Blister Packaging Market Growth or Demand Increase or Decrease for what contains ?
The Blister Packaging Market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing demand for pharmaceutical products, as blister packaging provides excellent protection and tamper evidence for medications. Additionally, the rise in consumer goods and electronics sectors boosts the market, as blister packaging offers visibility and security for various products. Moreover, the growing awareness of sustainability has led to an increased demand for eco-friendly blister packaging solutions. Overall, the market is witnessing a surge in demand for blister packaging, especially for pharmaceuticals, consumer goods, and electronics, driven by their protective and sustainable benefits.
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Blister Packaging CAGR Estimation:
The Blister Packaging Market was valued at USD 25.58 billion in 2023, and it is predicted to reach USD 46.22 billion by 2030, with a CAGR of 8.82% during the forecast period (2024-2030).
Blister Packaging Market Segmentation:
by Type
Carded
Clamshell
by Material Type
Plastic
Paper
Aluminum
Aluminum foil accounted for around 15% of total volume in 2023. Aluminum foils are extensively used in pharmaceutical applications as medicine packing. Aluminum foil's superior moisture protection capabilities, combined with its high recycling rate, are driving blister packaging industry demand for aluminum products. Furthermore, the expansion of various aluminum packaging options, as well as the ease of handling new packaging solutions, will drive up aluminum foil demand during the forecast period. For example, Uflex was awarded a US patent in September 2020 for their Alu-Alu blister packs, which provide clients a variety of features such as simple wearability, child-resistant packaging, and others.
by End User
Food
Consumer Goods
Pharmaceutical
Others
By end user, Because of the growing demand for blister packaging in the electronics, toy, and other industries, the consumer goods application is predicted to increase at a 7% CAGR between 2024 and 2030. Blister packaging is used in the consumer products market because it can be manufactured in big quantities at a low cost and has superior visual qualities. The segment's growth over the forecast period will be driven by the expansion of the electronics industry in South Korea, Japan, and China, as well as rising demand for thermoformed clamshell products in the packaging of electronic parts, which will drive blister packaging market growth.
by Packaging Machine
Roller Type
Roller-Plate Type
Plate Type
by Technology
Thermoforming
Cold Forming
By technology, the thermoforming technique segment will continue to lead the blister packaging market, accounting for more than 3/4 of the market share over the projected period. The faster production speed and cheaper manufacturing costs of thermoforming technology when compared to cold-forming technology are crucial elements that draw major blister packaging makers to the market. Because of its ease of use and low manufacturing costs, thermoforming technology is widely used in a range of industries. Almost all polymers used in the production of forming films are thermoformed, and these products are used in consumer, industrial, and food packaging applications. Considering advancements in new technology, some pharmaceutical businesses such as Aptar's Activ-Blister Packaging have been able to secure their moisture-sensitive drugs successfully and for a long time.
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Blister Packaging Market Overview:
The Maximize Market Research report assists clients in gaining a comprehensive understanding of the competitive landscape, serving as a valuable resource for strategic planning purposes. The comprehensive Blister Packaging market overview furnishes extensive information regarding market size, trade statistics, prominent participants, and a range of market indicators, encompassing aspects such as life cycle, prevailing trends, and more.
Blister Packaging Growth or Demand in which regions??
Blister packaging is witnessing significant growth and demand across various regions due to its advantages in protecting products and enhancing shelf appeal. In North America, the demand is driven by the pharmaceutical and healthcare sectors, which require secure and tamper-evident packaging solutions. Europe sees substantial growth due to stringent packaging regulations and a strong focus on sustainability. Meanwhile, the Asia-Pacific region, particularly China and India, is experiencing rapid demand increase due to expanding pharmaceutical and consumer goods industries, coupled with rising disposable incomes and urbanization. These regional trends highlight the global expansion and importance of blister packaging in multiple markets.
Blister Packaging Market Scope Methodology:
The competitive landscape of the Blister Packaging market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Blister Packaging market. The report employed a bottom-up approach to ascertain Blister Packaging market estimations and growth rates.
To gain insights into Blister Packaging market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Blister Packaging market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.
Both primary and secondary data gathering techniques were employed for the Blister Packaging Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Blister Packaging Market.
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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Key questions answered in the Blister Packaging Market are:
- What is Blister Packaging?
- What is the growth rate of the Blister Packaging Market?
- Which are the factors expected to drive the Blister Packaging market growth?
- What are the different segments of the Blister Packaging Market?
- What are the factors restraining the growth of the Blister Packaging Market?
- What is the demand pattern of the Blister Packaging Market?
- What major challenges could the Blister Packaging Market face in the future?
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
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