Blister Packaging Market Revenue, Insights, Overview, Outlook, Analysis

The global Blister Packaging market size is projected to reach USD 23570 Million by 2027, from USD 17490 Million in 2020, at a CAGR of 5.1% during 2021-2027. Growing demand from end-use industries such as healthcare, food, consumer goods, and industrial goods. Key drivers of the blister packaging market are the growing demand from end-use industries such as healthcare, food, consumer, industrial goods, and various advantages offered by blister packages. Moreover, the growing demand for medical products during covid 19 and rapid expansion of the pharmaceutical industry is expected to create lucrative opportunities for the growth of the blister packaging industry in the coming years. New R&D initiatives by both small and large scale pharmaceutical companies for the production of new oral drugs and the rise in new forms of blister packages by packaging companies for enhanced safety and security will drive the growth of the blister packaging market during the forecast period

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Trends Influencing the Global Blister Packaging Market

Increasing demand from end-user industries and various benefits offered

Blister packaging is extensively used in a variety of end-user industries such as healthcare, food, consumer, and industrial goods due to its cost-effective and less wasteful features. In addition to it, blister packages provide protection against external factors such as UV rays, microbial and humidity contamination, physical tampering and help restore the extended shelf life of products. Further consumers can actually view the product before buying because of its plastic front and are convenient, user-friendly while also helping in easy transportation. Moreover, this packaging ensures product safety, hygiene and enables brands to create their own identity through visually appealing and texturally pleasing covers. Thus growing demand from various industries and a host of benefits leading to widescale adoption will accelerate the growth of the blister packaging market during the forecast period.

Covid 19 impact and rapid expansion of pharmaceutical industry

Increasing demand for medical products due to covid 19 and emergency usage of certain drugs for tackling the pandemic has accelerated the demand for blister packaging. The rapid expansion of healthcare expenditure along with the growing pharmaceutical industry has led to the emergence of outsourcing of drug development to companies specializing in drug manufacturing and packaging services. Moreover, the need for packaged products, increasing geriatric population leading to more medical tablet consumption are all contributing to the growth of the blister packaging market during the forecast period.

R&D initiatives and growing product innovations

Both large and small-scale pharmaceutical companies are investing heavily into R&D initiatives to ramp up their production output, develop newer drugs, and upgrade their product development pipelines. And with the involvement of the private sector, the demand for blister packaging is rising considerably. Moreover, with the development of newer forms of packaging such as child-resistant, senior citizen-friendly, and temper protection the growth of the blister packaging market will rise significantly during the forecast period.

Blister Packaging Market Share Analysis

Based on material, the plastic films segment dominated the market in 2018 and is expected to provide lucrative opportunities for growth in the blister packaging market share during the forecast period due to excellent visibility of products, secure and attractive packaging.

Based on technology, the thermoforming segment dominated the market in 2017 and is expected to provide lucrative opportunities for growth in the blister packaging market share during the forecast period due to growing usage in end-use industries.

Based on application, the healthcare segment dominated the market in 2017 and is expected to provide lucrative opportunities for growth in the blister packaging market share during the forecast period as blister packages prevent product contamination and protect healthcare products from moisture, gas, light, and temperature leading to widespread application in the healthcare sector.

Blister Packaging Market Segmentation

Key Companies
• Amcor
• Dowdupont
• Westrock
• Sonoco Products
• Constantia Flexibles
• Klockner Pentaplast
• Honeywell
• Tekni-Plex
• CPH GROUP
• Pharma Packaging Solutions
• Shanghai Haishun

By Type
• Low Speed: up to 200 Blisters/min
• Medium Speed: 200-600 Blisters/min
• High Speed: above 600 Blisters/min

By Application
• Heathcare
• Consumer Goods
• Industrial Goods
• Food

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This release was published on openPR.