According to HTF Market Intelligence, the Global Granulator market to witness a CAGR of 5.5% during forecast period of 2023-2028. Global Granulator Market Breakdown by Product (Single Pot Granulators, High Sheer Granulators, Fluid Bed Granulators, Rapid Mixer Granulators, Others) by Granulation Mechanism (Dry Granulators, Wet Granulators, Mixed Granulators) by End User (Pharmaceutical Manufacturing Companies, Contract Manufacturing Organizations, Research Institutes, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Granulator market size is estimated to increase by USD 1 Billion at a CAGR of 5.5% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 8.19 Billion.
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A granulator is a machine used for size reduction, typically in the form of shredding or grinding, to convert larger particles into smaller granules. It finds extensive application in various industries, including pharmaceuticals, chemicals, food processing, and recycling.
Granulator market – Key Segment Analysis
The market share growth by the Dry Granulators segment will be significant during the forecast period. The segment is driven by the Increasing Demand in Pharmaceutical Industry: Growing pharmaceutical production drives the demand for granulators for drug formulation..
Granulator market – Competition Analysis
The global Granulator market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Vecoplan AG (Germany), Cumberland Engineering (United States), Rapid Granulator AB (Sweden), Pallmann Maschinenfabrik GmbH & Co. KG (Germany), ZERMA Machinery & Recycling Technology (China), Thermotech Systems Ltd. (India), Avian Granulator (Taiwan), Previero N. Srl (Italy), Zhangjiagang Mooge Machinery Co., Ltd. (China), Shini Plastics Technologies, Inc. (Taiwan).
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Granulator
Market Drivers
- Increasing Demand in Pharmaceutical Industry: Growing pharmaceutical production drives the demand for granulators for drug formulation.
Market Trend
- Technological Advancements: Integration of advanced technologies such as automation and artificial intelligence for improved efficiency.
Market Opportunities
- Emerging Markets: Untapped markets in developing regions present opportunities for market expansion.
Market Restraints
- High Initial Investment: Cost constraints for small and medium-sized enterprises (SMEs) in adopting granulation technology.
Market Challenges
- Maintenance Issues: The complexity of some granulator systems may lead to maintenance challenges.
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What key data is demonstrated in this Granulator market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Granulator market between 2023 and 2028
- Precise estimation of the size of the Granulator market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Granulator market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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