Latin America Blister Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The Latin American blister packaging market was estimated to be worth USD 1,285.4 million in the previous year. The market is expected to reach USD 1,966.1 million over the forecast period, recording a CAGR of 7.42%. The market size reflects the value of blister packaging across the end-user industries. Blister packaging refers to packaging in which the product is placed in pre-formed blisters or cavities and secured with cards or pads. This type of packaging is commonly used for consumer goods such as pharmaceuticals, industrial, and consumer goods.
Key HighlightsThe Latin American blister packaging market is highly fragmented, with the presence of major players like Amcor PLC, Tekni-Plex Inc., Constantia Flexibles Group GmbH, Klockner Pentaplast Group, and West Rock Company. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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