TheGlobalBlister Packaging Marketis valued atUSD 26.07 Billionin 2021 and will grow at aCompound Annual Growth Rate (CAGR) of about7.3% from 2022 to 2028.Blister Packaging solutions are pieces of plastic that are mainly wrapped in paper or aluminium and are used to pack products such as tablets or high volume of low-cost electronic products.Rapid industrial development in the emerging economy and the growing demand for packaged fruit and meat products are expected to further market growth.
Blister packs are used in the healthcare industry of drugs and medical devices. They are also used in a wide range of consumer goods, consumer goods, and food industries. Several pharmaceutical products require excellent moisture protection, as these products are highly sensitive to moisture. The tropical conditions of the Asia Pacific economy require a package of advanced bubbles for the same reason. Continued investment in Research and Development (R&D) and collaboration with pharmaceutical manufacturers allows industry players to upgrade their packaging areas and develop more secure packaging solutions. Blister Packaging is used to extend the shelf life of the product. However, it is not a suitable solution for heavy packaging and is mainly used to protect lightweight items. Heavy products will add more complexity to the support of the paperboard or plastic film on which it is packaged. This can lead to broken packages while handling, storing, and shipping the product, leading to increased cost and product loss. As a result, Blister Packaging is not used for such products. This type of packaging is not suitable for expensive and soft products as improper packaging bubbles can break or damage the product resulting in loss of manufacturer.
Based on technology, the Blister Packaging Market is segmented into thermoforming and cold forming. Based on type it is classified as carded and clamshell. Based on material it is classified as aluminium foil, paper & paperboard and plastic substrate. Based on application, it is classified into pharmaceutical, food, consumer goods and industrial goods. Geographically, the Blister Packaging Market includes the regions of North America, Asia Pacific, Europe, Latin America, Middle East and Africa.
Asia Pacific is expected to register the highest Compound Annual Growth Rate (CAGR) in the forecast period, due to the rapid increase in end-of-life sectors such as health, food, and consumer goods and industries. Factors such as an increase in revenue, growth in the middle class, an increase in the use of high-quality physical products, and a growing healthcare industry will support the growth of the bubble packing market in the forecast period. DOW (US), Amcor Plc (Switzerland), Sonoco Products Company (US), WestRock Company (US), Klockner Pentaplast Group (Germany), Constantia Flexibles (Austrai), Honeywell International Inc. (US), E.I. du Pont de Nemours and Company (US), Display Pack (US), and Tekni-Plex (US). are key players working in the bubble packing market. Emerging economies like BRIC (Brazil, Russia, India, China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) are ready to face it and the huge global growth of bubble packing in the coming years. Growth in these countries is largely driven by positive census, rising family incomes, and changing consumer lifestyles, which encouraged the growing popularity of mobile products. These factors lead to changes in lifestyle that lead to greater demand for luxury in terms of packaging and use.
DOW (US), Amcor Plc (Switzerland), Sonoco Products Company (US), WestRock Company (US), Klockner Pentaplast Group (Germany), Constantia Flexibles (Austrai), Honeywell International Inc. (US), E.I. du Pont de Nemours and Company (US), Display Pack (US), and Tekni-Plex (US). are key players working in the Global Blister Packaging Market.