Blister Packaging Market Driver- Cost-effectiveness

The global blister packaging market size is estimated at USD 24.1 billion in 2020 and is projected to reach USD 34.1 billion by 2025, at a CAGR of 7.2%, between 2020 and 2025. Blister packaging is a transparent, portable packaging material, with a flat base and raised cover of plastic, which is tamper-evident and resistant to moisture, protecting the product from damage. The product to be packed is attached to the base substrate, which could be paperboard, rigid plastic, or aluminum foil. A molded, transparent plastic film is sealed to the base substrate through the heat-sealing process. The transparent plastic film offers high visibility of the product.

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There has been a gradual shift in consumer choice from traditional bottles for pharmaceutical products to blister packaging, which is unit-dose packaging. Blister packs are used in the healthcare industry for drugs and medical devices. They are also used in wide applications in consumer goods, industrial goods, and food industries. Moreover, blister packaging requires fewer resources for packaging, occupy less retail shelf space, and offer an excellent hang-hook display. Hence, blister packs are available at a lower cost as compared to other packaging formats, such as rigid bottles, making them cost-effective.

Emerging economies offer high growth potential to the Blister Packaging Market

Emerging economies such as BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) are poised to account for much of the global growth for blister packaging in the upcoming years. Growth in these countries is mainly driven by the favorable demographics, rising household incomes, and changing lifestyles of consumers, encouraging a rising preference for on-the-go products. These factors induce changes in lifestyle that lead to greater demand for convenience in terms of packaging and use.

APAC is the fastest-growing market for blister packaging market

APAC is expected to register the highest CAGR during the forecasted period, owing to the rapid expansion of end-use sectors such as healthcare, food, and consumer & industrial goods sectors. Factors such as rising disposable income, growing middle-class population, rising consumption of high visibility products, and the growing healthcare industry will support the growth of the blister packaging market over the forecast period.

Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austrai), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), and Display Pack (US) are the key players operating in the blister packaging market.

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5 Top Recent Development in Blister Packaging Market

The blister packaging market size is projected to grow from USD 24.1 billion in 2020 to USD 34.1 billion by 2025, at a CAGR of 7.2%. The blister packaging market is witnessing growing demand from end-use industries such as healthcare, food, consumer goods, and industrial goods. Its growth is attributed to cost-effectiveness and tamper-evident design for product protection.

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APAC is the fastest-growing market for blister packaging market

APAC is expected to register the highest CAGR during the forecasted period, owing to the rapid expansion of end-use sectors such as healthcare, food, and consumer & industrial goods sectors. Factors such as rising disposable income, growing middle-class population, rising consumption of high visibility products, and the growing healthcare industry will support the growth of the blister packaging market over the forecast period.

Recent Developments

1. In January 2021, Sonoco Products Company entered into partnership with Integrated Systems, Inc. (US). This partnership will help the company to enhance its automation activities and increase efficiency in global manufacturing operations.
2. In September 2020, Amcor Plc developed first recyclable retort flexible packaging with improved environmental footprint of packaging to 60% (approximately). This will allow recycling of high-performance packaging such as wet pet food, ready-meals, baby foods, and pre-cooked soups.
3. In August 2020, Sonoco Products Company acquired Can Packaging (France). This acquisition will add two manufacturing facilities, and a R&D facility to the company’s existing assets and fortify its market position in Europe region.
4. In July 2020, Dow launched INNATE TF an extension to INNATE precision packaging family. It is a polyethylene resin for tenter frame biaxial orientation films. These are high performance, recyclable, and consumer convenience films.
5. In May 2020, Constantia Flexibles acquired TT print (Russia). This acquisition will add pharmaceutical packaging production plant to the company’s asset and will strengthen its pharma division.

Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austrai), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), and Display Pack (US) are the key players operating in the blister packaging market.

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Amcor Plc (Switzerland) and Dow (US) are Leading Players in the Blister Packaging Market

The global blister packaging market size is estimated at USD 24.1 billion in 2020 and is projected to reach USD 34.1 billion by 2025, at a CAGR of 7.2%, between 2020 and 2025. Blister packaging is a transparent, portable packaging material, with a flat base and raised cover of plastic, which is tamper-evident and resistant to moisture, protecting the product from damage. The product to be packed is attached to the base substrate, which could be paperboard, rigid plastic, or aluminum foil. A molded, transparent plastic film is sealed to the base substrate through the heat-sealing process. The transparent plastic film offers high visibility of the product.

The key players in the blister packaging market are as Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US). The blister packaging market report analyzes the key growth strategies adopted by the leading market players, between 2015 and 2020, which include expansions, merger & acquisition, new product developments, and collaborations.

To know about the assumptions considered for the study download the pdf brochure

Amcor Plc (Switzerland) was formerly known as Australian Paper Manufacturers (APM) and it changed its name to Amcor Plc in May 1986. Amcor Plc 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. Amcor Plc is currently focusing on reducing the packaging footprint by making the packaging lighter, increasing recycling of raw materials, developing efficient transport packaging and re-closable packaging, and creating packaging sustainable to heat treatment. The key strategy of Amcor Plc 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 operations in 43 countries in Europe, North America, and emerging countries such as India and China with more than 180 operating sites.

• In September 2020, The company developed first recyclable retort flexible packaging with improved environmental footprint of packaging to 60% (approximately). This will allow recycling of high-performance packaging such as wet pet food, ready-meals, baby foods, and pre-cooked soups.

Dow (US) combines science and technology to develop innovative solutions. It operates through three business segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics.The company deals with the supply of raw materials to manufacturers. It caters to the paints & coatings, advanced materials, agro sciences, feed stocks, and energy & plastics industries. It also serves other industries such as building & construction, electronics, automotive, furniture, and housewares. Dow’s diversified portfolio of specialty chemical, advanced materials, agrosciences, and plastics businesses deliver a broad range of technology-based products and solutions to customers in various countries and in high growth sectors such as packaging, electronics, water, coatings and agriculture. The diversified product portfolio results in the different revenue streams as well.

• It operates in over 180 countries and is one of the biggest chemical companies in the world in terms of revenue. The company manufactures more than 5,000 products across 214 sites in 37 countries, globally. It faces competition from Amcor Plc (Switzerland).

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Emerging economies offer high growth potential to Blister Packaging Market

The blister packaging market size is projected to grow from USD 24.1 billion in 2020 to USD 34.1 billion by 2025, at a CAGR of 7.2%. The blister packaging market is witnessing growing demand from end-use industries such as healthcare, food, consumer goods, and industrial goods. Its growth is attributed to cost-effectiveness and tamper-evident design for product protection.

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Emerging economies such as BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) are poised to account for much of the global growth for blister packaging in the upcoming years. Growth in these countries is mainly driven by the favorable demographics, rising household incomes, and changing lifestyles of consumers, encouraging a rising preference for on-the-go products. These factors induce changes in lifestyle that lead to greater demand for convenience in terms of packaging and use.

There has been a gradual shift in consumer choice from traditional bottles for pharmaceutical products to blister packaging, which is unit-dose packaging. Blister packs are used in the healthcare industry for drugs and medical devices. They are also used in wide applications in consumer goods, industrial goods, and food industries. Moreover, blister packaging requires fewer resources for packaging, occupy less retail shelf space, and offer an excellent hang-hook display. Hence, blister packs are available at a lower cost as compared to other packaging formats, such as rigid bottles, making them cost-effective.

Recent Developments

1. In January 2021, Sonoco Products Company entered into partnership with Integrated Systems, Inc. (US). This partnership will help the company to enhance its automation activities and increase efficiency in global manufacturing operations.
2. In September 2020, Amcor Plc developed first recyclable retort flexible packaging with improved environmental footprint of packaging to 60% (approximately). This will allow recycling of high-performance packaging such as wet pet food, ready-meals, baby foods, and pre-cooked soups.

The key players in the blister packaging market are as Amcor Plc (Switzerland), DOW (US), WestRock Company (US), Sonoco Products Company (US), Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (US), Honeywell International Inc. (US), Tekni-Plex (US), Display Pack (US). The blister packaging market report analyzes the key growth strategies adopted by the leading market players, between 2015 and 2020, which include expansions, merger & acquisition, new product developments, and collaborations.

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COVID-19 impact on the Blister Packaging Market (worth 28.38 Billion by 2022)

The report “Blister Packaging Market by Material (Paper & Paperboard, Plastic, Aluminum), Type (Carded, Clamshell), Technology (Thermoforming, Cold Forming), End-use Sector (Healthcare, Consumer, Industrial Goods), and Region – Global Forecast to 2022″, The blister packaging market size is projected to grow from USD 18.65 Billion in 2016 to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%.

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The primary objective of the study is to define, segment, and project the blister packaging market size on the basis of type, technology, material, end-use sector, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospecdts, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as acquisitions, new product launches, expansions & investments, and research & development activities in the blister packaging market.

The market ecosystem involves various stakeholders in the blister packaging market. It starts with the raw material suppliers such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), The Dow Chemical Company (U.S.), WestRock Company (U.S.), and Sonoco Products Company (U.S.), that are the manufacturing companies of the blister packaging. The next level in the chain involves the assembly team that is monitored by the manufacturers such as Constantia Flexibles (Austria), E.I. du Pont de Nemours and Company (U.S.), Klockner (Germany), Honeywell International Inc. (U.S.), Tekni-plex, Inc. (U.S.), and Display Pack, Inc. (U.S.). It is followed by the marketing and sales of the finished products, which is only possible if an efficient distribution channel is developed. Finally, the end products are distributed to the consumers.

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Based on End-Use Sector, the market has been segmented as follows:

• Heathcare
• Consumer goods
• Industrial goods
• Food

The following customization options are available for the report:

• Product matrix which gives a detailed comparison of the market for different recycled product types
• Further analysis of blister packaging market for additional countries
• Detailed analysis and profiling of additional market players (up to five)

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Thermoforming segment gain maximum share during the forecast period in Blister Packaging Market

The blister packaging market size is projected to grow from USD 18.65 Billion in 2016 to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%. The global blister packaging market is witnessing demand, owing to the rise in manufacturing activities and growth in demand for conveniently packaged products. Growth in demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and South American regions.

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The materials on which the thermoforming process is used include low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), and others such as acrylic. Thermoforming technology is widely used to manufacture aluminum and plastic blister packs.

Thermoforming of plastics require low initial tooling and equipment cost as compared to injection and blow molding techniques. Thermoformed plastic films give wide design scope and a visually pleasing appearance leading to a rise in its demand for blister packaging.

Under the end-use sector, the healthcare sector is projected to grow at the highest rate due to the high demand for pharmaceutical packaging as it offers durability and product protection & security features. Blister packaging for healthcare products reduces the possibility of product contamination. It also protects healthcare products from moisture, gas, light, and temperature.

North American region accounted for the highest share in the total market of blister packaging market, in terms of value, followed by Asia-Pacific and Europe, owing to manufacturers’ focus on developing low-cost blister packaging options. However, as the blister packaging market in developed countries is matured, the markets in U.S. and Canada are projected to grow the highest rates from 2016 to 2022. The Asia-Pacific region is projected to register the highest growth during the forecast period; this is attributed to the large customer base for FMCG products and consumer durables, due to the growth in population in countries of this region; this, in turn, is expected to lead to the growth of the blister packaging market.

High initial capital investments has caused an unfavorable impact on the profitability of the packaging industry. The global blister packaging market is dominated by players such as Amcor Limited (Australia), The Dow Chemical Company (U.S.), WestRock Company (U.S.), Bemis Company, Inc. (U.S.), and Sonoco Products Company (U.S.). Other payers include Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (U.S.), Honeywell International (U.S.), Display Pack, Inc. (U.S.), Tekni-Plex, Inc. (U.S.), and Pharma Packaging Solutions (U.S.). These players adopted various strategies such as acquisitions, new product launches, agreements & collaborations, and expansions to cater to the needs of the blister packaging market.

Amcor Limited (Australia) and Sonoco Products (U.S.) are the Top Players in the blister packaging Market

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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The Growth of Blister Packaging Was Largely Influenced by Acquisitions, Expansions, New Product Launches, and Agreements & Collaborations in the Past Five Years

The blister packaging market is growing rapidly in accordance with the growth in the packaging market, globally. Factors such as cost-effectiveness and growth in demand for food packaging products have largely contributed to the growth of the blister packaging market. The blister packaging market is classified on the basis of technology, type, material, end-use sector, and region. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for blister packaging, in terms of value, is projected to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%.

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The growth of blister packaging was largely influenced by acquisitions, expansions, new product launches, and agreements & collaborations in the past five years. The years 2011–2016 experienced a large number of acquisitions adopted by top players in the market. Expansions also formed an essential part of their strategies, which led to the flow of considerable income within the company. New product launches and agreements & collaborations also formed an essential part of their strategies, which led to their growth in emerging markets. The major players include companies such as 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 include Constantia Flexibles (Austria), Klockner Pentaplast Group (Germany), Tekni-Plex, Inc. (U.S.), Pharma Packaging Solutions (U.S.), and Display Pack, Inc. (U.S.).

Amcor Limited (Australia) held the leading position in the global blister packaging market in 2015. The company has maintained its leadership position through its strong distribution network across

Asia-Pacific, Europe, the Americas, and emerging markets. Amcor Limited is among the leading manufacturers of blister packaging for many of the markets it serves. It has adopted acquisition as its key strategy to capture the market. In October 2015, Amcor’s Rigid Plastics Business Group acquired Encon’s (U.S.) preform manufacturing business for USD 55 million. The acquisition strengthened the company’s position in the U.S. and enhanced the overall product portfolio in a variety of segments such as food & beverages and household.

Bemis Company, Inc. (U.S.) is a global provider of flexible packaging solutions. The company innovates and offers blister packaging solutions for various applications. Bemis Company adopted acquisitions as its key strategy to gain a competitive advantage in the market. In December 2015, Bemis Company acquired Emplal Participações S.A. (Brazil), a manufacturer of rigid plastics for food and consumption applications. The acquisition enhanced the company’s position in Latin America and strengthened its product portfolio.

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Related Reports:

Blister Packaging Market by Material (Paper & Paperboard, Plastic, Aluminum), Type (Carded, Clamshell), Technology (Thermoforming, Cold Forming), End-use Sector (Healthcare, Consumer, Industrial Goods), and Region – Global Forecast to 2022

Blister Packaging Market worth 28.38 Billion by 2022

The report “Blister Packaging Market by Material (Paper & Paperboard, Plastic, Aluminum), Type (Carded, Clamshell), Technology (Thermoforming, Cold Forming), End-use Sector (Healthcare, Consumer, Industrial Goods), and Region – Global Forecast to 2022″, The blister packaging market size is projected to grow from USD 18.65 Billion in 2016 to reach USD 28.38 Billion by 2022, at a CAGR of 7.2%.

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Browse 151 market data tables and 71 figures spread through 183 pages and in-depth TOC on “Blister Packaging Market”

The global blister packaging market is witnessing demand, owing to the rise in manufacturing activities and growth in demand for conveniently packaged products. Growth in demand from the healthcare industry also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and South American regions.

“Thermoforming segment, by technology, to gain maximum share during the forecast period during the forecast period”

The materials on which the thermoforming process is used include low density polyethylene (LDPE), high density polyethylene (HDPE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), and others such as acrylic. Thermoforming technology is widely used to manufacture aluminum and plastic blister packs. Thermoforming of plastics require low initial tooling and equipment cost as compared to injection and blow molding techniques. Thermoformed plastic films give wide design scope and a visually pleasing appearance leading to a rise in its demand for blister packaging.

“Carded blister packaging market segment is estimated to have the largest share in 2015”

The blister packaging market, on the basis of type, is classified into carded and clamshell. The carded segment accounted for the largest share in 2015, due to its ability to form different shapes, stack many products, and its ease of handling and damage prevention properties. The increase in demand for consumer durables, pharmaceuticals, and food & beverages supports the growth of the blister packaging market.

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“Asia-Pacific projected to be the largest share in the blister packaging market in 2022”

On the basis of key regions, the blister packaging market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North American region held the largest share among all the regions in 2014. This is mainly due to the rise in consumption of packed products, focus on reducing packaging waste, rise in healthcare awareness, and continuous innovation & technological developments in both pharmaceutical & medical industries, which are further transforming the healthcare packaging industry, thereby driving the growth of the blister packaging market.

The major players include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), The Dow Chemical Company (U.S.), WestRock Company (U.S.), Sonoco Products Company (U.S.), Constantia Flexibles (U.S.), Klockner Pentaplast Group (Germany), E.I. du Pont de Nemours and Company (U.S.), Honeywell International (U.S.), Tekni-plex, Inc. (U.S.), Display Pack, Inc. (U.S.), and Pharma Pack, Inc. (U.S.). Companies have adopted strategies such as acquisitions, expansions, new product launches, and agreements & collaborations to cope with the increase in demand in the emerging markets.