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The Business Research Company’s Blister Packaging Machinery Consumption Global Market Report 2024 offers crucial insights into the blister packaging machinery consumption market help businesses analyse and build stronger strategies.

The blister packaging machinery consumption market has witnessed robust growth in recent years, driven by factors such as the expansion of pharmaceutical and healthcare industries, the demand for tamper-evident and child-resistant packaging, and increased regulatory requirements for pharmaceutical packaging. This blog delves into the current and anticipated future state of the blister packaging machinery consumption market, examining key growth drivers and emerging trends.

Market Growth and Projections

Current Growth and Future Projections
The blister packaging machinery consumption market is on an upward trajectory, growing from $23.52 billion in 2023 to an estimated $25.62 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.9%. Looking ahead, the market is poised for strong growth, projected to reach $36.21 billion by 2028, with an anticipated CAGR of 9.0%. This growth is attributed to various factors, including the rise in contract manufacturing and packaging services, market expansion in emerging economies, and the increasing demand for sustainable and eco-friendly packaging solutions.

Rising Demand for Pharma Industry Driving Growth

Pharma Industry as a Growth Catalyst
The blister packaging market is expected to be propelled by the rising demand in the pharmaceutical industry. Economic growth, increased health insurance penetration, and higher spending on healthcare have driven the need for pharmaceuticals. The increasing reliance on medication, especially as populations age and access to treatment improves, has created a significant business opportunity for the industry. Blister packaging machinery plays a crucial role in protecting pharmaceutical products against external factors, ensuring their quality and safety. For example, the UK pharmaceutical sector is expected to witness a 3.6% annual increase, reaching £25 billion ($30.26) between 2018 and 2023.

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Product Innovations: Sustainability in Focus

Huhtamaki’s Sustainable Solution
Innovations in blister packaging design, particularly those focused on sustainability, are gaining traction. Major companies, such as Huhtamaki, are leading the way with sustainable solutions. In April 2022, Huhtamaki introduced Push Tab® blister lid, an aluminum-free, mono-material PET blister lidding designed for the healthcare industry. This product not only enhances packaging recyclability but is also compatible with existing blister packaging lines, demonstrating a commitment to sustainability without requiring significant modifications.

Strategic Acquisitions for Market Expansion

Mereo and Hyperion’s Acquisition of Algus Packaging
Strategic acquisitions are shaping the landscape of the blister packaging machinery consumption market. In November 2022, Mereo Capital Partners and Hyperion Capital Partners acquired Algus Packaging, an Illinois-based packaging company. This acquisition reflects a commitment to leveraging Algus’ packaging solutions and further expanding its market presence. Mereo and Hyperion are enthusiastic about building on Algus’ reputation for quality and exploring growth opportunities in the packaging sector.

Market Segmentation and Major Trends

Comprehensive Market Segmentation
The blister packaging machinery consumption market is segmented based on technology (thermoforming, cold forming), type (carded, clamshell), material (plastic, paper, aluminum), and application (pharmaceutical industry, food industry, cosmetics and personal care, consumer electronics). This comprehensive segmentation underscores the diverse applications and requirements within the market.

Anticipated Trends in the Forecast Period
Major trends anticipated in the forecast period include the integration of Industry 4.0 technologies, the adoption of modular and flexible packaging lines, smart packaging solutions, the use of sustainable and recyclable materials, the implementation of high-speed and high-throughput machinery, and advancements in feeding and handling systems. These trends signify the industry’s evolution towards efficiency, sustainability, and adaptability.

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The Blister Packaging Machinery Consumption Global Market Report 2024  provides a comprehensive outlook of the blister packaging machinery consumption market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The blister packaging machinery consumption market forecast offers a thorough analysis on blister packaging machinery consumption market size, blister packaging machinery consumption market share, prominent players and their strategies.

The Table Of Content For The Blister Packaging Machinery Consumption Market Include:
1. Blister Packaging Machinery Consumption Market Executive Summary
2. Blister Packaging Machinery Consumption Market Segments
3. Blister Packaging Machinery Consumption Market Size And Blister Packaging Machinery Consumption Market Growth Rate
4. Key Blister Packaging Machinery Consumption Market Trends
5. Major Blister Packaging Machinery Consumption Market Drivers
……
25. Key Mergers And Acquisitions In The Blister Packaging Machinery Consumption Market
26. Top Blister Packaging Machinery Consumption Companies
27. Blister Packaging Machinery Consumption Market Opportunities And Strategies
28. Blister Packaging Machinery Consumption Market, Conclusions And Recommendations
29. Appendix

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