Introduction
Blister packaging refers to a pre-formed plastic packaging which comprises of a cavity that is made using a thermoformed plastic and a paper or aluminum foil back.
The market growth is owing to the rising demand for medical tablets along with development of innovative packaging solutions.
However, less suitability of this packaging for heavy items, stringent government regulations and standard can also restrain growth of the blister packaging market.
Despite the current pandemic situation, the industrial end-users of this market is recovering to operate in full capacities from 2021 beginning. But, the increased demand from pharmaceutical end-user is expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Growing pharmaceutical industry in emerging economies
10.2 Tamper-evident design for product protection
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Amcor
15.2 WestRock Company
15.3 Sonocco Products Company
15.4 Constantia Flexibles
15.5 Klockner Pentaplast Group
15.6 DuPont
15.7 Honeywell International
15.8 Tekni-Plex
15.9 Display Pack
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global blister packaging market is expected to grow to $35.60 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 7.67% CAGR.
The growing need for convenient and tamper-free packaging has proliferated the demand for blister packaging in the pharmaceutical industry.
APAC is expected to grow at the highest CAGR during the forecast period due to the rapid expansion of end-use sectors such as healthcare, food, and consumer & industrial goods sectors.
Key Trends
The use of innovative technologies in blisters, such as radio frequency identification tags (RFID) is likely to provide lucrative opportunities for market demand in future.
Increasing Investment in R&D activities is anticipated to propel the demand.
The growing need for compliance with safety regulations, coupled with increased demand for convenient and easy-to-use packaging products is expected to fuel the market demand.
Key Market Players
Some of the key players in the market are Amcor, WestRock Company, Sonocco Products Company, Constantia Flexibles, Klockner Pentaplast Group, DuPont.
The industrial players are adopting several growth strategies to strengthen their position in the market: expansion, new product development, merger & acquisition.
Companies are also adopting collaborative business strategies owing to key factors such as, to increase their productivity, providing highly regarded products to consumers, and expanding their regional presence.
Growth Drivers and Challenges
The growing pharmaceutical industry in emerging economies is driving the market growth.
The Cost-effectiveness of blister packaging is driving the market.
Tamper-evident design for product protection is one of the drivers of the market