The global blister packaging market was pegged at around 2,350 kilo tons in 2018, in terms of volume, according to 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, Europe, Asia Pacific, and Middle East & Africa), published by Coherent Market Insights.
The global blister packaging market is expected to reach over 3,400 kilo tons by 2027, in terms of volume, exhibiting a CAGR of 4.2% over the forecast period.
Blister packs are different kinds of plastic-based pre-formed packaging products that is widely used for pharmaceuticals, small sized consumer goods, and foods products. The primary component of the blister packaging products is void or cavity formed by plastic, usually thermoformed plastic. This is usually covered with lidding seal of aluminum or plastic as well as paperboard. Blister packaging offers various advantages such as protection of the packaged product from various surrounding factors such as humidity and unwanted contamination of the product for extended period of time.
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Key Trends and Analysis of the Blister Packaging Market:
Key Takeaways of the Market
Among regions, according to Coherent Market Insights, Asia Pacific is expected to witness significant growth and eventually surpass 1,800 kilo tons, in terms of volume, by the end of 2027. The rapid growth of pharmaceutical industry observed in the region is expected to drive demand for packaging solutions for medicines. For instance, according to the Indian Brand Equity Foundation’s (IBEF) report, in 2017, the pharmaceutical industry in India was valued at US$ 33 billion. Moreover according to the same source, in 2019, the pharmaceutical exports from India reached US$ 19.14 billion, from US$ 17.27 billion in 2018. This scenario is expected to drive growth of the global blister packaging market during the forecast period.