by The global cold form blister packaging market size was valued at USD 4 billion in 2022 and is expected to hit around USD 7.96 billion by 2032, poised to grow at a CAGR of 7.13% from 2023 and 2032.
The cold form blister packaging market has witnessed substantial growth, driven by various factors in recent years. This type of packaging is particularly popular in the pharmaceutical and healthcare industries due to its excellent barrier properties and protection against moisture, oxygen, and light, ensuring the integrity of sensitive medications. The increased demand for child-resistant and tamper-evident packaging solutions, coupled with regulatory requirements for pharmaceutical packaging, has fueled the adoption of cold form blister packaging.
Furthermore, the growing prevalence of chronic diseases and the subsequent rise in pharmaceutical production have contributed to the market’s expansion. The versatility of cold form blister packaging in accommodating various product shapes and sizes, along with its compatibility with high-speed packaging processes, has made it a preferred choice for manufacturers. As the pharmaceutical and healthcare sectors continue to evolve, the cold form blister packaging market is poised for sustained growth, driven by the ongoing emphasis on product safety, regulatory compliance, and the need for advanced packaging solutions.
Key Takeaways
- In 2022, Asia-Pacific accounted for over 33% of the revenue share.
- In 2022, the aluminium segment accounted for about 43% of the revenue share.
- The healthcare application category held a dominant position in the market. It is also anticipated that the consumer goods application segment will grow considerably throughout the planned time.
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Report Scope of the Cold Form Blister Packaging Market:
| Report Coverage | Details |
| Market Size in 2023 | USD 4.29 Billion |
| Market Size by 2032 | USD 7.96 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 7.13% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Material and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: High Barrier Packaging Films Market Size to Worth USD 27.11 Bn by 2032
Cold Form Blister Packaging Market Dynamics
Driver:
The cold form blister packaging market is witnessing a substantial surge in demand, driven by increased interest across multiple end-users. This growing demand can be attributed to the versatility and effectiveness of cold form blister packaging in meeting the packaging needs of various industries. From pharmaceuticals to consumer goods, the appeal of this packaging solution lies in its ability to provide a barrier against external factors, ensuring product safety and integrity. The pharmaceutical industry, in particular, is embracing cold form blister packaging for its protective qualities, maintaining the potency and stability of medications.
Simultaneously, other end-users in sectors such as electronics and consumer products are recognizing the benefits of this packaging method for safeguarding their items during transit and storage. As the demand for secure and versatile packaging solutions continues to rise across diverse industries, the cold form blister packaging market is poised for sustained growth, meeting the evolving requirements of multiple end-users.
Restraint:
The packaging for the cold form blister packaging market encounters certain limitations that impact its widespread adoption. One notable constraint is the relatively higher production costs associated with cold form blister packaging compared to other packaging alternatives. The intricate manufacturing process, which involves forming a blister cavity at lower temperatures, often requires specialized machinery and additional production time, contributing to increased overall expenses.
Additionally, the thickness of the material used in cold form blister packaging can result in bulkier packaging, potentially leading to higher transportation costs and storage space requirements. These limitations may hinder cost-effectiveness and competitiveness in certain market segments. To address these challenges, industry players may need to explore technological advancements and process optimizations to streamline production and reduce costs, ensuring that cold form blister packaging remains a viable and attractive option in the packaging landscape.
Opportunity:
The cold form blister packaging market is experiencing a significant upswing, primarily attributed to the increasing application from the food industry. This surge in demand is driven by the food sector’s recognition of the unique advantages offered by cold form blister packaging. Known for its excellent barrier properties and ability to provide an effective protective layer against external factors such as moisture and contaminants, cold form blister packaging ensures the preservation of food products, extending their shelf life.
The pharmaceutical industry has traditionally utilized this packaging method, and its adoption by the food industry underscores a growing awareness of its suitability for perishable and sensitive food items. The robust protection offered by cold form blister packaging aligns with the stringent quality and safety standards in the food sector. As the food industry continues to prioritize product integrity and consumer safety, the cold form blister packaging market stands to benefit significantly from its rising applications in this dynamic and crucial industry.
Recent Developments
- In November 2022, UK-Shawpak, a manufacturer of medical packaging equipment, unveiled its latest Shawpak Rigid Blister Machine. This made it possible for businesses to quickly create their trays. Installing the Shawpak Rigid Blister Machine enabled the company to provide a full range of packaging solutions to its clients in the medical and pharmaceutical industries. One of the newest additions to the Shawpak portfolio is this packaging machine, which the company developed, designed, and produced. One of the machine’s key advantages is that medical device clients can create packaging on order from roll stock without relying on supply chains, giving them complete flexibility. Customers can develop trays in advance due to the quick tool changes that provide full control. This eliminates the need to hold excess stock for months, wasting space and money. By controlling inspection and serialization as packs are created and integrating a company’s supply chain, this equipment helps improve quality control.
Cold Form Blister Packaging Market Players
- Amcor plc
- Bemis Company Inc.
- Winpak Ltd.
- CONSTANTIA
- Svam Toyal Packaging Industries Pvt. Ltd.
- Uflex Limited
- Bilcare Research
- Tekni-Plex
- Essentra plc
- Rollprint.
- Ningbo Dragon Packaging Technology Co Ltd
- Haishun New Pharmaceutical Packaging Ltd.
- Wasdell Packaging Group
- Flexi Pack.
- WISESORBENT TECHNOLOGY LLC
- Accupack
- Aphena Pharma Solutions
- ROPACK INC
- Nuplas Industries.
- Green Pack Foils Pvt. Ltd
Segments Covered in the Report
By Material
- Aluminum
- Oriented polyamide
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
By Application
- Healthcare
- Electronics & Semiconductors
- Consumer Products
- Food & Confectionery
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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