The global blister packaging market reached a value of US$ 20.7 Billion in 2018. 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. This type of packaging displays a large part of the content to consumers while protecting it from heat, UV rays, humidity and contamination. Due to this, it eliminates the need for cartons and helps in reducing packaging costs. Additionally, as it provides easy product handling and transportation, it is extensively used for packing toys, consumer goods, food and medicines.
The growing need for convenient and tamper-free packaging has proliferated the demand for blister packaging in the pharmaceutical industry. Moreover, factors like rising demand for unit dose packaging, sales of OTC drugs and monitored dosage system for improving patient compliance are providing a thrust to the market growth. Further, technological advancements in the pharmaceutical and food industries have enabled manufacturers to incorporate radio-frequency identification (RFID) tags in blister packs for simplifying supply-chain management. In addition, products like child-resistant packaging with push-through, peelable, pressure-sensitive and anti-lock mechanism are modifying the production methods. Some of the other factors driving the market include rising prevalence of life style diseases, ageing population, stringent regulatory requirements and increasing demand of generic drugs. Looking forward, IMARC Group expects the market to reach US$ 29.5 Billion by 2024, expanding at a CAGR of around 6.1% during 2019-2024.
Breakup by Product Type:
Currently, carded blister packaging represents the most popular product type. It is commonly utilized in the packing of medicines, food products and small consumer goods due to its cost-effectiveness and the ability to be formed in different shapes.
Breakup by Raw Material:
Amongst these, polyvinyl chloride (PVC) is the most popular raw material, accounting for the majority of the total market share. PVC is used owing to its light weight, low cost, excellent barrier properties and inert nature.
Breakup by Technology:
At present, thermoforming technology is widely used for manufacturing blister packs and holds most of the market share.
Breakup by End-Use:
On the basis of end-uses, the healthcare sector accounts for the majority of the total market share.
North America enjoys the leading position in the industry, on account of the growing shift from plastic bottles to blister packaging in the healthcare sector coupled with the rising demand for packaged food products in the region.
The competitive landscape has also been analyzed in the report along with the detailed profiles of the leading market players. Some of them include:
Key Questions Answered in This Report:
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