Cold Form Foil market - Global Industry Analysis, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 01/11/2018 -- Cold form foil is an aluminum based film, also known as cold-form foil blisters especially in the pharmaceutical sector. Cold form foil, not only provides an impervious barrier to moisture, oxygen and other gasses, but also offers complete protection of the drugs, maintains the product integrity in order to show high tolerant compliance rate. Hence, the cold form foil market is highly influenced by the growing packaging demand from pharmaceutical industry. Pharmaceuticals packaging manufacturers are implementing new methods coupled with product advancements like tamper-evident and senior-friendly packages worldwide. Rising stringent regulations and environmental apprehensions which are imposed by Food and Drug administration (FDA) and World Packaging Organization (WPO) for sealing and labeling are projected to strengthen growth in the cold form market.
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The growth of cold form foil is attributed to the growing demand for advanced medical amenities from the consumers and adoption of numerous healthcare programs in developing countries. Nowadays, manufacturers are considering cost-effective and high quality alternatives for producing convenient packages for the end-users, which in turn, drives the demand for cold form foil market. Increasing consumption of packaging materials that provides protection as well as safety for the extension of product shelf life is expected to further drive the cold form foil market in the near future. Though cold form foil market size is growing at an impressive rate, there are factors that prohibit the growth of cold form foil market, like lack of translucency of the packages, slower production speed capacity as compared to the thermoforming and huge sizes of the blister packages which hinder the growth of the cold form foil market.
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On the basis of region, cold form foil finds its market scope in five regions, which includes North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Europe, dominates the cold form foil market, followed by North America. The growth in Europe region is attributed to the increasing pharmaceutical sectors coupled with the rising availability of raw materials.