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Blister Packaging Equipment Market Analysis by Type (Carded and Clamshell); by Equipment Type (Shuttle Blister, Rotary Blister, and Inline Filler); by Technology (Cold Forming and Thermoforming); by Material (Plastic, Aluminum, and Paper & Paperboard); and by End-User (Food & Beverage, Healthcare, Cosmetics, Pharmaceuticals, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • 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.
  • 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.

Global Blister Packaging Equipment Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~3%

Base Year Market Size (2022)

~USD 25 Billion

Forecast Year Market Size (2033)

~USD 40 Billion

The global blister packaging equipment market is estimated to garner revenue of ~USD 40 billion by the end of 2033 by growing at a CAGR of ~3% over the forecast period, i.e., 2023 – 2033. Further, the market generated revenue of ~USD 25 billion in the year 2022. The growth of the market can primarily be attributed to the higher utilization of blister packaging in pharmaceuticals to pack medicines. As of 2021, it was estimated that approximately USD 1.5 trillion was spent on medicine across the globe

Blister-Packaging-Equipment-Market-TrendGet more information on this report: Request Sample PDF

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 to 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.

Global Blister Packaging Equipment Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Manufacturing Activities of Packed Pharmaceutical Goods  

Based on the report provided by National Health Expenditure (NHE), the average spending on prescription drugs was stated to grow by 4.4% in 2018.

Medicines are mostly sold out in blister packaging since it is the most required method for them to preserve all the health properties. Blister packaging is a process of heating a particular sheet to form a bubble or blister so that it can cover the entire body of the product. In pharmaceuticals, blister packaging is also referred to as unit dose packaging.

  • Rising Inclination Toward Packed Food

As of 2021, the gross sales volume of packaged food was projected to reach about 35 thousand metric tons.

  • Increasing Utilization in Baby Food Packaging

For instance, in 2022, the baby food segment was anticipated to generate total revenue of around USD 280 billion.

  • Snack Packaging to Boost the Demand for Blister Packaging

In 2022, the revenue generated by the snack food segment was projected to be about USD 500 billion.

Challenges

  • Escalating Concern for Material Waste of Blister Packaging
  • Presence of Alternatives in the Market
  • Disrupted Supply-Chain on Account of COVID-19

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 which, the food & beverage segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the increasing demand in medicine packaging. For instance, the pharmaceutical industry across the globe was estimated to generate total revenue of approximately USD 1 trillion in 2020.

Global Blister Packaging Equipment Market Regional Synopsis

Regionally, the global blister packaging equipment market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2033. The growth of the market can be accounted to the rising demand for packaged and ready-to-eat meals and the rising adoption of blister packaging over 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.

Blister-Packaging-Equipment-Market-Scope

The global blister packaging equipment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global blister packaging equipment market includes the following segments:

By Type

  • Carded
  • Clamshell

By Equipment Type

  • Shuttle Blister
  • Rotary Blister
  • Inline Filler

By Technology

  • Cold Forming
  • Thermoforming

By Material

  • Plastic
  • Aluminum
  • Paper & Paperboard

By End-User

 

  • Food & Beverage
  • Healthcare
  • Cosmetics
  • Pharmaceuticals
  • Others

Top Featured Companies Dominating the Global Blister Packaging Equipment Market

  • Tauriga Sciences Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Pharma Packaging Solution
  • Amcor Limited
  • Display Pack, Inc.
  • The DOW Chemical Company
  • Tekni-Plex, Inc.
  • Westrock Company
  • Honeywell International Inc.
  • Sonoco Products Company
  • Constantia Flexibles GmbH

 

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