Overview and Scope
Blister packaging machinery refers to machinery used to seal product in a cavity, usually with a paper backing or an aluminium or film seal.
Sizing and Forecast
The blister packaging machinery consumption market size has grown strongly in recent years. It will grow from <b>$23.52 billion in 2023 to $25.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. </b> 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 <b>$36.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. </b> 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.
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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the blister packaging machinery market in 2023. <b>North America</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the blister packaging machinery consumption market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the blister packaging machinery consumption market include <b> WestRock Company, Sonoco Products Company, Tekni-Plex Inc., Display Pack Inc., Pharma Packaging Solutions, Winpak Ltd., SteriPack Group, DuPont de Nemours Inc., Perlen Packaging, Uhlmann Group, Industria Macchine Automatiche S.p.A., Robert Bosch GmbH, Marchesini Group S.p.A., Romaco Pharmatechnik GmbH, Sepha Ltd., ILLIG Maschinenbau GmbH & Co. KG, Algus Packaging Inc., Mediseal GmbH, Fabrima Maquinas Automaticas Ltda., Costruzioni Apparecchiature Macchine S.r.l., Starview Packaging Machinery Inc., Zed Industries Inc., Visual Packaging Group, Rohrer Corporation, Ecobliss Holding BV, Prent Corporation, Tekpak Solutions </b>
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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26. South America Blister Packaging Machinery Consumption Market
27. Brazil Blister Packaging Machinery Consumption Market
28. Middle East Blister Packaging Machinery Consumption Market
29. Africa Blister Packaging Machinery Consumption Market
30. Blister Packaging Machinery Consumption Market Competitive Landscape And Company Profiles
Top Major Players:
- WestRock Company
- Sonoco Products Company
- Tekni-Plex Inc
- Display Pack Inc
- Pharma Packaging Solutions
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