Cold Form Blister Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Cold Form Blister Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Cold Form Blister Packaging Market

The cold form blister packaging market size was valued at USD 4.24 billion in 2023, and the market is now projected to grow from USD 4.44 billion in 2024 to USD 6.38 billion by 2032, exhibiting a CAGR of 5.33% during the forecast period of 2024-2032.

The COVID-19 outbreak affected the development of the cold form blister packaging market because the production and sales of medicines increased during the pandemic. He noted that there was expansion in healthcare needs and therefore development of medicines, vaccines and everything related to it and packaging was therefore needed. Nevertheless, due to disruptions of the supply chain and shortage of raw materials, production and distribution became problematic. The pandemic brought to light protection especially for the cold chain and temperature sensitive products and so there were improvements sought and developed in the cold form blister packaging globally for healthcare needs.

The trends currently being evident in the cold form blister packaging industry include sustainability and improved barrier properties. Sustainable resources are emerging as a trend in the market as organizations strive to make their products environmentally friendly. Furthermore, they describe an increased trend in high barrier packaging to accommodate moisture, oxygen and light-sensitive medicines. It has been revealed that automation and the digital printing is being incorporated to enhance efficiency and differentiation1. As biologics, specialty drugs and obscure drug forms will continue to be developed in the years to come, the need for sophisticated packaging systems will increase rapidly. Thus, all the above mentioned factors are contributing towards the cold blister packaging market growth.

The cold form blister packaging market is propelled by the demand for the packaging of pharmaceuticals products; especially because of the increased incidences of chronic and other diseases as well as an aging population. It is so helpful for drug stability because of its better barrier properties that can guard sensitive medications from moisture, oxygen and light. Increase in consumption of biologic and specialty drugs subsequently increases the usage of high barrier packaging. Also disposable packaging and orientation towards eco friendly packaging material and pound packaging technology has given a boost to market growth. Market entry is also driven by compliance to regulatory measures in handling safe and secure packaging of drugs.

Comprehensive Analysis Cold Form Blister Packaging Market

Cold form blister packaging materials include aluminium, oriented-polyamide, polyvinyl chloride, polyethylene, polypropylene and polyethylene terephthalate. It therefore provides enhanced barrier against moisture, oxygen and light and thus suitable for sensitive products. Aluminum is used for barrier properties and oriented-polyamide and PET films are used for strength and durability. PVC, PE and PP offer flexibility and formability to the material. These packagings are used mainly in the sectors of pharmaceutical and electronics and semiconductor, as well as food and consumer goods, and other industries that require product integrity and safety during storage and transportation.

The cold form blister packaging market is dominated by the Asia-Pacific region due to increasing expansion in the pharmaceuticals and electronics industries. It is attributed primarily to a rising population base of the countries such as China and India and growth in the health care demands. Moreover, the electronics and semiconductor that is rapidly developing in the region adds on the protective packaging product need. Affordability in production, increased focus on R & D and sustainability innovations serves to solidify Asia-Pacific’s leadership in the cold form blister packaging market share.

Key players in this sector Constantia Flexibles (Austria), Amcor (Switzerland), Bilcare Limited (India), Honeywell International Inc. (U.S.), TekniPlex (U.S.), UFlex Limited (India), Liveo Research AG (Switzerland), Aphena Pharma Solutions (U.S.)

A trend expected to further shape the cold form blister packaging market in 2024 revolves around the increasing use of recyclable aluminum based blister packs popular in the pharmaceutical industry. This develops into a product innovation into the sustainability strategy embraced by most manufacturers, in their desire to limit the application of plastics while at the same time ensuring that they deliver high barrier protection to sensitive drugs. Aluminum is highly appropriate to the environment and meets all the required regulations due to its recyclability and protective properties. Also, progress in the lightweight multilayer technology enhances the product utility by decreasing the amount of material used and increasing shelf life and durability to satisfy the current market environmentally safe and might secure packaging.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.1% from 2023 to 2030

Unit Value (USD million)

Segmentation By Product Type, End-User, and Region

Segmentation By Product Type

Rolling Flat Dies

Thread Rolling Cylindrical Dies

Rotary Type Thread Rolling Dies

Rack Type Rolling Dies

Trimming Dies

Round Dies

Others (Drill Point Dies)

By End-User

Automotive

White Goods

Medical

Cutlery

Consumer Electronics

General Engineering

Others (Marine)

By Region

North America (By Product Type, End-User and Country)

U.S.

Canada

Europe (By Product Type, End-User and Country)

U.K.

Germany

France

Italy

Spain

Russia

BENELUX

Nordics

Rest of Europe

Asia Pacific (By Product Type, End-User and Country)

China

India

Japan

South Korea

ASEAN

Oceania

Rest of Asia Pacific

Middle East & Africa (By Product Type, End-User and Country)

Israel

Turkey

GCC

North Africa

South Africa

Rest of Middle East & Africa

South America (By Product Type, End-User and Country)

Brazil

Argentina

Rest of South America


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