Newly released data from blister paper market analysis projects the market demand to be optimistic and mounting with a high growth rate of ~6.2% from 2021 to 2031. Unique product appearance with QR codes and bar codes to identify the dosage are few more drivers of the blister paper market.
Blister Paper Market: An Overview
Blister paper is a more eco-friendly alternative to blister plastic packaging. It is majorly used for pharmaceutical and healthcare drug packaging. Blister paper is a relatively new product in the market and expects a colossal slice of growth in the initial stages. Blister paper has a thermoformable base film and another lidding film with coatings to keep it safe from any moisture or heat which can damage the products packed.
The global healthcare and pharmaceuticals sector is growing for a few years now.
The outbreak of COVID-19 has resulted in a spike in the consumption of the healthcare and pharmaceutical sector and this has also given a boost to the blister paper market. User convenience and safety of the product play important roles in shaping the product market.
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What are the Key Market Drivers Impacting the Growth of the Blister Paper Market?
The extremely lightweight material, high recyclability and biodegradability are a few of the primary factors shaping the growth of blister paper in the market.
The increasing demand for products in the pharmaceutical and healthcare sector is further driving the blister paper market. Unique product appearance with QR codes and bar codes to identify the dosage are few more drivers of the blister paper market.
What are the Key Challenges that may hamper the Growth of the Blister Paper Market?
The initial cost of production is expected to restrain the market growth since it might delay the product adaption by many pharmaceutical companies. Blister paper cannot be used to pack bulky or heavy items, it cannot be used to pack fragile items since it can lead to breakage or rupture, further resulting in loss to the producer.
However, the sustainability factor and improved usage are expected to handle the market miscellany
Competitive Landscape
Key players operating in the blister paper market are
- Huhtamaki Oyj,
- Sonoco Product Company
- Rohrer Corporation among others. Modern Enterprises
- Anqing Topeak Medical Co., Ltd.
- Anhui Harmory Medical Packaging Material Co., Ltd.
- Tianchang City Guomao Plastic Industry Co., Ltd.
- Qingzhou Heli Packaging New Material Co., Ltd.
- Tianchang City Guomao Plastic Industry Co., Ltd.
are few of the players operating in Asia Pacific that manufacture blister paper.
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What are the Key Strategies used by key players in the Blister Paper Market?
Manufacturers of blister paper market are collaborating with blister packaging machine manufacturers to develop affordable and quality blister paper in the market.
- In July 2021, Huhtamaki Oyj and Syntagon collaborated to launch 100% recyclable blister paper which also lead to the duo winning German Packaging Award for sustainability and application
Why is India a good Investment market for the Blister Paper Market?
According to The Tribune, India has overtaken the U.S. to stand as the second-largest manufacturing destination after China on August 2021. Many American and Japanese companies are setting up their manufacturing units in India.
Another recent example for the same could be Apple, an American technology giant, also the largest company in the world in terms of market capitalization has shifted its manufacturing unit from China to India. The factors for the same are skilled labourers at lower costs, technological development, a favourable business environment and flexible trade policies.
What is the Repercussion of the Pandemic on the Growth of the Blister Paper Market?
COVID-19 has profoundly affected the food and pharmaceutical market with variations in consumer consumption patterns, lockdown restrictions and altered laws in the sectors. Blister paper market is expected to see disruptive changes in manufacturing, supply and logistics due to the pandemic.
Key Segments of the Blister Paper Covered in the Repor
Based On Technology:
- Thermoforming
- Cold Forming
Based On End Use Industry:
- Food
- Pharmaceutical and healthcare
- Consumer goods
- Others (industrial)
Based On Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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