Blister Packaging Market was valued at USD 13,484.4 million in 2022 and is expected to grow at a 11.4% CAGR from 2023 to 2029. Blister packaging is a type of plastic packaging which is made from heating a sheet of plastic and moulding it into shape to form a bubble or pocket which is called ‘blister’. Increasing focus in reducing the size of packaging along with growing demand for attractive and convenient packaging solutions are expected to drive the growth of blister packaging market over the forecast years. In addition, increasing focus of manufacturers in providing innovating packaging solutions along with growing adoption of robotic blister packaging machinery are expected to boost the growth of blister packaging market at a significant rate over the forecast period. Furthermore, increasing environment consciousness and growing adoption of eco-friendly materials in packaging industry is expected to further drive the market growth and the blister packaging made from biodegradable and compostable materials like PLA PVC free materials can be recycled and are more environmentally friendly than traditional packaging. For instance, according to sustainable packaging report 2022, 86% of consumer surveyed from 1,113 US consumers are likely to buy a product from retailer or brand if the packaging is considered sustainable. However, the high cost associated with packaging process and strict regulatory policies regarding packaging materials like use of PVC is banned in some industries due to environmental and health concern are expected to hinder the growth of blister packaging market over the forecast year. Moreover, factors like, introduction of new packaging material and technologies, use of blister packaging in e-commerce industry, and growing pharmaceutical and medical devices industries are anticipated to open a significant opportunity to the market players in the growth of blister packaging market over the forecast years. Geographically, Asia Pacific region held the major market share in 2022 and is expected to dominate the global blister packaging market in the forecasted years.
Blister Packaging Market Key Developments:
Fastest Growing Market
The blister packaging market is expected to grow over the forecasted period due to the increasing demand for tamper-evident packaging in pharmaceutical and healthcare industries. Tamper-evident packaging ensures that the product has not been tampered with or has been opened before reaching the end user. Pharmaceutical products require packaging which can maintain the product’s integrity and protect it from various environmental factors such as moisture, air, and light. Blister packaging provides all these requirements and ensures the product’s safety. Thus, these factors including the growing pharmaceutical industries is expected to drive the growth of blister packaging market over the forecast period.
Blister Packaging Market was valued at USD 13,484.4 million in 2022 and is expected to grow at a 11.4% CAGR from 2023 to 2029
The Blister Packaging market is segmented based on product type, technology type, end user, material type, and geography.
The leading players in the global Blister Packaging market are Klockner Pentaplast Group, Amcor PLC, Constantia Flexibles GmbH, Westrock Company, Honeywell International Inc., Sonoco Products Company, Blisterpak Inc, Algus Packaging Inc, Tekni-Plex, E.I. du Pont de Nemours and Company.
The Europe blister packaging market is likely to hold a significant revenue share and is expected to dominate the blister packaging market.