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Blister Packaging Market is Estimated to Witness High Growth Owing to Growing Pharmaceutical Industry

05-29-2024 09:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Blister Packaging Market

Blister Packaging Market

Market Overview:

Blister packaging provides effective protection and tamper evidence for pharmaceutical and healthcare products. It is used to package tablets, capsules, solvents, and other solid oral dose forms.

Market Dynamics:

The blister packaging market is witnessing high growth owing to growing pharmaceutical industry across the globe. The demand for blister packaging solutions is increasing in the pharmaceutical industry as it provides effective protection and tamper evidence for drugs and medicines. Additionally, increasing demand for convenient packaging from the consumers is another factor fueling the market growth. Blister packaging allows easy handling of products and provide visibility of content, thus gaining popularity in food and consumer goods sector.

Increased Demand for Rigid and Tamper-Proof Packaging from the Pharmaceutical Industry

The pharmaceutical industry has always been one of the major end-users of blister packaging. Blister packs protect drugs and medicines from moisture, oxygen and other contaminants. They also allow customers to see the products clearly and prevent accidental consumption. With growing awareness about counterfeit drugs, pharmaceutical companies are increasingly relying on rigid and tamper-proof packaging solutions like blister packs to assure patients of product quality and safety. This is fueling growth in the blister packaging market.

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Key Players Covered In This Report:

Amcor PLC, Blisters Inc., Honeywell International Inc., Blisterpak Inc., VisiPak, Sonoco Products Company, Powerpak Industries L.L.C., Clearwater Packaging Inc., Constantia Flexibles GmbH, Westrock Company, Algus Packaging Inc., Abhinav Enterprises, Uno Plast, Nithiya Enterprises, Thermopack, VisiPak, Sudham Packaging Industries, Entek Corporation, Grotal, and Nirmala Industries

Market Segmentation:

By Product Type:

Clamshells
Trapped Blisters
Face Seal Blisters
Blister Cards

By Technology:

Thermoforming
Cold Forming
By Material Type:
Plastic
Paper & Paperboard
Aluminum

By Application:

Consumer Goods
Pharmaceuticals
Electronics & Semiconductors
Others

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Growth in Consumption of Convenience and Ready-to-Eat Foods

On-the-go lifestyles and changing food preferences have boosted demand for convenience and ready-to-eat food products. Blister packs are ideal for packaging small food items like snacks, confectionaries and breakfast cereals due to their child-resistant and tamper-evident properties. They help extend the shelf life of foods and protect them from external contamination. Leading food brands are actively adopting innovative blister packaging formats and designs to attract more customers. This growing demand from the food industry is positively impacting the overall blister packaging market.

Stringent Regulations Regarding Raw Material Procurement and Production Process

Blister packs are manufactured using various plastic raw materials like PVC, PVDC, PE, PET and aluminum foil. Regulatory standards related to the usage of plastic are becoming stricter due to environmental concerns. Manufacturers need to comply with regulations surrounding raw material selection, film thickness gradation, manufacturing process efficiency, usage of recycled plastics, etc. Failure to adhere to these norms can lead to monetary penalties and temporary production stoppages. The pressure to consistently meet evolving regulatory compliance adds to production costs for manufacturers and acts as a key restrain for market growth.

Major Market Opportunity of the Blister Packaging Market

The expansion of e-commerce and digitization of the retail sector provides lucrative opportunities for blister packaging manufacturers. More consumers are purchasing goods like consumer electronics, cosmetics, daily-use chemical products, OTC medications through online retail channels. Blister packs effectively protect products during storage and shipping. They also enhance the visibility of small products to online buyers. Leading manufacturers are thus actively promoting the application of customized blister packs suited for the transportation and storage requirements of online retailers. This growing demand from the e-commerce industry could open new revenue streams and markets for manufacturers in coming years.

Increasing Adoption of Environment-Friendly Packaging Materials

With sustainability becoming a major priority across industries, packaging converters are focusing on developing blister packs from eco-friendly materials. Bioplastics like PLA are gaining popularity as a recyclable, plant-based substitution for petroleum-based plastics like PVC and PET in blister production. Manufacturers are also utilizing recycled plastic content, optimizing material usage through downgauging and ditching additional overwraps or backing materials to reduce waste generation. Some players offer monomaterials like recyclable PET or PP to improve the overall recyclability of finished packs. The implementation of a circular economy-based approach is expected to be a key trend influencing long-term growth and profitability in the blister packaging industry.

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Key Benefits For Stakeholders

The report provides an in-depth analysis of the global bromine derivatives market trends along with the current and future market forecast.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the bromine derivatives industry for strategy building.
A comprehensive global bromine derivatives market analysis covers factors that drive and restrain the market growth.
The qualitative data in this report aims on market dynamics, trends, and developments.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Blister packaging market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
✉ Email: sales@coherentmarketinsights.com
📞United States of America: +1-206-701-6702
📞United Kingdom: +44-020-8133-4027
📞Japan: +050-5539-1737
📞India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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