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Cold Form Blister Packaging Market Size | USD 8.38 Bn by 2034

12-23-2024 07:31 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Towards Packaging

Cold Form Blister Packaging Market Size | USD 8.38 Bn by 2034

The global cold form blister packaging market is poised for significant growth, with its size reaching USD 4.38 billion in 2024 and projected to hit USD 8.38 billion by 2034, expanding at a CAGR of 6.75%. Key factors such as increased demand in pharmaceuticals, advancements in materials, and sustainable packaging solutions are driving the market.

Download Statistical Data: https://www.towardspackaging.com/download-statistics/5410

Key Insights

Asia Pacific dominated the market in 2023.

North America is expected to grow at the fastest rate during the forecast period.

Aluminium remained the leading material segment in 2023.

The healthcare segment emerged as the dominant end-user category.

Market Drivers and Trends

Protective Packaging Demand

Cold form blister packaging provides:

Barrier Properties: Resistance to oxygen, moisture, light, and contamination.

Strength: Durable and puncture-resistant, ensuring product integrity.

Market Trends

Sustainability Initiatives: Increasing use of recyclable and biodegradable materials.

Smart Packaging: Adoption of RFID tags and QR codes for authentication and tracking.

AI Integration: Automation, quality improvement, and process optimization through AI.

E-commerce Expansion

E-commerce growth has amplified demand for secure, durable, and tamper-proof packaging, making cold form blister solutions ideal for shipping sensitive products.

Restraints and Opportunities

Restraints

High Material Costs: Aluminium and specialized laminates drive up expenses.

Limited Design Flexibility: Compared to thermoforming, cold forming offers fewer customization options.

Environmental Concerns: Focus on reducing material wastage and eco-friendly production.

Opportunities

Regulatory Focus: Tamper-evident, moisture-proof packaging is increasingly mandated.

Healthcare Growth: Rising pharmaceutical demand for biologics and specialty drugs requires advanced packaging solutions.

Electronics Expansion: Demand for moisture-resistant packaging for semiconductors and delicate components.

Regional Insights

Asia Pacific (APAC)

Dominates with a 70% market share in 2023, supported by a growing pharmaceutical sector and the development of generics and biologics.

Increasing export compliance and adoption of eco-friendly packaging bolster market growth.

North America

E-commerce and stringent pharmaceutical regulations are driving adoption.

Focus on anti-counterfeiting measures and sustainable packaging solutions contributes to market expansion.

Europe, Latin America, and MEA

Europe is driven by healthcare advancements and sustainability goals.

Latin America and MEA see growing demand due to expanding healthcare access and infrastructure.

Competitive Landscape

Key Players

Amcor plc

Constantia Flexibles

Sonoco Products Company

WINPAK LTD.

SteriPackGroup

Klöckner Pentaplast

ACG

Bilcare Limited

Tekni-Plex, Inc.

Essentra plc

Ningbo Dragon Packaging Technology Co., Ltd.

Shanghai Haishun New Pharmaceutical Packaging Ltd.

Strategic Focus

Mergers, acquisitions, and technological innovations are central strategies.

Sustainability initiatives, such as recyclable aluminium laminates, are gaining traction.

Review the Full TOC for the Cold Form Blister Packaging Market Report: https://www.towardspackaging.com/table-of-content/cold-form-blister-packaging-market-sizing

Segment Highlights

By Material

Aluminium: Dominated the market in 2023 due to its superior barrier properties.

PVC (Polyvinyl Chloride): Expected to grow at the fastest rate, driven by cost-effectiveness and visibility advantages.

By End User

Healthcare: Leading segment owing to the rising need for protective and tamper-evident packaging for pharmaceuticals.

Electronics: Fastest-growing segment as cold form packaging ensures component integrity during transport and storage.

Future Outlook

The cold form blister packaging market is set to witness robust growth, fueled by:

Increasing focus on sustainable and recyclable materials.

Rising healthcare and electronics demand.

Technological advancements, including AI integration for enhanced production.

The industry's alignment with regulatory standards and evolving consumer preferences ensures a steady trajectory toward innovation and sustainability.

Buy Premium Global Insight: https://www.towardspackaging.com/price/5410

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About Us
Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.

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Source: https://www.towardspackaging.com/insights/cold-form-blister-packaging-market-sizing

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