by Blister packaging offers product visibility, tamper evidence and ease of use for consumers. It helps extending the shelf life of products like medicines and protects products from damage and leakage during storage and transportation.
The global Blister Packaging Market is estimated to be valued at US$ 17.37 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trend in the blister packaging market is increasing demand from pharmaceutical industry. Pharmaceutical products are majorly packed in blister packs as it provides durability during shipping and storage along with convenient usage. Blister packs for medicines helps maintaining the effectiveness and integrity of drugs by providing barrier against light, moisture and air. Another key trend is development of sustainable blister packaging material made from recycled content or bio-based plastics which offers enhanced protection and is eco-friendly in nature. Advancement in printing and sealing technology provides customized packages with product information and designs which helps brand identification and promotion. Rising awareness regarding effective packaging among consumers and manufacturers across industries will continue drive the demand for blister packaging over the forecast period.
SWOT Analysis
Strength: Blister packaging provides tamper evidence and effective product protection which ensures the quality and integrity of products. It allows easy dispensing of small items and provides visibility to products from the exterior of the pack.
Weakness: Blister packing being high cost packaging solutions, limits its applicability for cost sensitive goods. It is difficult to recycle as it contains mixed materials which increase environmental burden.
Opportunity: Growing pharmaceutical and consumer goods market offer huge growth opportunities for blister packaging. Development of ecofriendly blister packaging materials will further boost its demand.
Threats: Introduction of substitute packaging such as skin packs and sachets pose threat to blister packaging market. Stringent regulations around plastic usage may also restrict the market growth.
Key Takeaways
The Global Blister Packaging Market Demand is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing demand from pharmaceutical industry. Blister packaging provides effective protection and tamper evidence required for drugs and supplements.
Regional analysis: Asia Pacific dominates the global blister packaging market and is anticipated to grow at the fastest rate during the forecast period. It is driven by increasing healthcare expenditure, pharmaceutical production and mushrooming retail sector in emerging countries like China and India. North America also captures significant market share due to well-established pharmaceutical and healthcare industries in the region.
Key players operating in the Blister Packaging market are Amcor PLC, Blisters Inc., Honeywell International Inc., Blisterpak Inc., VisiPak, Sonoco Products Company, Powerpak Industries L.L.C., Clearwater Packaging Inc., Constantia Flexibles GmbH, Westrock Company, and Algus Packaging Inc. Major players focus on development of ecofriendly blister films made from paper, polyethylene and polypropylene to strengthen their market position and cater to sustainability needs.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
