Alu Alu Blister Packaging Machine Market
Market Insights on Alu Alu Blister Packaging Machine covering sales outlook, demand forecast & up-to-date key trends
Alu Alu Blister Packaging Machine Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Alu Alu Blister Packaging Machine Market Overview
According to latest research by FMI, alu alu blister packaging machine sales is set to witness substantial growth during 2021-2031 with 5.7%CAGR. Demand for the blister machine will witness sizeable recovery in short-term, with optimistic growth outlook in the long-run.
Upsurge in demand from pharmaceutical industry will mean extensive opportunities in near future, however, sales of alu alu blister packaging machine in food & dairy sector will provide long-run momentum.
What is Driving Demand for Alu Alu Blister Packaging Machine?
Consumers choices for pharmaceutical products have gradually shifted from traditional packaging to blister packaging, that is, unit-dose packaging. Blister packaging is used for medicines and medical equipment in the healthcare industry. They are also widely used in consumer goods, electrical and electronics and food & beverages industries.
In addition, blister packaging requires less packaging resources, takes up less retail shelf space, and provides excellent hook display. Therefore, compared with other packaging forms (such as rigid bottles), the cost of blister packaging is lower and therefore cost-effective.
In the past few years sale of alu alu blister packaging machine shown a drastic up rise in demand owing to the evolving end-user requirement for flexible packaging solutions. Owing to the COVID-19, medicines requirements in hospitals and healthcare facilities has shown a drastic rise and it will continue till the pandemic is over.
Demand for Packaged Food Likely to Augment Alu Alu Blister Packaging Machine Sales
Packaging industry generate a huge amount of revenue from food packaging. In terms of value global food packaging industry is expected to reach over US$ 410 Bn by 2031. Alu-alu blister packaging is expected to contribute over 25% of the total value share of the global food packaging industry.
Upsurge in the utilization and requirement of alu alu blister packaging in the food & beverage industry is the reason for the blister packaging machines sales growth. The sale of blister packaging machine has gone down due to the COVID-19 pandemic, especially the first two-quarters of 2020 experience a major fall in demand.
The food packaging industry somehow manages to keep up the market during the pandemic. The fourth quarter of 2020 witnessed a hike in demand for blister food packaging machine majorly from the food industry.
US and Canada Alu Alu Blister Packaging Machine Market Outlook
Considering blister packaging in pharmaceutical industry, the US held the largest market share at global level valued over USD 2.2 billion in 2020. COVID-19 increased the consumption of medical supplies in the US. Being most effected country during 2020 pandemic, the country has witnessed for the high demand for blister packaging machines.
Additionally, compared to other high-income countries, the US spends the most per capita on prescription drugs across the globe. Canada also not too far in terms of per capita spending, the country’s per capita spending stood around US$ 879 in 2019.
The busy life style of people in US and Canada always have preferred packaged food for timely diet and the COVID-19 pandemic has created more boost to their preferences as the mindset of the people residing over both the countries has more concerned towards health and hygiene.
Blister packaging in food and beverages sector established a connection between the growing requirement of packaged hygienic food and busy lifestyle of people across US and Canada thereby increasing the demand for blister machine.
Asia Pacific Demand Outlook for Alu Alu Blister Packaging Machine
Asia Pacific is one of the most prominent region for blister packaging machinery. The region will offer several growth opportunities to the manufacturers owing to the growing disposable income and change in consumer buying behaviors for end products.
Increasing sales of pharmaceutical products along with the rising demand for packaged food and consumer goods is witnessing the growth of blister packaging machinery business across Asia. Asia Pacific witnessing for over 40% of the alu alu blister packing machine sold across the globe.
China, Japan and India are the key business areas across Asia. China as an individual accounts for over 27% of the Asia Pacific’s revenue share. Followed by China, Japan is considered as the prominent market in terms of pharmaceutical packaging in Asia. The country has the highest pharmaceutical spending per capita across Asia and fifth across the globe accounted over US$ 803 in 2019.
Although the demand graph has changed from the third quarter of 2020, owing to the COVID-19 pandemic China became the highest consumer in terms of pharmaceutical products and supplies. Which relates the growing demand for blister machine in China from 2020 third quarter till now.
FMI analyzed that the sale of alu alu blister machine has increased over 15% during the pandemic period in Asia and it is expected to continue over the forecast period.
Who are the Key Manufacturers and Suppliers of Alu Alu Blister Packaging Machine?
Some of the leading manufacturers and suppliers of blister packaging machine include
- Jornen Machinery Co., Ltd.
- Uhlmann Pac-Systeme GmbH
- Hualian Pharmaceutical Machinery
- Jinan Feichi Machinery Equipment Co., Ltd.
- IMA Industria Macchine Automatiche S.p.A.
- Zed Industries Inc.
- Romaco Pharmatechnik GmbH
- Fabrima Maquinas Automaticas Ltda
- ULMA Packaging
- Marchesini Group S.p.A
Globally blister packaging machine business is considered moderately fragmented and the leading players account for more than 35% of the overall sales share. Majority of the leading manufacturers and suppliers have focused on expansion, investment, acquisitions, delivery focus, portfolio expansion, and brand development to meet the emerging as well as deficit demand.
And also focusing on longstanding contract with consumer from pharmaceutical industry, Food & beverages industry and consumer goods industry. Attractive and innovative packaging requirement of end user knocking the manufacturers doors to pave the way towards technological development for better yield.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
By Product Type:
- Cantilever Type
- Liquid automatic filling blister
- Flat blister
- Rotary Clamshell Sealers
- Shuttle Blister Sealer
- Leak Detection Blister Sealer
By Sealing Type:
- Platen sealing
- Rotary sealing
By Packaging Type:
- Air and moisture-proof
- folding carton
- shrinkage bundling
- Laboratory use
- Small batch production
- Mass production
- Food & beverages
- Personal & Home Care
- Electrical and Electronics
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Oceania
- New Zealand
- Rest of SAO
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA