Healthcare

Pharmaceutical Packaging Testing Equipment market analysis With 2029 Top Companies profile like LABTHINK, UNION PARK CAPITAL, WEST PHARMACEUTICAL SERVICES INC., Qualitest International Inc

Global Pharmaceuticals Packaging Testing Equipment Market

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.

Segmentation:

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.

Competitive Analysis:

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.

Labthink International:

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.

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Recent Developments:

  • 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.
  • 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.
  • In April 2019, DDL, Inc. announced that the Cryopak Testing Center, has been rebranded as a DDL testing laboratory. The newly rebranded DDL lab will offer a range of testing including, integrity and strength testing, thermal performance, and shelf life testing.
  • In 2018, through the acquisition of PHAST GmbH, Eurofins BioPharma Product Testing Germany has strengthened its service portfolio for the research-oriented biotech and pharmaceutical industries by offering full service testing packages for large and small molecules.

Queries Resolved In This Report:

  • Which will be the specialties at which Pharmaceutical packaging testing equipment players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
  • Which will be the foreseen development rates for your own Pharmaceutical packaging testing equipment economy out and out and furthermore for each portion inside?
  • Which will be the Pharmaceutical packaging testing equipment application and sorts and estimate joined intently by makers?
  • Which will be the dangers which will attack growth?
  • The length of the global Pharmaceutical packaging testing equipment market opportunity?
  • How Pharmaceutical packaging testing equipment share advance vacillations their value from various assembling brands?

Customization Options

• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).

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