LOS ANGELES, March 11, 2019 (GLOBE NEWSWIRE) -- The blister packaging equipment market is predicted to grow at a moderate pace due to lucrative opportunity in the pharmaceutical sector. Some other factors for this growth are rising adoption of blister equipment in the production lines, the increasing requirement for intelligent modernization of producing facilities to improve production efficiency and a high degree of automation in the packaging lines.
The recently released report by QY Research, “Global Blister Packaging Equipment Market Insights, Forecast to 2025,” predicts the new opportunities in the market as well as key market insights pertaining to several key segments of the industry. According to the report, the global blister packaging market was valued at US$ 1240 Mn in the year 2017 and is expected to grow by US$ 1900 Mn by 2025, registering a moderate CAGR of 5.5% during the anticipated period.
Global Blister Packaging Equipment Market: Trends
One of the major trends that boost the growth of the market is the rising penetration of smart packaging in the pharmaceutical sector, as it provides ease to consumers. The barrier properties and tamper resistance will also enhance the adoption of smart packaging, which will propel the growth of the market in the coming years. Growing demand for several goods is prompting manufacturers to exercise better operation of the management strategies. Factors such as reduction in the packaging and labor cost and adoption of robotic automation in packaging and processing units of production facilities are augmenting the growth of the blister packaging equipment market during the predicted period.
Global Blister Packaging Equipment Market: Restraints
Some of the factors that are limiting the growth of the market are- strong competition from the parental flexible solutions and blister packaging is generally not preferred for heavy products. Apart from this, other factors such as the conventional material that has been used for the manufacturing of pharmaceuticals may cause serious health issues to people. This may create a negative impact on the growth of the blister packaging equipment market during the anticipated period.
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Global Blister Packaging Equipment Market: Segmental Analysis
On the basis of product type, the global market for blister packaging equipment is segmented into Semi-solid Packaging and Solid Packaging. The solid packaging segment is expected to dominate the blister packaging equipment market over the forecasted period. The application segment is further sub-segment into Consumer Electronics, Pharmaceutical Industry, Cosmetics and Personal Care, and Food Industry (Dairy and Confectionary). Pharmaceutical Industry segment is likely to dominate the market in the years to come.
Global Blister Packaging Equipment Market: Geographical Outlook
Based on regions, Asia Pacific is likely to grow at a higher rate during the projected period. This is due to the increasing presence of vast customer base mostly in developing economies such as India and China. Besides this, an increasing disposable income is likely to fuel the growth of the global blister packaging equipment market.
Global Blister Packaging Equipment Market: Leading Companies
CAM Packaging Solutions, Uhlmann Pac-Systeme GmbH & Co. KG, Romaco Pharmatechnik GmbH, Bosch Packaging Technology, Gebo Cermex, Sonoco Products Company, Fabrima Maquinas Automatics Ltd, Marchesini Group S.p.A., Körber AG, and IMA Industria Macchine Automatiche S.p.A. are some of the key players that are operating in the global market for blister packaging equipment.
Bosch Group’s 2018 sales reach a historic high of EUR 77.9 billion
The Bosch Group sales and its output in 2018 rise up to a new historic high. As per the primary results, the service provider and technology generated a sales volume of EUR 77.9 billion in the last year. A volume of sales have been seriously affected by the exchange rate of fluctuations to EUR 2.1 billion. In 2018, the company sold a total of 52 million internet-connected products by more than 37% in the year 2017. EBIT (Earnings before Interest and Taxes) reached nearly EUR 5.3 billion. It is expected to earn an Earnings before Interest and Tax margin at 6.9%
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