Product ID: SQCIG15G2045
Global Blister Packaging Market Size, Share, Growth Analysis, By Type(Carded and Clamshell), By Technology(Thermoforming, Cold Forming), By Material(Plastic Films, Paper & Paperboard), By End-User(Healthcare, Consumer Goods) - Industry Forecast 2024-2031
Report ID:
SQCIG15G2045 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
116 |
Figures:
77
Global Blister Packaging Market Insights
Global Blister Packaging Market size was valued at around USD 25.80 billion in 2022 and is expected to rise from USD 27.48 billion in 2023 to reach a value of USD 45.47 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 Blister Packaging Market Report Snapshots
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