Blister Packaging Market 2023 | Worth US$ 33.9 Billion by 2028 | Growth Rate (CAGR) of 5.65% | IMARC Group

The latest report by IMARC Group, titled "Blister Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global blister packaging market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global blister packaging market size reached US$ 24.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028.

Blister packaging is pre-formed plastic packaging for small consumer goods, foods, and pharmaceuticals. The primary component of blister packaging is a cavity made from a formable web. It helps protect products against external factors, such as humidity, for extended periods. Blister packaging is mainly used for packing samples of drug products or over-the-counter (OTC) products in the pharmacy. Due to its low cost, cheap raw materials, and high operating speed, it is also used for packaging consumer goods such as foods, electronics, toys, and tools.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The global market is majorly driven by the increasing demand for blister packaging by various end-user industries, consumer goods, healthcare, food, and beverage. In line with this, the growing demand for attractive and convenient packaging solutions is significantly contributing to the market growth. Furthermore, the rising usage of robotic blister packaging machinery and the growth and expansion of the packaging industry is positively influencing the market. Apart from this, the escalating focus of the manufacturers on providing innovative packaging solutions is catalyzing the market.

Moreover, the increasing popularity of multi-functional blister packaging machinery is propelling the market. Besides, blister packaging has strong demand across the healthcare sector around the globe due to its usage benefits in terms of functionality in pharmaceuticals. Additionally, the continuous research and development in the packaging foils are offering lucrative opportunities for market expansion. Other factors, including the widespread demand for tamper-free packaging, the rising sales of OTC drugs, and stringent regulatory requirements, are providing a boost to the market.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/blister-packaging-market

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Amcor Limited
• Bemis Company, Inc.
• The DOW Chemical Company
• Westrock Company
• Sonoco Products Company
• Constantia Flexibles GmbH
• E.I.Du Pont De Nemours and Company
• Honeywell International Inc.
• Tekni-Plex, Inc.
• Display Pack, Inc.
• Pharma Packaging Solutions

Breakup by Product Type:

• Carded
• Clamshell

Breakup by Raw Material:

• Polyvinyl Chloride (PVC)
• Aclar
• Polyvinylidene Chloride (PVDC)
• Cyclic Olefin Copolymer (COC)
• Polypropylene (PP)

Breakup by Technology:

• Thermoforming
• Cold Forming

Breakup by End-Use:

• Healthcare
• Consumer Goods
• Industrial Goods
• Food

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.