The Global Blister Packaging Market is expected to grow at a compound annual growth rate of 5.84%
Knowledge Sourcing Intelligence announces the publication of a new report on Global Blister Packaging Market Size from 2020 to 2026 to their offering.
As per the report, the market pertaining to the blister packaging market is expected to reach US$13.223 billion in 2026, from US$9.402 billion in 2020.
Blister packaging is the pre-formed plastic packaging where its cavity is made of the thermoformed plastic and paper with aluminium foil back. Blister packaging is in high demand globally and is witnessing the rise in the sales footprint owing to it wide number of applications such as packaging of consumer goods, food, and pharmaceuticals as it protects the contents from humidity, contamination and opaque blister packaging aid in protection of contents against the UV rays and heat for an extended period of time, blister packaging is also cost-effective and has increased graphics area. Properties and applications of the blister packaging is aiding the blister packaging market to gain traction.
The upsurge in the demand for the level of product safety, product integrity and extended shelf life is making the blister packaging as the practical option. The sharp rise in demand of the consumer food, food and medicines is driving the blister packaging market. During the Covid-19 pandemic, many consumers became aware and conscious about their health which increased the demand for the medicines and other pharmaceutical drugs, the surge in demand for the consumer goods and food was also being noticed which increased the requirement and demand of the blister packaging.
The substantial growth in the prescription and over the counter (OTC) drugs market and the increase in focus towards the medicine adherence and patient compliance by the pharmaceutical industry which is one of the main drivers for the blister packaging market growth and is increasing the demand of the blister packaging across the globe. The industry is pressurized to use the packaging that is hard to imitate and distinct which acts as the effective method of anti-counterfeit. The industry is also demanding the suitable packaging for all variant atmosphere. The pharmaceutical industry widely uses the wallet type blister packaging for clinical trials, packaging and drug promotion which is leading to the wallet type packaging to grow at the fastest rate.
The rise in the demand of the blister packaging is motivating the manufactures to innovate the packaging with the help of technology to widen the product differentiation advantages. The manufactures are collaborating with the technology companies to modernize the blister packaging to update the transportation and packaging. The use of technology such as Radio Frequency Identification Tags (RFID) in blister packaging along with the seal ap. plied in the outer packaging, this provides the individual security throughout the supply chain. The Food and Drug Administration (FDA) passed a regulation in 2018 for all the prescribed pharmaceuticals sold in the hospitals and nursing homes to be packaged in the unit dose format with barcodes in order to reduce dispensing errors, which is expected to benefit the blister packaging market in the country.
The blister packaging is easy-to-use, has convenient packaging and complies with the safety regulation. By type the blister packaging market is segment as slide, wallet and compartment. Compartment type holds a major share in the market due to its widespread use in the industries such as retail, food and healthcare and other personal care. The growing demand for the packed food, consumer products and pharmaceutical drugs due to the improving economic conditions and the rise in disposable income of the growing population is expected to boost the blister packaging market especially the compartment type of the packaging.
By geography, the global blister packaging is segmented as South America, North America, Europe, Asia and Middle East & Africa. The Asia Pacific Global Blister Packaging is dominating the market owing to the growth in the number of manufacturing industries especially in the developing countries such as China and India and urban urbanization. Whereas, in North America, with the rise in the health awareness and concerns is rising the expenditure on the drugs by the individuals
As a part of the report, the major players operating in the athleisure market, which have been covered are Amcor Limited, Sonoco Products Company, Klöckner Pentaplast Group, Ecobliss Holding BV, WestRock, Honeywell International LLC, Dow Chemical Company, Tekni-Plex Inc., VisiPak, Mister Blister, Constantia Flexibles, Catty Corporation, Powerpack Industries LLC, Schreiner Group, Vinpac Innovations, Uniworth Enterprises LLP, Luoyang Dirante Pharmaceutical Packaging Material Co., Ltd., Hangzhou Xunda Clamshell Packaging Co., Ltd. And Perlen Packaging.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-blister-packaging-market
This report segmented the athleisure market on the basis following terms
- Consumer Goods
- United Kingdom
Middle East and Africa
- Saudi Arabia
- South Korea
- North America
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