The global Blister Packaging Market Growth is estimated to Accelerated by Emerging Applications
Blister packaging is used for packing pharmaceutical as well as small consumer goods like batteries, electronic components, toys, and fast-moving consumer goods (FMCG) items. Blister packaging provides product protection, easy storage & handling, visibility of the packed product, moisture resistance, and reusability.
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:
The emerging applications of blister packaging across industries like food and beverage, consumer goods, healthcare, and industrial goods are driving the growth of the blister packaging market. Blister packaging is increasingly being used for packing frozen food, snacks, confectionery, dairy products, and other perishables. This is attributed to its ability to provide better product protection compared to other packaging formats. The sustainable nature and recyclability of blister packaging make it an environment-friendly alternative to other rigid plastic packaging formats. This is supporting its adoption for packing consumer goods and creating growth opportunities for market players over the forecast period.
Segment Analysis
The global blister packaging market is dominated by the thermoforming segment. Thermoforming technology is widely used for manufacturing blister packs as it offers design flexibility and product customization. It allows manufacturing complex geometric shapes for packaging pharmaceutical products. Blister packs produced through thermoforming offer excellent child resistance and provide tamper evidence. Further, thermoforming helps reduce manufacturing costs and improves production efficiency.
Key Takeaways
The Global Blister Packaging Market Size is expected to witness high growth over the forecast period. 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.
Asia Pacific region dominates the global blister packaging market and is expected to maintain its leading position. Rapidly growing pharmaceutical industry and rising population are driving the demand for blister packaging in the region. Further, wide acceptance of blister packaging among end-use industries boosts the regional market.
Key players operating in the blister packaging market are BASF SE,DuPont,American Elements,Cabot Corporation,ZeniMac Exim,Southern Carbon Chemical,Reade Manufacturing Company, and The Shepherd Chemical Company.
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