Blister Packaging Market Analysis
The global blister packaging market is poised to have a healthy growth over the forecast period (2017-2023). Blister packaging also known as bubble pack is created from pre-formed plastic packaging which molds the product. Its front is made of molded plastic which helps in keeping the product in place while the back is made of flat paperboard. This form of packaging helps to safeguard small medical devices and medicines from oxygen, odor, moisture and above all increase its lifespan. Lower chances of contamination, tamperproof, enhanced durability and cost-effectiveness are some of the key advantages of blister packaging over other alternatives.
There are plentiful factors that is boosting the growth of the blister packaging market. These factors as per the Market Research Future (MRFR) report include growing demand for safety of products via tamper evident packaging from consumers, regulatory organizations and manufacturers, increasing demand for quality in food and pharmaceutical industries, increasing compliance by FDA, factors such as monitored dosage system, short-cycle medication and unit-dose packaging for enhancement of patient adherence, and burgeoning demand for such products by the healthcare industry and the aging population. The additional factors that are driving the market growth include increasing awareness about packaged products, advancements in technology in pharmaceutical and medical industries, high packaged product consumption and cut down in package wastage. On the contrary, blister packaging’s unsuitability for heavy items coupled with increasing environmental concerns about the use of plastics are factors that may adversely affect the blister packaging market growth.
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Leading players profiled in the blister packaging market include
Mitsubishi Chemical Holdings
Valley Industries and others
January 2019- Constantia Flexibles have launched Flexible Blister. This packaging solution has been aptly named as it is designed keeping customer convenience and portability in mind. It is a viable choice for both prescription and over-the-counter drugs and is suitable for personal care pills, dietary supplements and oral dosage pharmaceuticals. Like other traditional blister packages, Flexible Blister can accommodate different specifications, shapes, tablet sizes and also incorporate anti-counterfeiting measures. Its ergonomically advanced design presents a couple of benefits such as accessibility, durability and portability.
MRFR report provides an extensive segmental analysis of the blister packaging market on the basis of types, applications, production methods and materials.
Based on types, it is segmented into clamshell blister packaging, consumer goods blister packaging and carded blister packaging. Of these, carded blister packaging will have the largest share in the market over the forecast period.
Based on applications, the blister packaging market is segmented into consumer goods, foods and beverages, pharmaceuticals and others. Of these, pharmaceuticals will dominate the market over the forecast period.
Based on production methods, it is segmented into cold forming and thermoforming. Of these, thermoforming will account for a major share in the market over the forecast period.
Based on materials, the blister packaging market is segmented into cold form foil, COC, PVDC, PVC and others. Of these, PVC will lead the market over the forecast period.
By region, the blister packaging market covers growth opportunities and latest trends across Europe, North America, Latin America, Middle East and Africa and Asia Pacific. Of these, North America will spearhead the market over the forecast market. US is the key contributor here as consumers and pharmaceutical manufacturers here recognize the perks of blister packaging. The blister packaging market in the APAC region will be highly emerging owing to changing preference of consumers and the presence of several manufacturers of consumer goods in China. This region is the epicenter for manufacturing of drugs due to low labor cost, easy accessibility of resources and skilled labor and encouraging government initiatives for promoting local manufacturing. Technological advancements have also contributed towards the market growth here. Manufacturers are making blister packaging from recyclable materials which are eco-friendly. China is the key contributor here.
Study Objectives of Blister Packaging Market
To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Blister Packaging Market
To provide insights about factors affecting the market growth
To Analyse the Global Blister Packaging Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
To provide country-level analysis of the market with respect to the current market size and future prospective
To provide country-level analysis of the market for segment by types, applications, production methods and materials
To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Blister Packaging Market
For More Info, Click @ https://www.marketwatch.com/press-release/blister-packaging-market-2018-by-types-carded-blister-packaging-consumer-goods-blister-packaging-clamshell-blister-packaging-2018-06-01
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Name: Abhishek Sawant
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