In recent years, the
packaging industry has witnessed significant growth in demand from
end-use industries ranging from electronics & consumer to
pharmaceuticals sectors. This billion dollar industry is expanding at
a healthy CAGR, and is being fueled by increasing global population
and demand for product safety. Blister packaging widely uses common
packaging methods such as thermoforming process to create small
cavities in plastic with a backing of aluminum foil, cardboard or
plastic, commonly used to pack a large variety of household,
electronics, and pharmaceuticals products. The raw materials used in
blister packaging are polyvinyl chloride (PVC), polychlorotrifluoro
ethylene (PCTFE), cyclic olefin copolymers, aluminum foil, and
others. The advantage of using blister packaging is that it is
affordable, durable, and tamper-proof in nature. These attributes
ensured adoption of blister packaging across various industry
segments. The equipment used in creating blister packaging works on
two principles: ‘thermoforming’ and ‘coldforming’.
Thermoforming is used to create blisters with uniform wall
distribution; whereas coldforming uses aluminum foil to form
blisters, which provides an almost total barrier from water and air.
Key driver for
Blister
Packaging
Equipment
Market
is its diverse applications ranging from industrial application such
as in pharmaceuticals and electronics products to household products.
Growth in the end use industry is directly associated with the
increased incremental opportunity for the blister packaging equipment
market. The global healthcare industry is estimated over US$ trillion
in terms of revenue, and this figure is expected to experience
accelerated growth over the forecast period. Also, increasing rate of
healthcare spending in emerging regions is expected to boost growth
of the overall blister packaging equipment market. Furthermore,
global electronics market is expected to witness healthy GAGR, which
in turn is expected to boost demand for blister packaging equipment.
Companies are increasingly focusing on attractiveness of packaging,
especially for consumer products and consumer electronics, and this
is further expected to drive market growth. However, growing
environmental concerns related to the usage of plastics is expected
to hamper overall market growth over the forecast period. Companies
can optimize growth potential by focusing on leveraging bio-plastics
as raw materials.
The blister
packaging equipment market is segmented on the basis of mode of
operation, product type, end user, and geography. Based on mode of
operation, the blister packaging equipment market is sub-segmented
into manual machine, semi-automatic machine, and automatic machine.
Furthermore, on the basis of product, the market is sub-segmented
into rotary type, flat type, and rotary plus flat type. On the basis
of technology, the blister packaging equipment market is
sub-segmented into coldforming and thermoforming. Based on end user,
the market is sub-segmented into pharmaceutical industry, consumer
product packaging industry, and electronics & semiconductors
industry.
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By geography, the
global blister equipment market is segmented into North America,
Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and
Latin America. North America is expected to remain the largest market
in the global blister packaging industry due to the presence of large
pharmaceutical companies and high healthcare expenditure in this
region. Asia Pacific is expected to follow APAC, owing to the
presence of many consumer products manufacturing companies in this
region, especially in China. Significant increase in healthcare
expenditure along with large patient pool in the region is expected
to offer momentum to overall growth of blister packaging equipment
market in APAC. Also, presence of electronic goods manufacturing
units in China is expected to further boost market growth in this
region. The market in Europe is also expected to witness robust
growth due to high pharmaceutical expenditure, followed by North
America and APAC. Markets in Latin America and MEA region are
expected to exhibit sluggish growth; however, increase in healthcare
per capita expenditure could drive the demand for blister packaging
equipment market in these regions over the forecast period.
Some of the Key
Market Participants
in the blister equipment market include KOCH Pac-Systeme GmbH,
Aylward Enterprises Llc, Zed Industries, Inc., Starview Packaging
Machinery, Inc. Clearwater Packaging, Inc., and Ecobliss
Blisterpackaging B.V.
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