QY Research has recently released its new report titled, “Global X-ray Food & Pharmaceutical Inspection Equipment Market Insights, Forecast to 2025”, which studies the market dynamics that are expected to impact the current and a future market scenario of the market. The report consists of top-down and bottom-down approaches for segmenting and estimating the statistics associated with the market.
According to the report, the global x-ray food & pharmaceutical inspection equipment market is anticipated to grow to US$291.9 mn by 2025 from US$198 mn in the year 2018. The market will be registering a CAGR of 5.6% between 2019 and 2025, anticipates research report.
Global X-Ray Food & Pharmaceutical Inspection Equipment Market: Trends and Opportunities
The global market for x-ray food & pharmaceutical inspection equipment will witness significant growth in the coming years as the manufacturers are using x-ray inspection systems to maintain certain quality of products to protect brand values. Product quality needs to be checked and verified on the production lines, in both the pharmaceutical industry or food and beverages industry, the x-ray food & pharmaceutical inspection equipment is one of the most prominent ways to safeguard against potential issues.
In addition, x-ray food & pharmaceutical inspection systems help manufacturers to identify the presence of contaminants such as dense plastics, metal, glass, calcified bone, and stone, which helps in reducing the risk of product recalls. In addition, the latest technology systems of the x-ray inspection systems will provide superior graphical interfaces for combined and ease-of-use versatility of new software solutions. Combining information is expected to save time for the operator, which is expected to create lucrative growth opportunities for the market in the coming years.
Global X-ray Food & Pharmaceutical Inspection Equipment Market: Forecast by Application
The application segment includes pharmaceutical and food. Food application segment held 89% of the market share in the year 2018 and will remain the leading segment throughout the forecast period. In the year 2018, the pharmaceutical segment held a share of 11% in the global market for X-ray food & pharmaceutical inspection equipment.
Global X-ray Food & Pharmaceutical Inspection Equipment Market: Forecast by Product type
The product type segment includes bulk product inspection equipment and packaged product inspection equipment. The bulk product inspection equipment segment held 27% share in the market share in x-ray food & pharmaceutical inspection equipment market in the year 2018. On the other hand, packaged product inspection equipment segment consumed 73% of the market share in the year 2018 and will hold the largest market share by 2025.
Global X-ray Food & Pharmaceutical Inspection Equipment Market: Geographical Outlook
In the year 2018, Europe was the largest consumption market for x-ray food & pharmaceutical inspection equipment, which grabed 28.22% of the total consumption volume. Europe also held 39.96% of the production market followed by China and Japan, which respectively accounted for 16.19% and 21.17% of the global x-ray food & pharmaceutical inspection equipment market.
Global X-ray Food & Pharmaceutical Inspection Equipment Market: Key Players
The major players operating in the global x-ray food & pharmaceutical inspection equipment market are Easyweigh, Anritsu Infivis, JUZHENG Electronic and Technology, Mettler-Toledo, Gaojing, Minebea Intec, SHANAN, Thermo-fisher, COSO, Ishida, Meyer, Loma Systems, NongShim Engineering, Sesotec GmbH, Mekitec, Multivac Group, WIPOTEC-OCS, Dylog Hi-Tech, Techik, and Bizerba.
Global X-ray Food & Pharmaceutical Inspection Equipment Market: Competitive Landscape
Anritsu Infivis is the key manufacturer of detection and inspection equipment. The company has launched its new X-ray system, which is designed for the food and packaging industries and it has also been exhibited at the Pack Expo 2018 in Chicago. The company has shown their 2nd generation XR75 DualX x-ray system and a new upgraded QUICCA3, with its overall control system software and quality management. Anritsu Infivis had also displayed their full line of the x-ray inspection system, metal detectors, and check weighers. Companies are investing in development of new products to enhance their business and remain competitive in the market.