by Market Overview:
Blister packaging is commonly used for pharmaceutical products packaging. It protects the drug from contamination and ensures product safety and efficacy. Blister packs provide accurate dosing and facilitate identification of drugs through clear packaging material and labeling. They are widely used for unit-dose packaging of tablets, capsules, and other solid oral dosage forms.
Market Dynamics:
Growing adoption of blister packaging in the pharmaceutical industry is expected to drive the market growth over the forecast period. Blister packaging helps improve medication adherence by packaging drugs in individual pre-measured doses. It facilitates easy identification of drugs and dosage along with tamper evidence. Furthermore, rising demand for convenient and easy-to-use packaging from consumers is also expected to propel the market growth. However, higher costs of blister packaging compared to other packaging types may hinder the market growth.
SWOT Analysis:
Strength: Blister Packaging
– Provides product protection and extends shelf life by preventing damage and contamination.
– Allows clear product visibility which aids marketing.
– Tamper-evident and child-resistant features provide safety.
Weakness:
– High initial costs for manufacturing dies and tools.
– Producing small batch sizes can reduce cost-effectiveness.
Opportunity:
– Growing pharmaceutical and food industries offer scope for usage.
– Increasing consumer awareness about tamper-evident and child-resistant features.
Threats:
– Stringent regulations around use of raw materials.
– Competition from flexible packaging alternatives.
Key Takeaways:
The Global Blister Packaging Market Demand is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing demand from pharmaceutical and food industries for product protection and visibility.
North America is currently the largest market for blister packaging accounting for over 30% share. Asia Pacific exhibits the fastest growth led by China and India. Increasing pharmaceutical production and stringent regulations around packaging in the region drive the market.
Key players operating in the Blister Packaging market are Amcor PLC, Blisters Inc., Honeywell International Inc., Blisterpak Inc., VisiPak, Sonoco Products Company, Powerpak Industries L.L.C., Clearwater Packaging Inc., Constantia Flexibles GmbH, Westrock Company, and Algus Packaging Inc. Amcor PLC and Constantia Flexibles GmbH hold significant market share due to their diversified product portfolio and global presence.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
