Blister Packaging Market

Blister Packaging Market Size (2023-2028)

The blister packaging market was valued at $ 20.1 billion in 2022 and is predicted to reach $ 35.02 billion in 2028, with a CAGR of 7.8%.

The blister packaging is a container derived from preformed plastic employed mainly for the manufacture of consumer goods, food, beverages, and pharmaceutical products. These types of packaging are primarily preferred due to their durable, clear, and tamper-evident properties. It also defends light-sensitive materials from UV rays and is portable in nature and can protect medications for long shelf life. Blister packaging is a much better type of packaging than conventional packaging that includes product integrity, production, tamper evidence, the compact outlook for accidental misuse, and patient compliance. Blister packages are widely divided into types of materials such as plastic, paper and cardboard, aluminum, and others. The product usually has a cardboard backing or a foil or plastic cover. It is employed to protect the packaged product from external factors such as humidity, contamination, and products sensitive to UV light. It is widely employed to package products such as tablets, electronic devices, toys, and toothbrushes.

Blister Packaging Market Trends:

The worldwide blister packaging market has seen a remarkable expansion in the last year and it has been analyzed that during the foreseen period, the market will continue to grow at a higher rate due to the huge call for ampoules in their multiple applications. According to the analysis, pharmaceuticals are the main market for blister packages. The other major determining factor that has driven the call could be seen as population expansion, emerging economies, and expansion in the pharmaceutical and food industries. All these factors make the global blister packaging market very attractive. Tight regulation could be the main threat to the business that can hamper trade, as well as the import and export process.

Blister Packaging Market Drivers:

There will be a strong call for blister packages due to increased manufacturing activity and expansion in conveniently packaged products. The manufacturing industry is growing by more than 15% of the world's GDP and by more than 13% of employment, which has a positive influence on the blister packaging market. It is employed to package consumer goods, medicines, and food products. It facilitates product handling while protecting products from weather conditions and contamination. The transport of goods becomes easier with the use of this type of packaging. The escalating prevalence of diseases, the expansion of the geriatric population, and the changing lifestyle of consumers are the drivers of the expansion of the worldwide blister packaging market. In addition, the growing call for convenient packaging for products such as toothbrushes, cosmetics, electronics, drugs, and others, and the growing call for attractive packaging for consumer goods, are also predicted to support the business expansion. The blister packaging market will grow due to drivers such as profitability and reduced packaging requirements. Furthermore, the escalating call for a tamper-proof packaging design for product protection will further drive a call in the blister packaging market. The escalating need for a level of product safety by manufacturers, consumers, and regulators makes blister packages a highly practical option. Factors such as product integrity and long shelf life are very necessary for the pharmaceutical industry, as most consumers store their medicines in a variable temperature atmosphere that can be harmful to unprotected medicines.

Blister Packaging Market Restraints:

High initial capital investments had an adverse impact on the profitability of the blister packaging market.

Opportunities in the Blister Packaging Market:

The growing consumer staples sector is driving the blister packaging market. Products such as toothbrushes, cosmetics, electronics, and drugs are widely consumed and this packaging makes it easy for consumers to handle and use. They are the main drivers of the blister market to grow at a decent rate. It has also helped retailers to facilitate the storage, labeling, and transport of goods from one place to another.

Challenges in the Blister Packaging Market:

The blister packaging market will face fierce competition from pre-fill syringes. Its popularity in the premeasured dosing attribute, which reduces the possibility of dosing errors, increases the call among patients. This, in turn, may slow down the expansion of the global blister packaging market in the near future.

BLISTER PACKAGING MARKET REPORT COVERAGE:

Blister Packaging Market Segmentation:

By Material:

• Paper &Paperboard

• Plastic

• Aluminum

By Type:

• Carded

• Clamshell

By Technology:

• Thermoforming

• Cold Forming

By End-Use Sector:

• Healthcare

• Consumer

• Industrial Goods

Blister Packaging Market Regional Analysis:

The Blister Packaging Market Report includes the segmentation of Regions:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

The Asia-Pacific Blister Packaging Market is predicted to experience the highest expansion during the foreseen period. This is attributed to the large customer base of consumer goods and durable consumer goods, due to the growing population in the countries of this region, which in turn, is expected to lead to the expansion of the market. North America, led by the United States, is the most recognized pharmaceutical center in the world. It contributes more than 40% to the worldwide pharmaceutical industry by hosting leading companies such as Johnson & Johnson, Pfizer, and Novartis in the medical industry worldwide. The product is widely employed to wrap medicine to protect it from contamination and moisture. With the rise of the pharmaceutical industry, the blister packaging market will simultaneously increase in the region.

MEA Blister Packaging Market will experience remarkable expansion in the foreseen period. The region is the fastest-growing beauty industry in the world with a predicted expansion of more than 6% over the next five years. This container is widely employed in the packaging of cosmetic products such as lip balms and eye makeup. The escalating use of cosmetics in these countries will accelerate the market for these packages. Europe is one of the main regions of the manufacturing industry. It has consumer goods companies such as Nestlé and HUL, which are the main manufacturers of food products.

Impact of COVID-19 on the Blister Packaging Market:

As the coronavirus pandemic has spread and its humanitarian impact has increased, industries that help meet basic needs, such as safely providing necessary food and supplies for consumers, are highly affected. Since food packaging is the largest business area in the packaging industry, the worldwide $ 900 billion annually industry is at the forefront. The coronavirus crisis has already caused some of the biggest declines in recent times in call for certain types of packaging, while accelerating the expansion of others, such as e-commerce shipping packaging emerging as rescue buoys in this new world. These changes present many packaging companies with a new set of challenges. We expect the impact of the coronavirus crisis on the packaging industry to be mixed, and this pattern has already occurred in countries such as China and South Korea, which have been the first to respond to the pandemic. Calls will increase dramatically for packaging for groceries, medical devices, and online transportation. At the same time, the call for industrial, luxury, and B2B transport packaging may decline.

Recent Developments in the Blister Packaging Market:

• Romaco launches the first recyclable strip packaging. Romaco push packs, made from recyclable polyolefin laminate, are the “first” recyclable unit package for solid pharmaceuticals.
• TerraCycle has gotten into partnership with biopharmaceutical firm Sanofi, maker of Buscopan and Dulcolax, to introduce the latest initiative that enables customers to recycle their empty drug packages.

Blister Packaging Market Key Players:

The global blister packaging market is dominated by players such as

• 1) Amcor Limited (Australia)
• 2) The Dow Chemical Company (U.S.)
• 3) WestRock Company (U.S.)
• 4) Bemis Company, Inc. (U.S.)
• 5) Sonoco Products Company (U.S.)
• 6) Constantia Flexibles (Austria)
• 7) Klockner Pentaplast Group (Germany)
• 8) E.I. du Pont de Nemours and Company (U.S.)
• 9) Honeywell International (U.S.)
• 10) Display Pack, Inc. (U.S.)
• 11) Tekni-Plex, Inc. (U.S.)
• 12) Pharma Packaging Solutions (U.S.).