Blister packing is widely used in the pharmaceutical and non-pharmaceutical industries because it provides a better barrier to tampering. Carded and clamshell blister packs are popular among customers because of their ease of mobility and convenience. The pharmaceutical industry's preference for blister packaging over cartons or boxes is the key blister packaging market driver. Blister packaging sales are also being bolstered by expanding consumer, consumer goods, and veterinary demand. Furthermore, numerous pharmaceutical packaging guidelines are boosting the rise of blister packaging companies, while the pharmaceutical industry's ongoing expansion is pushing the demand-supply curve upward.
The Scope of the Blister Packaging Market Report and the Research Methodology:
This study examines Blister Packaging Market trends, projections, and financial values in great detail, using a bottom-up approach to estimate market size across segments. It examines worldwide and regional Blister Packaging market segments and sub-segments in depth. The study covers services, revenue, financial state, portfolio, growth strategies, and regional presence of important industry participants and new entrants. The Blister Packaging market research includes market size and growth rate predictions, as well as present and future trends.
In addition, the research includes demand estimates, industry trends, and a full examination of micro and macro issues. It evaluates the factors impacting Blister Packaging market growth and employs qualitative and quantitative research approaches, including SWOT, PESTLE, and Porter's Five Force analysis. The study covers major impending developments that are projected to have an influence on the Blister Packaging market.
Overview of the Blister Packaging Market:
The research from Maximise Market Research provides clients with a complete insight of the competitive landscape, functioning as a strategic planning tool. The Blister Packaging market overview provides comprehensive data on market size, trade statistics, main players, and other metrics such as life cycle and trends.
Blister Packaging Market Growth Estimated:
The Blister Packaging Market Size was valued at USD 23.51 Bn in 2022, and it is expected to reach USD 42.49 Billion by 2029, exhibiting a CAGR of 8.82 % during the forecast period (2023-2029)
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Blister Packaging Market Segmentation:
Aluminium foil accounted for around 15% of total volume in 2022. Aluminium foil is widely used in pharmaceutical applications for medication packaging. Aluminium foil's strong moisture resistance and high recyclability rate are driving blister packaging industry demand for aluminium products.
As a result of the end-user, Because of the growing need for blister packaging in the electronics, toy, and other industries, the consumer goods application is predicted to increase at a 7% CAGR from 2023 to 2029. Blister packaging is used in the consumer products market because it can be produced in big quantities at a low cost and has excellent visual features.
Thermoforming technology will continue to dominate the blister packaging industry, accounting for more than 3/4 of the market share during the projected period. The higher production speed and lower manufacturing costs of thermoforming technology than cold-forming technology are major reasons attracting big blister packaging makers in the market.
Blister Packaging Market Key Players:
1. Bemis Company, Inc. (US)
2. Nosco Inc. (US)
3. The Dow Chemical Company (US)
4. WestRock Company (US)
5. Sonoco Products Company (US)
6. Rohrer Corporation (US)
7. CONSTANTIA (Austria)
8. Klöckner Pentaplast (Luxembourg)
9. DuPont (US)
10.Honeywell International Inc. (US)
11.Tekni-Plex. (US)
12.DISPLAY PACK (US)
13.Winpak Ltd (Canada)
14.Perlen Packaging (Switzerland)
15.SteriPack Group (Ireland)
16.Amcor Limited (Australia)
17.CPH GROUP (Australia)
18.ACG (India)
19.UFlex Limited (India)
20.Shanghai Haishun (China)
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Blister Packaging Regional Market Insights:
The report's in-depth geographical study provides insights into the Blister Packaging market in several nations. The report considers market size, growth rate, and import/export statistics in various areas. North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa account for the majority of the Blister Packaging market.
Key questions answered in the Blister Packaging Market are:
- What is Blister Packaging ?
- What was the Blister Packaging market size in 2021?
- What is the growth rate of the Blister Packaging Market?
- Which are the factors expected to drive the Blister Packaging market growth?
- What are the different segments of the Blister Packaging Market?
- What are the factors restraining the growth of the Blister Packaging Market?
- What is the demand pattern of the Blister Packaging Market?
- What major challenges could the Blister Packaging Market face in the future?
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