Blister Packaging Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1726
Blister Packaging Market size will witness a substantial growth in the forecast time frame. It is preformed plastic that is used to pack small consumer goods, food and medicines. The product usually has a back-up of paperboard, or a lidding cover of aluminum foil or plastic. It is used to protect packaged product against external factors such as humidity, contamination and light sensitive products from UV rays. It is widely used to wrap products including tablets, electronic, toy and toothbrush.
Blister packaging will witness huge demand, owing to the upsurge in manufacturing activities and growth in convenient packed goods. Manufacturing industry is increasing by over 15% of global GDP and over 13% of employment which is positively influencing the blister packaging market. It is used in wrapping consumer goods, medicines and food products. It provides ease in product handling along with protecting the goods from climatic conditions and contamination. The transportation of goods become easier with the use of this kind of packaging.
Growing convenience goods sector is boosting the blister packaging market. Goods including toothbrush, cosmetics, electronics and medicines are widely consumed and this packaging makes it easier for the consumers in handling and its usage. These are prominent drivers flourishing blister packaging market to grow at a decent rate. It has also helped the retailers in easy storage, labelling and transportation of goods from one place to another.
Blister packaging market supply chain initiates from suppliers of raw material. After raw material procurement, companies manufacture the product through thermoforming and cold forming processes. It is then packed in different design and is transported to various location for usage. End users of the products are medicines, small consumable goods and cosmetics.
Blister packaging market will face tough competition from pre-fillable syringes. Its popularity in attribute of pre-measured dosage, that reduces the chances of dosing error is increasing the demand in patients. This in turn can restrain the growth of blister packaging market in near future.
Blister packaging market is segmented based on technology such as thermoforming and cold forming. Thermoforming accounts for larger share. On the basis of raw material it is divided as polyvinyl chloride, Aclar, cyclic olefin copolymer, polyvinylidene chloride and polypropylene. PVC material contributes majorly in the market. Various applications of the product include medicines, cosmetics, electronics, toothbrush, stationary and toys.
North America led by US is world’s most acknowledged pharmaceutical hub. It contributes over 40% in global pharmaceutical industry hosting top companies such as Johnson & Johnson, Pfizer, Novartis in the medicine industry on a global basis. The product is widely used to wrap the medicines to protect it from contamination and humidity. With rise in pharmaceutical industry the blister packaging market will surge simultaneously in the region. MEA will witness a noticeable growth in the forecast time frame. The region is world’s fastest growing beauty industry with an anticipated growth of over 6% in the next five years. This packaging is extensively used in packing of cosmetic products such as lip balms and eye makeup. Growing cosmetic usage in these countries will accelerate blister packaging market. Europe is one of the major region for manufacturing industry. It has consumer goods companies such as nestle and HUL, which are leading manufacturer of food items.
Key players in blister packaging market are Bemis, Amcor, Owens-Illinois, Sonoco, West rock, The Dow chemical company, Tekni Plex, Honeywell International, Constantia and Klockner Pentaplast Group. Companies are developing on their packing to attract consumers and grow in blister packaging market. Amcor announced acquisition of Deluxe Packages, the newly formed flexible Americas Business group. Aim of the acquisition was a prospect to accelerate profitable growth. With the acquisition, Amcor’s consumer value proportion in the specialty food wrapping segment will strengthen with a combined east and west coast footprint. The acquisition will even enhance growth in priority sectors and generate strong revenues.
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