Blister Packaging Market- Introduction
Blister packs are used in the healthcare industry for drugs and medical devices. They are used in wide applications, such as in consumer goods, industrial goods, and food industries. It is also seen that blister packaging requires fewer resources for packaging, occupies less retail shelf space, and offers an excellent hang-hook display. That’s why, blister packs are available at a lower cost as compared to other packaging formats, such as rigid bottles, making them cost-effective.
Blister packaging is used to extend the shelf life of the product. Though, it is not an ideal solution for the packaging of heavy items and is mainly used for the purpose of protecting lightweight items. Blister packaging offers an efficient method of anti-counterfeit systems, such as banknote authentication systems and others.
Blister packing is a term for several types of pre-formed plastic packaging which are used for small consumer goods, foods, and for pharmaceuticals. These packaging solutions are useful for protecting products against external factors, such as humidity and contamination for extended periods of time. Opaque blisters also protect light-sensitive products against UV rays. Thus, this wide base of application has helped it gain traction in the market.
Blister Packaging Market– Forecast and Overview
The global blister packaging market size was valued at USD 3.43 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2021 to 2030.
The features associated with the blister packaging market includes a complete barrier against water vapor, gases, and light. Also, excellent thermo-formability, high degree of thermal stability, and high malleability for deep drawing blister cavities, with normal aluminum foil, and effective anti-counterfeit packaging. These are the major features which drive the demand for blister packaging market.
The Cold form of blister packaging is performed on cold forming foil and the usage of the cold-forming technique does not let the use of any kind of heat applications on the packaging. It also uses cold-forming foils or sheets of laminate film that contain aluminium, that is typically stamped to force them into the required form by the blister machine. They also find major applications in the primary packaging of pharmaceuticals that includes tablets and capsules.
The rising need for the level of product safety from manufacturers, consumers, and regulatory organizations makes blister packaging an increasingly practical option. Factors, such as product integrity and extended shelf life are highly necessary for the pharmaceutical sector, keeping in mind that most consumers store their drugs in a temperature variant atmosphere that can be harmful to unprotected medicines.
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Blister Packaging Market: Key Trends
Pharmaceutical Markets propelling growth of Blister packaging
Moreover, the Covid-19 pandemic has resulted in pharma companies demanding better packaging solutions, thus increasing the growth prospects for blister packaging market. Products such as syringes and multivitamin tablets need moisture free packaging solutions and this increases the demand for blister packaging.
Consumer Goods market to aid growth of blister packaging
Consumer Goods to witness need for Blister packaging due to growth in its market. The consumer goods industry is expected to grow at a health CAGR of 7% during the forecasted years. Products such as toys and electronic goods along with other such things require blister packaging. With consumer goods market growing, packaging needs will simultaneously increase. Electronic manufacturing major countries such as Korea, China and Japan will see significant growth for the blister packaging market. Further, Asia-Pacific as a whole will also drive the industry.
COVID-19 impact on Blister Packaging Market
During the pandemic, the demand for Blister Packaging Market increased on an account of the increase in demand for pharmaceutical and medical products. Blister packaging is mostly used in the healthcare industry and 70% of the blister packaging demand is accounted for by the healthcare packaging segment. Certain drugs were approved for use as an interim medicine to control COVID-19 by international regulatory organisations, such as FDA. The establishment of new hospitals and COVID-19 centers across the world increased the demand for medical devices, which attributed in the increase in demand for blister packaging.
Market Key Players:
The Market is generally known by its key players. The major key players of the Blister Packaging Market include:
Amcor Limited (Bemis Company, Inc.); Constantia Flexibles Group GmbH; Billcare Limited; Winpak Ltd.; Uflex Ltd.; ACG Pharmapack Pvt. Ltd.; Svam Packaging Industries Pvt. Ltd.; Tekni-Plex, Inc.; Essentra plc; Ningbo Dragon Packaging Technology Co., Ltd.; Rollprint Packaging Products, Inc.; R-Pharm Germany GmbH; Wasdell Group; Shanghai Haishun New Pharmaceutical Packaging Ltd.
Blister Packaging Market- Segmentation
The global blister Packaging market has been segmented on the basis of Material; Technology; End-User and Region.
On the basis of Material.
- Paper & Paperboard
- Plastic Films
On the basis of Technology.
- cold forming
On the basis of End-User.
- Consumer Goods
- Industrial Goods
On the basis of Region.
- North America
- Middle East & Africa
- South America
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