Global Blister Packaging Machinery Market 2018-2022
About Blister Packaging Machinery
Blister packaging machinery is a type of packaging machinery used for the sealing of a product in a cavity with paper or thermoformed backing. Blister packaging machines are used for the packaging of solid, semi-solid, powder, and granular products.
Technavio’s analysts forecast the global blister packaging machinery market to grow at a CAGR of 9.51% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global blister packaging machinery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Blister Packaging Machinery Market 2018-2022
Technavio recognizes the following companies as the key players in the global blister packaging machinery market: ACG Worldwide, Barry Wehmiller, Bosch Group, Fabrima, and Marchesini Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of robotic blister packaging machinery. Fully automated blister packaging machinery provides flexibility to end-users with respect to high accuracy and precision, consistency, and volume. Robotic blister packaging machinery is equipped with advanced monitoring and control capabilities for maintaining the efficiency of packaging lines and reducing the energy consumption.”
According to the report, one driver in the market is reduction in cost through automated machines. Blister packaging through automated blister packaging machinery cuts down the time and labor costs by more than 50% due to the high precision and increased efficiency of the machines. Blister packaging of pharmaceutical drugs using manual processes proves expensive than automated blister packaging solutions. On an average, around 1.5 minutes is taken for manually filling and labeling of a unit dose blister card that has an average of 35 doses.
Further, the report states that one challenge in the market is volatility in raw material prices. Blister packaging makes use of various types of plastic raw materials such as PET, PVC, HDPE, PP and LDPE material. These raw materials are made of polymer resins that are highly dependent on the demand and supply of crude oil in the market. The fluctuations in the crude oil prices prove challenging for vendors operating in the market, as the fluctuations in the crude oil prices drive packaging vendors to shift toward other forms of packaging solutions such as paper and bioplastics.
ACG Worldwide, Barry Wehmiller, Bosch Group, Fabrima, and Marchesini Group.