According to Future Market Insights research, during the projected period, the global tablet packing machine market is set to enjoy a market valuation of USD 1,643.0 million in 2022, and register a CAGR of 3.9% to reach USD 2,324.1 million by 2032.
The tablet packing machine market revenues are estimated to propel with the top 5 companies projected to hold 15 to 20% of the global tablet packing machine market by the end of 2022.
The strip tablet packing machine market segment is projected to hold the major portion of the global tablet packing machine market due to its benefits such as high-quality sealing capacity, and features like temperature controller, which attains high-quality sealing.
Attributes | Details |
---|---|
Market Size 2022 | USD 1,643.0 million |
Market Size 2032 | USD 2,324.1 million |
Value CAGR (2022 to 2032) | 3.9% |
Collective Value Share: Top 3 Countries (2022E) | 30 to 35% |
The tablet packing machine market is projected to witness a growth outlook during the forecastable period. A new forecast by FMI anticipates that the tablet packing machine market will rise from 2022 to 2032 and is anticipated to offer a growth opportunity of USD 712 million.
The increasing demand for medicine will be projected to augment the sales of the tablet packing machine market. The tablet packing machine market is expected to grow 1.5 the current market value from 2022 to 32.
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The global tablet packing machine market expanded at a CAGR of 1.9% during the historic period and reached USD 1,611.8 billion in 2021 from USD 1,429.7 million in 2017.
The tablet packing machine market moving forward towards sustainability and using safe and ecological packaging is creating potential growth chances for producers. Manufacturers are seeing rapid growth in strip packaging for tablets as it is suitable for several medicines.
Growing awareness regarding health drives people conscious about their health and taking medicine as a supplement, including tablets in everyday life drives demand for packaging machines as automotive machines are capable to pack tablets in a hassle-free way.
Packaging tablets in a way that they dont lose their actual composition during transit and it seemed to be more assembled and safe, packaging techniques adding more hygienic values, starting from filling, sealing, combining, labeling, and overwrapping every step is taken care by packaging machines. Compared to the last decade the upcoming market will choose machinery over humans and this will drive demand for packaging machines in near future.
Technology plays a vital role in every industry, in pharmaceuticals, especially in tablet packing contactless packaging is one key that makes the medicine more effective as it does not lose the content due to contactless packaging.
Using innovative technology in machines results in cutting down the cost of packaging as well as provides a fast and safe way of packing tablets and also it controls adverse external effects, to maintain the heat machines are coated with interlocked printed circuit boards so the blowers are automatic on when it is overheated. Additionally, digital temperature control is provided in every machine, and modifiable conveyor speed tablet feed are offered in tablet packing machines which enhances the working of machinery.
Technology makes work easier and if we look into the safety side of technology in machinery for the packaging of medicines it ensures the quality of tablets, this is the most crucial task and requisite of pharma packaging. Moreover, the materials have to be wisely selected so that the product curing capability is not reduced by external factors. Thus, the advancement of technology in tablet packaging machinery will boost the tablet packing machine market at the global level.
According to Health and Safety Executive, manual de-blistering packaging create many problems, during the de-blistering task, the wrists were in continuous use which makes the worker fatigue in very less time abnormally working wrist and bent positions are very difficult to perform a de-blistering task when using the manual aid.
To overcome these limitations blister and de-blistering machines are used, user-friendly machines are easy installation, it is and easy tools, their easy mechanical operations make the work faster, and no skilled operator is required to perform the task.
It is a highly efficient and labor-saving technique, efficiently with effectiveness makes the blister de-blistering machine generate unexpected demand in the tablet packing machine market.
The machinery used for manufacturing and packing the oral medicines with high-quality checks, ensuring safe transit packaging and avoiding the harm which can be done by the manual process of blistering and de-blistering the tablets. Thus, blister de-blistering machines are the most sold machine type accounting for 33.1% of total sales in 2022.
A major share of the tablet packing machine market is held by the pharmaceutical industry, though it is widely used in the food as well as the cosmetics and personal care industry, there are certain limitations for humans, doing chemical packaging manually can damage the product or one organ.
Different packaging styles are adopted in packaging tablets by machinery such as stip packaging, blister packaging, and filling sealing machines, according to the National Library of Medicine coating a tablet with different materials is an important task, and using new techniques for covering, an actual assessment of coating quality is essential for automated production.
The application of computational modeling and process can be done with machines, process analytical technology is used for coating as a perfect measurement in the drug is a crucial part of and packaging of the tablet.
Moreover, by using packaging machines the drug holds a curing capacity that can easily be done with help of machinery. Thus, by end-use, the total sales of tablet packaging machines across the pharmaceutical industry are expected to reach USD 657 million in 2022.
India prompts an important role as an emerging market for the packaging industry. Indian economy is growing at a decent growth rate and also has become the 5th largest economy in the world by GDP. This proposes the Indian manufacturing market is progressing and the economy is developing and is also having a surplus labor flow, resultant to this the manufacturing process is also becoming faster including the pharmaceutical industry.
According to The Ministry of Commerce and Industry, the Indian pharmaceutical industry includes a network of 3,000 pharmaceutical companies having 10,500 manufacturing plants across India. The above-mentioned factors make India one of the fastest-growing markets offering profitable growth opportunities of USD 121 million till 2032.
Germany is the major exporter of medicine around the globe. According to Germany Trade Invest, Germany is one of the most developed healthcare markets in the world and a strategic gateway to the EU single market for international companies. Geographically Germany is the leading player in the production of pharmaceuticals and investment across the healthcare industry, with a favorable environment and world-class infrastructure conditions promoting the pharmaceutical industry to grow in Germany.
The biggest exporter of pharma drives the demand for machine packaging as machinery is used to manufacture as well as to export the products all over the globe, having the combination of the best technologies used in machinery and pharma makes Germany lead in the packaging machine market. Thus, the sales of tablet packaging machine across Germany is anticipated to grow at 4.0% between 2022 and 2032.
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The major players in the global tablet packing machine market are trying to focus on expanding their production capacity by investing in their existing facilities to cater to the growing demand for the tablet packing machine market. Also, the key players are focusing on developing sustainable and innovative products to meet the demand for sustainable packaging. Some of the recent developments by the players are:
Attribute | Details |
---|---|
Growth Rate | CAGR of 3.9% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion, Volume in Units, and CAG from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Automation, Semi-Automatic, Manual |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
Key Companies Profiled | Robert Bosch GmbH; Marchesini Group S.p.A; Romaco Pharmatechnik GmbH; Krber Medipak Systems AG; Shiv Shakti Packaging Industries; ACG Worldwide Private Limited; Uhlmann Pac-Systeme GmbH Co. KG; Multivac Inc; OPTIMA packaging group GmbH; Jornen Machinery Co.Ltd.; Mauser Packaging Solutions; Strbel GmbH; Omnicell, Inc.; RBP Bauer GmbH; Sepha Limited |
Customization Pricing | Available upon Request |
The global tablet packing machine market was valued at USD 1,611.8 million in 2021.
From 2017 to 2021, the global tablet packing machine market expanded at a CAGR of 1.9%.
The global tablet packing machine market is projected to reach USD 1,643.0 Million by the end of 2022.
The pharmaceutical segment is projected to remain the major segment of the global tablet packing machine market.
Plastic material is estimated to remain the leading segment of the global tablet packing machine market. By material type, the plastic segment is projected to expand by 1.7 times till 2032.
The high demand for pharmaceuticals after the pandemic, and awareness regarding health, among people, is anticipated to boost the demand for tablet-packing machine market across the globe.
The major players operating in the global rigid packaging container, are Robert Bosch GmbH, Marchesini Group S.p.A, Romaco Pharmatechnik GmbH, Körber Medipak Systems AG, Shiv Shakti Packaging Industries, ACG Worldwide Private Limited, Uhlmann Pac-Systeme GmbH & Co. KG, Multivac Inc, OPTIMA packaging group GmbH and Jornen Machinery Co., Ltd.
The Indian tablet packing machine market is anticipated to register a CAGR of 4.5% from 2022 to 2032.
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