Press release
Blister Packaging Market Size to Grow at a CAGR of 4.75% in the Forecast Period of 2023-2028
Blister Packaging Market
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.75%
The rising trend of short-cycle medication, greater patient adherence, rising off-patenting of medications, and unit-dosing regulations are the major driving factors in the global blister packaging market. These factors are anticipated to increase blister packaging demand across the pharmaceutical packaging sector. The market is primarily being stimulated by increasing regulations for pharmaceutical packaging.
Further, the market for blister packaging is being supported by the increased use of cutting-edge goods and materials in developed nations. The expansion of healthcare benefits and the selling of over-the-counter (OTC) medications are helping to grow the blister packaging market in emerging regions.
Due to consumers' rising preference for thermoforming films over cold-form foils (CFF), their demand is expected to expand significantly throughout the projected period. The market for materials used for lidding, such as film, paper, and aluminium sheets, is expected to grow in the next years as plastic and paper films are chosen over aluminium lidding materials because of its child-resistant and easy-open qualities.
Additionally, blister packaging is becoming more and more popular due to its increased convenience and safety, which is expected to fuel the blister packaging market throughout the forecast period.
Blister Packaging Industry Definition and Major Segments
Blister packaging is a type of packaging used to sell and display small items like food, medications, electronic products, and toys. The container is made out of a transparent dome made of plastic or a comparable object that is covered in plastic or aluminium foil.
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Based on component, the market can be segmented into:
• Films
• Lidding Material
• Secondary Containers
• Packaging Accessories
By type, the market has been divided into:
• Compartment Packs
• Slide Packs
• Wallet Packs
On the basis of region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Blister Packaging Market Trends
The blister packaging market is benefiting from the increase in demand for pharmaceutical packaging. The market is further expanding due to emerging trends like senior-friendly features, RFID-enabled medication compliance, pressure-sensitive push-through blisters (AOF), and CR packaging with the anti-lock mechanism.
Films hold a sizable market share since high-barrier materials are becoming more and more popular. Compartment packs, on the other hand, hold a sizable market share by type, owing to the growing demand for the packaging of medications and small consumer products.
Paper blisters are becoming more popular as an alternative to traditional thermoformed blister packaging as the focus on sustainability increases. Paper blisters have a number of benefits, including affordability, recyclable nature, and shelf stability, which are boosting their popularity. As these blisters may be customised to suit the needs of the specific application and offer product visibility, demand for them in packaging applications in a variety of industries, from personal care to batteries, is anticipated to increase.
Due to its excellent adhesion and safety, blister packaging has been increasingly popular in North America. The market is being driven by the growing trend in the pharmaceutical business to use thermoformed blisters to draw customers in by providing transparency and barrier qualities.
Key Market Players
The major players in the blister packaging market report are:
Mitsubishi Chemical Corporation
Constantia Flexibles International GmbH
UFlex Limited
Amcor plc
Winpak Ltd.
CCL Industries Corporation
UACJ Foil Corporation
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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