Blister Packaging Market to reach USD 42.49 Bn. by 2029 Blister packaging in pharmaceutical applications to create a market opportunity worth USD 20 billion by 2029.
Pune, Dec 14, 2022: Maximize Market research, a global consumer goods and services intelligence firm, has published a market intelligence report on Blister Packaging and the report is available for purchase.
Blister Packaging Market Report Scope & Research Methodology:
The Blister Packaging Market report includes product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national and international policies, industry planning analysis, and the most recent dynamic analysis, among other things. Primary and secondary research is used to identify major firms in the Blister Packaging industry, while primary and secondary research are used to calculate their market revenues. Primary research included interviews with important public intellectuals and industry specialists such as skilled front-line personnel, entrepreneurs, and marketing professionals, while secondary research included a review of annual and financial reports from leading manufacturers.
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Blister Packaging Market Overview:
Consumer demand for pharmaceuticals has shifted away from traditional bottles and toward unit-dose blister packaging. In the healthcare business, blister packs are used to package pharmaceuticals and medical equipment. They also have a wide range of additional uses in the culinary, industrial, and consumer product industries. Blister packaging also makes a good hang-hook display, uses less packing resources, and occupies less shelf space. Because blister packs are less costly than other types of packaging, such as hard bottles, they are also more cost-effective.
Blister Packaging Market Dynamics:
Increasing healthcare spending and the need for a wide range of pharmaceutical treatments throughout the world have prompted pharmaceutical companies to turn to outsourcing, also known as contract development manufacturing, to take medications on a larger scale. Companies that provide contract development and manufacturing services include active pharmaceutical ingredients (API), medical product development, and packaging. Leading pharmaceutical companies all around the world are aggressively expanding their outsourcing activities to reduce the production, packaging, and complexity of drug manufacturing. This current outsourcing tendency also increases the number of blister-packed prescription drugs produced. All of these reasons are expected to drive blister packaging market expansion over the forecast period.
Blister Packaging Market Regional Insights:
With a market share of around 43% in 2021, Asia Pacific led the blister packaging industry. The region’s dominance is mostly due to the region’s strong economic progress and the pharmaceutical sector’s great opportunities. The presence of several pharmaceutical prescription plants in the area, as well as the big population, is driving the product demand. Apart from being home to around 60% of the world’s population, the area is a manufacturing powerhouse for the electronics and other consumer electronics sectors. as healthcare expenditures rise and disposable income rises, the blister packaging sector is growing in China, South Korea, and India.
India is one of the major producers and exporters of pharmaceuticals in the Asia-Pacific area. Manufacturers with cheap production and packaging costs in India are more inclined to grow their business there. The IBEF Organization estimates that India’s pharmaceutical exports in 2019 were US$ 16.2 billion. Similarly, rising commercial and governmental sector investment in pharmaceutical research and development in India has resulted in large gains in drug output. Furthermore, as a consequence of government measures, India is ready to produce both generic and branded medications on a huge scale. All of these variables create enormous growth potential.
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Blister Packaging Market Segmentation:
By Type:
- Carded
- Clamshell
By Material Type:
- Plastic
- Paper
- Aluminum
By End-user:
- Food
- Consumer Goods
- Pharmaceutical
- Others
By Packaging Machine:
- Roller Type
- Roller-Plate Type
- Plate Type
By Technology:
- Thermoforming
- Cold Forming
Blister Packaging Market Key Competitors:
- Amcor Limited
- Bemis Company, Inc.
- The Dow Chemical Company
- WestRock Company.
- Sonoco Products Company
- CONSTANTIA
- Klöckner Pentaplast
- DuPont.
- Honeywell International Inc.
- Tekni-Plex.
- DISPLAY PACK.
- Perlen Packaging
- Winpak Ltd
- Nosco Inc.
- ACG.
Key Questions answered in the Blister Packaging Market Report are:
- What is the competitive scenario of the Blister Packaging Market?
- How much blister packaging is utilized in the pharmaceutical industry?
- Which packaging machine is preferred by manufacturers?
- What is the most commonly used material for blister packaging?
- What is the supply chain situation in the market?
- Which are the key factors aiding the Blister Packaging Market growth?
- Which region is expected to hold the largest share of the Blister Packaging Market by 2029?
- What will be the CAGR of the Blister Packaging Market during the forecast period?
- Which application segment is expected to emerge as the leading segment in the Blister Packaging Market?
- Which product segment held the largest share of the Blister Packaging Market in 2021?
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