The global carton serialization machine industry is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 3.7% from 2022 to 2032. According to a recent study by Future Market Insights (FMI), the market, valued at USD 2.9 billion by the end of 2022, is expected to expand to USD 4.17 billion by 2032. This growth is being driven by the increasing demand for serialization technology in the pharmaceutical sector to combat drug counterfeiting and enhance traceability throughout the supply chain.
Serialization has emerged as one of the most significant information technology (IT) challenges in the pharmaceutical industry. With evolving regulatory, market, and technical requirements globally, carton serialization remains a complex and multifaceted issue for industry players. Governments around the world have adopted serialization as a powerful tool in the fight against counterfeit drugs, a growing concern that directly impacts public health. By enabling traceability from manufacturer to end consumer, serialization ensures the integrity and authenticity of pharmaceutical products.
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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.
- Carton Folding And Gluing Machine Market Trend Analysis: The latest study by FMI on the Carton Folding And Gluing Machine industry 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 industry. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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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
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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