Blister Packaging Market Growth, With COVID-19 Impact Analysis, Business Opportunities and Future Outlook 2030
Blister Packaging is projected to be worth USD 21 billion by 2027, registering a CAGR of 7% during the forecast period (2021 - 2027), The market was valued at USD 21.3 billion in 2020.
Overview:
The global analysis of the Blister Packaging Market Growth is witnessing substantial backing from several factors that can bolster the market's growth in the coming years. In its findings, the Market Research Future (MRFR) has reported of such dynamics that can propel the growth. Among these factors, the food & beverage and pharmaceutical industries are expected to play prominent roles in ensuring growth. A hike in the healthcare sector related investment, especially in developing countries, is inspiring pharmaceutical companies to launch new drugs and experiment with new procedures, which is providing a boost to the market. In the food and beverage sector, packaging has become very important as it is getting traction from rising urbanization. Emerging economies with specific investment to bolster the healthcare and food & beverage segment are also expected to provide a proper ground for the market to grow.
However, some environmental concerns and stringent regulations can hold back the market in the coming years. But recycling methods are getting support from various quarters, which can be of great help.
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Segmentation:
MRFR analysts have based their findings on a segmentation of the blister packaging report and that includes types, applications, materials, and production methods. Researchers have also loaded these segments with fetched data using scientific methods and parameters to make the insights credible.
By types, the global market study on the Blister Packaging Market Growth includes segments like consumer goods blister packaging, carded blister packaging, and clamshell blister packaging.
By applications, the global study on the Blister Packaging Market Growth has been segmented into food & beverages, pharmaceuticals, consumer goods, and others. The pharmaceutical sector is expected to bolster the market growth. The food & beverage industry is also set to inspire changes in the market.
By production methods, the global market report on the Blister Packaging Market Growth includes an assessment of thermoforming & cold forming.
By materials, the global study of the Blister Packaging Market Growth includes information on PVC, COC, PVDC, cold form foil, and others.
Regional Analysis:
North America is expected to impact the global market in remarkable ways as the region is showing huge participation from several top-grade pharmaceutical companies. In Europe, the market will also find support from pharmaceutical companies. In Asia Pacific, emerging economies would play a crucial role in developing grounds for regional market growth.
Competitive Landscape:
Bemis, Berry Plastics, Valley Industries, Mitsubishi Chemical Holdings, Dupont, Albea, DOW Chemical, Amcor Limited, SteriPack, Constantia Flexibles, and others are some of the efficient companies developing methods to bolster the global Blister Packaging Market Growth growth. These companies are mostly using methods like a merger, branding, research funding, innovation, collaboration, acquisition, and other methods to bolster their market position and improve chances for the market to ensure a hike in revenues. MRFR recorded the latest changes inspired by these companies to keep track of trends that may change the market outcome.
Industry News:
The global market for blister packaging is getting huge traction due to the massive rise in demand from the pharmaceutical sector. This rise is to bolster the COVID-19 pandemic treatment across countries and supply frontline fighter like doctors and nurses with sufficient medical support that they can use on their patients to improve their conditions. The segment is also getting a huge tailwind from the research and development sector, where universities and laboratories invest much time finding a proper cure for the disease. This growth would remain strong in the coming years as the pandemic is yet to subside.
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