Blister Packaging Equipment Market - Global Size, Share, Trends, Growth and Forecast Year ( 2023 – 2032 )
Blister Packaging Equipment
Blister packaging equipment is a type of machinery used to package products in clear, plastic blister packs. These packs typically consist of a formed plastic cavity or "blister" that is sealed with a paper or foil backing. The product is placed in the blister, and the backing is sealed to the plastic to create a secure, tamper-evident package. Blister packaging equipment is used to package a wide range of products, including consumer goods, medical devices, and industrial products.
Blister Packaging Equipment Market Overview
The market size for Blister Packaging Equipment Market was USD 24.0 billion in the year 2022. It is expected that the market size for Blister Packaging Equipment will increase by approximately USD 41.4 billion by 2032 as the market for Blister Packaging Equipment is continuously growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period 2023-2032. The global market for blister packaging equipment is expected to grow in the coming years, driven by increasing demand for consumer goods and the need for tamper-evident packaging in various industries.
Blister Packaging Equipment Market Report Scope
USD 24.0 billion
USD 41.4 billion
5.6% from 2023 to 2032
Blister Packaging Equipment Market Key Drivers
There are various factors which help in the growth of the Blister Packaging Equipment Market. They are as follows:
- Increasing demand for consumer goods: There is a growing population worldwide and a rise in disposable incomes, which leads to an increase in demand for consumer goods. This leads to driving the market demand for blister packaging equipment.
- Need for tamper-evident packaging: there is an increased demand for product safety which leads to a rise in demand for tamper-evident packaging. This is driving the market for blister packaging equipment.
- Advancements in technology: The development of new, advanced blister packaging equipment that is more efficient and cost-effective is also driving market growth.
- Growing pharmaceutical and healthcare industry: The products of pharmaceuticals and healthcare require tamper-evident and child-resistant packaging, which leads to an increase in demand for blister packaging equipment.
- Rising e-commerce industry: The e-commerce industry requires tamper-evident ways for secure delivery of products, which require blister packaging. This is driving the growth of the market.
- Growing environmental concerns: The need for eco-friendly packaging is also a factor that is driving the demand for blister packaging equipment.
Blister Packaging Equipment Market Challenges
There are many challenges which are faced by Blister Packaging Equipment Market. They are listed below:
- High cost of equipment: The high cost of purchasing and maintaining blister packaging equipment can be a major challenge for small and medium-sized enterprises (SMEs).
- Stringent regulations: There are various rules and regulations implemented in the packaging industry, which makes it difficult for the companies to keep up to date with the standards.
- Lack of skilled workforce: There is a shortage of skilled workers in the packaging industry, which makes it difficult for companies to find the personnel they need to operate and maintain their equipment
- Limited recycling options: The lack of recycling options for blister packaging material can be a challenge. Besides the blister packaging is eco-friendly, companies are still looking for more sustainable packaging solutions.
- Increasing competition: The market is highly competitive, which makes it difficult for new companies to enter the market.
- Changes in consumer preferences: The changing consumer preferences in packaging design, materials, and sustainability can also be a challenge for the market
Blister Packaging Equipment Market Segmentation
The Blister Packaging Equipment Market is segmented into various categories which are listed below:
By product type:
- Fully automatic blister packaging equipment
- Food and beverage
- Consumer goods
- Food and beverage
- Consumer goods
- Cold Forming
By machine type:
- Asia Pacific
- Middle East and Africa
- Latin America
Blister Packaging Equipment Market Key Players
- IMA Group
- Marchesini Group
- Uhlmann Group
- Bosch Packaging Technology
- Romaco Group
- Multivac Group
- UPM Raflatac