The global alu alu blister packaging machine Market is expected to register a market value of US$ 24.27 billion in 2023 and is projected to accumulate a valuation of US$ 42 billion by exhibiting a CAGR of 5.6% in the forecast period 2023 to 2033. The Alu Alu Blister Packaging Machine Market registered a CAGR of 4.5% in the historical period 2018 to 2022.
The surging demand for prepared and packaged food products like meat & seafood, coupled with growing penetration of the organized and e-retail networks across the globe, is anticipated to drive the market growth of alu alu blister packaging machines during the forecast period. In the blister packaging process, the packaging sheet is heated until it softens, and then, it is molded into the desired shape with the help of molds.
Generally, vacuum, heat, and pressure are used on these sheets to produce the final products. This procedure requires the use of blister packaging machines which will drive product demand in the coming years as well.
The pharmaceutical industry in the United States is experiencing a shift toward blister packaging from conventional containers and bottles for the packaging of oral solid doses. This shift is majorly attributed to the high protection offered by blisters against oxygen and moisture for individual solid doses. Thus, low cost and convenient transportation of blisters are also attracting pharmaceutical players to use the product which has wide use of alu alu blister packaging machines to fulfill their purpose, hence fuelling the product sales.
Also, blister packaging consumes low cost, is lightweight, and provides high visual appeal; therefore, they are widely used by packed food manufacturers. Furthermore, the growing popularity of Modified Atmosphere Packaging (MAP) for food products, wherein a controlled gaseous mixture is followed within blister pack containers to improve the shelf life of the food products, is also expected to boost the demand for blister packaging equipment in the forthcoming period.
Increasing demand for single-serve packaging due to rising trend of on-the-go food consumption is further expected to be a significant factor for the market expansion. Apart from this, high aesthetic pleasing appeal features offered by clamshells in blister packaging and boosting the demand for rotary clamshell sealers in the retail segment. Clamshell sealers are primarily used in the food & beverage, and electronics industries which will boost their demand in the coming years as well.
On the other hand, flourishing growth in the pharmaceutical industry, growing prevalence of chronic diseases, and ever-rising elderly population is driving the demand for medicine packaging solutions like blister packaging which is directly driving demand for blister packaging machines.
Electronics is another end-user industry wherein blisters and clamshells are used for packaging numerous electronics products including, batteries, headphones, mobile accessories, and others. Also, growing penetration of e-commerce has been substantially contributing to the growth of electronics industry, which, in turn, is anticipated to positively benefit the alu alu blister packaging machine market.
Geographically, North America is expected to dominate the market by accounting for a maximum share of 42% by end of the forecast period. The growth is attributed to factors like the presence of key players, surge in adoption of technologies, and escalating demand from the food industries.
The market in Asia Pacific is expected to grow with a CAGR of 5.4% during the forecast period. Factors such as increasing number of nuclear families, which fuels the demand for single-serve packaging, rising geriatric population, and rising penetration of organized retail in India and China, are the key factors propelling growth in the regional market.
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 Billion 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.
USA 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 USA. 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 USA 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 USA 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?
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.
These insights are based on a report Alu Alu Blister Packaging Machine by Future Market Insights.
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