Ointment and Cream Manufacturing Plant Market Report 2023 | Ointment and Cream Manufacturing Plant Market Analysis, Trends, Growth Opportunities, and Forecast, 2023-2030

The global ointment and cream manufacturing plant market is expected to approach US$ 388.7 million by 2030, with an annual growth rate of more than 5.9%

Global Ointment and Cream Manufacturing Plant Market is valued at US$ 260.9 million in 2023 and is expected to grow at a significant CAGR of over 5.9% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

The growing awareness of skincare and beauty routines, driven by consumer preferences for maintaining healthy skin, contributes to the demand for various ointments and creams. In addition, consumers are increasingly prioritizing health and wellness, leading to the demand for products containing natural and organic ingredients. Manufacturing plants meeting these preferences may experience growth.

Moreover, the aging population worldwide has led to an increased demand for anti-aging skincare products. Ointments and creams targeting wrinkles, fine lines, and age-related skin concerns are in demand.

• According to a deep-dive market assessment by RationalStat, the global ointment and cream manufacturing plant market has been analyzed on the basis of market segments, including plant size, product type, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global ointment and cream manufacturing plant market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global ointment and cream manufacturing plant market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Ointment and Cream Manufacturing Plant Market: Segmental and Market Share Analysis
• On the basis of product type, OTC cream is anticipated to dominate the ointment and cream manufacturing plant market.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 260.9 million
Market Size Forecast US$ 388.7 million
Growth Rate 5.9%

Key Market Drivers
• Growing Pharmaceutical and Cosmetics Industry
• Increasing Trend Towards Personalized Skincare
• Increasing Awareness About Sustainable and Eco-friendly Products

Companies Profiled
• L.B. Bohle Maschinen und Verfahren GmbH
• Romaco Group
• Ginhong Industrial Mixing Equipment
• IMA Group
• IKA Group
• Adinath International
• FrymaKoruma AG
• ProXES Group
• Bhagwati Pharma
• GEA Group AG
• Bausch+Strobel SE Co KG

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global ointment and cream manufacturing plant market include,

• In March 2021, Romaco took over STE Tecpharm. The acquisition is expected to reinforce the acquiring company's Romaco's processing business division. In addition, the acquired company's conventional granulation lines and Wurster fluid bed systems perfectly complements Romaco's range for pharmaceutical solids.

Some of the prominent players and suppliers operating and contributing significantly to the global ointment and cream manufacturing plant market growth include L.B. Bohle Maschinen und Verfahren GmbH, Romaco Group, Ginhong Industrial Mixing Equipment, IMA Group, IKA Group, Adinath International, FrymaKoruma AG, ProXES Group, Bhagwati Pharma, GEA Group AG, and Bausch+Strobel SE Co KG, among others.

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RationalStat has segmented the global ointment and cream manufacturing plant market based on plant size, product type, end user, and region
• Global Ointment and Cream Manufacturing Plant Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Plant Size
o Small & Medium
o Large
• Global Ointment and Cream Manufacturing Plant Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product Type
o Prescription Ointments/Creams
o Over-the-Counter (OTC) Ointments/Creams
• Global Ointment and Cream Manufacturing Plant Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
o Pharmaceutical
o Cosmetics and Skincare
• Global Ointment and Cream Manufacturing Plant Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Ointment and Cream Manufacturing Plant Market
 US
 Canada
o Latin America Ointment and Cream Manufacturing Plant Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Ointment and Cream Manufacturing Plant Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Ointment and Cream Manufacturing Plant Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Ointment and Cream Manufacturing Plant Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Ointment and Cream Manufacturing Plant Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Ointment and Cream Manufacturing Plant Report:
• What will be the market value of the global ointment and cream manufacturing plant market by 2030?
• What is the market size of the global ointment and cream manufacturing plant market?
• What are the market drivers of the global ointment and cream manufacturing plant market?
• What are the key trends in the global ointment and cream manufacturing plant market?
• Which is the leading region in the global ointment and cream manufacturing plant market?
• What are the major companies operating in the global ointment and cream manufacturing plant market?
• What are the market shares by key segments in the global ointment and cream manufacturing plant market?

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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Contact
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Kimberly Shaw,
Content and Press Manager
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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