The carton serialization technology has taken a wide drift in the past few decades. Serialization is regarded as one of the biggest information technologies (IT) challenges to impact the pharmaceutical sector. In a global landscape of the perpetually evolving regulatory, market, and technical requirements, carton serialization is, and will likely remain, a multifaceted topic for all industry actors.
Future Market Insight’s latest analysis states that several governments have developed an effective and efficient technique for contesting drug counterfeiting that directly influences public health. The principal goal of this method is the traceability of the drug throughout the supply process. The opening move to implement the method is pharma serialization. Hence, the demand for carton serialization machines is subject to increase at a significant pace.
As per this study by FMI, the carton serialization machine market is slated to register a value CAGR of 3.7% from 2022 to 2032. The market is anticipated to reach a valuation of US$ 2.9 Billion by 2022-end, and will further increase to US$ 4.17 Billion by 2032.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | US$ 2.9 Billion |
| Projected Market Value in 2032 | US$ 4.17 Billion |
| Growth Rate (2022 to 2032) | 3.7% CAGR |
Recently, many pioneering firms that installed serialization and trace systems have prepared laws and guidelines that make pharma serialization obligatory. DSCSA in the United States, EU-FMD in the European Union, and ITS in Turkey are the most distinguished examples.
Pharmaceutical manufacturers and other players in the industry face problems from time to time as they try to assure compliance with the requirements of these regulations.
For instance, In Sept 2021, Retinae, producer, and developer of artificial vision systems, in partnership with Weber Marking Systems built a new system for serialization and sigil application for pharmaceutical cases: the new CS150. The new automatic solution is based on the concept technology “Print, verify & serialize” to tackle the challenges of the pharmaceutical industry, ensuring integrity, authenticity, and safety.
Although these trace systems are joined by a fast follower crowd, an industry-wide commitment is still in the future. This ambiguity has compelled pharmaceutical manufacturers to move forward cautiously in their approach to serialization. They must take measures to prepare without locking themselves into technologies that may not back future requirements.
To that end, many have put in place the systems required to apply and capture serialization data in their packaging processes, but, have, in general, not addressed the impact of tracking these numbers across the supply chain. The companies are likely to make a hefty investment in the new packaging solutions to further enhance product identification for the healthcare industry.
For instance, SEA Vision and Marchesini Group are launching new solutions for printing, inspecting, and packing serialized blisters and performing aggregation with cartons, intending to boost efficiency and security during the production and distribution of pharmaceuticals.
Considering the latest trends and gradual investments in the packaging industry, the market growth for carton serializations machine is projected to witness a significant upswing over the forthcoming years.
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Carton serialization machine are used for labeling cartons with a proper serial number and the barcodes of the products present in the carton. There are various advantages of using carton serialization machines such as multiple country track and trace regulations. According to the height of the carton, it is equipped with a variable-speed control.
Carton serialization machine can print any type of data by using technologies such as inkjet, stereo, thermal, etc. There are various several features of carton serialization machine due to which every product that is present in the box gets a particular unique identity. This would be easier for the retailer and wholesaler to sell the goods at an appropriate price.
It can also inspect and reject visual defects like smudging color, missing & incorrect characters, and codes, etc.
Innovation such as integrated barcode and vision system is a key driver enhancing the global carton serialization machines market. Carton serialization has seen an increase in demand for the market because with the help of the serialization the products of a particular company can be distinguished very easily.
Barcode systems have an equal importance in the super market due to which the price of the product can be easily evaluated. Carton serialization machine majorly covers applications in pharmaceutical industries. Increasing trend for medicines and food items have risen the demand for carton which has resulted in increased sales of carton serialization machine.
In addition to, the major driver of carton serialization machine market includes growing demand for packaged food and beverages, pharmaceuticals industry which results in convenience in carrying and transportation of cartons. However, production cost for carton serialization machine are some of the factors which are restraining the market from its potential growth.
Furthermore, the market for carton serialization machine is hampered by stringent norms for installation from regional government across the globe.
Principal Consultant
The global carton serialization machines market can be divided into seven major regions which are as follows -
Europe and North America is considered as one of the largest markets for carton serialization machine due to the high selling of pharmaceutical products, industrial goods, etc. which need cartons for packaging. Europe and North America is considered as one of the major regions of markets for carton serialization machine followed by Asia-Pacific.
Asia Pacific region is expected to witness significant growth and is anticipated to have the highest CAGR for carton serialization machine market over the forecast period. Latin America and Middle-East & Africa region are expected to witness above average growth for carton serialization market over the forecast period.
A majority of Carton serialization machine is used in Europe and North America. However, China and India carton serialization machine manufacturers are looking to grab most of the opportunity offered in terms of revenue in this decade.
Few of the key players in carton serialization machine are Robert Bosch Gmbh, Marchesini group S.P.A, ACG Inspection, MGS Machine Serialization, Onelite Pharma, Softgroup limited, Omega design Corp, Atlantic Zeiser GmbH, Pineberry Manufacturing Inc., Optel Pharmaceutical, Christ Packing Systems GmbH & Co. KG etc.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global carton serialization machines market can be segmented by the machine type, product type, and end use type.
On the basis of machine type, the global carton serialization machines market is segmented into
On the basis of product type, the global carton serialization machines market is segmented into
On the basis of end user type, the global carton serialization machines market is segmented into
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Carton Serialization Machine Market
