Blister Packaging Market is expected to reach US$ 22.9 Bn by 2031

The global blister packaging market has been growing at a fast rate and is projected to reach US$ 22.9 Bn by 2031 with an increase from the pharmaceutical sector creating massive demand for these types of products in particular - especially when considering how carded or clamshell blisters fulfill precise needs which makes them more popular among players than flat-bottomed containers like tubs do.

The demand for blister packaging is set to reach 5.18 thousand tonnes in 2021, according to a new study by ESOMAR-certified market research and consulting firm, Future Market Insights. A higher preference for blister packaging over carton boxes in the pharmaceutical industry continues to fuel demand primarily. Blister packaging sales are also complemented by growing demand from food, consumer goods, and veterinary industries.

While the steady growth of the pharmaceutical industry is pushing the demand-supply curve upward, various guidelines for pharmaceutical packaging are further catalyzing the growth of blister packaging manufacturers. For instance, as per the FDA guidelines, pharmaceutical packaging must-have features that prevent mix-ups and cross-contamination, and specify procedures for examining packaging for suitability before packaging operations. Blister packaging fulfils all these criteria and hence it has high demand in the pharmaceutical sector.

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According to the India Brand Equity Foundation (IBEF), India is the largest provider of generic drugs globally, while Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K. Although pharmaceutical sector holds major pie of value share in the global market, consistently increasing demand for blister packaging is also attributed to its cost-effectiveness.

According to Future Market Insights (FMI), the future growth outlook for global blister packaging market seems promising as expenditure on healthcare and pharmaceutical across the globe is on significant surge.

Leading Companies Profiled in Blister Packaging Market are

Amcor plc
Constantia Flexibles GmbH
Sonoco Products Company
Winpak Ltd.
West Rock Company
Honeywell International, Inc
Uflex Ltd
Tekni-Plex, Inc
ACG Pharmapack Pvt. Ltd.
Klockner Pentaplast Group
SteriPack Group
Key Takeaways from Blister Packaging Market Study

Carded blister packaging remains lucrative, capturing over 55% share
Pharmaceutical segment to maintain the lead in terms of end use, holding over one-third share
High demand for thermoforming technology in manufacturing blister packaging to fuel sales
By material, plastic and aluminium collectively projected to hold over 75% of market share
The United States to remain at the epicentre, holding over 84% market value
The United Kingdom, Germany, France, China, and a few others to emerge lucrative for the suppliers
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"Leading manufacturers operating in the global blister packaging market are consistently enhancing blister packaging format by incorporating advanced packaging technologies such as thermoforming and cold forming. Furthermore, the rise in demand for blister packaging with high barrier film for excellent air, moisture, and light resistance is expected to further propel the growth of the blister packaging manufacturers in the near future," says an FMI analyst.

Key Segments Covered in Blister Packaging Industry Research

Blister Packaging Market by Product Type:

Clamshell
Carded
Blister Packaging Market by Technology Type:

Cold Forming Technology
Thermoforming Technology
Blister Packaging Market by Material Type:

Plastic
PVC/Vinyl
PET
PE
Others
Aluminum
Paper & Paperboard
Others
Blister Packaging Market by End-Use:

Food
Pharmaceuticals
Veterinary & Nutraceuticals
Medical Devices
Electronics & Electricals
Industrial Goods
Consumer Goods
Blister Packaging Market by Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Ex. Japan (APEJ)
Japan
Middle East and Africa (MEA)
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Competitive Landscape

When it comes to protecting the highly sensitive medicines, high barrier packaging films play a crucial role. On the back of this factor, leading packaging companies operating in the global blister packaging market are introducing blister packaging made up of high barrier packaging films that maintain the integrity and quality of tablets and capsules against moisture and oxygen.

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

This release was published on openPR.