The global blister packaging market is projected to reach US$ 22.9 Bn by the year 2031 at a CAGR of 6.4%.Increasing production output from global pharmaceuticals sector has created massive demand for pharmaceutical packaging, especially the blister packs. The packaging capabilities of blister packaging format such as carded and clamshell blisters fulfill the precise and required packaging needs, thereby making it a preferable packaging choice among the players.
The demand for blister packaging is set to reach 5.18 thousand tonnes in 2021, according to a new study by ESOMAR-certified market research and consulting firm, Future Market Insights. A higher preference for blister packaging over carton boxes in the pharmaceutical industry continues to fuel demand primarily. Blister packaging sales are also complemented by growing demand from food, consumer goods, and veterinary industries.
While the steady growth of the pharmaceutical industry is pushing the demand-supply curve upward, various guidelines for pharmaceutical packaging are further catalyzing the growth of blister packaging manufacturers. For instance, as per the FDA guidelines, pharmaceutical packaging must-have features that prevent mix-ups and cross-contamination, and specify procedures for examining packaging for suitability before packaging operations. Blister packaging fulfils all these criteria and hence it has high demand in the pharmaceutical sector.
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According to the India Brand Equity Foundation (IBEF), India is the largest provider of generic drugs globally, while Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K. Although pharmaceutical sector holds major pie of value share in the global market, consistently increasing demand for blister packaging is also attributed to its cost-effectiveness.
According to Future Market Insights (FMI), the future growth outlook for global blister packaging market seems promising as expenditure on healthcare and pharmaceutical across the globe is on significant surge.
Leading Companies Profiled in Blister Packaging Market are
- Amcor plc
- Constantia Flexibles GmbH
- Sonoco Products Company
- Winpak Ltd.
- West Rock Company
- Honeywell International, Inc
- Uflex Ltd
- Tekni-Plex, Inc
- ACG Pharmapack Pvt. Ltd.
- Klockner Pentaplast Group
- SteriPack Group
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
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“Leading manufacturers operating in the global blister packaging market are consistently enhancing blister packaging format by incorporating advanced packaging technologies such as thermoforming and cold forming. Furthermore, the rise in demand for blister packaging with high barrier film for excellent air, moisture, and light resistance is expected to further propel the growth of the blister packaging manufacturers in the near future,” says an FMI analyst.
Pharmaceutical Industry Growth Key to Blister Packaging Sales
Blister packaging being predominantly used for air tight packaging, sealing, and storing of medicines such as tablets and capsules which are in the form of unit dosing, has high demand in the pharmaceutical sector. While the consumer preference for single serving of the medicines is raising the requirement of blister packaging, the exponential growth of the pharmaceutical industry is further catering to it.
The United States is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical R&D. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world’s R&D pharmaceuticals (US$ 75 billion) and hold the intellectual property rights on newer medicines. These figures represent high demand for blister packaging in pharmaceutical industry which in turn is fuelling the sales of the manufacturers.
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
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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