Blister Packaging Equipment Market Trends

Growth Drivers

• Growing Manufacturing Activities of Packed Pharmaceutical Goods - Based on the report provided by National Health Expenditure (NHE), the average spending on prescription drugs was stated to grow by 4.4% in 2018 around the world. Medicines are mostly sold out in blister packaging since it is the most required method for them to preserve all the health properties. Blister packaging is a process of heating a particular sheet to form a bubble or blister so that it can cover the entire body of the product. In pharmaceuticals, blister packaging is also referred to as unit dose packaging.

• Rising Inclination Toward Packed Food - As of 2021, the gross sales volume of packaged food was projected to reach about 35 thousand metric tons. Blister packaging is heavily used to pack food since it is durable and keeps the freshness of food for an extended time. It also reduces the additional cost of cartons which further decreases the packaging cost.
• Increasing Utilization in Baby Food Packaging - For instance, in 2022, the baby food segment in food industry across the globe was anticipated to generate total revenue of around USD 280 billion. There are countless options are available in the market when it comes to baby food such as, poultry, pureed meat, iron-fortified cereals, beans, and many more.
• Snack Packaging to Boost the Demand for Blister Packaging- In 2022, the revenue generated by the global snack food segment was projected to be about USD 500 billion. Furthermore, in the United States nearly 60% of the people states that they consume cookies every day while have snacks every day. Additionally, more than 2 billion pounds of potato chips are consumed by Americans every year, summing up to nearly 6 pounds per person.
• Spike in the Utilization of Blister Packaging Equipment in Production Line – for instance, a super-fast packaging line, Integra 520 and Integra 720 was launched by Marchesini Group S.p.A. in 2019 to meet the demand for blister packaging.

Challenges

• Escalating Concern for Material Waste of Blister Packaging - For instance, the waste pharmaceutical blister packages (WPBs) generate solid waste comprising aluminum and plastic. Owing to presence of WPBs, the recycling of aluminum becomes very difficult. Furthermore, the plastic layers of blister packaging also make the recycling procedure of blister packaging significantly complex. Hence, this factor is also expected to hamper the market growth over the forecast period.
• Presence of Alternatives in the Market
• Disrupted Supply-Chain on Account of COVID-19