The blister packaging market is expected to witness significant growth, with projections indicating it could reach a value of US$22.9 billion by 2031, primarily driven by the expansion of the pharmaceutical industry. Manufacturers prefer carded or clamshell blisters over flat-bottomed containers like tubs due to their ability to meet specialized requirements.
According to Future Market Insights, a trusted market research and consulting firm, the blister packaging market is predicted to reach 5.18 thousand tonnes in 2021. The pharmaceutical industry’s continued preference for blister packaging, as opposed to carton boxes, remains a key driver of demand. Additionally, the food, consumer goods, and veterinary industries are contributing to the increased sales of blister packaging.
The ongoing expansion of the pharmaceutical industry, coupled with packaging regulations specific to pharmaceuticals, is further propelling the demand for blister packaging. Compliance with FDA standards, which focus on minimizing mix-ups, cross-contamination, and evaluating packaging suitability, has led to the extensive use of blister packing in the pharmaceutical sector.
For More Insights on this Market, Get A Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-4648
The Indian pharmaceutical industry is also worth mentioning, as it satisfies a significant portion of global demand for vaccines, generic drugs in the United States, and overall medication demand in the United Kingdom, as stated by the India Brand Equity Foundation (IBEF). Although the pharmaceutical industry holds a substantial share of the global market value, blister packaging remains popular due to its cost-effectiveness.
Future Market Insights (FMI) foresees a promising future for the global blister packaging industry, driven by increased healthcare and pharmaceutical spending worldwide. The rising demand for convenient, sustainable, and customized packaging solutions is expected to drive the expansion of the blister packaging industry in the coming years.
Key Takeaways from Blister Packaging Market Study
- Carded blister packaging remains lucrative, capturing over 55% share
- Pharmaceutical segment to maintain the lead in terms of end use, holding over one-third share
- High demand for thermoforming technology in manufacturing blister packaging to fuel sales
- By material, plastic and aluminium collectively projected to hold over 75% of market share
- The United States to remain at the epicentre, holding over 84% market value
- The United Kingdom, Germany, France, China, and a few others to emerge lucrative for the suppliers
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-4648
Frequently Asked Questions
- What is the study period of this market?
- What is the growth rate of Blister Packaging Market?
- Which region has highest growth rate in Blister Packaging Market?
- Which region has largest share in Blister Packaging Market?
- Who are the key players in Blister Packaging Market?
Competitive Landscape
When it comes to protecting the highly sensitive medicines, high barrier packaging films play a crucial role. On the back of this factor, leading packaging companies operating in the global blister packaging market are introducing blister packaging made up of high barrier packaging films that maintain the integrity and quality of tablets and capsules against moisture and oxygen.
- Klockner Pentaplast one of the leading pharmaceutical packaging manufacturers, has its kpMax – a four-layer structure blister packaging, specially designed for oxygen- and moisture-sensitive pharmaceuticals. The same packaging innovation provides several benefits such as 30% higher production output, minimizes blister card size which reduces secondary packaging and also requires minimum transition cost.
- In January 2020, AptarGroup Inc., leader in material science and active packaging solution, launched fully-integrated Active-Blister packaging solution combining moisture absorption and oxygen scavenging properties. The company added the combined moisture absorption and oxygen scavenging capability to the Activ-Film product to provide end-users with a highly integrated solution for pharmaceutical products that are highly sensitive to the moisture and oxidation.
- In 2019, Huhtamaki Oyj, one of the packaging giants, introduced recyclable Push Tab blister solution for pharmaceutical industry with the highest barrier properties.
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-4648
Key Players:
- Amcor plc
- Constantia Flexibles GmbH
- Sonoco Products Company
- Winpak Ltd.
- West Rock Company
- Honeywell International, Inc
- Uflex Ltd
Key Segments Covered In Blister Packaging Industry Research
Blister Packaging Market by Product Type :
- Clamshell
- Carded
Blister Packaging Market by Technology Type :
- Cold Forming Technology
- Thermoforming Technology
Blister Packaging Market by Material Type :
- Plastic
- PVC/Vinyl
- PET
- PE
- Others
- Aluminum
- Paper & Paperboard
- Others
Blister Packaging Market by End-Use :
- Food
- Pharmaceuticals
- Veterinary & Nutraceuticals
- Medical Devices
- Electronics & Electricals
- Industrial Goods
- Consumer Goods
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com