In the ever-evolving landscape of pharmaceuticals, ensuring product safety and authenticity remains paramount. With the rise of counterfeit drugs posing serious threats to public health, governments worldwide have been stepping up their efforts to combat this issue. As a result, carton serialization technology has emerged as a critical tool in the fight against drug counterfeiting, playing a pivotal role in ensuring the traceability of medications throughout the supply chain.
According to the latest analysis by Future Market Insight (FMI), the global carton serialization machine market is poised for substantial growth, with a projected value CAGR of 3.7% from 2022 to 2032. With an anticipated valuation of US$ 2.9 Billion by the end of 2022, the market is set to surge to a remarkable US$ 4.17 Billion by 2032, driven by escalating demand and evolving regulatory landscapes.
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Key findings from the FMI analysis include:
- Expected Market Value: The market is expected to reach a valuation of US$ 2.9 Billion by the end of 2022, with further growth anticipated to propel it to US$ 4.17 Billion by 2032.
- Regulatory Influences: Governments worldwide, including those of the United States, European Union, and Turkey, have implemented regulations mandating pharma serialization to enhance drug traceability and combat counterfeiting.
- Industry Response: Leading firms have responded to these regulations by investing in serialization and traceability systems, with innovations such as the Retinae and Weber Marking Systems’ CS150 system setting new standards for efficiency and safety.
- Technological Advancements: Companies like SEA Vision and Marchesini Group are launching cutting-edge solutions for printing, inspecting, and packing serialized blisters, further enhancing efficiency and security in pharmaceutical production and distribution.
Report Benefits & Key Questions Answered
- Carton Folding And Gluing Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Carton Folding And Gluing Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Carton Folding And Gluing Machine market for the forecast period 2022-2032.
- Carton Folding And Gluing Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Carton Folding And Gluing Machine for the assessment period. As per the study, the demand for Carton Folding And Gluing Machine will grow at a robust CAGR between 2022 and 2032.
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- Carton Folding And Gluing Machine Market Trend Analysis: The latest study by FMI on the Carton Folding And Gluing Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Carton Folding And Gluing Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Market Segmentation:
Based on machine type:
- Automatic
- Semi-Automatic
- Manual
Based on product type:
- Horizontal carton serialization machine
- Vertical carton serialization machine
Based on end-user type:
- Food & beverage
- Pharmaceutical
- Personal care & cosmetics
- Others
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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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