Newly released data from pharma blister packaging machines market analysis shows that global demand of the overall market is forecasted to expand at a value compound annual growth rate (CAGR) of ~7% from 2021-2031 and reach thousands of units by 2031.
In terms of growth, the pharma blister packaging machines market is projected to witness a prominent sales growth rate by 2031, owing to the increasing demand for oral drugs in pharmaceutical and healthcare sector across the globe.
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Pharma Blister Packaging Machines Market: An Outlook
Pharma blister packaging machines are used to pack unit-dose packaging for capsules, gels, tablets, syringes, vials and throat lozenges. These machines typically use a 3-step process for packaging, which includes forming, sealing, and perforating & cutting respectively. Forming uses thermoforming or cold-forming to make the product-specific packaging. Sealing is lidding and closing the product packaging using heat sealing or cold sealing, and the last step perforating & cutting uses precision die cutter to shape the packaging.
Blister packaging is tamper-proof and is relatively less expensive than foil packaging and plastic packaging used in the pharmaceutical sector. Also, single-unit consumption and hygiene of the products are the main factors that are responsible for the growth of the pharma blister packaging machines market during the forecast period.
What are the Key Trends Impacting the Pharma Blister Packaging Machines Market?
High performance and productivity equipment designed with plug-in expansions, better flexibility and application over numerous materials are taking the market by storm. These features not only help manufacturers create better products but also help them with mass customized blister packaging.
The pharma blister packaging machines market is expected to develop at a high pace due to ongoing innovations and technological improvements.
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How will Automation reshape the Pharma Blister Packaging Machines Market?
Robotic integration and total customization are a few of the features that are expected to shape the market for pharma blister packaging machines. Transfer lines, machine learning and artificial intelligence are expected to carry out disruptive changes in the market. The introduction of new technologies and scientific breakthroughs play an important role in reshaping the pharma blister packaging machines market.
Advance motion control, modular software design and touch-sensitive built-in hardware are few factors that are reshaping the market for pharma blister packaging machines.
Other than these factors, digital counter inputs, embedded USB programming and HMI connectivity in machines are few other aspects that are rapidly influencing machine design and capabilities.
What are the Market Opportunities for Pharma Blister Packaging Machines Market?
COVID-19 has already changed the way machine manufacturers work in the market. The rising personalization and customization in pharmaceutical blister packaging are expected to shape the pharma blister packaging machines market.
Advancements in process development, bulk manufacturing, quality control and inventory planning are few other factors that are expected to bring revolution in the product market. Increasing demand for oral drugs and medications that can be produced on a larger scale is anticipated to create subsequent market opportunities for the pharma blister packaging machines market.
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What are the Key Restrains in Pharma Blister Packaging Machines Market?
Every technological machine and equipment become obsolete with time. Companies incur additional costs due to the inevitable need for replacing their pharma blister packaging machines with the latest technologies. This leads to the shrinking of ROI and affects profit margins.
It could be avoided only by pre-planning and readiness to accept the changes in technology over time with rapid technological advancement, especially in the pharma blister packaging machines.
Constant technological changes have also led to an increase in company expenses on an individual’s training. Additionally, the company’s time and efforts are also spent on ensuring that its employees learn how to operate advanced models of pharma blister packaging machines. These factors might hinder the demand for new pharma blister packaging machines in the market.
Competitive Landscape
Key players operating in the pharma blister packaging machines market are Heino Ilsemann GmbH,
What Strategies are Key Players Adopting to improve their Market Share?
Key players are investing in technological upgradation and usage of better machines to enhance their production capacity in the market. New players are entering the market due to enormous growth opportunities due to pandemic that has led to an increasing demand in healthcare an pharmaceutical sector.
In February 2021, Pharmaworks LLC, one of the U.S. based pharmaceutical blister packaging machine manufacturer has designed the TF1pro blister machine which is equipped with the latest cGMP features and is an all station independent machine.
Why is Germany Considered to be a Core for Pharma Blister Packaging Machines Market?
Germany is an automation-centric and highly progressing nation in Europe. Machine & Equipment (M&E) industry is one of the most lucrative and second-largest industries in the country. Technological development and high exports are the factors for the sector growth in the country.
According to the insights provided by Germany Trade & Invest, US$ 6.9 bn has been spent on research and development of machines and equipment in the country during the period 2015 to 2017. Machine & Equipment (M&E) industry stands in the first position based on the degree of innovation in Germany.
Germany provides advanced technology development and excellent improvement to current state-of-art facilities in pharma blister packaging machines and is expected to remain a key player in the market.
What is the Impact of COVID-19 on the Target Market?
Pandemic situations have disrupted the flow of workforce and logistic supply due to lockdown situations in many countries. Import-export was negatively affected in 2020 due to gaps in the transport chain across the globe. However, a strong market boost is expected in 2021-2022 to counter the value loss of 2020.
COVID-19 has profoundly impacted the pharmaceutical market with variations in consumer consumption patterns, lockdown restrictions and altered laws in the sector. However, unlike most markets, pharma blister packaging machines observed a rise in demand for machines since the pandemic compelled many new players to enter the blister packaging and pharmaceutical & healthcare sector.
Key Segments of Pharma Blister Packaging Machines Market Covered in the Report
