REPORT HIGHLIGHT
Tablet Packaging & Processing Market size was valued at USD 5,985.1 Million in 2022, expanding at a CAGR of 9.1% from 2023 to 2030
Tablets, a popular unit solid dosage form in the pharmaceutical industry, consist of active ingredients along with suitable excipients. They are widely used by manufacturers, physicians, and patients. The primary objective behind tablet design and manufacturing is to administer the correct amount of drug orally, in the right form, at the appropriate time and location, while safeguarding its chemical integrity at the site of action. The physical design, manufacturing process, and chemical composition of the tablet can significantly impact the drug's effectiveness.
Tablet Packaging & Processing Market - Market Dynamics:
- Implementation of rapid automation and introduction of high-speed and ultra-speed presses to propel market demand
- The market is propelled by several key factors, including the rapid growth of the aging population, expansion of the pharmaceutical market, a significant increase in chronic and infectious disease cases, and various technological advancements on a global scale. The implementation of rapid automation is replacing traditional labor-intensive approaches, leading to reduced manufacturing lead times and production costs.
- The introduction of high-speed and ultra-speed presses with innovative features like direct compression materials, die feeding, and pre-compression has revolutionized tablet and solid oral dosage formulation. Notably, computer-controlled tablet presses represent one of the recent advancements, where operators set up the press for the desired tablet weight and pressure, and the computer takes charge of the entire process.
Tablet Packaging & Processing Market - Key Insights:
- As per the analysis shared by our research analyst, the global Tablet Packaging & Processing market is estimated to grow annually at a CAGR of around 9.1% over the forecast period (2023-2030)
- The Tablet Packaging & Processing industry is projected to grow at a significant rate due to implementation of rapid automation and introduction of high-speed and ultra-speed presses
- Based on Tablet Processing Equipment type segmentation, Tablet Press was predicted to show maximum market share in the year 2022
- Based on Tablet Packaging Machines segmentation, blister packaging was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Tablet Packaging & Processing Market- Segmentation Analysis:
- The Global Tablet Packaging & Processing Market is segmented on the basis of Tablet Processing Equipment, Tablet Packaging Machines, and Region.
- The market is divided into eight categories based on Tablet Processing Equipment: Vibrio Sifters, Granulators, Dryers, Blenders, Tablet Press, Tablet Coating Machines, and Allied Machines. In 2022, the Tablet Press segment is expected to achieve the highest Compound Annual Growth Rate (CAGR). The Tablet Press is a critical machine used in the manufacturing of tablets. Its primary function is to compress the granulated powder blend into tablets of the desired size, shape, and hardness. Tablets are the most widely used dosage form in the pharmaceutical industry, and the tablet press plays a crucial role in their production. Tablet presses come in various types, such as single-punch tablet presses and rotary tablet presses. They are capable of producing tablets in large quantities, making them an essential and commonly used machine in tablet manufacturing facilities
- The market is divided into three categories based on Tablet Packaging Machines: Blister Packaging Machines, Strip Packaging Machines, Alu-Alu Blister machines. The blister packaging machine segment is projected to experience the highest CAGR during the forecast period. Blister packaging involves sealing the tablets within individual pockets or compartments made of plastic or aluminum foil. This type of packaging provides several advantages, such as protection from moisture, air, light, and physical damage, which helps to maintain the stability and integrity of the tablets. Blister packs also offer excellent tamper-evidence, making it easy for consumers to ensure the product's safety and authenticity. Additionally, blister packaging allows for easy dosage tracking, as each tablet is individually sealed and labeled. It also offers convenience for patients, as they can easily carry and take the required dosage without handling the entire package
Tablet Packaging & Processing Market- Competitive Landscape:
Companies in tablet processing and packaging industry adopt several key strategies to stay competitive and meet the demands of the market. Firstly, companies focus on continuous research and development to innovate and improve tablet manufacturing processes and packaging techniques. This allows them to enhance efficiency, reduce production costs, and meet quality standards. Secondly, automation and advanced technologies are widely embraced to streamline tablet processing and packaging operations. Automated systems enable faster production, reduce manual errors, and ensure consistent quality, contributing to increased productivity
Recent Developments:
In December 2022, Praxis Packaging Solutions makes a strategic investment in the TF2 Blister Pack Machine, aimed at accelerating product time-to-market.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL TABLET PACKAGING & PROCESSING MARKET KEY PLAYERS
- GEA GROUP
- LMT Group
- Charles Ross & Sons Company
- GAMLEN TABLETING LTD
- Robert Bosch GmBH
- GROUPE BRETECHE INDUSTRIE
- I.M.A Industria Macchine Automatiche S.P.A
- Kevin Process Technologies
- IDEX Corporation
GLOBAL TABLET PACKAGING & PROCESSING MARKET, BY TABLET PROCESSING EQUIPMENT
- Vibrio Sifters
- Granulators
- Dryers
- Blenders
- Tablet Press
- Tablet Coating Machines
- Allied Machines
GLOBAL TABLET PACKAGING & PROCESSING MARKET, BY TABLET PACKAGING MACHINES
- Blister Packaging Machines
- Strip Packaging Machines
- Alu-Alu Blister machines
GLOBAL TABLET PACKAGING & PROCESSING MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA