digital workplace transformation initiatives.
Browse through Grand View Research's Communication Services Industry Research Reports.
• The global rich communication services market size was valued at USD 2.68 billion in 2023 and is projected to grow at a CAGR of 25.3% from 2024 to 2030.
• The global geographic information system market size was valued at USD 9.80 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2030.
Field Service Management Market Segmentation
Grand View Research has segmented the global field service management market based on component, deployment, enterprise, end-use and region:
Field Service Management Component Outlook (Revenue in USD Million, 2017 - 2030)
• Solution
o Mobile field execution
o Service contract management
o Warranty management
o Workforce management
o Customer management
o Inventory management
o Others
• Services
o Implementation
o Training & support
o Consulting & advisory
Field Service Management Deployment Outlook (Revenue in USD Million, 2017 - 2030)
• On-Premise
• Cloud
Field Service Management Enterprise Outlook (Revenue in USD Million, 2017 - 2030)
• Large enterprises
• SMEs
Field Service Management End-use Outlook (Revenue in USD Million, 2017 - 2030)
• Energy & utilities
• Telecom
• Manufacturing
• Healthcare
• BFSI
• Construction & real estate
• Transportation & logistics
• Retail & wholesale
• Others
Field Service Management Regional Outlook (Revenue in USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o Saudi Arabia
o South Africa
o UAE
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