The pharmaceutical blister packaging market is projected to grow at a CAGR of 5.33%, rising from US$5079.192million in 2018 to reach US$6934.617 million in 2024. As with most other packaged goods, pharmaceuticals need reliable and speedy packaging solutions that deliver a combination of product protection, quality, temper evidence, patient comfort and security needs. Growing healthcare and pharmaceutical industry is the major driving factor that is boosting the blister packaging market growth. According to the International Trade Administration (ITA), U.S Department of Commerce, the biopharmaceutical industry accounted for more than $1.3 trillion in economic output, representing 4% of total U.S output in 2015. In addition, increasing investment by market players in the form of acquisition or production capacity with the aim of expanding the product portfolio is expected to drive the growth of the market for blister packaging adoption in pharmaceutical industry in the coming years.
The Pharmaceutical 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 Pharmaceutical blister packaging market has been segmented by type, material, technology and geography. Based on type the market has been segmented into compartment, slide and wallet. By material, the market has been classified into PVC, PVDC, and PP. By technology, the market has been classified into cold-form and thermoformed.
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 Pharmaceutical blister packaging market such as Bemis Company, Sonoco Products Company, Perlen packaging, 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 Pharmaceutical blister packaging market.
Global Pharmaceutical Blister Packaging Market Scope:
| Market size value in 2018
|| US$5079.192 million
| Market size value in 2024
|| US$6934.617 million
| Growth Rate
|| CAGR of 5.33% from 2018 to 2024
| Base year
| Forecast period
| Forecast Unit (Value)
|| USD Million
| Segments covered
|| Type, Material, Technology, And Geography
| Regions covered
|| North America, South America, Europe, Middle East and Africa, Asia Pacific
| Companies covered
|| Bemis Company, Sonoco Products Company, Perlen packaging, Uhlmann Group, WestRock, Constantia Flexibles, Schreiner Group
| Customization scope
|| Free report customization with purchase
• By Type
• By Material
• By Technology
• By Geography
o North America
o South America
o Middle East and Africa
o Asia Pacific