Blister Packaging Machinery Consumption Market 2024-2033: Production Analysis, Segmentation, Key Drivers And Top Players |WestRock Company, Sonoco Products Company, Tekni-Plex Inc., Display Pack Inc., Pharma Packaging Solutions.

The Business Research Company presents an extensive market research report on the ""Blister Packaging Machinery Consumption Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the blister packaging machinery consumption industry. This report on blister packaging machinery consumption market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The blister packaging machinery consumption market size has grown strongly in recent years. It will grow from $23.52 billion in 2023 to $25.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to growth in pharmaceutical and healthcare industries, demand for tamper-evident and child-resistant packaging, stringent regulatory requirements for pharmaceutical packaging, increased in over-the-counter (otc) drug sales, expansion of consumer goods and electronics packaging.

The blister packaging machinery consumption market size is expected to see strong growth in the next few years. It will grow to $36.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rise in contract manufacturing and packaging services, market expansion in emerging economies and healthcare access improvement, demand for sustainable and eco-friendly packaging solutions, customization and flexibility in blister packaging equipment, increasing adoption of blister packaging in cosmetics and personal care. Major trends in the forecast period include integration of industry 4.0 technologies, modular and flexible packaging lines, smart packaging solutions, sustainable and recyclable materials, high-speed and high-throughput machinery, advanced feeding and handling systems.

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Key Market Players:
WestRock Company, Sonoco Products Company, Tekni-Plex Inc., Display Pack Inc., Pharma Packaging Solutions, Winpak Ltd., SteriPack Group, DuPont de Nemours Inc., Perlen Packaging, Uhlmann Group, Industria Macchine Automatiche S.p.A., Robert Bosch GmbH, Marchesini Group S.p.A.

Market Drivers:
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, 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 growth of the blister packaging machinery consumption market.

More information about the Global Blister Packaging Machinery Consumption Market Report -
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Market segments for template include:
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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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