Press release
Blister Packaging Market Soars: Expected to Reach USD 42.49 Billion by 2029
Blister Packaging Market Research Report
Blister Packaging Market Report Overview:
In a recent report released by market analysts, the blister packaging market is projected to witness staggering growth in the coming years, with figures soaring from USD 23.51 billion in 2022 to a whopping USD 42.49 billion by 2029. This surge reflects a substantial compound annual growth rate (CAGR) of 8.82% during the forecast period of 2023-2029.
Blister packaging has emerged as a pivotal player in both pharmaceutical and non-pharmaceutical sectors, owing to its tamper-proof properties and convenience for consumers. The transition from traditional bottles to unit-dose blister packs has been a significant driver, fueled by evolving consumer preferences and increased healthcare spending worldwide.
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Blister Packaging Market Scope and Research Methodology:
Data acquisition for this report involves a meticulous blend of primary and secondary sources. Primary data is collected through interviews with industry experts and stakeholders, while secondary data is sourced from governmental entities, trade associations, and industry-focused publications. Employing a bottom-up approach, the report estimates the size of the Blister Packaging market, starting from individual market segments and culminating in a comprehensive assessment. Detailed insights are provided on various aspects including capacity, manufacturing, pricing, costs, revenues, and market statistics, facilitating stakeholders' understanding of the financial performance of key players in the Blister Packaging industry.
Blister Packaging Market Regional Insights:
This research presents a detailed analysis of the size and dynamics of the Blister Packaging market across different regions, including North America (covering the United States, Canada, and Mexico), Europe (encompassing Germany, France, Spain, Italy, and other European nations), Asia-Pacific (including China, India, Japan, Australia, Korea, ASEAN countries, and other APAC nations), South America (encompassing Brazil, Argentina, and other South American nations), and Middle East and Africa (covering South Africa, Egypt, and other MEA nations).
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Blister Packaging Market Segmentation:
The report delineates various market segments within the Blister Packaging domain, providing insights into key players operating within each segment.
by Type
Carded
Clamshell
by Material Type
Plastic
Paper
Aluminum
by End User
Food
Consumer Goods
Pharmaceutical
Others
by Packaging Machine
Roller Type
Roller-Plate Type
Plate Type
by Technology
Thermoforming
Cold Forming
According to technology, the blister packaging market will be dominated by the thermoforming technology segment, which will have a market share of more than 3/4 throughout the forecast period. Important blister packaging manufacturers are drawn to thermoforming technology because to its reduced manufacturing costs and higher production speed than cold-forming technology. A wide range of industries use thermoforming technology because of its low manufacturing costs and ease of use. The majority of polymers that are used to create forming films are thermoformed, and thermoformed products are used in food packaging, industrial, and consumer applications. Many pharmaceutical businesses, like Aptar's Activ-Blister Packaging, have been able to safely and long-term protect their moisture-sensitive drugs thanks to advancements in innovative technology.
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Blister Packaging Market Key Players:
This section offers insights into the major entities influencing the Blister Packaging market landscape.
1. Bemis Company, Inc. (US)
2. Nosco Inc. (US)
3. The Dow Chemical Company (US)
4. WestRock Company (US)
5. Sonoco Products Company (US)
6. Rohrer Corporation (US)
7. CONSTANTIA (Austria)
8. Klöckner Pentaplast (Luxembourg)
9. DuPont (US)
10.Honeywell International Inc. (US)
11.Tekni-Plex. (US)
12.DISPLAY PACK (US)
13.Winpak Ltd (Canada)
14.Perlen Packaging (Switzerland)
15.SteriPack Group (Ireland)
Key Inquiries Addressed in the Market Analysis:
• Identification of Blister Packaging market segments
• Projected size of the Blister Packaging market by the end of the forecast period
• Expected Compound Annual Growth Rate (CAGR) of the Blister Packaging market during the forecast period
• Emerging trends within the Blister Packaging market
• Factors influencing the final pricing of Blister Packaging
• Principal challenges anticipated in the future of the Blister Packaging market
Key Offerings:
• Market Share, Size & Revenue Forecast for 2024-2030
• Analysis of Market Dynamics: Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Segmentation Analysis: Route of Administration, Application, Facility of Use, and Region
• Competitive Landscape: Top Key Vendors and Other Prominent Players
• PESTLE Analysis and Porter's Five Forces Analysis
• Key Findings
• Analyst Recommendations
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Maximize Market Research is a versatile market research and consulting firm with professionals from diverse industries. Our coverage spans various sectors including medical devices, pharmaceuticals, engineering, electronics, technology, automotive, chemicals, beverages, personal care, and automation. Our services include market-validated industry estimations, technical trend analyses, strategic counsel, competitive analyses, production and demand assessments, and client impact studies.
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