USD 3.70 billion
Global Cold Form Blister Packaging Market Size, Share, Growth Analysis, By Type(Thermoforming and Cold Forming Packaging), By End-user(Pharmaceuticals, Food and Beverages) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2082 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
61 |
Figures:
75
Global Cold Form Blister Packaging Market Insights
Global Cold Blister Packaging Market size was valued at USD 3.70 billion in 2022 and is poised to grow from USD 3.98 billion in 2023 to USD 7.09 billion by 2031, growing at a CAGR of 7.50% during the forecast period (2024-2031).
The global cold form blister packaging market continues to witness steady growth driven by its widespread adoption in pharmaceutical and healthcare sectors. This packaging method offers excellent protection for sensitive medications, ensuring product integrity and extended shelf life. Additionally, its tamper-evident features enhance consumer safety and confidence. Rising pharmaceutical production, stringent regulatory requirements, and the demand for child-resistant packaging solutions are key factors contributing to the market's expansion. As sustainability concerns grow, manufacturers are also exploring eco-friendly materials for cold form blister packaging. Overall, the market is poised for sustained growth in the foreseeable future.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceuticals
Fastest Growth
Pharmaceuticals
Growth Rate
7.50% CAGR
Global Cold Form Blister Packaging Market by region
Country Share for North America(%)
Global Cold Form Blister Packaging Market by Type
Global Cold Form Blister Packaging Market by Type
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Global Cold Form Blister Packaging Market Segmental Analysis
The global cold form blister packaging market can be segmented into various categories based on factors such as product type, end-user industry, and geography. Product type segments may include thermoforming and cold forming packaging. End-user industries encompass pharmaceuticals, food and beverages, and consumer electronics. Geographical segments often include North America, Europe, Asia-Pacific, and the rest of the world.
Analysis By Type
The largest segment in the global cold form blister packaging market is the material type segment, with oriented polyamide being the leading material. This is due to the high barrier properties of oriented polyamide, which makes it ideal for packaging pharmaceutical and food products. The fastest-growing segment in the global cold form blister packaging market is the application segment, with the healthcare industry being the major driver. This is due to the increasing demand for cold form blister packaging for pharmaceutical products such as tablets, capsules, and inhalers.
Analysis By End-user
The healthcare segment is the largest end-user segment of the global cold form blister packaging market, accounting for over 50% of the market share in 2022. This is attributed to the increasing demand for cold form blister packaging in the pharmaceutical industry for packaging tablets, capsules, inhalers, and other healthcare products. The increasing focus on patient safety and the need to prevent counterfeiting of pharmaceutical products are also driving the growth of this segment.
The consumer goods segment is the second largest end-user segment of the global cold form blister packaging market. This segment is expected to grow at a CAGR of 6.8% during the forecast period 2023-2030. The growth of this segment is driven by the increasing demand for cold form blister packaging in the personal care, cosmetics, and food and beverage industries. The increasing demand for tamper-evident packaging and the need to protect products from moisture, oxygen, and light are also driving the growth of this segment.
Global Cold Form Blister Packaging Market by Type, 2022 (%)
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Global Cold Form Blister Packaging Market Regional Insights
Asia Pacific accounts for a dominant share of the global cold form blister packaging market. The rapidly expanding pharmaceutical industry and growing investments in healthcare infrastructure development are boosting demand for cold form blister packaging in this region. Expanding e-commerce activity coupled with rising disposable income are also slated to boost market growth in this region. China leads cold form blister packaging sales in this region with India, Japan, and South Korea accounting for substantial market shares as well.
North America holds the second-largest share of the global cold form blister packaging market. The rising use of cold form blister packaging in different tech companies in this region is the prime factor driving market growth in this region. The high use of advanced medical devices and pharmaceuticals is also contributing to cold form blister packaging sales in this region. The United States and Canada are slated to uplift cold form blister packaging demand in North America over the coming years.
Global Cold Form Blister Packaging Market by Geography, 2024-2031
- Largest
- Fastest
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Global Cold Form Blister Packaging Market Dynamics
Drivers
- Pharmaceutical Industry Growth: The rapidly aging population around the world is driving up the demand for pharmaceuticals and this is also favoring cold form blister packaging product sales as well. Cold-form blister packaging has proven to be highly efficient in protecting drugs from contamination, moisture, and light, which could alter the effect of the medicine.
- Consumer Preference for Convenient Packaging: Convenient and easy-to-use packaging solutions are highly popular and in demand among consumers around the world. Cold form blister packaging is a tamper-evident and user-friendly packaging alternative that is suitable for almost all industries and this is why its demand is slated to soar high going forward.
- Regulatory Compliance and Safety: The imposition of strict regulations for the packaging of different pharmaceuticals with tamper-evident features is slated to promote the adoption of cold form blister packaging in the future. Companies need to opt for cold form blister packaging solutions to ensure compliance with these safety mandates.
Restraints
- Cost of Production: In comparison to other types of packaging solutions, cold form blister packaging is more expensive. High manufacturing and materials costs make this type of packaging expensive and limit market growth potential as well.
- Environmental Concerns: cold form blister packaging often uses aluminum and the environmental impact of this material is much larger than other packaging material alternatives. Difficulty in recycling aluminum and efforts of cold form blister packaging companies to find new sustainable material alternatives are slated to slow down market development going forward.
- Competition from Alternative Packaging: Flexible packaging, blister cards, and sachets are some packaging alternatives that can be used instead of cold form blister packaging and this could hurt market growth potential,
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Global Cold Form Blister Packaging Market Competitive Landscape
The global cold form blister packaging market features intense competition among key players. Leading companies like Amcor plc, Bemis Company Inc. (now part of Amcor), Constantia Flexibles Group, Uflex Ltd., and Tekni-Plex dominate the market. These firms continually innovate to offer eco-friendly, child-resistant, and tamper-evident packaging solutions. Additionally, partnerships, mergers, and acquisitions remain prominent strategies to expand market presence and enhance product portfolios. Regulatory compliance, sustainability, and cost-efficiency drive competition, with a focus on meeting pharmaceutical and healthcare industry demands. The market is dynamic, with players striving to cater to evolving consumer preferences and industry requirements.
Top Player’s Company Profiles
- Amcor plc - Headquarters: Switzerland
- Bemis Company, Inc. (Now part of Amcor) - Headquarters: United States
- Constantia Flexibles Group GmbH - Headquarters: Austria
- Uflex Ltd - Headquarters: India
- Winpak Ltd - Headquarters: Canada
- Tekni-Plex, Inc. - Headquarters: United States
- Bilcare Limited - Headquarters: India
- Rohrer Corporation - Headquarters: United States
- Huhtamaki Group - Headquarters: Finland
- Klöckner Pentaplast - Headquarters: Germany
- Essentra plc - Headquarters: United Kingdom
- Montagu Private Equity (Owner of Burgopak) - Headquarters: United Kingdom
- Rollprint Packaging Products, Inc. - Headquarters: United States
- Romaco Group - Headquarters: Germany
- ACG Worldwide - Headquarters: India
- Prent Corporation - Headquarters: United States
- West Pharmaceutical Services, Inc. - Headquarters: United States
- Svam Packaging Industries Pvt. Ltd - Headquarters: India
- Ecobliss Holding BV - Headquarters: Netherlands
- Zhejiang Jiucheng Pharmaceutical Co., Ltd - Headquarters: China
Recent Developments
- Pharma-Pak, LLC, a manufacturer of custom blister packaging was acquired by Tekni-Plex Inc. This acquisition which was completed in January 2023 allowed Tekni-Plex to widen its cold form blister packaging portfolio for its customers from the healthcare industries.
- Blisterpak, Inc., a blister packaging supplier for pharmaceutical and consumer product use was acquired by Rollprint Packaging Products to bolster Rollprint’s position in the North American marketplace. This acquisition was completed in February 2023.
Global Cold Form Blister Packaging Key Market Trends
- Sustainability and Eco-Friendly Packaging: The packaging industry is undergoing some major changes as the focus on sustainability increases around the world. Cold form blister packaging manufacturers are focusing on incorporating eco-friendly and sustainable materials to lower their impact on the environment and minimize waste production as well.
- Child-Resistant and Senior-Friendly Packaging: High demand for safe and secure packaging solutions will always be prevalent and this is a trend that could allow cold form blister packaging companies to innovate going forward. Packaging for pharmaceuticals and healthcare products needs to be secure as it could be potentially dangerous in the hands of kids or seniors who are not supposed to have it. A high focus on secure packaging will also provide attractive new growth opportunities for cold form blister packaging providers in the future.
- Customization and Personalization: cold form blister packaging companies are continually focusing on providing customized and personalized packaging solutions to meet the evolving demand. The adoption of digital printing technology has led to the creation of more attractive cold form blister packaging solutions that align perfectly with branding goals and different consumer preferences as well.
Global Cold Form Blister Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, enhanced product protection, tamper resistance, and extended shelf life are some key benefits of cold form blister packaging that are driving its demand across the world. Factors like rising demand for pharmaceuticals, stringent packaging regulations, and the need for sustainable packaging options are expected to drive market growth. However, high costs and competition from alternative packaging solutions are estimated to be key restraints that slow down cold form blister packaging sales in the future. The rapidly expanding pharmaceuticals industry and growing investments in healthcare infrastructure development in the Asia Pacific region allow it to account for a prominent share of the global cold form blister packaging market. Additionally, innovations in materials and designs to meet evolving consumer preferences are likely to expand the market further. Overall, the Cold Form Blister Packaging Market is set for a robust future with ample opportunities for growth and innovation.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.70 billion |
| Market size value in 2031 | USD 7.09 billion |
| Growth Rate | 7.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cold Form Blister Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cold Form Blister Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cold Form 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 Global Cold Form 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cold Form Blister Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cold Form 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.
Global Cold Form Blister Packaging Market Report Snapshots
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