The Global Blister Packaging Market Primed for Growth due to Rising Demand for Convenient Packaging

-

The blister packaging market involves manufacturing of pre-formed, clear or opaque rigid plastic packaging containing a product usually packaged for individual sale. Blister packaging provides effective protection and visibility for the packaged product. It also extends product shelf life through moisture, gas, and microbe barrier protection.

The Global Blister Packaging Market is estimated to be valued at US$ 20.02 billion in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period of 2024 to 2030.

Key Takeaways
Key players operating in the blister packaging market size include BASF SE, DuPont, American Elements, Cabot Corporation, ZeniMac Exim, Southern Carbon Chemical, Reade Manufacturing Company, and The Shepherd Chemical Company. Blister packaging provides efficient branding and merchandising opportunities for manufacturers which is attracting many new players in the industry. The global blister packaging market is witnessing expansion opportunities in emerging markets of Asia Pacific and Middle East & Africa owing to growing pharmaceutical and food industries in these regions.

Key players operating in the blister packaging market are BASF SE, DuPont, American Elements, Cabot Corporation, ZeniMac Exim, Southern Carbon Chemical, Reade Manufacturing Company, and The Shepherd Chemical Company. Blister packaging provides efficient product protection along with visibility and branding opportunities for manufacturers. This is attracting many new players to invest and expand in the global blister packaging market. The Asia Pacific region especially China, India, and other Southeast Asian countries are expected to offer high growth opportunities owing to growing pharmaceutical and food industries in the region. Countries like Brazil, South Africa, Mexico are also anticipated to provide expansion opportunities in the Middle East and Africa region.

Market drivers: The key driver for the growth of global blister packaging market is the rising demand for convenient packaging from pharmaceutical and food & beverage industries. Blister packaging provides effective tamper evidence and improves product visibility which drives its adoption. It extends product shelf life through protection against moisture, gas, and microbes. This drives its preference over conventional packaging types.

Market restraints: High raw material costs can restrain the growth of global blister packaging market. Plastic raw materials used for manufacturing blister packs have witnessed price fluctuations which increases production costs. Shift towards sustainable packaging using bio-based and recyclable materials also poses challenges. Strict regulatory norms regarding packaging material disposal can hamper market growth.

Segment Analysis
There are two main segments in the blister packaging market - plastic blisters and aluminum blisters. Plastic blisters dominate the market as they are cheap, light in weight and available in variety of shapes and sizes. Plastic blisters are ideal for packaging tablets, capsules and other small medical items. Their usage has increased in pharmaceutical industry as they provide effective protection and moisture resistance to small medicines during transportation and storage. Another emerging segment is clam shells which are plastic or paperboard folding carton with a peelable lidding. Clam shells are commonly used for packaging consumer electronics accessories like batteries, computer chips etc.

Regional Analysis
North America region holds the major share in blister packaging market owing to well-established pharmaceutical industry and presence of leading medical devices manufacturers. The demand is highest from US which accounts for over 40% of the global pharmaceutical sales. Asia Pacific region is fastest growing market for blister packaging due to increasing contract manufacturing of pharmaceuticals and expanding healthcare infrastructure in countries like India and China. Additionally, thriving electronics and consumer goods industries are driving the consumption of blister packs in Asia Pacific region.

Comments

Post a Comment

Popular posts from this blog

The global Calcium Citrate Malate Market Growth Accelerated by Expanding Applications

-
Image
Calcium citrate malate is an essential mineral compound that provides calcium and supports bone health. Calcium citrate malate supplements help maintain healthy bones and teeth as we age. They support calcium absorption and distribution throughout the body. The global Calcium Citrate Malate Market is estimated to be valued at US$ 334.08 Mn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expanding applications of calcium citrate malate are expected to drive the market growth over the forecast period. Calcium citrate malate supplements are increasingly being used to prevent and treat osteoporosis. They are especially recommended for people who cannot digest lactose or avoid dairy products. The compound is also finding wider use in functional foods and beverages with added calcium and minerals. Manufacturers are developing various product formats like...
Read more

Labor Productivity Tracking Market Growth Accelerated by Remote Work and Digitalization Trend

-
Image
Labor productivity tracking solutions help businesses and organizations track employee productivity in real-time. These solutions offer features like time tracking, activity monitoring, goal setting, resource allocation, attendance logging, and analytics. They help enhance productivity by identifying opportunities for improvement, streamlining workflows, and ensuring employees are focused on tasks that add value. The global Labor Productivity Tracking Market is estimated to be valued at US$ 6.81 Billion in 2024 and is expected to exhibit a CAGR of 38% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rapid adoption of remote work and digitalization trend across industries during the pandemic has been a major driver accelerating growth of the labor productivity tracking market. Many organizations have now accepted work from home and hybrid work models. Labor productivity tracking solutions help employers...
Read more

Tamponades is fastest growing segment fueling the growth of the Global Vitreous Tamponades Market

-
Image
The global Vitreous Tamponades Market is estimated to be valued at US$ 83.89 Mn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview : Vitreous tamponades are substances used to seal retinal breaks and provide internal tamponade during vitrectomy surgeries. They help stabilize the retina and promote posterior vitreous detachment. The different types of tamponades include gases, silicone oils and perfluoro-n-octane. Market key trends : One of the key trends in the market is the preference for non-silicone tamponades over traditional silicone oils. Silicone oils have been commonly used but are difficult to remove and can cause complications. Newer tamponades such as perfluorocarbon liquids and gases provide effective internal tamponade with better removal properties. They minimize complications and improve surgical outcomes leading to their increased demand. Segment ...
Read more