India blister packaging market is expected to grow from US$388.502 million in 2018 to US$676.371 million in 2024 at a CAGR of 9.68%. India is one of the leading markets for packed food in the world and with the increasing disposable income couple with rapid urbanization the market for blister packaging across different industry verticals is expected to witness substantial growth during the forecast period. In addition, expanding pharmaceutical industry and rising government initiative by making amendments in Foreign Direct Investment inflow in pharmaceutical industry is anticipated to boost the adoption of blister packaging in the coming years. For instance, the allocation to Ministry of Health and Family Welfare by the Government of India has increased by 13.1% to US$ 8.98 billion in Union Budget 2019-20.
Moreover, the government of India also revealed Pharma Vision 2020 aimed at making India a global leader in drug manufacture. In India, pharmaceutical segment holds dominant share and is expected to grow at a compound annual growth rate of 10.15%. India is considered as one of the fastest growing manufacturing hub in the world and is expected to grow significantly over the next five years which is anticipated to widen up the growth opportunities for consumer goods blister packaging during the forecast period.
The India 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 and end user.
The Indian blister packaging market has been segmented by type, material, technology, end user 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, market is segmented as cold-form and thermoformed. By end user, the market has been classified into consumer goods, food and pharmaceutical.
Major players in the India blister packaging market such as Bemis Company, Sonoco Products Company, Uhlmann Group, Schreiner Group, Constantia Flexibles, Dow Chemical Company, WestRock, Uniworth Enterprises LLP, and Uflex Limited 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 India blister packaging market.
• By Type
• By Material
• By Technology
• By End-User
o Consumer Goods