Pharmaceutical Blister Packaging Market Projected to Expand at 5.4% CAGR Through 2028
The Global Pharmaceutical Blister Packaging Market is projected to grow at a CAGR of around 5.4% during the forecast period, ie, 2023-28. With several new diseases that keep coming every year, the demand for medicines has also increased alongside, which, in turn, has influenced the adoption of packaging solutions positively. The most adopted methods would be flexible packaging options like blister packaging. In order to achieve quick and reliable packing for bulk operations, blister packaging is used as they exhibit tamper-free and leak-proof packaging options. This aspect is likely to drive the market through 2028.
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Strategic Takeaways from the Report:
- Market Sizing and Forecasting
- Regulatory and Policy Influence
- Competitive Trends and MA Activity
- Innovation Drivers and Disruptive Technologies
- Investment Hotspots and Emerging Niches
- Geographical Dynamics and Trade Flows
Pharmaceutical Blister Packaging Market Segment Overview Classification
This market is categorized to offer targeted insights across various operational and consumer-related verticals.
Segment List:
By Material Type
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Aluminium
- Others (Polyolefin (PO), Paper Solutions, etc.)
By Technology
- Thermoforming
- Cold Forming
Here, Thermoforming Technology is expected to attain a swift growth pace during the forecast period. This ascension primarily attributes to the comparative upper edge the technology offers over cold forming. The potential benefits include remarkable transparency and ease of customization. Other than this, the thermoforming technology also supports safe transit owing to smaller and tightly defined compartments that downsize the risk of damage. The thermoforming technology has garnered considerable attention from manufacturers in the past few years because of the high volume manufacturing capability paired with reliability, hygiene, and consistency. Further, the associated low-cost, effective administration and convenience have again paved the way for more adoption of thermoforming techniques.
By Application
- Tablets and Capsules
- Syringes
- Ampoules
- Medical Device
- Others (Vials, etc.)
By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific.
Among all regions, North America is anticipated to exhibit enormous growth potential in the Global Pharmaceutical Blister Packaging Market during the forecast period. It ascribes predominantly to the expansive incorporation of blister packs for packaging OTC drugs or sometimes samples of drug products. In recent years, consumers have demonstrated a rapid inclination for OTC medicines on a much broader scale. According to Consumer Healthcare Products Association, average U.S. households spend around US$ 338 per year on OTC medicines. Besides, the recent tendency relating to compliance with the prescribed healthcare protocols in the U.S. is expected to observe a positive influence on the market across the region.
These divisions help clarify demand patterns and expected shifts.
Market Opportunities
Innovation in Pharmaceutical Blister Packaging Solutions - Integrating the blister packaging with robust technologies might bring a plethora of opportunities for the new entrants seeking to invest and getting benefitted out of this lucrative possibility. As such, Innovation in blister packaging can simplify product tracking on smartphones with real-time reminders regarding patients' medicine intake. It may also lead disabled persons, like the blind identify pharmaceutical drug requirements and details printed on blister packs. Thus, companies may focus on developing pharmaceutical blister packaging solutions with attributes that offer easy access to basic product information.
Pharmaceutical Blister Packaging Market Competitive Snapshot from 2023-2028
The report highlights established and emerging players in the global Pharmaceutical Blister Packaging Market, evaluating their strengths, challenges, and potential for innovation.
Key Competitors Include:
- Amcor PLC
- WestRock Company
- Constantia Flexibles
- Renolit SE
- Carcano Antonio
- Sonoco Products Company
- Klockner Pentaplast Group
- Du Pont De Nemours and Company
- PCI Pharma Services
- SteriPack Group
- Others.
Their activities include partnerships, product launches, and geographic expansions.
Pharmaceutical Blister Packaging Industry Prime Challenge
The Advent of Cost Effective and Eco-Friendly Blister Packages - Citing the hazardous impact of single-use plastics and materials like PVC, PVDC, foil, etc., on the environment, manufacturers are adopting eco-friendly raw materials for blister packages, making a substantial shift towards sustainability. For instance, Bilcare Research Inc., a blister packaging manufacturer, launched ECOmply, which blends PVC film with a special additive to make it biodegradable. In fact, companies are willing to procure eco-friendly blister packaging machines suitable for packaging products from low to high volume production potential. Along similar lines, the leading players are relentlessly investing in RD activities to develop eco-friendly and cost-effective pharma blister packaging that can withstand mechanical, thermal, and biological stress during the blister-forming process.
Frequently Asked Questions (FAQs):
- What industries are most impacted by this market?
- How is technology reshaping operations and offerings?
- Which competitors dominate the landscape?
- What risks could disrupt market expansion?
- How should businesses respond to demand fluctuations?
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