The global tablet packaging machine market is anticipated to attain a market valuation of US$ 1,643.0 Mn in 2022 and register a CAGR of 3.9% to reach US$ 2,324.1 Mn by 2032, according to Future Market Insights research. By the end of 2022, the top 5 firms are expected to control between 15% and 20% of the global tablet packaging machine market, according to estimates of market revenues.
Due to features like a temperature controller and benefits like a high-quality sealing capacity, the strip tablet packing machine market segment is anticipated to account for a significant percentage of the worldwide tablet packaging machine market.
The tablet packing machine market is projected to witness a growth outlook during the forecastable period. A new forecast by FMI anticipates that the tablet packing machine market will rise during 2022-2032 and is anticipated to offer a growth opportunity of US$ 712 Mn.
The increasing demand for medicine will be projected to augment the sales of the tablet packing machine market. The tablet packing machine market is expected to grow 1.5 the current market value during 2022-32.
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Key Companies Profiled
- Robert Bosch GmbH
- Marchesini Group S.p.A
- Romaco Pharmatechnik GmbH
- Körber Medipak Systems AG
- Shiv Shakti Packaging Industries
- ACG Worldwide Private Limited
- Uhlmann Pac-Systeme GmbH & Co. KG
- Multivac Inc
- OPTIMA packaging group GmbH
- Jornen Machinery Co.Ltd.
- Mauser Packaging Solutions
Historic Market Outlook for Tablet Packing Machine Market
The global tablet packing machine market expanded at a CAGR of 1.9% during the historic period and reached US$ 1,611.8 Bn in 2021 from US$ 1,429.7 Mn in 2017.
The tablet packing machine market moving forward towards sustainability and using safe and ecological packaging is creating potential growth chances for producers. Manufacturers are seeing rapid growth in strip packaging for tablets as it is suitable for several medicines. Growing awareness regarding health drives people conscious about their health and taking medicine as a supplement, including tablets in everyday life drives demand for packaging machines as automotive machines are capable to pack tablets in a hassle-free way.
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How Enhancement in Technology will give a boost to the Tablet Packing Machine Market Growth?
Technology plays a vital role in every industry, in pharmaceuticals, especially in tablet packing contactless packaging is one key that makes the medicine more effective as it does not lose the content due to contactless packaging.
Using innovative technology in machines results in cutting down the cost of packaging as well as provides a fast and safe way of packing tablets and also it controls adverse external effects, to maintain the heat machines are coated with the interlocked electrical circuit so the blowers are automatic on when it is overheated. Additionally, digital temperature control is provided in every machine, and modifiable conveyor speed & tablet feed are offered in tablet packing machines which enhances the working of machinery.
Technology makes work easier and if we look into the safety side of technology in machinery for the packaging of medicines it ensures the quality of tablets, this is the most crucial task and requisite of pharma packaging. Moreover, the materials have to be wisely selected so that the product’s curing capability is not reduced by external factors. Thus, the advancement of technology in tablet packaging machinery will boost the tablet packing machine market at the global level.
Tablet Packing Machine Market by Category
By Automation, Tablet Packing Machine Market is Segmented as:
- Automatic
- Semi-automatic
- Manual
By Machine Type, Tablet Packing Machine Market is Segmented as:
- Blister & De-blistering Machine
- Filling & Dosing Machine
- Sealing Machine
- Cartoning Machine
- Bundling Machine
By End Use, Tablet Packing Machine Market is Segmented as:
- Pharmaceutical
- Food
- Cosmetics & Personal Care
By Region, Tablet Packing Machine Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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