Europe and Asia Pacific are major producers of packaging machinery, particularly with countries like Italy, Germany, and Japan representing export of machinery globally.
Albany, NY -- (SBWIRE) -- 09/27/2017 -- According to the latest report findings, growing need for intelligent modernization of manufacturing facilities to enhance production efficiency and reduce product changeover time, is a prime factor supporting the demand for blister packaging equipment. Implementation of blister packaging is the highest in the pharmaceutical industry because of the rapid growth in the demand for tamper-evident and convenient packaging of medicines. Market Research Hub (MRH) has recently announced the addition of a new market intelligence study to its growing repository, which is titled as "Blister Packaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025". The study examines the global market and presents a thorough overview of blister packaging equipment market with key highlights to its growth prospects for the period, 2017 to 2025.
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Blister packaging mainly safeguards medicines and small medical devices from oxygen, moisture, odor and also increases their shelf life. Blister packaging machines seal products in a cavity, usually with a paper backing or aluminum seal. As per the projections of the report, the demand in the global blisters packaging equipment market will exhibit a CAGR of 5.4% during the forecast period of 2017 to 2025. Also, the market is estimated to reach US$3,261.6 mn by 2025, expressively up from its evaluated worth of US$2,035.9 Mn in 2016. This market is gaining traction from a number of factors such as high degree of automation in the packaging line, increasing adoption of blister equipment in production line and shift in consumer inclination towards convenience and aesthetic packaging.
Initially, the report begins with an overview of the global blister packaging equipment market, evaluating market performance in terms of revenue, followed by analysis of key trends, drivers and restraints witnessed in the market. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global blister packaging equipment market. Geographically, the report has been categorized into five major regions, including Latin America, North America, Asia Pacific, Europe and; the Middle East and Africa (MEA). Of these Asia Pacific currently dominates the global blister packaging equipment market, both in terms of value and volume.
Further, the market has been categorized on the basis of product type, process type, equipment type, technology type and end-use. Based on product type, the global blister packaging equipment market has been segmented into solid, semi-solid, and liquid. Solid products are easier to fill and more suitable than liquid and semi-solid products, hence this segment dominates the market and accounted for 83% of the demand share in 2017. Based on process type, the global market gains maximum demand from automatic segment. Major equipment type described in the study include shuttle Blister System, Rotary Blister System and Inline Filler System. The report finds that equipment-wise, rotary blister system are most profitable, while technologically, thermoforming is anticipated to sustain the strongest demand in the near future. End-use are pharmaceutical, food, Cosmetics & Personal Care, Consumer Electronics and other Manufacturing.
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At last, the report presents the vendor's competitive landscape and a detailed analysis of top vendors in the market. At present, crucial players in the global blister packaging equipment market include Marchesini Group S.p.A., Bosch Packaging Technology, IMA Industria Macchine Automatiche S.p.A., Gebo Cermex, ULMA Packaging, S. Coop, Sonoco Products Company, Zed Industries Inc., Uhlmann Pac-Systeme GmbH & Co. KG, Romaco Pharmatechnik GmbH, Körber AG, Fabrima Maquinas Automaticas Ltd., Jornen Machinery Co., Ltd., Illig Maschinenbau GmbH & Co. KG, CAM Packaging Solutions, Starview Packaging Machinery, Inc. and Royal Pharmaceutical Machinery Co., Ltd.
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