As
per the findings of an up-to-date intelligence study by Transparency
Market Research (TMR), the global blister packaging equipment market
is highly fragmented, with top ten companies reserving less than a
quarter of the overall shares in 2016. Some of the key companies
currently functional in the global blister packaging equipment market
are Marchesini Group S.p.A., Bosch Packaging Technology, IMA
Industria Macchine Automatiche S.p.A., Körber AG, Gebo Cermex,
Uhlmann Pac-Systeme GmbH & Co. KG, Sonoco Products Company,
Romaco Pharmatechnik GmbH, Fabrima Maquinas Automaticas Ltda, and CAM
Packaging Solutions. Among these, Uhlmann Pac-Systeme GmbH & Co.
KG and IMA Industria Macchine Automatiche S.p.A. are a little ahead
of the curve, yet only managed approximately 6% of the global shares
in 2016, individually.
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As
per the projections of the TMR report, the demand in the global
blisters packaging equipment market will exhibit a CAGR of 5.4%
during the forecast period of 2017 to 2025. The global valuation of
the blister packaging equipment market is estimated to reach
US$3,261.6 mn by 2025, significantly up from its evaluated worth of
US$2,035.9 Mn in 2016. The report detects that acquisition,
geographical expansion, new product launch, and collaboration are
some of the key strategies of the key vendors of blister packaging
equipment market. For instance, in July 2017, Marchesini Group S.p.A.
acquired 40% of Vibrotech S.r.l, which manufactures positioning and
infeed systems for automated industrial processes. On the flip side,
Bosch Packaging Technology established a new manufacturing plant in
Nanjing, China, in August 2017, after the company launched new cookie
packaging in the U.S. in July 2017.
Based
on product-type, solid packaging equipment accounted for 83% of the
demand-share in 2017, and is expected to sustain its position
throughout the forecast period, whereas on the basis of process type,
the global market for blister packaging equipment gains maximum
demand from automatic segment. Equipment-wise, rotary blister system
are most profitable, while technologically, thermoforming is
anticipated to sustain the strongest demand in the near future.
Geographically, Asia Pacific was the most lucrative region, closely
followed by Europe and North America.
Automation
the Need of the Hour
High
possibilities of automation in packaging line, the growing need for
modernization of manufacturing facilities in order to improve
production efficiency and reduce product changeover time, and
facilities reduction in labor and packaging cost are the major
factors augmenting the demand in the global
blister packaging equipment market. The TMR report observes
diverse packaging requirements in various industries, particularly
those pertaining to consumer goods. Machine buildings are integrating
automation to help end users increase throughput by minimizing the
degree of manual operation, increase operability of machines, and
easily facilitate on-the-fly changes. Burgeoning demand for various
goods is influencing manufacturers to exercise improved operation
management strategies. Overall equipment efficiency (OEE) is an
indispensable requirement of sustainable production efficiency and
can be achieved by adopting robotic automation in processing and
packaging units of manufacturing facilities.
Sophistication
of Pharmaceutical Products Challenging Prosperity
The
lack of centralized purchasing and intensifying competition,
particularly in the developed countries wherein a number of companies
are venturing, is hindering the proper prosperity of the global
blister packaging equipment market. Most manufacturers are dependent
on various vendors of blister feeds used in blister packaging.
Another obstruction to the market for blister packaging equipment
market is the reluctance of consumers to adopt the automated
processes. Many of them continue to depend on conventional mode of
pharmaceutical packaging as it renders ease of machine handling such
as bottles and containers.
Nevertheless,
increasing adoption of blister packaging lines to optimize
production, shift away from fit-to-one concept, and opportunity for
multiple product dispensing blister packaging are expected to open
new opportunities in the global blister packaging equipment market.
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