Blister Packaging Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Blister Packaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The blister packaging market size has grown strongly in recent years. It will grow from $22.53 billion in 2023 to $24.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in pharmaceutical industry, consumer demand for convenience, enhanced product protection, regulatory compliance, tamper resistance features, extended shelf life..

The blister packaging market size is expected to see strong growth in the next few years. It will grow to $32.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing aging population, shift toward sustainable packaging, e-commerce expansion, customized packaging solutions, prevention of medication errors, globalization of supply chains.. Major trends in the forecast period include smart blister packaging, cost-effective packaging solutions, integration of anti-counterfeiting features, flexible packaging formats, innovation in materials and printing technologies, increased focus on recyclability and circular economy..

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Key Market Players:

Major companies operating in the blister packaging market report are Amcor Limited, Bemis Company Inc., Constantia Flexibles GmbH, Display Pack Inc., E.I.Du Pont De Nemours and Company, Klockner Pentaplast India Pvt. Ltd., Sonoco Products Company, Tekni-Plex Inc., Westrock Company, Honeywell International Inc., Blisterpak Inc., VisiPak Private Limited, Algus Packaging Inc., Powerpak Industries LLC, Clearwater Packaging Inc., Blisters Inc., Pharma Packaging Solutions Ltd., Winpak Ltd., Uflex Ltd., ACG Pharmapack Pvt. Ltd., Renolit SE, Carcano Antonio SpA, Caprihans India Limited, Romaco Ltd., iPharmachine Corp., Ridat Ltd., Jornen Machinery Co. Ltd., Intimac World Ltd., Uhlmann Pac-Systeme GmbH & Co. KG, Visual Packaging Ltd., Alma Limited, Starview Packaging Machinery Inc., Zed Industries Inc., Ecobliss Holding BV, Rohrer Corporation, Prent Corporation, Dordan Manufacturing Company

Market Drivers:

The rising growth of the pharmaceutical industry is expected to propel the growth of the blister packaging market going forward. The pharmaceutical industry refers to the industry that discovers, develops, manufactures, and distributes medical drugs for patients' treatment. Pharma businesses increasingly rely on their packaging to safeguard and advertise various drugs and medical devices. A blister packaging design is used by pharmaceutical companies for the packaging of medicines. For instance, according to a report by the India Brand Equity Foundation, a government of India knowledge center, the Indian pharmaceutical sector is worth USD 42 billion worldwide as per June 2022 data. Also, in August 2021, the Indian pharmaceutical market increased by 17.7% annually, up from 13.7% in July 2020. Further, according to data from The State Council of the People's Republic of China, an administrative body of the Chinese government, China's pharmaceutical firms saw their combined business revenue increase by 18.7% year-on-year in 2021, which was the highest growth rate as of May 2022 data. Therefore, the rising growth of the pharmaceutical industry is driving the growth of the blister packaging market.

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The blister packaging market covered in this report is segmented -

1) By Product Type: Clamshell, Carded
2) By Technology Type: Cold Forming Technology, Thermoforming Technology
3) By Material Type: Plastic, Aluminum, Paper and Paperboard, Other Materials
4) By End-User: Food, Pharmaceuticals, Veterinary and Nutraceuticals, Medical Devices, Electronics and Electricals, Industrial Goods, Other End Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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