by Blister packaging provides safe, convenient and tamper-proof packaging solutions for pharmaceutical and healthcare products like medicines, pills, and capsules. It protects the product from damage and contamination during transportation and storage. The packaging ensures product visibility and clarity along with ease of use as the medicinal dosage can be easily pushed or popped out for consumption.
The global Blister Packaging Market is estimated to be valued at US$ 17.37 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends fueling the growth of blister packaging market is the increasing demand for convenient packaging solutions in pharmaceutical industry. Blister packs provide ease of use to consumers as the packaging format allows to simply push or tear off individual cavities containing medicines or tablets. They help old age and disabled people who have limited hand dexterity. Moreover, blister packaging protects medicines and tablets from moisture and ensures long shelf life without any damage during transport or storage. The growing preference for convenient packaging among pharmaceutical manufacturers and consumers has significantly boosted the demand for blister packs over the past few years.
SWOT Analysis
Strength: Blister packaging helps preserve the freshness and quality of products like medicines and food items as they provide moisture and air resistant barrier. They are cost-effective and take less space during transportation.
Weakness: Blister packaging materials are non-biodegradable and not environment friendly. Manufacturing of complex shapes and sizes of blisters increases production costs.
Opportunity: Growing pharmaceutical industry globally increases the demand for tamper-evident and child-resistant blister packaging solutions. Rise in consumption of packaged food and consumer goods augments the blister packaging market growth.
Threats: Strict governmental regulations over the usage of plastic packaging poses challenges to the blister packaging manufacturers. Easy availability of substitutes like pouches and bottles threatens the blister packaging market.
Key Takeaways
The Global Blister Packaging Market Size is expected to witness high growth. The global Blister Packaging Market is estimated to be valued at US$ 17.37 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030.
The Asia Pacific region dominates the global blister packaging market owing to high demand from pharmaceutical and food industries in countries like India and China. North America and Europe hold significant market shares due to growing health consciousness among consumers.
Key players operating in the Blister Packaging market are BASF SE,DuPont,American Elements,Cabot Corporation,ZeniMac Exim,Southern Carbon Chemical,Reade Manufacturing Company,The Shepherd Chemical Company. The key manufacturers are focused on developing innovative ,,tamper-proof and child-resistant blister packaging solutions to cater to diversified product requirements. Strategic partnerships and collaborations help the key players strengthen their geographic presence globally
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
