Valley Cottage, NY -- (SBWIRE) -- 11/24/2017 -- Though predominantly used in the pharmaceuticals industry as primary packaging, blister packaging has slowly but steadily advanced into other end use industries such as consumer and industrial goods, food & beverages, and veterinary & nutraceuticals owing to advancements in technology. While the global demand for blister packaging remains dominant in the pharmaceuticals industry, Future Market Insights analyses the impact of the global blister packaging market across various end use industries in a new report.
The report further studies the different blister packaging product types as well as the technologies deployed and the various types of material used in manufacturing blister packaging products. A thorough analysis of the global blister packaging market across the different assessed geographies gives a holistic view of the market in various countries across the globe. The global blister packaging market is forecasted to be valued at about US$ 10 Bn in 2017 and is anticipated to reach a market valuation of almost US$ 19 Bn by the end of 2027, with a CAGR of 6.3%.
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The global blister packaging market is segmented on the basis of product type into Clamshell and Carded. The Carded segment is expected to be the largest segment during the forecast period 2017 – 2027, with an estimated value share of about 62% and reaching a market value in excess of US$ 11 Bn by the end of 2027. This reflects an increase of 60 basis points between 2017 and 2027 and a CAGR of 6.4% in terms of value during the forecast period. The Clamshell segment is anticipated to witness a value CAGR of 6.2% during this period.
The global blister packaging market is segmented on the basis of technology type into Cold Forming Technology and Thermoforming Technology. Thermoforming Technology is the largest segment in terms of market share, estimated to hold close to 70% share by 2027 end.
The global blister packaging market is segmented on the basis of material type into Plastic (Polyimide, PVC/Vinyl, PET, PE, Others), Aluminium, Paper & Paperboard, and Others. Plastic will dominate the market in terms of revenue share followed by the Aluminium segment. Estimated to be valued at about US$ 4.2 Bn in 2017, the Plastic segment will reach a market valuation of US$ 7.7 Bn by the end of 2027, witnessing a CAGR of 6.3%.
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The global blister packaging market has been studied across the key regions of North America, Latin America, Asia Pacific Excluding Japan, Western Europe, Eastern Europe, Japan, and Middle East & Africa. North America will remain the undisputed leader in the global market, holding a market share of over 30% throughout the forecast period.
The highlight of the report is a detailed section on the competitive landscape of the global blister packaging market with profiles of some of the top companies operating in the global market. Companies featured in the report include Amcor Limited, Bemis Company, Inc., Constantia Flexibles GmbH, Sonoco Products Company, Rohrer Corporation, Winpak Ltd., West Rock Company, Display Pack, Inc., ACG Pharmapack Pvt. Ltd., Klockner Pentaplast Group, Honeywell International, Inc., Uflex Ltd., Transparent Container