Blister Packaging Market to register an appreciable growth rate through 2025 | Key players are Bemis, Amcor, Owens-Illinois, Sonoco, West rock, The Dow chemical company
Blister packaging market supply chain initiates from suppliers of raw material. After raw material procurement, companies manufacture the product through thermoforming and cold forming processes. It is then packed in different design and is transported to various location for usage. End users of the products are medicines, small consumable goods and cosmetics.
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Blister Packaging Market size will witness a substantial growth in the forecast time frame. It is preformed plastic that is used to pack small consumer goods, food and medicines. The product usually has a back-up of paperboard, or a lidding cover of aluminum foil or plastic. It is used to protect packaged product against external factors such as humidity, contamination and light sensitive products from UV rays. It is widely used to wrap products including tablets, electronic, toy and toothbrush.
Blister packaging will witness huge demand, owing to the upsurge in manufacturing activities and growth in convenient packed goods. Manufacturing industry is increasing by over 15% of global GDP and over 13% of employment which is positively influencing the blister packaging market. It is used in wrapping consumer goods, medicines and food products. It provides ease in product handling along with protecting the goods from climatic conditions and contamination. The transportation of goods become easier with the use of this kind of packaging.
Reasons to Buy This Report:
1. Blister Packaging Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Blister Packaging Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Key players in blister packaging market are Bemis, Amcor, Owens-Illinois, Sonoco, West rock, The Dow chemical company, Tekni Plex, Honeywell International, Constantia and Klockner Pentaplast Group. Companies are developing on their packing to attract consumers and grow in blister packaging market.
Amcor announced acquisition of Deluxe Packages, the newly formed flexible Americas Business group. Aim of the acquisition was a prospect to accelerate profitable growth. With the acquisition, Amcor’s consumer value proportion in the specialty food wrapping segment will strengthen with a combined east and west coast footprint. The acquisition will even enhance growth in priority sectors and generate strong revenues.
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