Germany blister packaging market is projected to grow at a CAGR of 3.21% and is expected to reach a market size of US$593.462 million in 2024. The demand for blister packaging is significantly driven by the pharmaceutical industry due to its versatile, cost-effective, and adaptable pack forms. Stringent regulation related to pharmaceutical packaging in the country has resulted in the increased adoption of blister packaging as it is being conceived as an aid to patient compliance. Convenience, Read more...
Europe blister packaging market is estimated to grow at a CAGR of 3.13% to reach a market size of US$3,059.082 million in 2024 from US$2,543.060 million in 2018. Blister packaging is well-established in the region since it is widely used for solid-dosage forms. In the region, more than 80% of all solids are packed in non re-closable packages (blisters) due to high-level of protection, longer shelf life, hygiene and patient compliance provided by this kind of packaging. It held a significant sh Read more...
The Argentina blister packaging market is estimated to grow at a CAGR of 5.29% during the forecast period. The demand for blister packaging in Argentina is primarily driven by the pharmaceutical and food packaging industry in the country. However, the country due to its financial and political instability will result in a slower growth rate as compared to other countries in the South American region. Thermoformed packaging is projected to hold 96.79% share in the Argentina blister packaging ma Read more...
Brazil blister packaging market is estimated to grow at a CAGR of 3.93% to reach a market size of US$178.644 million in 2024 from US$141.720 million in 2018. The steady increase in the relatively inexpensive human capital and simultaneous efforts by the government of Brazil to improve the business environment to leading to many large firms across the verticals to set up their facilities in the country, allowing them to serve the domestic and as well markets in Canada and the United States. As Read more...
The South America blister packaging market is estimated to grow at a CAGR of 6.25% to reach a market size of US$1,019.897 million in 2024 from US$708.897 million in 2018. The demand for blister packaging will witness a rise in the region owing mainly to the rising demand for OTC and prescribed drugs. Furthermore, the favorable government policies and initiatives to boost the manufacturing and production activities in the region are estimated to further amplify the market growth during the fore Read more...
The Mexico blister packaging market is estimated to grow at a CAGR of 3.93% to reach a market size of US$178.644 million in 2024 from US$141.720 million in 2018. The steady increase in the relatively inexpensive human capital and simultaneous efforts by the government of Mexico to improve the business environment to leading to many large firms across the verticals to set up their facilities in the country, allowing them to serve the domestic and as well markets in Canada and the United States. Read more...
Canada blister packaging market is estimated to grow at a CAGR of 3.35% to reach a market size of US$137.800 million in 2024. The economic scenario of Canada is similar to that of the United States, with the country witnessing a steady economic growth over the last couple of years. Furthermore, the proportion of the population aged 65 years and above have increased from 7.636% in 2010 to 8.695% in 2017 (source: World Bank), which resulted in doubling of the healthcare spending in the last deca Read more...
The United States blister packaging market is estimated to reach a market size of US$1,867.645 million in 2024. The rising health concerns are anticipated to increase the domestic health spending on drugs by the individuals. In addition, the U.S Department of Health and Human Services has recently proposed a regulation aimed at lowering the drug prices and reducing the out of the pocket expenditure in the United Status by encouraging manufacturers to pass the discounts directly to the patients Read more...
The North America blister packaging market is estimated to grow at a CAGR of 4.48% to reach a market size of US$2,198.220 million in 2024. Growing demand of blister packaging in various end user industries like pharmaceutical and food is expected to drive the market during the forecast period. In addition, due to increasing investment in research and development activities in the region the market for blister packaging is anticipated to witness substantial growth. However, stringent regulation Read more...
Fresh food flexible packaging means packing of food using damage-resistant packaging solutions in order to protect the food from environmental influencing conditions, physical protection while maintaining a flexible form factor. The increasing demand for fresh food is projected to result in Spain fresh food flexible packaging market’s growth. Furthermore, lesser transportation and wastage costs involved in the use of flexible packaging solutions which is expected to drive the demand. Inn Read more...
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