The global sales oral dosage powder packaging machines market are estimated to be worth USD 501.7 Million in 2021 and are anticipated to reach a value of USD 687.4 Million by 2031. Sales are projected to rise at a CAGR of 3.2% over the forecast period between 2021 and 2031. The revenue generated by oral dosage powder packaging machines in 2020 was USD 483.3 Million.
Increasing demand for effective, precise, and high-speed packaging solutions and the expanding pharmaceutical industry drive sales of oral dosage powder packaging machines. Oral dosage powders, such as nutraceuticals, OTC medicines, and prescription pharmaceuticals, have to be packed accurately and without contamination to preserve product integrity, efficacy, and shelf life.
The main driver for packaging machines includes increasing the production of oral dosage powders globally, especially in the fast-growing nutraceuticals and generic drug markets. Strong demand for solutions that can efficiently handle high volumes with precision in hygiene pushes the demand for advanced machinery.
Global Oral Dosage Powder Packaging Machines Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 483.3 million |
| Estimated Size, 2021 | USD 501.7 million |
| Projected Size, 2031 | USD 687.4 million |
| Value-based CAGR (2021 to 2031) | 3.2% |
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Packaging has been considered the essential part of the product give rise to innovative and new packaging solutions. The packaging machinery plays a vital role to make the product attractive and providing it with a cover. The oral dosage powder packaging machines are used to pack the pouches, bags, or other packaging formats used to pack the oral dosage powder.
The oral dosage powder packaging machines are been used by various end-use industries such as food, beverages, pharmaceuticals, and others. The end-use industries desire to offer their oral dosage powder products to the consumer in a short period which requires the machinery to pack the product. This fuels the demand for oral dosage powder packaging machines.
The oral dosage powder packaging machines makes it easy to pack the oral dosage powder in any packaging format along with specific production speed which increases the attractiveness of machines among the end-use industries. Overall, along with the various benefit offered by the machines, the increasing usage of powder by end-user is anticipated to propel the demand for oral dosage powder packaging machines during the forecast period.
The food & beverage and pharmaceutical industries drive the demand for oral dosage powder packaging machines. The oral dosage powder packaging machines help the end-use industry manufacturer to customize their packaging solutions as per their requirement which increases the popularity of oral dosage powder packaging machines among the end-use industries.
Also, the increasing food items which are made available in powder format boost the demand for oral dosage powder packaging machines.
The rising need for technological advancement to stay ahead of the competitor propel the demand for oral dosage powder packaging machines among the end-use industries. Overall, the future outlook for oral dosage powder packaging machines is anticipated to rise on the back of various benefits offered by the machine such as customizable, production speed, aesthetic packaging look, and others.
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The introduction of new variants in food items gives rise to the need for proper packaging solutions. This need for packaging solutions creates growth opportunities for the packaging machinery market. The addition in the product portfolio propels the demand for oral dosage powder packaging machines in order to increase and expand the production capacity.
Overall, the launch of a new variant in powder food items creates growth opportunities for the oral dosage powder packaging machines.
The instalment cost and maintenance cost for the oral dosage powder packaging machines may hinder the market growth. The cost factor may be the obstacle for the small or medium scale industries which may affect the oral dosage powder packaging machines market.
The technical failure can hamper the productivity of the end-use industries which limits the market growth for oral dosage powder packaging machines.
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The global key players for oral dosage powder packaging machines are
The manufacturers of oral dosage powder packaging machines are trying to expand their production capacity in order to cater for the demand. Also, the key players are focusing on strengthening their capacity through acquisition.
The expanding food & beverage industry in the United States will create growth opportunities for the oral dosage powder packaging machines market. Also, the adoption of advanced technology by the end-use industries in the United States propel the demand for advanced machinery which pushes the sales of oral dosage powder packaging machines in the United States.
The rising trade activities in India and China especially in the pharmaceutical and food & beverage industry generate the demand for proper packaging solutions.
This gives rise to the demand for oral dosage powder packaging machines in India and China. Also, the low labour and production cost in China attracts the major manufacturers to expand their facilities which fuel the demand for oral dosage powder packaging machines to set up the new facility in China.
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Oral Dosage Powder Packaging Machines Market
