The Asia-Pacific pharmaceutical continuous manufacturing gravimetric feeder market is evaluated to record a CAGR of 10.35% during the estimated period of 2022 to 2030, reaching a revenue share of $21.40 million by 2030.

The market growth of the region is primarily credited to the rising manufacturing industries across developing countries, favorable government initiatives, and the growing pharmaceutical sector. However, factors such as the high costs of gravimetric feeders may impact the Asia-Pacific pharmaceutical continuous manufacturing gravimetric feeder market’s growth.

To know more about this report, request a free sample copy

The Asia-Pacific pharmaceutical continuous manufacturing gravimetric feeder market growth assessment comprises the evaluation of Japan, Indonesia, China, Australia & New Zealand, India, Vietnam, Thailand, South Korea, and Rest of Asia-Pacific. China is gradually transitioning to a higher-quality, higher-value-added economy from a high-speed economy. The country’s aging population, as well as the corresponding increase in medical demands, offer significant opportunities for the Chinese pharmaceutical industry.

China is also the largest active pharmaceutical ingredient (API) manufacturer globally. As per industry estimates, Chinese firms produce over 40% of all APIs utilized globally. Also, the majority of the country’s enterprises are engaged in manufacturing generics, therapeutic medications, and active pharmaceutical components, in addition to traditional Chinese medicine.

Following the United States and China, Japan continues to remain the largest pharmaceuticals market across the globe. Moreover, according to the Ministry of Health, Labor and Welfare’s Annual Pharmaceutical Production Statistics, the country’s market for prescription as well as non-prescription medications accounted for $107 billion in the year 2020. The volume share of generic medications has increased in Japan over recent years, as well.

The increasing use of biosimilars, in addition to the thriving generic drug market, fuels the transformation of the country’s pharmaceutical industry. Japan’s rapidly aging population also provides pharmaceutical companies with numerous growth opportunities. As a result, the growth of the pharmaceutical sector in the country is anticipated to bolster the demand for pharmaceutical continuous manufacturing gravimetric feeders. Hence, these factors are projected to augment the market growth in Europe during the forecast period.

The Asia-Pacific pharmaceutical continuous manufacturing gravimetric feeder market is segmented into type. The type category is further segmented into twin screw gravimetric feeder and single screw gravimetric feeder. Single screw gravimetric feeders are primarily utilized for feeding bulk, free-flowing materials such as powders and pellets. They are also essential for manufacturing and production operations across the pharmaceutical sector.

Some of the key players operating in the Asia-Pacific pharmaceutical continuous manufacturing gravimetric feeder market include Coperion GmbH, Hardy Process Solutions, Gericke Group AG, etc.

Schenck Process Holding GmbH, headquartered in Germany, manufactures industrial equipment. The company provides mechanical conveyors, screening, sifters, weighing, feeding, mills and lump breakers, pneumatic injection, mixers, spare parts, and others. It caters to industries such as mining, agriculture, chemicals, and energy. Schenck Process Holding GmbH is operational across the Asia-Pacific, North America, Europe, South Africa, and Latin America.

The company’s product MechaTron High Range Gravimetric Feeder is a heavy-duty gravimetric feeder capable of handling feed rates over 1,100 cubic feet per hour. Moreover, it also handles head loads up to 5,000 lbs.

Report Synopsis

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.