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.