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Blister Packaging Machinery Consumption Market 2023 - By Industry Analysis, Future Demand, Trends And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Blister Packaging Machinery Consumption Global Market Report 2023 identifies rising demand for the pharma industry as the major driver for the Blister Packaging Machinery Consumption market's growth in the forecast period. 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 global blister packaging machinery consumption market size grew from $21.65 billion in 2022 to $24.27 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The blister packaging machinery consumption market size is expected to grow to $32.32 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Blister Packaging Machinery Consumption market are Amcor PLC., ACG Pharmapack Pvt. Ltd., The Dow Company, Inc., WestRock Company, Sonoco Products Company.
A key trend in the Blister Packaging Machinery Consumption market includes new product innovations. 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.
Read More On The Global Blister Packaging Machinery Consumption Market Report Here:
https://www.thebusinessresearchcompany.com/report/blister-packaging-machinery-consumption-global-market-report
The Blister Packaging Machinery Consumption market is segmented -
• By Technology: Thermoforming, Cold Forming
• By Type: Carded, Clamshell
• By Material: Plastic, Paper, Aluminium
• By Application: Pharmaceutical Industry, Food Industry, Cosmetics And Personal Care, Consumer Electronics
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Blister Packaging Machinery Consumption market.
The Business Research Company's "Global Blister Packaging Machinery Consumption Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Blister Packaging Machinery Consumption Market Include:
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
………………………………
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
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