Blister Packaging Market Segments, Drivers, Restraints, And Trends For 2024-2033
Blister Packaging Market Segments, Drivers, Restraints, And Trends For 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, October 31, 2024 /EINPresswire.com/ -- The blister packaging market has experienced robust growth in recent years, expanding from $22.53 billion in 2023 to $24.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in pharmaceutical industry, consumer demand for convenience, enhanced product protection, regulatory compliance, tamper resistance features, extended shelf life.
What Is The Estimated Market Size Of The Global Blister Packaging Market And Its Annual Growth Rate?
The blister packaging market is projected to continue its strong growth, reaching $32.01 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growing aging population, shift toward sustainable packaging, e-commerce expansion, customized packaging solutions, prevention of medication errors, globalization of supply chains
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Growth Driver Of The Blister Packaging Market
Increasing disposable income is expected to propel the growth of the blister packaging market going forward. The income available after deducting taxes and social security charges is called disposable income. Higher disposable income can lead to increased consumption and, consequently, greater demand for blister-packaged products.
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Which Market Players Are Steering The Blister Packaging Market Growth?
Key players in the market include Amcor Limited, Bemis Company Inc., Constantia Flexibles GmbH, Display Pack Inc., E.I.Du Pont De Nemours and Company, Klockner Pentaplast India Pvt. Ltd., Sonoco Products Company, Tekni-Plex Inc., Westrock Company, Honeywell International Inc., Blisterpak Inc., VisiPak Private Limited, Algus Packaging Inc., Powerpak Industries LLC, Clearwater Packaging Inc., Blisters Inc., Pharma Packaging Solutions Ltd., Winpak Ltd., Uflex Ltd., ACG Pharmapack Pvt. Ltd., Renolit SE, Carcano Antonio SpA, Caprihans India Limited, Romaco Ltd., iPharmachine Corp., Ridat Ltd., Jornen Machinery Co. Ltd., Intimac World Ltd., Uhlmann Pac-Systeme GmbH & Co. KG, Visual Packaging Ltd., Alma Limited, Starview Packaging Machinery Inc., Zed Industries Inc., Ecobliss Holding BV, Rohrer Corporation, Prent Corporation, Dordan Manufacturing Company.
What Are The Key Trends That Influence Blister Packaging Market Share And Analysis?
Major companies operating in the market are increasing their focus on introducing biomass-derived blister packaging solutions to gain a competitive edge in the market. Biomass-derived blister packaging solutions utilize renewable organic materials to create environmentally friendly and sustainable packaging for various products.
How Is The Global Blister Packaging Market Segmented?
1) By Product Type: Clamshell, Carded
2) By Technology Type: Cold Forming Technology, Thermoforming Technology
3) By Material Type: Plastic, Aluminum, Paper and Paperboard, Other Materials
4) By End-User: Food, Pharmaceuticals, Veterinary and Nutraceuticals, Medical Devices, Electronics and Electricals, Industrial Goods, Other End Users
Geographical Insights: Asia-Pacific Leading The Blister Packaging Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Blister Packaging Market Definition
Blister packaging refers to a plastic sheet heated and molded into the shape of a bubble or pocket, or blister that entirely encloses the product. A traditional blister pack is also known as a face seal blister and has a cardboard back. Blister packaging is used for packaging small products such as toys, electronic goods, batteries, toothbrushes, dental floss, and tablets.
Blister Packaging Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global blister packaging market report covering trends, opportunities, strategies, and more
The Blister Packaging Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on blister packaging market size, blister packaging market drivers and trends, blister packaging market major players and blister packaging market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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