Global Blister Packaging Machinery Consumption Market
Dublin, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The "Blister Packaging Machinery Consumption Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering. The global blister packaging machinery consumption market is expected to grow from $19.86 billion in 2021 to $21.53 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The blister packaging machinery consumption market is expected to reach $29.22 billion in 2026 at a CAGR of 7.9%. Asia-Pacific was the largest region in the blister packaging machinery market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the blister packaging machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The main technology of blister packaging machinery consumption are thermoforming and cold forming. The thermoforming technology of blister packaging machinery consumption is the process of converting a flat plastic sheet into a three-dimensional shape using heat, vacuum, and pressure. PS Sheet Thermoforming Machine
Thermoplastics are plastics made of thermoforming that become homogenised when heated. The blister packaging machinery consumption types are carded and clamshell, that are made up of material such as plastic, paper, and aluminium, which are applied to pharmaceutical industry, food industry, cosmetics and personal care, and consumer electronics. 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, In December 2019, 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 blister packaging machinery consumption makret. 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.
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2026
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Scope Markets Covered: 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 Key Topics Covered: 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. Blister Packaging Machinery Consumption Market Size And Growth 6. Blister Packaging Machinery Consumption Market Segmentation
7. Blister Packaging Machinery Consumption Market Regional And Country Analysis 8. Asia-Pacific Blister Packaging Machinery Consumption Market 9. China Blister Packaging Machinery Consumption Market 10. India Blister Packaging Machinery Consumption Market 11. Japan Blister Packaging Machinery Consumption Market 12. Australia Blister Packaging Machinery Consumption Market 13. Indonesia Blister Packaging Machinery Consumption Market 14. South Korea Blister Packaging Machinery Consumption Market
15. Western Europe Blister Packaging Machinery Consumption Market 16. UK Blister Packaging Machinery Consumption Market 17. Germany Blister Packaging Machinery Consumption Market 18. France Blister Packaging Machinery Consumption Market 19. Eastern Europe Blister Packaging Machinery Consumption Market 20. Russia Blister Packaging Machinery Consumption Market 21. North America Blister Packaging Machinery Consumption Market 22. USA Blister Packaging Machinery Consumption Market 23. South America Blister Packaging Machinery Consumption Market 24. Brazil Blister Packaging Machinery Consumption Market 25. Middle East Blister Packaging Machinery Consumption Market 26. Africa Blister Packaging Machinery Consumption Market 27. Blister Packaging Machinery Consumption Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Blister Packaging Machinery Consumption Market 29. Blister Packaging Machinery Consumption Market Future Outlook and Potential Analysis 30. Appendix Companies Mentioned
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Plastic Sheet Pressure Forming Global Blister Packaging Machinery Consumption Market