Evolve Business Intelligence has published a research report on the Global Blister Packaging Market, 2023–2033. The global Blister Packaging market is projected to exhibit a CAGR of around 4.94% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Blister Packaging Market: Amcor, WestRock Company, Sonoco Products Company, Berry Global Inc, Tekni-Plex, Constantia Flexibles Group GmbH, Huhtamaki Oyj, Winpak Ltd, Uflex Ltd, Prent Corporation.
Market Highlights
The Blister Packaging market is projected to be valued at USD 934.14 Billion by 2033, recording a CAGR of around 4.94% during the forecast period. Blister packaging refers to a type of packaging commonly used in the retail industry to enclose and protect products. It consists of a clear plastic or thermoformed blister, usually made of PVC (Polyvinyl Chloride) or PET (Polyethylene Terephthalate), which is formed to fit the shape of the product. The blister is sealed to a backing card or foil, creating a transparent and tamper-evident package that allows the product to be prominently displayed while protecting it from damage, contamination, and pilferage. Blister packaging is commonly used for small consumer goods, pharmaceuticals, electronics, and other retail products. It offers product visibility, and durability, and can include features like printed graphics, labeling, and information inserts for branding and product information.
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The Covid-19 pandemic had a negative impact on the blister packaging market. Disruptions in the global supply chain, reduced consumer spending on non-essential goods, a shift in consumer behavior towards online shopping, and the impact on the pharmaceutical industry were key factors contributing to this negative impact. The pandemic led to delays in the supply of raw materials, decreased demand for blister packaging due to reduced consumer spending and changes in shopping patterns, and disruptions in the pharmaceutical industry, which is a significant consumer of blister packaging. Overall, the pandemic had adverse effects on the blister packaging market.
Segmental Analysis
The global Blister Packaging market has been segmented based on Raw Material, Type, Production Technique, Application, and region.
Based on Raw Material, the Blister Packaging market is segmented based on Low-barrier Film, Medium-barrier Film, and High-barrier Film. High-barrier Film is expected to have the largest market share throughout the forecast period, while Medium-barrier films are expected to grow at the fastest rate.
Based on Type, the global Blister Packaging market has been divided into Calendar Packs, Carded Packs, and Clamshells. The Carded Pack segments are anticipated to dominate the market.
Based on the Production Technique, the global Blister Packaging market has been divided into Thermoforming, Cold Forming, and Thermos-cold Complex Blistering. The Cold Forming segments are anticipated to dominate the market.
Based on the Application, the global Blister Packaging market has been divided into Healthcare Products, Consumer Goods, and Industrial Goods. The Consumer Goods segments are anticipated to dominate the market.
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Regional Analysis
The Blister Packaging market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America: North America is known for its advanced packaging industry and strong healthcare sector. Europe is recognized for its stringent regulations and emphasis on sustainability. The Asia-Pacific region is experiencing significant growth due to its expanding consumer market and increasing manufacturing activities. Latin America shows potential with its growing pharmaceutical industry. The Middle East and Africa are witnessing a rising demand for blister packaging driven by urbanization and economic development. Overall, the blister packaging market presents opportunities and challenges across these diverse regions.
