Global Blister Packaging Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032 Report by We Market Research
The blister packaging market is expected to reach USD 41,100 million by the year 2033 from USD 24,100 million in the year 2022. It is expected to grow at a CAGR of 7.2 % during the forecasted period.
There is significant demand witnessed by the blister packaging market due to the growing pharmaceutical industry. The pharma sector is ramping up its production and output. Certain features for the blister packaging industry such as protection of products and their safety along with their cost-effectiveness are resulting in providing sales footprints for the market. Further, the industry is adopting sustainable solutions for packaging which is leading to further growth. Overall, the blister packaging market is expected to continue growing in the coming years, driven by various factors such as increasing demand for convenient and tamper-evident packaging solutions and the growing focus on sustainability and eco-friendly packaging.
Blister packaging is the terminology used for different varieties of plastic packaging that are pre-formed for use in foods, pharmaceuticals, and consumer goods. Such packaging solutions can be used for protection of products against different external aspects such as contamination, humidity and so on. Blister packaging is useful for protecting products from light and UV rays. All the uses of such packaging have ensured that the market for blister packaging has lot of potential for growth.
Blister packaging is a type of packaging that consists of a clear plastic cavity or pocket made from thermoformed plastic, which is then sealed to a backing card or foil. This packaging technique is commonly used in the packaging of consumer goods such as pharmaceuticals, medical devices, electronics, toys, and food products. The blister packaging provides a barrier between the product and the external environment, protecting the product from moisture, light, and other environmental factors.
The blister packaging market is growing rapidly due to the increasing demand for tamper-evident and child-resistant packaging solutions, the growing preference for convenient and easy-to-use packaging, and the rising demand for packaged food and pharmaceutical products. Additionally, the growing focus on sustainability and environmental concerns has led to the development of eco-friendly blister packaging solutions.
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Market Segmentation:
Blister packaging is a type of packaging that is commonly used to protect products such as pharmaceuticals, food, electronics, and consumer goods. The global blister packaging market can be segmented on the basis of various factors, including:
- Type of Material: Blister packaging can be made from a variety of materials such as plastic, paper, aluminum, and others. Plastic is the most commonly used material for blister packaging.
- Technology: The market can be segmented based on the type of technology used for blister packaging. Some of the commonly used technologies include cold forming, thermoforming, and others.
- Packaging Type: Blister packaging can be classified into different types such as clamshell packaging, face seal blister packaging, and others.
- End Use Industry: The market can also be segmented based on the end-use industry. Some of the major industries that use blister packaging include pharmaceuticals, food & beverage, consumer goods, and others.
- Geography: The market can also be segmented based on geography, including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Key Player:
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), and others.
Regional Analysis:
Emerging economies that include Brazil, Russia, India, China (BRIC countries) along with Indonesia, Egypt, Colombia Vietnam, South Africa, and Turkey are set to garner most of the growth in the blister packaging market in coming years. Favourable demographics, changes in lifestyles, increasing incomes of people and such other factors are reasons for growth in these countries for blister packaging. Further, APAC, North America, Europe and the Middle East too have a positive outlook towards blister packaging.
FAQs:
1. What are the major drivers which aid this Market?
2. What are the segments of this Market?
3. Which is the fastest growing region in this Market?
4. What are some major strategies used by top players for the expansion of their business in this Market?
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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