Global demand for pharmaceutical blister packaging market was valued at approximately USD 5.72 billion in 2018 and is expected to generate revenue of around USD 8.4 billion by end of 2025, growing at a CAGR of around 5.5% between 2019 and 2025.
Pharmaceutical Blister Packaging Market
The report covers forecast and analysis for the pharmaceutical blister packaging market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (K Tons). The study includes drivers and restraints for the pharmaceutical blister packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the pharmaceutical blister packaging market on a global level.
As per the report, the global demand for pharmaceutical blister packaging market was valued at approximately USD 5.72 billion in 2018 and is expected to generate revenue of around USD 8.4 billion by end of 2025, growing at a CAGR of around 5.5% between 2019 and 2025.
Blister packaging is made from a forming and a lidding material. The forming film is usually made from PVC plastic. Blister packaging makes it much easier for consumers to access one item at a time, or one which needs to be quickly used and it also keeps the products isolated from the surroundings making the packaging tamper-proof thus the possibility of contamination is ruled out. Also, blister packaging has low production cost compared to other packaging types.
The growing demand for pharmaceutical products and the need for innovative product packaging solutions are anticipated to strengthen the demands for global blister pharmaceutical packaging market in the coming years. To lower the overall operational cost, pharmaceutical industry is looking for cost-effective packaging methods; blister packaging has lower cost when compared with other packaging types, and this has eventually driven the demand for global pharmaceutical blister packaging market.
Healthcare industry is anticipated to witness a significant growth due to the advancements in infrastructure and medical sciences, thus creating more opportunities for global blister pharmaceutical packaging market. However, the growth of blister pharmaceutical packaging market is primarily restricted by the increase in overall packaging costs due to stringent regulations and dynamic regulatory actions by the governing bodies.
The global pharmaceutical blister packaging market is classified into product type, technology type, material type, and application. Based on product type, the global pharmaceutical blister packaging market is segmented into clamshell and carded.
Based on technology type, the global pharmaceutical blister packaging market is segmented into cold forming and thermoforming. Cold forming has a high-efficiency rate and provides longer shelf life to drugs as a result cold formed coils are widely used in the pharmaceutical packaging industry. Hence, cold forming market is expected to witness substantial growth.
Based on application, the global pharmaceutical blister packaging market is segmented into tablets, capsules, powders, and medical devices. Pharmaceutical market is expected to witness substantial growth in coming years as a result tablets, capsules, powders and medical devices segments from the global pharmaceutical blister packaging market are favorable to grow over the forecasted period.
North America is the world’s biggest pharmaceutical market, comprising some of the world’s leading pharmaceutical companies. Efficient drug delivery of more complex pharmaceutical drugs and medication is likely to be the driving factor of blister pharmaceutical packaging market in the North America region. Moreover, Asia Pacific is anticipated to become the fastest growing blister pharmaceutical packaging market. Increase in population in South Asian region is probable to drive the demand for unit dose packaging eventually increasing the demand for blister pharmaceutical packaging. Also, Europe will have a significant share in the global blister pharmaceutical packaging market. Improving healthcare market of newly developed drugs medication due to increasing investment in medical science will create further opportunities for blister pharmaceutical packaging market.
Some of the key players the global pharmaceutical blister packaging market are Honeywell International, Inc., ACG Pharmapack Pvt. Ltd., Display Pack, Inc., West Rock Company, Winpak Ltd., Rohrer Corporation, Sonoco Products Company, Constantia Flexibles GmbH, Bemis Company, Inc., and Amcor Limited.
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