Blister packaging is a transparent, portable packaging material, with a flat base and raised cover of plastic, which is tamper-evident and resistant to moisture, protecting the product from damage. The global blister packaging market size is estimated at USD 24.1 billion in 2020 and is projected to reach USD 34.1 billion by 2025, at a CAGR of 7.2%, between 2020 and 2025.
The product to be packed is attached to the base substrate, which could be paperboard, rigid plastic, or aluminum foil. A molded, transparent plastic film is sealed to the base substrate through the heat-sealing process. The transparent plastic film offers high visibility of the product.
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Market Dynamics
- Driver: Cost-effectiveness
- Restraint: Not suitable for packaging heavy items
- Opportunity: Emerging economies offer high growth potential
- Challenges: Compliance with stringent regulations
Blister Packaging Market Key Players
The key players in the blister packaging market are as Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US). The blister packaging market report analyzes the key growth strategies adopted by the leading market players, between 2015 and 2020, which include expansions, merger acquisition, new product developments, and collaborations.
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Amcor Plc (Switzerland) was formerly known as Australian Paper Manufacturers (APM) and it changed its name to Amcor Plc in May 1986. Amcor Plc is a global packaging manufacturer that offers innovative packaging solutions. It offers plastic, packaging film, metal, and glass packaging for several industries such as beverage, food, medical, household, industrial goods, pharmaceuticals, and tobacco. Amcor Plc is currently focusing on reducing the packaging footprint by making the packaging lighter, increasing recycling of raw materials, developing efficient transport packaging and re-closable packaging, and creating packaging sustainable to heat treatment. The company has operations in 43 countries in Europe, North America, and emerging countries such as India and China with more than 180 operating sites.
Dow (US) has a diversified product portfolio. The company deals with the supply of raw materials to manufacturers. It caters to the paints coatings, advanced materials, agro sciences, feed stocks, and energy plastics industries. It also serves other industries such as building construction, electronics, automotive, furniture, and housewares.
It operates in over 180 countries and is one of the biggest chemical companies in the world in terms of revenue. The company manufactures more than 5,000 products across 214 sites in 37 countries, globally. It faces competition from Amcor Plc (Switzerland).
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“Healthcare is the largest end-use sector segment of the blister packaging market.”
The healthcare segment is the largest end-user market segment of the blister packaging market followed by the consumer goods segment. In the healthcare industry, blister packaging is required to reduce the possibility of product contamination and provide protection to healthcare products from moisture, gas, light, and temperature. All these factors are driving the demand for blister packaging in the healthcare end-user industry.
“APAC is the fastest-growing market for the blister packaging market.”
APAC is expected to register the highest CAGR during the forecasted period owing to factors such as rising disposable income, growing middle-class population, high consumption of visibility products, and the growth of end-use sectors such as healthcare, food, and consumer industrial goods will drive the blister packaging market over the forecast period.
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Key Features of the Blister Packaging Market Report
➤ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Ceramic Sanitary Ware industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
