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Redding, California - May 2, 2024

Blister Packaging Market to be Worth $34.11 Billion by 2031

Blister Packaging Market by Product (Clamshell, Trapped) Material (PP, PE, PVC, PET, Paper, Aluminum) Technology (Thermoforming, Cold Forming) Application (Pharma, Medical Device, Food) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, 'Blister Packaging Market by Product (Clamshell, Trapped) Material (PP, PE, PVC, PET, Paper, Aluminum) Technology (Thermoforming, Cold Forming) Application (Pharma, Medical Device, Food) - Global Forecast to 2031.'

According to this latest publication from Meticulous Research^®, the global blister packaging market is projected to reach $34.11 billion by 2031 at a CAGR of 8.6% from 2024 to 2031.The growth of this market is attributed to various factors, such as the growth in the pharmaceutical industry, environmental policies to limit packaging waste, rising demand for OTC drugs, and rising adoption of blister packaging in food, electronics, and consumer goods. However, the less suitability of blister packaging for heavy items and longer packaging processes restrain market growth.

Furthermore, the pharmaceutical industry's shifting trend from bottle packaging to blister packaging, innovations in blister packaging, and a rising number of clinical trials are expected to offer growth opportunities. However, changing regulatory compliance and environmental concerns over single-use packaging are major challenges for the market’s growth.

Key Players

The key players operating in the global blister packaging market are Amcor plc (Switzerland), AptarGroup, Inc. (U.S.), Constantia Flexibles (Austria), UFLEX LIMITED (India), Honeywell International Inc. (U.S.), Sonoco Products Company (U.S.), Tekni-Plex, Inc. (U.S.), Ecobliss Pharmaceutical Packaging (Netherlands), Rohrer Corporation (U.S.), Schreiner MediPharm L.P. (Germany), Perlen Packaging (Switzerland), and Henkel AG & Co. KGaA (Germany).

Blister Packaging Market: Future Outlook

The global blister packaging market is segmented by Product (Clamshell Blisters, Trapped Blisters, Face Seal Blisters, and Blister cards), Material (Polymer [Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polyethylene, and Other Polymers], Aluminum, and Paper & Paperboard [Clay-coated board (C1S/C2S), Solid bleached sulfate (SBS), and Other Paper & Paperboards]), Technology (Thermoforming blister packaging and Cold forming blister packaging), Application (Pharmaceutical [Tablets, Capsules, Powders], Medical Devices, Food, Electronics, Consumer Goods, And Other Applications), and Geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.

Among all the products studied in the report, the blister cards segment is projected to grow with the fastest growth over the forecast period. The blister card packaging reduces the risk of damage, maintains the product integrity, and can be customized based on manufacturers’ requirements. Additionally, the blister card packaging has pre-portioned compartments, which reduces the risk of contamination when it comes in contact with the consumer, driving its adoption in the pharmaceutical and cosmetics sectors. Thus, the growing adoption of blister cards in the pharmaceutical, food, nutraceutical, and cosmetics industries is supporting the market growth.

Among all the materials studied in the report, paper & paperboard segment is projected to witness the highest growth rate during the forecast period of 2024–2031. The rapid growth of this segment is attributed to the increased demand for paper-based blister packaging in the food industry for dairy products, premixes, frozen foods, and other products. The growing environmental concerns over the reuse and recycling of materials further drive the demand for paper & paperboard-based blister packaging. Key players are also focusing on the use of paper & paperboard material in the packaging to achieve environmental sustainability goals, thereby driving the demand.

Among all the technologies studied in the report, in 2024, the thermoforming blister packaging segment is expected to account for the largest share of the blister packaging market. Polymers are majorly used in thermoforming blister packaging, and the high conventional usage of polymer materials in blister packaging supports the largest share of the market.

Among all the applications studied in the report, in 2024, the pharmaceutical segment is expected to account for the largest share of the blister packaging market. The pharmaceutical segment is further segmented into tablets, capsules, and powders. The tablet segment is expected to account for the largest share among pharmaceutical applications. Security and safety are the major concerns while packaging tablets. The increasing need for tamper-proof packaging to protect a product's life cycle is raising the demand for blister packs for tablet packaging. Additionally, increasing R&D expenditure by pharmaceutical companies for the research and production of drugs is driving the demand for blister packs for pharmaceutical packaging applications. For instance, according to the European Federation of Pharmaceutical Industries and Associations (Belgium), the pharmaceutical R&D expenditure growth rate in China increased to 15.6% in 2018-2022 from 13.6% in 2013-2017. Also, in Europe, the pharmaceutical R&D expenditure growth rate increased to 4.6% in 2018-2022 from 3.2% in 2013-2017.

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Ireland, Belgium, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa.

Among all the geographies studied in this report, Asia-Pacific is slated to register the highest growth rate during the forecast period. The rapid growth of this segment is attributed to the growth of the pharmaceutical industry in China, India, and South Korea. In recent years, China has encouraged pharmaceutical companies to focus on the research and development of innovative drugs. In recent years, the influx of capital rapidly increased in the pharmaceutical industry. Thus, the rapid growth in pharmaceutical applications, along with other applications, is supporting the market growth.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5834

Key questions answered in the report:

Which are the high-growth market segments in terms of product, material, technology, application, and region/country?
What was the historical market size for the blister packaging market globally?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, challenges, opportunities, and trends in the global blister packaging market?
Who are the major players in the global blister packaging market?
What is the competitive landscape like, and who are the market leaders in the global blister packaging market?
What are the recent developments in the global blister packaging market?
What are the different strategies adopted by the major players in the global blister packaging market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - May 2, 2024

Blister Packaging Market to be Worth $34.11 Billion by 2031

Blister Packaging Market by Product (Clamshell, Trapped) Material (PP, PE, PVC, PET, Paper, Aluminum) Technology (Thermoforming, Cold Forming) Application (Pharma, Medical Device, Food) - Global Forecast to 2031

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