Blister Packaging Market Demand And Growth Analysis 2023

According to Precision Business Insights (PBI), latest report, the blister packaging market was valued at USD 13,484.4 million in 2022 and is expected to grow at a 11.4% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global blister packaging market include the increasing demand for convenient packaging in pharmaceutical and healthcare industry. In addition, growing demand for single dosage packaging in pharmaceutical sector is expected to fuel the blister packaging market.

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The blister packaging market is segmented based on product type, technology type, end user, material type, and geography.
Based on the product type, the market is segmented into the following:
• Carded
• Clamshell

Based on the technology type, the market is segmented into the following:
• Cold Forming
• Thermo Forming

Based on the material type, the market is segmented into the following:
• Plastic films
• Paper and Paperboard,
• Aluminum
• Others

Based on the end user, the market is segmented into the following:
• Consumer goods
• Pharmaceutical
• Industrial
• Veterinary & Nutraceuticals
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Pharmaceutical Segment is expected to Dominate the Blister Packaging Market
Based on the end-user, the global Blister Packaging market is segmented into consumer goods, pharmaceutical, industrial, veterinary & nutraceuticals, others. The pharmaceutical segment is expected to account for a larger revenue share in the global blister packaging market. The pharmaceutical products require packaging which can maintain the drug's integrity and protect it from various environmental factors such as moisture, air, and light. The increasing trend of personalized medicine requires each dosage in separate packaging. as this can be achieved using blister packaging, it is expected to drive the market growth in this segment.

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Asia Pacific Blister Packaging Market
The Asia Pacific blister packaging market is expected to increase over the forecast period due to the several growing pharmaceutical manufacturers present in this region. In addition, rapid expansion of various end use sectors such as food, healthcare, consumer goods, and others in countries like India, China, Japan, South Korea are anticipated to support the growth of blister packaging market in this region. Furthermore, factors like growing population, growing healthcare and pharmaceutical industry are expected to boost the growth of blister packaging market at a significant rate in this region over the forecast period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global blister packaging market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2020, Constantia Flexibles GmbH acquired TT Print to add pharmaceutical packaging production plant to the company's assets and strengthen its pharma division.

Key players profiles in the blister packaging market report are Klockner Pentaplast Group, Amcor PLC, Constantia Flexibles GmbH, Westrock Company, Honeywell International Inc., Sonoco Products Company, Blisterpak Inc, Algus Packaging Inc, Tekni-Plex, E.I. du Pont de Nemours and Company.

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