Global Blister Packaging Market is estimated to be valued at US$ 15.2 Billion in 2021, according to the Blister Packaging Market Report, by Product Type (Clamshells, Trapped Blisters, Face Seal Blisters, and Blister Cards), by Technology (Thermoforming and Cold Forming), by Material Type (Plastic, Paper & Paperboard, and Aluminum), by Application (Consumer Goods, Pharmaceuticals, Electronics & Semiconductors, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
Global blister packaging market was valued at US$ 15.2 Billion in 2021. Blister packaging market is expected to register a CAGR of 6.9% over the forecast period (2022–2030). Blister Packaging is a type of packaging in which plastic-based pre-formed materials are used. This packaging is extensively used in applications such as pharmaceuticals, small sized consumer goods, food products, and others. They are of low cost, transparent and provide protection to the packaged product.
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Browse 50 market data tables* and 40 figures* on "Global Blister Packaging Market” - Forecast to 2030.
Key Trends and Analysis of the Global Blister Packaging Market:
- On the basis of product type, in 2021, blister cards accounted for largest market share of 36% in terms of volume, followed by clamshells and face seal blisters, respectively. Blister card is widely used in packing of smaller consumer goods, food products, small medical devices, and pharmaceutical products, owing to its ability to be molded into different shapes and its cost-efficiency.
Key Takeaways of the Global Blister Packaging Market:
- Asia Pacific is expected to witness significant market share during the forecast period in the global blister packaging market, owing to growth of the pharmaceutical industry, rising demand for consumer goods, product innovations by market players and presence of large consumer base in the region. The major countries contributing towards the market growth are China and India due to large manufacturing industries related to pharmaceuticals, consumer goods and food manufacturers present in these countries. According to the India Brand Equity Foundation, Indian pharmaceutical exports were estimated to be US$ 24.44 billion in 2021 and US$ 22.21 billion in 2022 (until February 2022).
- New product launches, merger & acquisitions and strategic partnership expansion, for the blister packaging plants are key strategies adopted by players in the global blister packaging market. For instance, in April 2022, Huhtamaki, a global company which provides sustainable packaging solutions and consumer packaging launched Push Tab blister lid which is a sustainable innovation for the pharmaceutical and healthcare industry. It is free from aluminium and a mono-material Polyethylene terephthalate PET. It improves recyclability of the packaging.