Blister Packaging Market: Global Industry Analysis & Forecast (2023-2029)

The Blister Packaging Market 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)
Overview:
Blister packing is commonly employed in the pharmaceutical and non-pharmaceutical sectors as they provide a stronger barrier to tampering. The ease of mobility and convenience element associated with carded and clamshell blister packs makes them a popular choice among customers. The primary blister packaging market driver is the preference for blister packaging in the pharmaceutical industry over cartons or boxes. Sales of blister packaging are also boosted by a rising consumer, consumer goods, and veterinary demand. Additionally, various recommendations for pharmaceutical packaging are further accelerating the growth of blister packaging producers, while the pharmaceutical industry's continual expansion is pushing the demand-supply curve upward.To know about the Research Methodology:-Request Free Sample Report
Blister Packaging Market Dynamics
Drivers:

Consumer demand for pharmaceutical goods has increasingly evolved away from conventional bottles and toward unit-dose blister packaging. Blister packs are used to package drugs and medical equipment in the healthcare industry. They have a variety of other applications in the culinary, industrial, and consumer goods industries. Blister packaging also provides an excellent hang-hook display, requires fewer packing resources, and takes up less shelf space. Blister packs are so less expensive than other forms of packaging, such as hard bottles, and hence more cost-effective. As a result, these factors are driving the blister packaging market growth.
Increasing healthcare spending to promote the market:

Increasing healthcare spending and increased demand for a wide range of pharmaceutical treatments throughout the world have encouraged pharmaceutical corporations to use outsourcing, i.e. contract development manufacturing, to produce pharmaceuticals on a wider scale. Contract development and manufacturing companies offer services such as active pharmaceutical ingredients (API), medicinal product development, and packaging. Leading pharmaceutical businesses throughout the world are growing rapidly their outsourcing efforts in order to minimize the production, packaging, and complexity of medication manufacture. This present outsourcing trend also increases the production volume of blister-packed prescription medications. All of these factors are expected to boost the blister packaging market growth in the next eight years.
Blister Packaging Market: Trends and Opportunities
Smart Blister Packs Drive Market Growth:

The global pharmaceutical and food markets are seeing an increase in the introduction of innovative design and technical elements in packaging forms such as blister packs. Traditional and extensively used pharmaceutical blister packs are combined with digital technology that provides improved functionality for the convenience of end-users and patients. Blister pack digital technology includes features such as dose reminders, time temperature indication, product quality indicator, and so on. Furthermore, modern customers regard digital technology as a source of convenience. The choice of such technology-oriented customers for such technology-driven pharmaceutical packaging is expected to boost blister pack sales, which in turn, is expected to boost the blister packaging market growth through the forecast period.

Blister Packaging Market: Challenges

Unsuitable for Heavier Products: 

Blister packaging is designed to preserve lightweight products and is not an excellent alternative for packing heavy things. Heavy products exert too much strain on the plastic wrapping or paperboard that surrounds them. When storing and transporting the contents, the packaging shatters, increasing the cost and resulting in product loss. As a result, blister packing is improper for such products. Also, it is not recommended for valuable or delicate items since the bad blister wrapping may harm or shatter the contents, costing the makers money.

Blister Packaging Market: Restraints

Growing Concerns about Packaging Wastes:

Increasing packaging wastes and the desire to manage such waste, followed by severe government regulations to decrease pollution from packaging waste, are some of the factors that are expected to hinder the growth of the global blister packaging market in the forecast period.
Blister Packaging Market Segment Analysis
By Material Type, Aluminum foil accounted for about 15% of the total volume in 2022. Aluminum foils are commonly utilized in pharmaceutical applications for medicine packaging. Aluminum foil's excellent moisture protection properties, as well as its high recyclAability rate, are supporting blister packaging market demand for aluminum products. Furthermore, the growth of different aluminum packaging options, as well as the convenience of handling new packaging solutions, will boost aluminum foil demand during the forecast period. For example, Uflex earned a US patent award in September 2020 for their Alu-Alu blister packs, which provide various benefits to customers such as simple wearability, child-resistant packaging, and others.

By End-user, Thanks to the increasing need for blister packaging in the electronics, toy, and other sectors, the consumer goods application is expected to grow at a pace of about 7% CAGR from 2023 to 2029. The consumer products industry employs blister packaging because it can be produced in large quantities at an affordable price and has better visual qualities. The segment growth throughout the anticipated period will be driven by the growth of the electronics industry in South Korea, Japan, and China as well as the rising demand for thermoformed clamshell products in the packaging of electronic parts, which in turn, driving blister packaging market growth.

By Technology, the thermoforming technology segment will continue to dominate the blister packaging market, accounting for more than 3/4 of the market share during the forecast period. The faster production speed and lower manufacturing costs of thermoforming technology as compared to cold-forming technology are critical factors that attract significant blister packaging producers in the market. Because of its ease of usage and low manufacturing costs, thermoforming technology is widely employed in a variety of sectors. Almost all polymers utilized in the creation of forming films are thermoformed, and thermoformed products are employed in consumer, industrial, and food packaging applications. Considering innovations in new technology, several pharmaceutical companies such as Aptar's Activ-Blister Packaging have been able to safeguard their moisture-sensitive pharmaceuticals successfully and with a long shelf life.
Blister Packaging Market Regional Insights
North America:

The North American blister packaging market is expected to grow at a high rate throughout the forecast period. Rapid industrialisation, backed by the governments of many countries in the area, is propelling the rise of the healthcare and cosmetics sectors. Additionally, the region's growing population and people's propensity to invest more in their healthcare and personal care are driving revenue growth in the blister packaging market in North America.

The pharmaceutical industry in the United States has had tremendous blister packaging market growth in recent years, which is expected to continue during the forecast period. This market growth is primarily driven by increased per capita consumption and expenditure on pharmaceutical products, as well as the existence of big pharmaceutical corporations in the United States. According to the OECD, overall healthcare spending per capita in the United States in 2019 was $11,500, significantly higher than in the other countries. Healthcare spending in the United States is expected to climb over time as a result of an ageing population and an increase in chronic illnesses. Pharmaceutical behemoths like as Pfizer Inc, Johnson & Johnson, Eli Lilly and Company, AbbVie Inc., and others are present in the United States.

Asia Pacific:

Asia Pacific dominated the blister packaging market in 2022, with a market share of roughly 43%. The region's rapid economic growth and the pharmaceutical sector's excellent prospects have contributed to the region's dominance. The existence of multiple pharmaceutical prescription plants and the large population in the area are driving the product's growth. Aside from holding about 60% of the world's population, the region is a manufacturing powerhouse for the electronics and other consumer products industries. Secondly, the blister packaging market is growing in China, South Korea, and India as healthcare expenditures grow and disposable income increases.

Highly promising India is one of the leading pharmaceutical makers and exporters in the Asia-Pacific region. Manufacturers with low production and packaging costs in India are expected to expand their manufacturing operations in India. According to the IBEF Organization, India's pharmaceutical export in 2019 was US$ 16.2 billion. Similarly, growing commercial and public sector investment in pharmaceutical research and development in India has significantly increased medication output. Additionally, as a result of government initiatives, India is preparing for large-scale manufacture of both generic and branded pharmaceuticals. All of these factors are going to provide significant opportunities for blister packaging market growth.

The need for prescription pharmaceuticals in China has increased significantly in recent years, owing to the country's increasingly aging population. According to the EIU, Espicom, China's population in 2019 was close to 1.4 billion, with 10.0% of the population aged 65 and more. Because of weakened immune systems and a higher frequency of sickness, China's aging population is driving up demand for oral form medications.

Europe:

Over the forecast period, the European blister packaging market is expected to grow at a much faster rate than the global blister packaging market. The pharmaceutical and healthcare sectors drive the blister packaging industry in Europe. The consumer products market is also expected to generate a significant revenue share throughout the forecast period. Because of strict laws restricting the use of excess material in packaging systems, European society has stronger environmental incentives to employ blister packaging.

During the projection period, the German pharmaceutical sector is expected to produce substantial demand for blister packs. The steadily growing demand for blister packaging in Germany is primarily driven by increased investment in pharmaceutical manufacturing. According to the European Federation of Pharmaceutical Industries and Associations, Germany's overall R&D investment in the pharmaceutical sector in 2019 was more than US$ 8.5 billion.

Scope of the Report

This research evaluates current activities and developments in each sub-sector, as well as revenue growth at the global, regional, and global levels (2023-2029). For this analysis, MMR divided the Blister Packaging market into Type, Material Type, End-user, Packaging Machine, Technology, and geographic locations. The market analysis also contains expected market estimates and trends for 17 countries spread throughout the world's primary geographic zones. The value for the aforementioned categories is provided in the report (in USD million).

The research also aids in understanding the Blister Packaging Market trends, structure, and size projections by evaluating market segments. The research serves as an investor's guide by providing a clear depiction of competition analysis of major competitors in the Blister Packaging Market by financial situation, product portfolio, growth plans, and geographical presence.
Blister Packaging Market Scope: Inquire before buying



Global Blister Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 23.51 Bn.


Forecast Period 2023 to 2029 CAGR:
8.82%
Market Size in 2029:
US $ 42.49 Bn.


 Segments Covered:
by Type
Carded
Clamshell


by Material Type
Plastic
Paper
Aluminum


by End User
Food
Consumer Goods
Pharmaceutical
Others


by Packaging Machine
Roller Type
Roller-Plate Type
Plate Type


by Technology
Thermoforming
Cold Forming



Blister Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Blister Packaging Market, Key Players are
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)
Frequently Asked Questions:
1] What segments are covered in the Global Blister Packaging Market report?
Ans. The segments covered in the Blister Packaging Market report are based on Type, Material Type, End-user, Packaging Machine, Technology, and Region.

2] Which region is expected to hold the highest share in the Global Blister Packaging Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Blister Packaging Market.

3] What is the market size of the Global Blister Packaging Market by 2029?
Ans. The market size of the Blister Packaging Market by 2029 is expected to reach USD 42.49 Bn.

4] What is the forecast period for the Global Blister Packaging Market?
Ans. The forecast period for the Blister Packaging Market is 2023-2029.

5] What was the market size of the Global Blister Packaging Market in 2022?
Ans. The market size of the Blister Packaging Market in 2022 was valued at USD 23.51 Bn.