Blister Packaging Procurement Intelligence

In this blister packaging procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials, labor, R&D, and SG&A form the largest cost component of blister packaging. Operational costs include labor and fixed costs, depreciation, R&D costs, SG&A costs, insurance costs, and profit margins, among others, which account for around 40% of the total costs. Blister packaging manufacturing cost is primarily dominated by the expenses associated with raw materials, constituting more than 60% of the total manufacturing cost. The main contributors to the raw material costs are the forming film and lidding materials. The forming films, which are typically composed of PVC, experienced a significant price surge in 2020 due to the impact of COVID-19 and disruptions in the supply chain. Nevertheless, the prices gradually stabilized starting in 2021.

Order your copy of the Blister Packaging category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Operational Capabilities - Blister Packaging

• Geographic Service Provision - 35%
• Years in Service - 15%
• Certifications - 15%
• Employee Strength - 15%
• Revenue Generated - 10%
• Key Clients - 10%

Functional Capabilities - Blister Packaging

By Technology Type:

• Thermoforming - 13.33%
• Cold Forming - 13.33%
• Thermo Cold Complex Blistering - 13.34%

By Types of Blister Packaging:

• Thermoformable - 10%
• Face Seal - 10%
• Trapped - 10%
• Full Card Blister - 10%
• Clamshell - 10%
• Skin Packaging - 10%

Rate Benchmarking

When analyzing rate benchmarking of blister packaging, the type of forming film plays a crucial role. In our study, we compared the rates of six different forming films: polyvinyl chloride (PVC), polyvinylidene chloride (PVDC), chlorotrifluoroethylene (CTFE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). Through rate benchmarking analysis, we discovered that PVDC and CTFE forming films have a price per unit area that is 60% to 80% higher than PP, PET, PS, and PVC forming films. Among these options, PVC forming films offer the lowest price per unit area and demonstrate an 80% better water vapor transmission rate (WVTR) compared to PVDC, CTFE, and PP forming films. Due to its high cost-efficiency ratio in terms of price per unit area, PVC films are the preferred choice of forming film material for blister packaging suppliers.

Supplier Newsletter

Organizations may find it cumbersome to continuously track all the latest developments in their supplier landscape. Outsourcing the activities related to gathering intelligence allows organizations to focus on their core offerings. At this juncture, our newsletter service can help organizations stay updated with the latest developments and innovations and subsequently assist in preventing disruptions in the supply chain. We have identified the following developments within the blister packaging category over the last two years:

In June 2022, Henkel introduced plastic-free blister packs made from recycled paper. This will be made from 85% recycled paper and will contribute to the reduction of 1,000 tons of plastics annually.

In April 2022, Huhtamaki launched a Push Tab blister lid made of mono-material PET and free from aluminum. The product aims at improving the recyclability of the packaging and adhering to the safety requirements of the pharmaceutical industry.

In February 2022, CuePath Innovation Inc. launched generation 2 smart blister packaging solutions. This would provide medication monitoring and adherence support for products.

In August 2021, Klockner Pentaplast launched its new recyclable PET blister film, kpNext. It is the only PET recyclable blister that is completely compatible with pharmaceutical manufacturing form, fill, and seal equipment.

List of Key Suppliers

• Amcor plc
• Westrock Company
• Blisterpak Inc.
• Sonoco Products Company
• Honeywell International Inc.
• Klockner Pentaplast
• Dow
• Constantia Flexibles
• UFlex Limited
• ACG 

Browse through Grand View Research’s collection of procurement intelligence studies: 

• Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
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• Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Blister Packaging Procurement Intelligence Report Scope

• Blister Packaging Category Growth Rate : CAGR of 7.7% from 2023 to 2030
• Pricing Growth Outlook : 5% - 10% (Annually)
• Pricing Models : Contract-based pricing model, Fixed price pricing model
• Supplier Selection Scope : Cost and pricing, past engagements, bulk purchasing, geographical presence
• Supplier Selection Criteria : Types of packaging, quality, production capacity, source of manufacturing, regulatory compliance, category innovation, and others
• Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions