The Blister Packaging Machinery Consumption Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Blister Packaging Machinery Consumption Global Market Report 2024, The blister packaging machinery consumption market size has grown strongly in recent years. It will grow from $23.52 billion in 2023 to $25.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to growth in pharmaceutical and healthcare industries, demand for tamper-evident and child-resistant packaging, stringent regulatory requirements for pharmaceutical packaging, increased in over-the-counter (otc) drug sales, expansion of consumer goods and electronics packaging.
The blister packaging machinery consumption market size is expected to see strong growth in the next few years. It will grow to $36.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rise in contract manufacturing and packaging services, market expansion in emerging economies and healthcare access improvement, demand for sustainable and eco-friendly packaging solutions, customization and flexibility in blister packaging equipment, increasing adoption of blister packaging in cosmetics and personal care. Major trends in the forecast period include integration of industry 4.0 technologies, modular and flexible packaging lines, smart packaging solutions, sustainable and recyclable materials, high-speed and high-throughput machinery, advanced feeding and handling systems.
The rising demand for the pharma industry is expected to propel the blister packaging market. The high economic growth, combined with increasing health insurance penetration, has increased spending on healthcare and medicine. Furthermore, People’s reliance on medication grows as they live longer lives with better access to treatment. The ability of the market to produce high-quality, low-cost medicines represents a massive business opportunity for the domestic industry. The insurance industry also influences medical spending. This increased demand in medicine has pushed the use of blister packaging machinery market to protect products against external factors, such as humidity and contamination, for extended periods. For Instance, according to Enterprise Ireland’s published report on the UK pharmaceutical sector, the value of the UK pharmaceutical sector is expected to rise by 19.3% to £25 billion ($30.26) between 2018 and 2023, representing a 3.6% annual increase. Therefore, the rising demand for the pharma industry will drive the growth of the blister packaging machinery consumption market.
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The blister packaging machinery consumption market covered in this report is segmented –
1) By Technology: Thermoforming, Cold Forming
2) By Type: Carded, Clamshell
3) By Material: Plastic, Paper, Aluminium
4) By Application: Pharmaceutical Industry, Food Industry, Cosmetics And Personal Care, Consumer Electronics
New product innovations in the packaging design of blister packs have emerged as a key trend gaining popularity in the blister packaging machinery consumption market. Innovative packaging entails innovative techniques and solutions that help products stand out from the crowd and increase the product’s growth and success with more sustainable and cost-effective solutions over the package’s lifespan. Major companies operating in the packaging sector are focused on developing new product innovations to strengthen their position in the market. For instance, In April 2022, Huhtamaki, a Finland-based consumer packaging company, launched Push Tab® blister lid, a first-to-market, aluminum-free, mono-material PET blister lidding for the healthcare industry. It significantly improves packaging recyclability while remaining compatible with existing high-performance blister packaging lines without requiring modifications or additional investment.
The blister packaging machinery consumption market report table of contents includes:
1. Executive Summary
2. Blister Packaging Machinery Consumption Market Characteristics
3. Blister Packaging Machinery Consumption Market Trends And Strategies
4. Blister Packaging Machinery Consumption Market – Macro Economic Scenario
5. Global Blister Packaging Machinery Consumption Market Size and Growth
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31. Global Blister Packaging Machinery Consumption Market Competitive Benchmarking
32. Global Blister Packaging Machinery Consumption Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Blister Packaging Machinery Consumption Market
34. Blister Packaging Machinery Consumption Market Future Outlook and Potential Analysis
35. Appendix
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