ID: MRFR/PNT/0675-HCR | February 2021 | Region: Global | 110 pages
Blister Packaging is projected to be worth USD 38.17 billion by 2027, registering a CAGR of 7.2% during the forecast period (2021 - 2027), The market was valued at USD 21.3 billion in 2020.
The blister packaging market revenue is divided into four regions like Asia-Pacific, Europe, America, the Middle East & Africa. Asia-Pacific is expected to register the highest CAGR in the market for its rapid expansion of end-use sectors like healthcare, food, consumer, and industrial goods. The Middle East & Africa dominates this market for their better healthcare services and the sale of OTC drugs maintains a CAGR of 9%. In North America, manufacturers are shifting to blisters from plastic containers to provide better protection and patient care services. Europe, one of the major regions in the manufacturing industry contains consumer goods companies who are leading manufacturers of food items such as Nestle and HUL.
The prominent key players in the global market are the following:
Klockner Pentaplast, one of the leading pharmaceutical packaging manufacturers announced a four-layer structure blister packaging named “kpMax”. It is designed for oxygen and moisture-sensitive pharmaceuticals products.
The COVID-19 pandemic shows a negative effect on all the business sectors like automotive, food & beverages, and chemical industries. But blister packaging market has a positive impact during this pandemic. Because blister packaging is a highly used application in the healthcare industry. Nearly, 70% of the blister packaging is accounted to the healthcare packaging system. During the COVID-19 period, the demand for pharmaceuticals and medical products has increased which leads to increase an in demand for blister packaging.
Due to the rise of COVID patients, the establishment of new hospitals and COVID-19 centers has increased all over the world and hence increases the demand for medical services. The demand for blister packaging in industrial and consumer goods may be expected to increase the growth of this market.
Blister packaging is a pre-formed plastic packaging that comprises a cavity. It is made of a thermoformed plastic and a paper or aluminum foil back. This packaging protects from heat, UV rays, humidity, and contamination. It avoids the need for cartons and reduces packaging costs. These are used in several applications like consumer goods, pharmaceuticals, food & beverages, medicines, packing toys, etc has increased the huge demand for Blister packaging. Pharmaceuticals is the leading application compared to others.
Rising population and emerging economies are also the main factors driving the growth of this market.
Unit-dose packaging, Short-cycle medication, Monitored dosage system to improve patient adherence are the major factors driving the global blister packaging market. These factors combined will increase this market share from 18% to 25% by 2023 in overall pharmaceutical packaging.
By growing the need for convenient and tamper-free packaging has increased the demand for blister packaging. In addition to that, the blister packaging occupies less retail shelf space, few resources for packing, and hence this packing is available at a low cost. The prevalence of lifestyle diseases, aging population, increasing demand for a generic drug, and stringent regulatory requirements are some more factors driving the blister packaging market.
To extend the shelf life of the product, blister packaging is used. But, it is not suitable for packaging heavy items and is ideal for protecting lightweight items. Due to the heavyweight placing on the paper board backing or plastic film, it may result in breakage of packages while handling, storing, and transporting the product results in an increased cost and loss of the product. Due to this reason, heavy packaging may break or damage the product and gets product loss to the manufacturer.
In the upcoming years, blister packaging is going to be having high growth in emerging economies like BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa). By growing some factors like favorable demographics, changing consumer’s lifestyle, and adoption of rising preference for on-go products are the opportunities to drive the growth of blister packaging trends.
Especially in the healthcare industry, strong regulations imposed on blister packaging may be a challenge to the blister packaging market. A package with a small defect may destroy both the product and the manufacturer’s profit. A blister packaged cell must contain the following things like established name, Iot number, strength, expiration date, bar code, and the manufacturer name should appear over each blister cell. These regulations require efforts, costs, time, and resources that become a challenge to the growth.
The global market research has been segmented based on the type, application, production methods, materials, and region.
Based on Type
This segmented into Carded Blister Packaging, Consumer Goods Blister Packaging, and Clamshell Blister Packaging. For its easy handling, excellent damage prevention properties, stack many products, ability to form different shapes, carded blister packaging projects to be the largest and faster-growing segment in the market. It increases the market growth through food packaging and e-commerce industries.
Based on Region
Based on the region, this divided into America, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is expected to register the highest CAGR in the market for its rapid expansion of end-use sectors like healthcare, food, consumer, and industrial goods.
Based on Application
This market based on application is segmented into pharmaceuticals, food & beverages, consumer goods, and others. Out of these applications, pharmaceuticals dominate this market followed by the consumer goods segment. Applying blister packaging to pharmaceutical products reduces the possibility of product contamination and protects from moisture, light, gas, and temperature.
Based on the Production Method
Based on the production method, this classified into Thermoforming and Cold forming. Among these two, thermoforming holds the largest market share of the overall blister packaging market for its significant use in the end-use sectors like healthcare and food. It requires less initial tools and equipment costs compared to cold forming technology.
Based on Materials
This market is based on materials is divided into PVC, PVDC, COC, Cold Form Foil, and others. During the forecast period, polyvinyl chloride (PVC) is projected to be the largest and faster-growing material for its excellent barrier properties, lightweight, low cost, and inert nature.
This global blister packaging market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent Developments, Segmentation Table and FAQs. The market dynamics include in this market drivers, restraints, opportunities, and challenges. This market is segmented into type, application, production method, materials, and region.
The blister packaging market research outlook is segmented into type, application, production methods, materials, and region.
Three types as Carded Blister Packaging, Clamshell Blister Packaging, and Consumer Goods Blister Packaging
Five regions as North America and Latin America, Europe, Asia-Pacific, and the Middle East & Africa
Pharmaceuticals, food & beverages, consumer goods, and others
By Production Methods
Thermoforming and Cold forming
PVC, PVDC, COC, Cold Form Foil, and others.
|Market Size||2027: USD 38.17 billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, Production Method, Materials|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Valley Industries, Bemis, Berry Plastics, Dupont, Albea, Mitsubishi Chemical Holdings, Steripack, DOW Chemical, Amcor Limited, Constantia Flexibles and others|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Pharmaceuticalis the largest application segment in the global blister packaging market.
Huge demand in several applications, growing pharmaceuticals& food industries, rising population,and economic growth, are major tailwinds pushing the growth of the global blister packaging market.
Stringent regulations pertaining to import and export process are major growth impeders for the global blister packaging market.
Europe holds the largest share in the global blister packaging market, followed by North Americaandthe Asia Pacific, respectively.
Valley Industries, Constantia Flexibles, Bemis, Amcor Limited, Berry Plastics, DOW Chemical, Dupont, SteriPack, Albea, and Mitsubishi Chemical Holdings, are some of the top players operating in the global blister packaging market.
Europe holds the largest share followed by North America and Asia -Pacific respectively.