Blister Packaging Market to reach USD 42.49 Bn by 2029 at a growth rate of 8.82 percent over the forecast period


Posted July 13, 2023 by NilamMMR

Consumer demand for pharmaceutical goods has increasingly evolved away from conventional bottles and toward unit-dose blister packaging. Blister packs are used to package drugs and medical equipment in the healthcare industry.

 
Blister Packaging Market Overview :

Maximize Market Research, a leading firm, has published a comprehensive report on the Blister Packaging Market. The report provides an overview of the market, including its scope, research methodology, gross profit margin, cost market share, market capability, and supply and demand analysis. This data helps identify key drivers that impact market growth. The report also highlights key industries and presents widely available data.

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Blister Packaging Market Scope :

The Blister Packaging market heavily relies on pictorial, graphical, and numerical data, which are analyzed and presented comprehensively within the market scope. The scope of the report showcases various opportunities and mediums for market analysis. Primary data refers to authentic information obtained from reliable sources, while secondary data consists of existing information used for research, analysis, and decision-making purposes. The report includes an in-depth analysis of the Blister Packaging market and its segmentation. It also provides a regional analysis of market dynamics, enabling investors and readers to compare past and current market trends. SWOT analysis is performed to identify market strengths and weaknesses, while PESTLE analysis is conducted to understand the business direction, growth targets, and upcoming risks. The report also covers current market trends and provides forecasts for the upcoming years.

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Blister Packaging Market Segmentation :

In 2022, aluminium foil made up roughly 15% of the total volume, by Material Type. For the packaging of medicinal products, aluminium foil is frequently used. Because of its superior moisture protection qualities and high rate of recycling, aluminium foil is in high demand in the blister packaging industry. In addition, the expansion of novel packaging choices made of aluminium and the ease with which they may be used will increase demand for aluminium foil during the projection period. For instance, Uflex received a US patent grant in September 2020 for their Alu-Alu blister packs, which provide clients a number of advantages like easy wearability and child-resistant packaging.

by the user, The consumer goods application is anticipated to expand between 2023 and 2029 at a rate of nearly 7% CAGR due to the growing demand for blister packaging in the electronics, toy, and other sectors. Blister packaging is used by the consumer products industry because it can be produced in big quantities at a low cost and has greater aesthetic attributes. The expansion of the electronics industries in South Korea, Japan, and China, as well as the rising demand for thermoformed clamshell products in the packaging of electronic parts, will be the primary drivers of segment growth over the forecasted period. These factors will also contribute to the expansion of the blister packaging market.

With more than 3/4 of the market share during the projected period, the thermoforming technique segment will continue to rule the blister packaging industry. Significant blister packaging makers are drawn to thermoforming technology because of its higher production speed and cheaper manufacturing costs when compared to cold-forming technology. Thermoforming technology is widely used in a range of industries due to its simplicity of use and affordable manufacturing prices. Thermoformed products are used in consumer, industrial, and food packaging applications and are produced from nearly all polymers used in the production of forming films. A number of pharmaceutical businesses, like Aptar's Activ-Blister Packaging, have been able to reliably and durably protect their moisture-sensitive drugs thanks to advancements in innovative technology.

Blister Packaging Market Size, by Type (2022-2029)

• Carded
• Clamshell

Blister Packaging Market Size, by Material Type (2022-2029)

• Plastic
• Paper
• Aluminum

Blister Packaging Market Size, by End-user (2022-2029)

• Food
• Consumer Goods
• Pharmaceutical
• Others

Blister Packaging Market Size, by Packaging Machine (2022-2029)

• Roller Type
• Roller-Plate Type
• Plate Type

Blister Packaging Market Size, by Technology (2022-2029)

• Thermoforming
• Cold Forming

Blister Packaging Market, Key Players :

1. Bemis Company, Inc. (US)
2. Nosco Inc. (US)
3. The Dow Chemical Company (US)
4. WestRock Company (US)
5. Sonoco Products Company (US)
6. Rohrer Corporation (US)
7. CONSTANTIA (Austria)
8. Klöckner Pentaplast (Luxembourg)
9. DuPont (US)
10.Honeywell International Inc. (US)
11.Tekni-Plex. (US)
12.DISPLAY PACK (US)
13.Winpak Ltd (Canada)
14.Perlen Packaging (Switzerland)
15.SteriPack Group (Ireland)
16.Amcor Limited (Australia)
17.CPH GROUP (Australia)
18.ACG (India)
19.UFlex Limited (India)
20.Shanghai Haishun (China)

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Regional Analysis :

The report emphasizes Blister Packaging market strategy and planning through regional analysis. This analysis incorporates various techniques and tactics to enhance understanding. Regional analysis continuously monitors business growth and helps target clients, thereby impacting regional business or market. The report presents different levels of data for regional perspectives, including competitiveness, market pricing, quantity, and quality.

Key Questions Answered in the Blister Packaging Market Report:

What is the definition of the Blister Packaging Market?

What is the forecast period for the Blister Packaging Market?

What is the competitive scenario of the Blister Packaging market?

Which region holds the largest market share in the Blister Packaging Market?

What are the opportunities for the Blister Packaging Market?

What factors are affecting the growth of the Blister Packaging market?

Who are the key players in the Blister Packaging market?

Which company holds the largest share in the Blister Packaging market?

What will be the compound annual growth rate (CAGR) of the Blister Packaging market during the forecast period?

What key trends are likely to emerge in the Blister Packaging market in the coming years?

Key Offerings:

Market Share, Size, and Revenue Forecast | 2023-2029

Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends

Market Segmentation: Detailed analysis by Blister Packaging

Landscape: Leading key players and other prominent participants.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from various industries. We cover a wide range of sectors, including medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. Our services include market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By MMR
Country India
Categories Internet
Tags blister packaging market demand , blister packaging market size , blister packaging market product type
Last Updated July 13, 2023