The global thermoformed blister packaging market is projected to grow at a CAGR of 5.13% during the forecast period. Thermoformed blister packs are commonly used for packaging food, consumer goods, and pharmaceutical products. It holds a major share in the market on account of its ease of production and cost-efficiency. Widespread adoption of thermoformed blister packaging technology in food and personal care industry in both developed and developing region has resulted in the increased demand for thermoformed blister products. Good growth of FMCG industry in developing countries due to rapid urbanization and growing population has resulted in an increased demand for packaging solutions that are inexpensive, versatile, and highly reliable, thus driving the thermoformed blister packaging market growth. Also, constant demand for thermoformed blister packaging in pharmaceutical industry is boosting the market growth. Thus, manufacturers are continuously working towards introducing enhanced thermoform films for various end-users.
The Thermoformed 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 Thermoformed 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 Thermoformed 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 Thermoformed 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