Enter your contact details & our Business Development
expert will circle back to address your request!
Blister Packaging Market: Description
Blister packaging is the terminology used for different varieties of plastic packaging that are pre-formed for use in foods, pharmaceuticals, and consumer goods. Such packaging solutions can be used for protection of products against different external aspects such as contamination, humidity and so on. Blister packaging is useful for protecting products from light and UV rays. All the uses of such packaging have ensured that the market for blister packaging has lot of potential for growth.
Blister Packaging Market: Overview
The blister packaging market is expected to reach USD 41.1 billion by the year 2030 from $ 24.1 billion in the year 2020. It is expected to grow at a CAGR of 7.2 % during the forecasted period.
There is significant demand witnessed by the blister packaging market due to the growing pharmaceutical industry. The pharma sector is ramping up its production and output. Certain features for the blister packaging industry such as protection of products and their safety along with their cost-effectiveness are resulting in providing sales footprints for the market. Further, the industry is adopting sustainable solutions for packaging which is leading to further growth.
Get Insights of Blister Packaging Market Research Report @ https://www.crediblemarkets.com/sample-request/blister-packaging-market-380253
Blister Packaging Market: Key Trends
Pharmaceutical Markets propelling growth of Blister packaging
There are various products in the pharma industry that necessitate moisture resistant packaging, as such products are sensitive to extreme conditions. This is especially witnessed in the Asia-Pacific region. Blister packaging helps protect these products from moisture.
Continuous research is ongoing in the blister packaging industry along with collaborating with some pharma manufacturing companies. These aspects have helped the blister packaging industry to enhance packaging elements. These developments are useful for industry players to get their business in place based on requirements and ensure growth.
Moreover, the Covid-19 pandemic has resulted in pharma companies demanding better packaging solutions, thus increasing the growth prospects for blister packaging market. Products such as syringes and multivitamin tablets need moisture free packaging solutions and this increases the demand for blister packaging.
Consumer Goods market to aid growth of blister packaging
Consumer Goods to witness need for Blister packaging due to growth in its market. The consumer goods industry is expected to grow at a health CAGR of 7% during the forecasted years. Products such as toys and electronic goods along with other such things require blister packaging. With consumer goods market growing, packaging needs will simultaneously increase. Electronic manufacturing major countries such as Korea, China and Japan will see significant growth for the blister packaging market. Further, Asia-Pacific as a whole will also drive the industry.
Blister Packaging Market: Segmentation Analysis
Blister packaging market based on Product type:
There are two types of product in this segment:
In the current times, the Carded category of blister packaging is most popular type. This type is largely utilized in packaging needs for food products, consumer goods, medicines and so on. Additionally, the cost-effectiveness of such type of packaging makes it an attractive option. Moreover, the Carded type can be made into various shapes, thus making it attractive for packaging needs.
Blister Packaging market by Technology:
The market for blister packaging based on technology is further classified into two:
The thermoforming packaging technology is the current market leader. Increased demand in the need for packaging in food products has ensured that the thermoforming type has risen in value. Further, low cost involved in equipment and tools also makes it the major market share holder.
Blister Packaging Market: End-user Segment Analysis
The market for blister packaging is growing and the most important end-user segment is pharmaceuticals and healthcare. With the effects of the pandemic, the need for safe and cost-effective packaging solutions is a necessity for the pharma sector. This has risen the demand for blister packaging which keeps away moisture and UV rays from affecting the pharma products.
Other sectors such as Consumer Goods and the Food industry too form a part of the end-user segmentation for blister packaging market.
Blister Packaging Market: Regional Segmentation Analysis
Emerging economies that include Brazil, Russia, India, China (BRIC countries) along with Indonesia, Egypt, Colombia Vietnam, South Africa, and Turkey are set to garner most of the growth in the blister packaging market in coming years. Favourable demographics, changes in lifestyles, increasing incomes of people and such other factors are reasons for growth in these countries for blister packaging. Further, APAC, North America, Europe and the Middle East too have a positive outlook towards blister packaging.
Blister Packaging Market: Competitive Landscape
Blister packaging industry is quite fragmented. Mergers and acquisitions, along with partnerships have ensured that strategies keep changing for vendors. The strategies become critical for product development that can be accepted by end-user segment. Materials required for packaging undergo strict quality tests to ensure that contamination cases do not arise for impacting health of consumers.
January 2020 saw the partnership between Moda and Amcor for offering innovative solutions for packaging. Both have the capability of offering different innovations and solutions for flexible packaging. Both provide new resources for helping in gaining and thereby strengthening their position in the industry with regards to flexible packaging.
Again in January 2020, the AptarGroup which is a leader among the material science and packaging solutions sector, established an integrated Active Blister Packaging perfect solution that combined oxygen scavenging and moisture absorption capabilities. This will help in providing integrated solutions of the highest level for the industry of pharmaceutical products.
Blister Packaging Market Forecast Years: 2020-2030
Blister Packaging Market Historical Years: 2018-2020
Blister Packaging Market 2020: USD 24.1 billion
Blister Packaging Projected Market 2030: USD 41.1 billion
Blister Packaging Market CAGR: 7.2%
Key Segments: Technology, Material, Type, End-User Sector, and Region
Key Regions & Countries: APAC, Europe, North America, the Middle East & Africa, and South America
Key Players: Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US), and others.
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.
The collection of market intelligence reports is regularly updated to offer visitors ready access to the most recent market insights. We provide round-the-clock support to help you repurpose search parameters and thereby avail a complete range of reserved reports. After all, it is all about helping you reach an informed strategic decision about purchasing the right report that caters to all your market research demands.
Reports in the repository of Credible Markets leverage predictive analytical models to study the performance of critical market segments. We believe in the fact that demands of businesses depend on an array of parameters and thus adhere to delivering industry-specific research solutions. Our client base traversing from thriving start-ups to some of the Fortune 500 companies speaks for our expertise in providing deep-dive insights on any desired industry sectors.
99 Wall Street #2124 New York, NY 10005
Please fill form below: