USD 25.80 billion
Report ID:
SQCIG15G2045 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|Tables:
116
|Figures:
77
Global Blister Packaging Market size was valued at around USD 25.79 billion in 2022 and is expected to rise from USD 27.47 billion in 2023 to reach a value of USD 45.46 Billion by 2031, at a CAGR of 6.50% during the forecast period (2024–2031).
Blister packaging is in high demand due to the development of manufacturing tasks and the maturity of inconveniently wrapped items. It is utilized in pharmaceutical, consumer, and food product packaging. It makes product handling easier while also shielding commodities from harsh weather and pollution. The use of this sort of packaging facilitates the movement of objects. As a result, this characteristic will drive the global Blister Packaging Market. Furthermore, the Blister Packaging Market is being driven by the expanding convenience goods segment. Cosmetics, gadgets, and prescriptions are frequently eaten, and this packaging makes them easier to handle and utilize. These are important drivers that are projected to propel the Global Blister Packaging Market forward.
A certain restricts and challenges plan to restrict market growth. Factors such as strict regulatory compliance are limiting industry expansion. Stringent rules imposed on blister packaging, notably in the healthcare industry, provide a challenge to the Blister Packaging Market. Compliance with standards is critical since even the smallest flaw in packaging might harm the product. It could have a detrimental impact on the manufacturer's profits.
The growing number of active cases of various diseases, such as infectious diseases, uncommon diseases, and malignancies, among others, in the world population is pushing the worldwide pharmaceutical industry's demand for blister packaging. Furthermore, the number of cancer and heart disease patients in Canada is increasing over time.
Furthermore, factors such as packaging technical improvements, the increasing number of elderly people across the world, and complying, regulatory approvals, among others, may generate new potential for the industry to grow quickly. The high cost of aluminium films, however, and a lack of understanding about this technology, are possible limitations to the overall expansion of the Global Blister Packaging Market. Nonetheless, technological advancements, R&D investment, and unexplored possibilities in new markets provide positive growth opportunities.
Global Market Size
USD 25.80 billion
Largest Segment
Carded
Fastest Growth
Carded
Growth Rate
6.50% CAGR
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The global blister packaging market is segmented based on type, technology, material, end-user, and region. Based on type, the market is segmented into carded, and clamshell. In terms of technology, the market is segmented into thermoforming and cold forming. With respect to material, the market is segmented into paper & paperboard (SBS, WLC, and others), plastic films (PVC, rigid PVC, polyethylene terephthalate, PE, and others), and aluminum. With respect to end-users, the market is grouped into healthcare, consumer goods, industrial goods, and food. Region wise, the global blister packaging market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Blister Packaging Market Analysis by Type
The carded category accounts for the majority of market share. During the projection period, it is expected to increase at a considerable CAGR. The elements that can be attributed to its ability to assume numerous shapes, stack several things, and have superior damage protection capabilities are driving demand for this market sector. Furthermore, using blister-carded packaging, marketers may more clearly promote their goods while maintaining them safe within stiff, pre-formed compartments. Blister card packaging provides a solid seal around items. This means that the cavity's contents cannot be harmed by air, chemicals, or other impurities.
Blister Packaging Market Analysis by Technology
Thermoforming currently has the greatest market share in the blister packaging business due to the wide range of end-use sectors it may be utilized in, including the food and healthcare industries. The thermoforming technique is preferred over cold forming technology for blister packaging because it has cheaper initial tool and equipment costs. Thermoforming has several advantages over cold forming, including safer travel since the compartments are more closely defined and smaller, limiting the possibility of damage, visibility because the blister plastic is transparent, and it has the ability to manufacture a large range of items. Manufacturers like thermoforming due of its high-volume manufacturing capability, dependability, homogeneity, and cleanliness. The low cost, efficient management, and convenience of use of thermoforming technology are the primary drivers of demand.
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North America is now dominant the blister pack market and is expected to continue so over the forecast period. This is due to the existence of advanced and established end-user sectors in the region, such as healthcare and pharmaceuticals.
Asia-Pacific, on the other hand, is predicted to increase at the greatest pace over the forecast period. This is due to increased urbanization, industry, and the greater usage of easy packaging solutions. Growth and expansion of several end user verticals in this area, such as the packaging industry, presents more attractive and remunerative market growth potential customers.
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Blister Packaging Market Drivers
Rise in Consumer Goods Packaging
Blister Packaging Market Restraints
Cost Implications
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The competitive landscape is dynamic, with companies competing on factors such as product innovation, quality, cost-effectiveness, customization capabilities, and geographic reach. These key players constantly strive to meet the evolving demands of customers and maintain a strong market presence in the blister packaging industry.
Blister Packaging Market Top Player’s Company Profiles
Blister Packaging Market Recent Developments
In February 2024, Sanofi Consumer Healthcare (CHC) announced its participation in the Blister Pack Collective, a drive led by PA Consulting and Swedish R&D firm PulPac. The collective goal is to advance the development and widespread adoption of fiber-based blister packaging.
In September 2023, Aptar CSP Technologies, a company specializing in active material science solutions, formed a strategic partnership with Porton Pharmatech Co., Ltd, a subsidiary of Porton Pharma Solutions Co., Ltd, a global Contract Development and Manufacturing Organization (CDMO). Their collaboration expects to introduce Activ-Blister Solutions to the Asia-Pacific (APAC) region. This drive follows the successful commercialization and approval of Activ-Rankle innovation for two HIV drugs currently accessible in North America and the EMEA area.
In June 2023, Bain & Company announced a global partnership with SAP SE, a leading enterprise resource planning (ERP) software company headquartered in Germany.
Top of Form
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Blister Packaging Market the Blister packaging is in high demand due to the development of manufacturing tasks and the maturity of inconveniently wrapped items. It is utilized in pharmaceutical, consumer, and food product packaging. It makes product handling easier while also shielding commodities from harsh weather and pollution. The use of this sort of packaging facilitates the movement of objects. As a result, this characteristic will drive the global Blister Packaging Market. Furthermore, the Blister Packaging Market is being driven by the expanding convenience goods segment. Cosmetics, gadgets, and prescriptions are frequently eaten, and this packaging makes them easier to handle and utilize. These are important drivers that are projected to propel the Global Blister Packaging Market forward.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 25.79 billion |
Market size value in 2031 | USD 45.46 Billion |
Growth Rate | 6.50% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Blister Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blister Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blister Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Blister Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQCIG15G2045