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

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 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. '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'

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.

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.

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.