Blister Packaging Market by Technology (Thermoforming and Cold Forming), Material Type (Plastic Films, Paper & Paperboard, and Aluminum), End User Industry (Medical and Pharmaceutical, Consumer Goods, Industrial Goods, Food, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026220 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 26.0 billion mark in 2022 and is expected to hit US$ 48.5 billion by 2030, recording approximately a CAGR of 7.0% during the forecast period.

Blister packaging has been significantly rising with the increasing demand for pharmaceutical products

Blister packaging is utilised mainly in pharmaceutical industry for packaging of oral drugs. It is made of molded plastic components, paper or aluminum and protects the content from heat, ultraviolet radiation and humidity. Moreover, blister packaging eliminates the requirement of cartons and minimizes cost of packaging. In addition, it is widely used in a variety of industrial applications including consumer goods, food and beverages. The Covid-19 pandemic had positive impact on pharmaceutical sector due to severe healthcare emergency. Therefore, various pharma-manufacturers have adopted pandemic-driven reforms and scaled up their technological and production capabilities. According to the Organisation for Economic Co-operation and Development (OECD), the average per capita spending in OECD countries namely, Brazil, China, India, Indonesia, and South Africa, etc. was estimated to be US$ 4000. The surging demand for medicinal tablets, expansion of generic products and creative packaging techniques is anticipated to increase the blister packaging market.

Within the report, the market is segmented into technology, material type, end use industry, and geography. By technology, the market is further segmented into thermoforming and cold forming. Based on end use, the market is divided into packaging, consumer products, construction, automotive, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

 

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Increased demand of aluminum blister packaging

The blister packaging made from aluminum foil possess broad range of mechanical properties, along with wide pharmaceutical applications such as orally administered including tablets and capsules. Moreover, aluminum blister packs are utilized mainly to meet high barrier performance packaging requirement such as for light sensitive formulations and ointments. The aluminum form of packaging solutions has better moisture protection properties, thus forecasted to drive the aluminum blister packs demand. Moreover, the development in aluminum forms of packages, regarding ease of handling and improved strength, is projected to increase aluminum foil blister packages demand over the forecast period.

 

Rise in investment is projected to accelerate blister packaging market

The key pharmaceutical players have made hefty investments in the research and development to expand product portfolio and support innovations. Forecasting the current market requirement and competitive landscape, the pharmaceutical manufacturers are investing in novel drug development. For Instance, Novartis AG, Johnson & Johnson, and AstraZeneca are focused on development of more than 200 pharma-products. Therefore, this upsurge in research and development activities, including pharmaceutical tablets, oral form drug launches by small and large-scale producers is forecasted to increase the demand for blister packaging.

 

Recent strategic developments in the blister packaging market

The blister packaging market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, Huhtamaki Oyj launched an aluminum-free, mono-material PET blister lidding, Push Tab blister lid. The product aims to fulfill stringent packaging safety requirements of pharmaceutical and healthcare industries.
  • In January 2021, Sonoco Products Company partnered with Integrated Systems, Inc. The partnership aimed to create advancement in automation and improve manufacturing efficiency.
  • In January 2020, AptarGroup Inc. launched active-blister packaging. The developed solution has moisture absorption and oxygen scavenging properties, providing solution for highly moisture and oxidation sensitive pharma-products.

The blister packaging market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Amcor Plc., WestRock Company, Sonoco Products Company, Constantia Flexibles International GmbH, and KP Holding GmbH & Co. KG are among the prominent players operating in the market.

 

Target audience for the report:

  • Raw material providers
  • Blister packaging-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of blister packaging
  • Research institutes, organizations, and consulting companies
  • Pharmaceutical organizations, healthcare industries
  • Blister packaging manufacturers

 

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Technology:
    • Thermoforming
    • Cold Forming
  • Material Type:
    • Plastic Films
    • Paper & Paperboard
    • Aluminum
  • End User Industry:
    • Medical and Pharmaceutical
    • Consumer Goods
    • Industrial Goods
    • Food
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Amcor Plc.
    • WestRock Company
    • Sonoco Products Company  
    • Constantia Flexibles International GmbH   
    • KP Holding GmbH & Co. KG   

Companies profiled

- Amcor Plc.
- WestRock Company
- Sonoco Products Company
- Constantia Flexibles International GmbH
- KP Holding GmbH & Co. KG

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