Global Pharmaceutical blister packaging Market Size study & Forecast, by Type (Compartment Blister Pack, Slide Blister Packs, Other Blister Packs), by Component (Films, Lidding Materials, Secondary Containers, Packaging Accessories) and Regional Analysis, 2022-2029
The global pharmaceutical blister packaging Market is valued at approximately USD 9.88 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3 % over the forecast period 2022-2029. Blister packaging is a cavity formed in plastic by thermoplastic, according to the size of the medical equipment, tablet, or any other commodity, and covered by a lid to encapsulate it safely. This method of packaging secures the medical item for safe use by incorporating various packaging components. The Pharmaceutical blister packaging market is expanding because of factors such as the rising demand for pharmaceuticals and increasing application of thermoforming technology in the forecast period.
According to Statista in 2022, the global pharmaceutical industry is rising including research, development, production, and distribution of medicines. Also, the global pharmaceutical industry generated revenue of around USD 1.42 trillion in 2021. Thus, with the rising across the pharmaceutical sector, the market is expected to grow. Whereas preference for tablets and capsules across the medical sector and growing R&D activities by market players create lucrative opportunities for the market. However, the shift from conventional materials to new recyclable materials hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Pharmaceutical blister packaging Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand, rising penetration of market players and technological advancement. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing awareness and stringent laws towards packaging.
Major market players included in this report are:
Amcor Limited
Constantia Flexibles
WestRock Company
Klockner Pentaplast Group
Sonoco Products Company
Honeywell International Inc.
RENOLIT SE
Winpak Ltd
Uflex Ltd
ACG Pharmapack Pvt Ltd
Recent Developments in the Market:
In April 2022, Amcor announced customer trials of AmSky, the world's first recyclable (Recyclability independently verified by cyclos-HTP) Polyethylene-based thermoform blister packaging, marking a breakthrough in blister packaging innovation. The new packaging meets the exacting standards of highly specialised and regulated pharmaceutical packaging. The new packaging eliminates PVC (PolyVinyl Chloride) by using a Polyethylene (PE) thermoform blister and lidding film. The company is collaborating with several pharmaceutical companies to bring AmSky to market globally, with the product expected to be available in the second half of 2022.
In April 2022, Klöckner Pentaplast (kp), a global player in recycled content products and high-barrier protective packaging, announced a multi-million dollar production expansion at its Beaver, West Virginia, manufacturing facility. The investment expands North American post-consumer recycled content (PCR) PET capacity. The expansion includes an extrusion line and two thermoformers, resulting in 15,000 metric tonnes of new rPET/PET capacity that will benefit consumer health, pharmaceutical, and food packaging offerings. The extrusion line will help to manufacture important sustainable product lines such as kpNext recyclable pharmaceutical blister films and Smart cycle recyclable label and consumer packaging films. The thermoformers will create kp Elite mono-material protein trays that are made from up to 100% recycled PET and are easily recycled, resulting in a circular economy.
Global Pharmaceutical blister packaging Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Component, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Compartment Blister Packs
Slide Blister Packs
Other Blister Packs
By Component:
Films
Lidding Materials
Secondary Containers
Packaging Accessories
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Companies Mentioned
Amcor Limited
Constantia Flexibles
WestRock Company
Klockner Pentaplast Group
Sonoco Products Company
Honeywell International Inc.
RENOLIT SE
Winpak Ltd
Uflex Ltd
ACG Pharmapack Pvt Ltd
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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