December 23, 2024

Blister Packaging Market Size to Reach USD 41.31 Bn By 2032

The global blister packaging market size reached USD 26.18 billion in 2023 and is projected to hit around USD 41.31 billion by 2032, expanding at a CAGR of 5.2% from 2023 to 2032.

Blister Packaging Market Size 2023 To 2032

The blister packaging market has seen significant growth, influenced by several factors. Blister packaging is a type of packaging that consists of a cavity or pocket made from a formable web, usually a thermoformed plastic or aluminum foil, and a backing material, often paperboard or plastic film. It is widely used for packaging pharmaceuticals, medical devices, consumer goods, and food products. With the increasing demand for convenient, tamper-evident, and protective packaging solutions, there has been a growing adoption of blister packaging across various industries. These blister packaging solutions offer benefits such as product visibility, protection from external factors such as moisture and contamination, and ease of use for consumers.

Moreover, advancements in packaging materials, technologies, and designs have led to the development of innovative blister packaging solutions that cater to specific product requirements and consumer preferences.Additionally, the rise of pharmaceuticals and healthcare sectors, coupled with the growing demand for over-the-counter medications and nutraceuticals, has driven significant growth in the blister packaging market.

Furthermore, the COVID-19 pandemic has underscored the importance of safe and hygienic packaging solutions, driving increased adoption of blister packaging for medical devices, diagnostics, and personal protective equipment (PPE). As industries continue to prioritize product protection, brand visibility, and consumer convenience, the blister packaging market is expected to witness sustained growth, offering opportunities for innovation and expansion in packaging solutions.

Key Takeaways

  • In 2022, the plastic films segment generated the biggest revenue share, almost 44%.
  • With an 84% revenue share in 2022, the thermoforming technology sector has the largest market share.
  • In 2022, the carded blister packing yielded the most revenue share, approximately 56.42%.
  • In 2022, the healthcare sector yielded the biggest revenue share, approximately 64.5%.

Get a Sample: https://www.precedenceresearch.com/sample/2095

Blister Packaging Market Scope

Report Coverage Details
Market Size in 2023 USD 26.18 Billion
Market Size by 2032 USD 41.31 Billion
Growth Rate from 2023 to 2032 CAGR of 5.2%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Product, Technology, Material, Application, and Geography

Read More: Antimicrobial Packaging Market Size to Worth USD 14.39 Bn by 2032

Blister Packaging Market Dynamics

Driver

Cost-effectiveness is a significant factor driving the blister packaging market. Blister packaging offers several advantages that contribute to its cost-effectiveness in various industries.

Firstly, blister packaging is typically made from inexpensive materials such as PVC, PET, or aluminum foil, which are readily available and cost-efficient to manufacture. This makes blister packaging an affordable option for packaging a wide range of products, including pharmaceuticals, consumer goods, and electronics.

Secondly, blister packaging is versatile and adaptable, allowing for efficient use of materials and minimizing waste. The ability to customize blister packs to fit specific product dimensions helps optimize packaging space, reduce excess packaging material, and lower overall packaging costs.

Additionally, blister packaging offers excellent protection and tamper resistance, reducing the risk of product damage or theft during transit and storage. This helps minimize losses due to damaged or stolen goods, further enhancing the cost-effectiveness of blister packaging solutions.

Restraint

One of the challenges faced by the blister packaging market is its unsuitability for heavy items. Blister packaging, characterized by a pre-formed plastic cavity sealed to a backing material, is commonly used for packaging small or lightweight products such as tablets, capsules, or small consumer goods. However, when it comes to heavier items, blister packaging may not provide adequate support or protection during handling, transportation, and storage.

The lightweight nature of blister packaging materials, such as thin plastic films or sheets, may not withstand the weight and pressure exerted by heavy items, leading to deformation, breakage, or failure of the packaging. Additionally, the design and structure of blister packs may not be optimized to accommodate heavier objects, resulting in insufficient stability and security.

Moreover, blister packaging may lack the necessary durability and structural integrity to withstand the rigors of handling and transportation associated with heavy items. This can increase the risk of product damage, leakage, or contamination, compromising product quality and safety.

Opportunity

The adoption of biodegradable packaging is gaining traction in the blister packaging market. Biodegradable packaging materials offer an eco-friendly alternative to traditional plastics, which are often used in blister packaging. With increasing awareness of environmental issues and growing concerns about plastic pollution, there is a growing demand for sustainable packaging solutions across various industries, including pharmaceuticals, consumer goods, and electronics.

Biodegradable materials used in blister packaging, such as bioplastics derived from renewable sources like plant starches or compostable polymers, are designed to break down naturally in the environment, reducing the impact on ecosystems and wildlife. This aligns with the growing preference among consumers and businesses for products and packaging that are environmentally friendly and sustainable.

Moreover, the adoption of biodegradable packaging in the blister packaging market is supported by regulatory initiatives and industry standards aimed at reducing the environmental footprint of packaging materials. Governments and regulatory bodies are increasingly promoting the use of biodegradable and compostable packaging materials through policies, incentives, and awareness campaigns.

Recent Developments

  • In September 2019, Amcor Plc built two e-commerce testing centers in Ghent, Belgium, and Michigan, in the United States. Through the use of eco-friendly and straightforward packaging materials, this expansion will help the company achieve significant growth in online sales.
  • September 2019 will see the launch of recyclable EnviroFlex PE flexible polyethylene packaging by WestRock Company. It can be used for a variety of retail products and satisfy the growing need for environmentally friendly and recyclable packaging.
  • In January 2019, Constantia Flexibles introduced a blister packaging solution for the administration of nutritional supplements, oral dose prescription tablets, and personal hygiene items.

Blister Packaging Market Players

  • Amcor
  • Dowdupont
  • Westrock
  • Sonoco Products
  • Constantia Flexibles
  • Klockner Pentaplast
  • Honeywell
  • Tekni-Plex
  • CPH GROUP
  • Pharma Packaging Solutions
  • Shanghai Haishun

Segments Covered in the Report

By Product

  • Carded
  • Clamshell

By Technology

  • Thermoforming
  • Cold Forming

By Material 

  • Paper & Paperboard
  • Plastic Films
    • PVC/Vinyl
    • PET
    • PE
    • Others
  • Aluminum Foil
  • Others

By Application

  • Healthcare
  • Consumer Goods
  • Industrial Goods
  • Food
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Immediate Delivery Available | Buy This Premium Research Report@ https://www.precedenceresearch.com/checkout/2095

Unlocking Market Insights through Data Excellence 

The “Precedence Statistics” flexible dashboard is a powerful tool that offers real-time news updates, economic and market forecasts, and customizable reports. It can be configured to support a wide range of analysis styles and strategic planning needs. This tool empowers users to stay informed and make data-driven decisions in various scenarios, making it a valuable asset for businesses and professionals looking to stay ahead in today’s dynamic and data-driven world.

To Access our Premium Real-Time Data Intelligence Tool, Visit: 
www.precedencestatistics.com

Web: https://www.precedenceresearch.com/

Leave a Reply

Your email address will not be published. Required fields are marked *