by Blister packaging involves thermoformed plastic material used for packaging small commodity items. It provides a tamper-evident and easy-to-carry seal for pharmaceutical and consumer good products. Blister packs protect drugs, supplements, and consumer products from damages like leaks and spills and ensure product freshness. Further, it enhances brand visibility with printability and creates shelf-appeal with durable and robust packaging. The growing demand for single-size and child-resistant packaging from industries like pharmaceuticals and consumer goods is fueling the growth of the blister packaging market.
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 Dynamics:
The growing demand for secure and easy-to-carry packaging solutions from end-use industries is expected to drive the growth of the blister packaging market over the forecast period. Blister packages provide tamper evidence that allows consumers and distributors to determine if a product has been compromised. They also protect products from damage caused by impacts, pressure, moisture, and contamination. Further, blister packs enable automated packaging using form-fill-seal machines at higher production speeds compared to other packaging types. Therefore, they are highly preferred for the packaging of a wide range of products ranging from pharmaceuticals to electronics. The market players are investing in advanced packaging solutions with improved child-resistant features and moisture barrier properties to further grow the demand for blister packaging. Improved safety and extending the shelf life of products are some of the factors fueling the growth of the blister packaging market over the projection period.
Segment Analysis
The global blister packaging market is dominated by the pharmaceuticals sub-segment. This is because pharmaceutical products are extremely sensitive requiring proper protection and need to be packaged in a way that prevents contamination and allows easy administration of drugs to patients. Blister packs provide an effective seal that helps increase the shelf life of drugs. Other sub-segments include consumer goods, food, and industrial goods but the pharmaceutical sub-segment accounts for over 60% of the overall market share.
PEST Analysis
Political: Any stringent regulations related to pharmaceutical and food product packaging will significantly impact the blister packaging market. Most countries have established rules around packaging materials that can be used for medicines and food items.
Economic: A rise in the disposable incomes of consumers tends to increase their spending on healthcare and packaged consumer products driving demand for blister packaging from various end-use industries.
Social: Changing lifestyles and busy schedules have increased the consumption of packaged, ready-to-eat food and pharmaceutical products necessitating effective packaging solutions like blister packs for product safety and convenience.
Technological: Advances in packaging machinery allow for automating the production of blister packs helping improve efficiencies. Innovation in lidding films and packaging substrates is expanding the application scope of blisters packs.
Key Takeaways
The Global Blister Packaging Market Size 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.
Regional analysis shows that North America dominates currently due to stringent regulations regarding pharmaceutical packaging and high healthcare spending. However, Asia Pacific is expected to witness the fastest growth due to rising incomes, growing pharmaceutical industry and increasing demand for packaged foods from countries like India and China.
Key players operating in the blister packaging market are BASF SE, DuPont, American Elements, Cabot Corporation, ZeniMac Exim, Southern Carbon Chemical, Reade Manufacturing Company. Key players are focused on new product development and capacity expansions to better serve the needs of end-use industries across multiple geographies. Innovation around eco-friendly packaging materials and automated production lines are some of the focus areas for major blister packaging manufacturers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
