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Global Blister Packaging Market to Grow at a CAGR of 5.81% During the Period 2016-2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Blister Packaging Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 10/19/2016 -- Report forecast the global blister packaging market to grow at a CAGR of 5.81% during the period 2016-2020.

The pharmaceutical industry employs blister packaging to pack medicines and small medical devices as it reduces production time and offers increased product protection. The adoption of this packaging solution is the highest in this industry because of rapid growth in the demand for tamper-evident and convenient packaging. Blister packaging protects solid dose pharmaceuticals from oxygen, moisture, odor and also enhances shelf life. Blister packaging will gain popularity because of its flexibility to the unit-dose format with high visibility, expanded label content, and implicit track and trace features.

The report covers the present scenario and the growth prospects of the global blister packaging market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed profiling of the major vendors across the value chain of the global blister packaging market.

The market is divided into the following segments based on geography:
- Europe
- North America

According to the report, increase in medical compliance rates is a key driver aiding to the growth of this market. Patient adherence to medications drops by 45%-50% within the first four months of therapy. This not only affects the sales of the pharmaceuticals but also has adverse effects on the individual's health. Manufacturers are developing compliance packaging, which includes blister packaging to increase compliance to medication. Companies are looking to design and manufacture pharma packaging formats such as blister packs to encourage and remind patients to take their daily dosage, thereby increasing the compliance rate by 20 times, fostering the market for blister packaging.

Further, the report states that competition from other forms of packaging is a major challenge the market is facing. Folding cartons, strip packs, bubble packs, skin packaging, plastic bottles and tubes, pouches, windowed packaging, trays, containers, and clamshell packaging are some of the alternative packaging options available for pharmaceuticals, medical devices, food, and other consumer goods. Different types of packaging options offer various features and performance benefits. Increased innovation and product offerings by vendors of other packaging products also attract consumers. Furthermore, blister packaging will face stiff competition from pre-fillable syringes during the forecast period. The popularity of pre-fillable syringes can be attributed to their pre-measured dosage, which reduces dosing errors, thereby accentuating patient compliance.

Global Blister Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global blister packaging market: Amcor, Bemis, Owens-Illinois, Sonoco, and WestRock.

Market driver
- Cost reduction through automation
- For a full, detailed list, view our report

Market challenge
- Adverse effects of PVC films
- For a full, detailed list, view our report

Market trend
- Smart blister packaging
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 22 Exhibits "Global Blister Packaging Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by raw material, Geographic segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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