MarketsandMarkets projects the global blister packaging market to grow from USD 11.94 billion in 2015 to USD 18.25 billion by 2022, at a CAGR of 6.25% from 2015 to 2022. As the application of blister packaging in the healthcare industry is growing day by day, the blister packaging market is also projected to grow at a healthy rate. Blister packaging is used in applications such as food products, toys & related goods, cosmetics & toiletries, electrical components, motor vehicle/spare parts, consumer electronics, pharmaceutical, and medical products.
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The blister packaging market is segmented on the basis of material, technology, heat seal coating, application, and region. The market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The Europe region held the largest share among all the regions in 2014. This is mainly due to rising aging population and increasing manufacturing activities, coupled with growing applications of blister packaging in the healthcare industry.
The key players in the blister packaging are Amcor Limited (Australia), Bemis Company, Inc. (U.S.), The Dow Chemical Company (U.S.), WestRock Company (U.S.), and Sonoco Products Company (U.S.). The other prominent players in the market are Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), Tekni-Plex, Inc. (U.S.), Pharma Packaging Solutions (U.S.), and Display Pack, Inc. (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares. Partnerships, agreements, joint ventures, acquisitions, expansions, and new product launches are some of the major strategies adopted by the players to achieve growth in the blister packaging market.
Amcor Limited is a global packaging manufacturer that offers innovative packaging solutions. It offers plastic, packaging film, metal, and glass packaging for several industries such as beverage, food, medical, household, industrial goods, pharmaceuticals, and tobacco. The key strategy of Amcor Limited is the focus on geographic expansion through the acquisition of various packaging units in different regions for various segments such as food, beverages, and pharmaceutical. The company has adopted acquisitions as its key strategy from 2011 to 2015. It acquired companies such as Nampak Flexibles (Australia), Zhongshan Tian Cai (China) Detmold Flexibles (Australia), Jiangsu Shenda Group (China), and Aperio Group (U.S.) during the period 2011 to 2015.
Sonoco Products Company is a global provider of innovative and sustainable packaging solutions. The company has more than 335 operations in 33 countries across North America, Europe, and Asia-Pacific. It serves a variety of industries such as automotive, pharmaceuticals, and shopping goods. The business segments of the company include Consumer Packaging, Display & Packaging, Paper & Industrial Converted Products, and Protective Solutions. It provides plastic, rigid paper, and flexible packaging. The company has opted organic and inorganic growth strategies to capture the market. In March 2015, the company signed an agreement to acquire a majority interest in Graffo Paranaense de Embalagens S/A (Brazil).
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