Blister Packaging Market Is Likely To Up Demand At A USD 46.72 Billion By 2030


 San Francisco, 29 Nov 2023: The Report Blister Packaging Market Size, Share & Trends Analysis Report By Material (Paper & Paperboard, Plastic Films, Aluminum), By Technology, By Type (Carded, Clamshell), By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global blister packaging market size is expected to reach USD 46.72 billion by 2030, expanding at 7.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. This market growth is attributed to the increasing demand from healthcare end-use industries for tamper-evident packaging designs provided by blister packaging solutions and their high visibility properties.

This packaging solution is often used for tamper-evident packaging as it provides a sealed and visible container for products, allowing consumers to see if the product has been opened or tampered with. This type of packaging also makes it difficult to replace the product with counterfeit or other harmful substances without breaking the seal, providing an additional layer of protection for consumers.

Moreover, the demand for blister packaging is being driven by advancements in packaging design, including child-resistant packaging configurations, the emphasis on the use of recyclable materials, and the introduction of smart blister packaging solutions to provide information about the product and monitor its usage.

The industry players are adopting several strategies including partnerships, expansions, mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in January 2023, TekniPlex announced an expansion in its product portfolio by launching a highly visible and mid-barrier polypropylene (PE) blister packaging solution to cater to the healthcare end-use industry.

 Access Research Report of Blister Packaging Market @ https://www.grandviewresearch.com/industry-analysis/blister-packaging-market-report

Blister Packaging Market Report Highlights

  • A shift in consumer preference from traditional bottles for healthcare products to tamper-evident designed unit-dose blister packaging solutions and their cost-effective properties is driving the blister packaging industry
  • The blister packaging made up of lightweight plastic films and paper is designed for smaller and lighter products. It cannot pack large and heavy products due to its limited strength and durability, which restrains market growth to a limited extent
  • The plastic films segment is expected to grow at a fast CAGR during the forecast period of 2023-2030. This is attributed to plastic films such as polyethylene terephthalate (PET) and polyvinyl chloride (PVC) offering unique characteristics to the blister packaging solution such as high visibility, lighter weight, and low-cost properties
  • The healthcare end-use segment recorded the highest market share in the base year 2022 due to the wide application of blister packaging in the packaging of generic drugs to protect them from external factors such as moisture and oxygen
  • North America accounted for one of the largest market shares owing to the presence of several healthcare end-user industries such as Merck & Co., Inc.; Abbott; others, and an advanced healthcare system
  • Several key companies are developing new products to strengthen their market positions in the blister packaging industry. For instance, in April 2023, SÜDPACK introducedmono-polypropylene blister packaging which is recyclable for the life science, medical goods, and pharmaceutical industries
  • In January 2023, Amcor plc won the 2023 worldstar global packaging awards in four categories. Amcor received an award for its new HealthCare AmSky Blister System, an aluminum-free and PVC-free blister packaging of daily for dietary supplements and medications

 Blister Packaging Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 28.67 billion

Revenue forecast in 2030

USD 46.72 billion

Growth rate

CAGR of 7.2% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

 

List of Key Players in the Blister Packaging Market

  • Amcor plc
  • Constantia Flexibles
  • UFlex Limited
  • Sonoco Products Company
  • WINPAK LTD.
  • WestRock Company
  • SteriPackGroup
  • Honeywell International Inc
  • Klöckner Pentaplast
  • ACG
  • SÜDPACK
  • Tekni Plex
  • Blisterpack Inc.
  • Abhinav Enterprises
  • YuanPeng Plastic Products Co., Ltd

Access Press Release of Blister Packaging Market @ https://www.grandviewresearch.com/press-release/global-blister-packaging-market

 

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