The Blister Packaging Market is expected to reach USD 41.1 billion by the year 2030 from $ 24.1 billion in the year 2020. It is expected to grow at a CAGR of 7.2 % during the forecasted period.
Blister packaging is a type of pre-formed plastic packaging that consists of a thermoformed plastic cavity and a paper or aluminium foil back. This style of packaging allows customers to see a big portion of the content while keeping it safe from heat, UV radiation, humidity, and contamination. As a result, cartons are no longer required, and packaging expenses are reduced. It is also widely used for packaging toys, consumer products, food, and medications since it allows for ease product handling and transportation.
Because blister packing provides a higher barrier to tampering, it is widely employed in the pharmaceutical and non-pharmaceutical industries. The ease of mobility and convenience element associated with carded and clamshell blister packs make them a popular choice among consumers. As demand for branded and generic medications continues to rise, the global blister packaging market is expected to see a significant increase post-pandemic.
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Blister packaging solutions are moulded plastic pieces that are usually sealed to a sheet of paper or aluminium and are used to package things like tablets or large quantities of low-cost consumer electronics. Plastic substrates as a forming film and paper & paperboard or aluminium as lidding materials are the most common materials utilised in this type of packaging. This sort of packaging has a number of advantages over other packaging options, including cost savings, ease of handling, and protection for each individual wrapped item.
Global Blister Packaging Market- Segmental Analysis
Based on Product type:
There are two types of product in this segment:
- Clamshell
- Carded
By Technology:
The market for blister packaging based on technology is further classified into two:
- Cold Forming
- Thermoforming
Based on Materials
The segmentation based on Materials is further classified into:
- Plastic films
- Aluminium
- Paper & Paper board
End-user Segment Analysis
The market for blister packaging is growing and the most important end-user segment is pharmaceuticals and healthcare. With the effects of the pandemic, the need for safe and cost-effective packaging solutions is a necessity for the pharma sector. This has risen the demand for blister packaging which keeps away moisture and UV rays from affecting the pharma products.
Other sectors such as Consumer Goods and the Food industry too form a part of the end-user segmentation for blister packaging market.
Competitive Landscape
Blister packaging industry is quite fragmented. Mergers and acquisitions, along with partnerships have ensured that strategies keep changing for vendors. The strategies become critical for product development that can be accepted by end-user segment. Materials required for packaging undergo strict quality tests to ensure that contamination cases do not arise for impacting health of consumers.
January 2020 saw the partnership between Moda and Amcor for offering innovative solutions for packaging. Both have the capability of offering different innovations and solutions for flexible packaging. Both provide new resources for helping in gaining and thereby strengthening their position in the industry with regards to flexible packaging.
Again in January 2020, the AptarGroup which is a leader among the material science and packaging solutions sector, established an integrated Active Blister Packaging perfect solution that combined oxygen scavenging and moisture absorption capabilities. This will help in providing integrated solutions of the highest level for the industry of pharmaceutical products.
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Q8. Which region holds the maximum market share of the Blister Packaging Market?
Q9. How will the COVID-19 pandemic impact the Blister Packaging Market in 2021?
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