Blister Packaging Market expected to show steady growth by 2024
Sarasota, FL -- (SBWIRE) -- 10/16/2017 -- The blister packaging demand is increasing in the healthcare industry due to the need for convenient and tampered-free packaging. This kind of packaging safeguards the medicines and small medical devices from moisture, odor, oxygen, and also increases their lifespan. The use of automated techniques in blister packaging is expected to influence the global market.
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The growth of the blister packaging market is rising due to increasing demand for blister packaged products by the aging population, healthcare industry. The rising awareness regarding packaged products, technological advancements in the medical and pharmaceutical industries, reduction in package wastage, and high packaged product consumption are influencing the growth of the blister packaging market. The blister packaging for healthcare products reduce product contamination, protects the product from oxygen, moisture, gas, temperature, and light. The blister packaging wide design scope and a visually pleasing appearance boost its demand globally.
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The global blister packaging market is divided on the basis of technology, heat seal coating, material, application, and region. The technology segment is further bifurcated into cold forming and thermoforming. The heat seal coating segment is categorized into solvent-based and water-based heat seal coatings. The material segment is divided into aluminum, paper and paperboard, and plastic film. The plastic film sub-segment is further segmented into PVC, rigid PVC, PP, PET, PS, PE, and OPA. The paper and paperboard subsegment is bifurcated into SBS, WLC, and CUK. The application segment is categorized into industrial goods, consumer goods, foods, and healthcare. The industrial goods subsegment is segmented into a motor vehicle or spare parts, tools and related goods, aerospace components. The consumer goods subsegment is bifurcated into cosmetics and toiletries, consumer electronics, toys and related goods, stationery, and electrical components. The healthcare subsegment is further categorized into medical and pharmaceutical. The foods subsegment is divided into prepared meals, confectionery, meat, poultry, and seafood and dairy products. The regional segmentation includes North America, Asia-Pacific, Europe, Latin America, and Rest of the World. The thermoforming and healthcare segment accounts for the largest market.
Increasing demand from the healthcare industries in the emerging regions such as Latin America and Asia-Pacific propel the growth of the blister packaging market in those regions. The escalating demand for packed products, package wastage reduction, healthcare awareness, and innovation and technological developments in the medical and pharmaceutical industries are factors boosting the European market. Thus, Europe dominates the blister packaging market.
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The global blister packaging market ecosystem includes Amcor Limited, Bemis Company, Inc., WestRock Company, Honeywell International, The Dow Chemical Company, Owens-Illinois, and Sonoco Products Company. The other key players include Catalent Pharma Solutions, Tekni-Plex, Inc., Compass Pharma Services, Klockner Pentaplast Group, Constantia Flexibles, Innovative Plastics, Pharma Packaging Solutions, and Display Pack, Inc.