The "Blister Packaging Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The blister packaging market was valued at USD 19.13 billion in 2019, and it is expected to register a CAGR of 6.18%, during the period of 2020-2025.
Increasing pressure on pharmaceutical companies to manufacture medicines that are distinct in packaging and hard to imitate, beyond the basic need of keeping it effective for the purpose it was produced, for it to be made available for patients, owing to rise in diseases and stringent government regulations against counterfeit drugs, are among the major factors propelling the market. Blister packaging offers an efficient method of anti-counterfeit systems, like banknote authentication systems and others.
The rising need for the level of product safety from manufacturers, consumers, and regulatory organizations is making blister packaging an increasingly practical option. Factors like product integrity and extended shelf life are highly necessary for the pharmaceutical sector, considering that most consumers store their drugs in a temperature variant atmosphere that can be harmful to unprotected medicines.
The use of innovative technologies in blisters, such as radio frequency identification tags (RFID), deployed with a seal applied outside the packaging, is growing due to the potential to provide individual security throughout supply chains. Contamination of samples in blisters only occurs when the protective barrier is broken, when a single tablet or capsule is dispensed or administered.
The growing need for compliance with safety regulations, coupled with increased demand for convenient and easy-to-use packaging products, is also expected to drive the market's growth and results in the market vendors partnering with technology companies to introduce those features and widen their product differentiation advantages for bulk purchasers.
There is also a growing demand for pharmaceutical and personal care products in industrialized regions, like North America, Europe, Asia-Pacific, and others, where considerable consumer expenditure is increasing for both pharmaceutical and personal care products. Products, such as capsules, lozenges, sterile products, and liquid cosmetics like perfumes, place a particularly high demand for blister packaging, protection, appearance, and compliance.
The outbreak of COVID-19, growth in regulatory norms across the world, population health management, inventions, more informed customers, and an increase in OTC drugs have augmented the growth of packaging.
Key Market Trends
Pharmaceutical Industry Account for a Major Share
The pharmaceutical sector poses a different set of demands for the blister packaging solutions regarding insulation from external surroundings, high levels of protection, cost-effectiveness, and ease of handling, in addition to retaining the medicine's effectiveness.
The Blister Packaging Market is fragmented. Partnerships, mergers, and acquisitions have been a critical strategy for the vendors in the market for developing products that are acceptable in the end-user industry, where packaging materials undergo stringent quality tests so that they do not contaminate the content's impact health. Some of the recent developments in the market are:
In January 2020 - Amcor partnered with Moda to offer innovative packaging solutions. Amcor and Moda offer multiple innovative solutions in flexible packaging and are expected to provide new resources to help gain and further strengthen Amcor's position in the flexible packaging market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing geriatric population and prevalence of diseases
4.2.2 Product innovations such as downsizing coupled with relatively low costs
4.3 Market Challenges
4.3.1 Dynamic nature of regulations and inability to support heavy goods
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.5 Assessment of the impact of COVID-19 on Blister Packaging Market
5 MARKET SEGMENTATION
5.1 By Process (Trends, Forecasts - in USD million & Market Outlook)
5.2 By Material (Trends, Forecasts - in USD million & KTon & Market Outlook)
5.2.1 Plastic Films
5.2.2 Paper & Paperboard
5.2.4 Other Materials
5.3 By End-User Industry (Trends, Forecasts - in USD million & Market Outlook)
5.3.1 Consumer Goods
5.3.4 Other End-user Industries
5.4 Geography (Trends, Forecasts - in USD million & Market Outlook)
6 COMPETITIVE INTELLIGENCE
6.1 KEY COMPANY PROFILES
6.1.1 Amcor PLC
6.1.2 Westrock Company
6.1.3 Constantia Flexibles GmbH
6.1.4 Sonoco Products Company
6.1.5 Klockner Pentaplast Group
6.1.6 E.I. Du Pont De Nemours and Company
6.1.7 Honeywell International Inc.
6.1.8 Pharma Packaging Solutions
6.1.9 Tekni-Plex Inc.
6.1.10 The Dow Chemical Company
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/hah9h6
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