Westford, USA, Feb. 05, 2024 (GLOBE NEWSWIRE) — According to SkyQuest report, the growing number of active cases of various diseases, such as infectious diseases, uncommon diseases, and malignancies, among others, in the world population is pushing the worldwide pharmaceutical industry’s demand for the blister packaging market. Furthermore, the number of cancer and heart disease patients in Canada is increasing.
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Browse in-depth TOC on the “Blister Packaging Market”
- Pages – 157
- Tables – 116
- Figures – 77
Furthermore, key factors are poised to propel the pharmaceutical packaging industry towards rapid growth in the blister packaging market. Continuous packaging technology advancements enhance the efficiency and safety of drug delivery systems, offering innovative solutions to meet evolving healthcare needs.
Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 25.80 Billion |
| 2030 Value Projection | USD 42.71 Billion |
| CAGR | 6.50% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in Global Blister Packaging Market
- Amcor Limited
- Sonoco Products Company
- Bemis Company, Inc.
- WestRock Company
- Constantia Flexibles Group GmbH
- Klockner Pentaplast Group
- Honeywell International Inc.
- Display Pack Inc.
- Huhtamaki Group
- Tekni-Plex, Inc.
- Rohrer Corporation
- Winpak Ltd.
- Uflex Limited
- Essentra plc
- Montaplast GmbH
- Starview Packaging Machinery, Inc.
- Clearwater Packaging, Inc.
- Blisterpak, Inc.
- Tekpak Solutions
- VisiPak
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Carded Segment is Expected to Rise Significantly due to its Versatile Nature
The carded category currently holds the lion’s share of the market, and it is poised to exhibit a significant CAGR during the forecast period in the global blister packaging market. This robust growth is attributed to its versatile nature, which allows it to adopt various shapes, accommodate multiple items, and offer superior protection against damage.
North America currently holds a dominant position in the blister packaging market, and this trend is expected to persist throughout the forecast period. The region’s supremacy in this market can be attributed to its well-developed and established end-user sectors, particularly in healthcare and pharmaceuticals.
Thermoforming Segment is Expected to Dominate Market due to its Versatility across a Broad Spectrum of End-Use Sectors
Thermoforming segment dominates the blister packaging industry, primarily due to its versatility across a broad spectrum of end-use sectors, including the food and healthcare industries. Thermoforming is preferred for blister packaging compared to cold forming technology, primarily due to its cost advantages in terms of initial tooling and equipment expenses.
Asia-Pacific is anticipated to experience the most rapid growth in the blister packaging market during the forecast period. This dynamic expansion can be attributed to several key factors. Firstly, the region is witnessing substantial urbanization, industrialization, and an increasing preference for convenient packaging solutions, all driving the demand for blister packaging. Furthermore, the growth and diversification of various end-user industries, including the packaging sector, present desirable and lucrative market growth opportunities.
A comprehensive analysis of the blister packaging market’s major players has been conducted recently. The report encompasses various aspects of the market, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in Global Blister Packaging Market
- In 2022, Amcor made a significant announcement by introducing its innovative packaging solution, AmLite Ultra Recyclable blister packaging. This development marked an important step towards sustainability in the industry, as the packaging boasts high barrier properties to safeguard products and is fully recyclable. This initiative aligns with Amcor’s commitment to environmental responsibility and reducing its carbon footprint.
- In 2022, Sonoco unveiled its ClearGuard blister packaging designed specifically for food products. These blister packs offer a distinctive advantage by providing transparent visibility of the enclosed product, ensuring consumers can easily see what they are purchasing.
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Key Questions Answered in the Global Blister Packaging Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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