Showing posts with label Blister Packaging Market Trends. Show all posts
Showing posts with label Blister Packaging Market Trends. Show all posts

Tuesday, 14 June 2022

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.

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

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.

Read More: https://www.marketsandmarkets.com/ResearchInsight/blister-packaging-market.asp

Thursday, 10 February 2022

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.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=152751887

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.

Download PDF Brochure to Know More Assumption: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24775059

DS Smith (UK), Smurfit Kappa (Ireland) and CCL Industries Inc. (Canada) are leading players in Digital Printing Packaging Market

The global digital printing packaging market size is projected to grow from USD 29.4 billion in 2022 to USD 45.1 billion by 2027, at a CAGR...