Nov 15, 2021   SOURCE: BusinessWire

Global Blister Packaging Market 2021-2026: Cost-effectiveness of Blister Packaging Drives Market Growth - ResearchAndMarkets.com

The "Global Blister Packaging Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

The global blister packaging market is forecast to grow at a CAGR of around 7% during 2021-26. The market growth is primarily due to cost-effectiveness, higher visibility, and fewer alternative resources for packaging.

Blister packaging offers a tamper-evident design for product protection and an excellent hang-hook display. Furthermore, growing industrialization and increasing consumption of packaged products are the factors presenting lucrative opportunities to drive the market.

Impact of COVID-19

The Covid-19 outbreak has augmented the blister packaging market. The pharmaceutical industry is the major end-user of blister packaging as it ensures the secured packing of pharmaceutical drugs without losing their efficacy.

Furthermore, due to the spread of coronavirus, the demand for pharmaceutical drugs has increased, leading to bolster the need for blister packaging. Additionally, the demand for packaged foods has also augmented owing to the imposition of lockdowns and shutdown of local vendors, thereby surging the blister packaging market growth.

Market Segmentation

Blister Clamshell Accounted for the Largest Market Share

Based on Type, the Blister Clamshell segment has acquired the largest share in the Global Blister Packaging Market in 2019. Clamshell package is comprised of two pieces of packaging material joint together to surround the product. It is transparent, provides an aesthetic look, and adds shelf appeal to the product. The blister clamshell packaging is for packing most retail and specialty food products.

It protects products from poor packaging conditions, securely seals them to prevent contamination, and preserves their freshness, thereby contributing to the market growth.

Thermoforming Grabbed the Highest Market Share

Within technology, the market is into the cold forming and thermoforming segment. In 2019, the thermoforming market held the largest share in the Global Blister Packaging Market owing to its diverse application.

Thermoforming packaging provides manufacturers with numerous design options and customizations, thereby increasing brand recognition and product visibility. Further, thermoformed packaging is durable and tamper-resistance, thus, increases the product shelf life.

Europe Holds the Largest Market Share

Region-wise, Europe dominated the Global Blister Packaging Market in 2019 due to stringent regulations regarding the overuse of packaging material as blister packaging helps minimize the package's size. In the UK, the pharmaceutical industry spends a high amount on R&D activities and employs skilled professionals for R&D roles. These investments can offer an opportunity for the blister packaging market growth.

Market Driver

Cost-effectiveness of Blister Packaging Drives the Market Growth

Over the past few years, there is a gradual shift from traditional packaging to blister packaging by various end-users as blister packaging requires fewer resources, offers an aesthetic look, and requires less shelf space. Therefore, blister packaging is the best option than other packaging kinds, such as rigid bottles, which costs a higher amount.

Key Questions Answered in the Market Research Report:

  • What are the primary overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Blister Packaging Market?
  • What are the region-wise industry size, growth drivers, and challenges?
  • What are the key innovations, opportunities, current & future trends, and regulations in the Global Blister Packaging Market?
  • Who are the key competitors, their key strengths and weaknesses, and how they perform in the Global Blister Packaging Market based on a competitive benchmarking matrix?
  • What are the key results derived from the market surveys conducted during the Global Blister Packaging Market study?

Companies Mentioned

  • Amcor PLC
  • Westrock Company
  • Constantia Flexibles GmbH
  • Sonoco Products Company
  • DuPont de Nemours Inc.
  • Blisterpak Inc.
  • Sinclair & Rush Inc.
  • Steripack
  • Mister Blister Limited
  • Formpaks International Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/o3elqv

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.