The global cold-formed blister packaging market is projected to grow at a CAGR of 5.42%, rising from US$927.460 million in 2018 to reach US$1,272.748 million in 2024 owing to its growing penetration in the pharmaceutical packaging industry due to stringent regulations in regions such as North America, and Europe. The cold-form blister packaging is gaining popularity in the market primarily due to the growing demand for efficient packaging in the pharmaceutical industry. Cold forming packs are manufactured using more packaging material as compared with thermoform so as to provide high barrier protection against moisture, light, and gases to the products.
PVC and Bi-axially Oriented Polyamide (BOPA) are the conventionally used films for manufacturing cold form blister packs. Furthermore, burgeoning research and development in Alu-Alu blister foil manufacturing is expected to boost the cold-form blister packaging market growth in the upcoming years. For instance, in December 2018, FlexFilms has been granted United States patent for formable films that include one or more BOPET layers used in Alu Alu blister packaging. With this, the company is expected to gain a competitive advantage over its opponents in the cold formed pharmaceutical packaging industry.
The Cold-form Blister Packaging Market – Forecasts from 2019 to 2024 is an exhaustive study that presents the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, material, technology, end user and countries.
The Cold-form blister packaging market has been segmented by material, end user and geography. By material, the market has been classified into PVC, PVDC, and PP. By end user, the market has been classified into consumer goods, food and pharmaceutical.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 14 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Cold-form blister packaging market such as Sonoco Products Company, Perlen packaging, Bemis Company, Uhlmann Group, WestRock, Constantia Flexibles, and Schreiner Group have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Cold-form blister packaging market.
• By Material
• By End-User
o Consumer Goods
• By Geography
o North America
o South America
o Middle East and Africa
o Asia Pacific
Frequently Asked Questions (FAQs)
Q1. What will be the cold-form blister packaging market size by 2024?
A1. The global cold-form blister packaging market is projected to reach a total market size of US$1,272.748 million by 2024.
Q2. What are the growth prospects for cold-form blister packaging market?
A2. The cold-formed blister packaging market is projected to grow at a CAGR of 5.42% during the forecast period.
Q3. What is the size of global cold-form blister packaging market?
A3. Cold-Form Blister Packaging market was valued at US$927.460 million in 2018.
Q4. What factors are anticipated to drive cold-form blister packaging market growth?
A4. The cold-form blister packaging is gaining popularity in the market primarily due to the growing demand for efficient packaging in the pharmaceutical industry.
Q5. How is the global cold-form blister packaging market segmented?
A5. The cold-form blister packaging market has been segmented by material, end-user, and geography.