Blister Packaging Equipment Market size is poised to cross USD 40 billion by the end of 2033, growing at a CAGR of 3% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of blister packaging equipment was over USD 25 billion. The growth of the market can be attributed to the higher utilization of blister packaging in pharmaceuticals to pack medicines backed by the escalated consumption and distribution of medicines across the globe. Medicines comprises several chemical and other components that requires specialized packaging to preserve them for a prolonged time. If these medicines aren’t packed properly, the ability of them to treat diseases and disorders can be affected negatively. Blister packaging is considered to one of the most suitable types of packaging for medicines. As of 2021, it was estimated that approximately USD 1.5 trillion was spent on medicine across the globe.
Global blister packaging equipment market trends such as, the rising adoption of blister packaging and a noteworthy increase in disposable income are projected to influence the growth of the market positively over the forecast period. A report published by the World Bank stated that the adjusted net national income dropped to approximately USD 8,784 per capita in 2020. Additionally, higher demand for packed toys and others is further projected to hike the market growth over the forecast period. For instance, in 2021, toy sales across the globe were estimated to hit about USD 100 billion. Therefore, all these factors are expected to propel the growth of the market during the forecast period.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~3% |
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Base Year Market Size (2022) |
~USD 25 Billion |
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Forecast Year Market Size (2033) |
~USD 40 Billion |
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Regional Scope |
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End-user (Food & Beverage, Healthcare, Cosmetics, Pharmaceuticals)
The global blister packaging equipment market is segmented and analyzed for demand and supply by end-user into food & beverage, healthcare, cosmetics, pharmaceuticals, and others. Out of these segments, the food & beverage segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing prevalence of packaged and ready-to-eat meal. For instance, the volume growth of the ready-to-eat meals is forecasted to hit approximately 85,000 mkg by 2027. Now a day, packaged food is highly in demand owing to the growing economically active population. Additionally, escalating penetration of internet and smartphones also boosting the demand online food delivery where food packaging becomes vital to deliver the best quality food to the consumers. By 2026, there will be nearly 2,500 million users of online food delivery while currently approximately 72% of the global population prefer online food delivery system.
Material (Plastic, Aluminum, Paper & Paperboard)
The global blister packaging equipment market is also segmented and analyzed for demand and supply by material into plastic, aluminum, and paper & paperboard. Amongst these three segments, the plastic segment is expected to garner a significant share. Blister packaging comprises PVC (polyvinyl chloride) plastic packaging. It is the most common packaging blister packaging material. Generally, PVC sheets with thickness of nearly 0.3mm are utilized to make blister packs. PVC sheets are used in blister packaging to make it robust, appealing, and durable which also makes blister packs hard to bend. For instance, the consumption volume of PVC (polyvinyl chloride) was stated to reach approximately 55,000 thousand tons across the globe. Hence, such factors are anticipated to propel the market growth over the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Equipment Type |
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By Technology |
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By Material |
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By End-User |
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APAC Market Statistics
Furthermore. the blister packaging equipment market is also projected to grow at rapid pace in the Asia Pacific region over the forecast period. The market in this region is projected to grow mainly on the back of boom in the regional population that is propelling the demand for packaged food. For instance, in Asia Pacific, the total volume of packaged food production was estimated to reach around 1,000,000 by 2027. Furthermore, growing government initiatives in the region to develop healthcare infrastructure has also spurred the production of medicines.
North American Market Forecast
The North American blister packaging equipment market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the rising demand for packaged and ready-to-eat meals and the rising adoption of blister packaging in plastic bottles. For instance, it was observed that around 35% of Americans consumed ready-to-eat meals in 2020. Hence, such factors are estimated to hike the growth of the market in the region over the forecast period. Furthermore, growing prevalence of chronic diseases in the region has boosted the higher consumption of medicines in the region. Therefore, such a higher consumption triggered the escalated production and distribution of the medicine across the region resulting in higher adoption of blister packs. For instance, in 2020, the total number of medicine doses consumes in USA was estimated to reach approximately 5 trillion.
Tauriga Sciences Inc. to announce the completion of the final blister pack design for its product Tauri-gum. Tauri-gum is further available as an in-black flavor and also comes with cannabigerol. Tauriga Sciences Inc. is a diversified life science company. The company completed one of its vital initiatives to meet the significant national retail chains and demand from regional distributors.
Amcor Limited to acquire recognition for its AmSky, recyclable blister packaging system by the Association of Plastic Recyclers (APR). AmSky provides a sustainable packaging solution for pharmaceutical and nutraceutical companies. It has the potential to replace PE film recycle stream.
Author Credits: Sadaf Naaz, Mohd Shadab
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