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The global blister packaging market has been growing at a fast rate and is projected to reach US$ 22.9 Bn by 2031 with an increase from the pharmaceutical sector creating massive demand for these types of products in particular – especially when considering how carded or clamshell blisters fulfill precise needs which makes them more popular among players than flat-bottomed containers like tubs do.

The demand for blister packaging is set to reach 5.18 thousand tonnes in 2021, according to a new study by ESOMAR-certified market research and consulting firm, Future Market Insights. A higher preference for blister packaging over carton boxes in the pharmaceutical industry continues to fuel demand primarily. Blister packaging sales are also complemented by growing demand from food, consumer goods, and veterinary industries.

While the steady growth of the pharmaceutical industry is pushing the demand-supply curve upward, various guidelines for pharmaceutical packaging are further catalyzing the growth of blister packaging manufacturers. For instance, as per the FDA guidelines, pharmaceutical packaging must-have features that prevent mix-ups and cross-contamination, and specify procedures for examining packaging for suitability before packaging operations. Blister packaging fulfils all these criteria and hence it has high demand in the pharmaceutical sector.

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According to the India Brand Equity Foundation (IBEF), India is the largest provider of generic drugs globally, while Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the U.S. and 25% of all medicine in the U.K. Although pharmaceutical sector holds major pie of value share in the global market, consistently increasing demand for blister packaging is also attributed to its cost-effectiveness.

According to Future Market Insights (FMI), the future growth outlook for global blister packaging market seems promising as expenditure on healthcare and pharmaceutical across the globe is on significant surge.

Leading Companies Profiled in Blister Packaging Market are

Key Takeaways from Blister Packaging Market Study

“Leading manufacturers operating in the global blister packaging market are consistently enhancing blister packaging format by incorporating advanced packaging technologies such as thermoforming and cold forming. Furthermore, the rise in demand for blister packaging with high barrier film for excellent air, moisture, and light resistance is expected to further propel the growth of the blister packaging manufacturers in the near future,” says an FMI analyst.

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Pharmaceutical Industry Growth Key to Blister Packaging Sales

Blister packaging being predominantly used for air tight packaging, sealing, and storing of medicines such as tablets and capsules which are in the form of unit dosing, has high demand in the pharmaceutical sector. While the consumer preference for single serving of the medicines is raising the requirement of blister packaging, the exponential growth of the pharmaceutical industry is further catering to it.

The United States is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical R&D. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world’s R&D pharmaceuticals (US$ 75 billion) and hold the intellectual property rights on newer medicines. These figures represent high demand for blister packaging in pharmaceutical industry which in turn is fuelling the sales of the manufacturers.

Key Segments Covered in Blister Packaging Industry Research

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When it comes to protecting the highly sensitive medicines, high barrier packaging films play a crucial role. On the back of this factor, leading packaging companies operating in the global blister packaging market are introducing blister packaging made up of high barrier packaging films that maintain the integrity and quality of tablets and capsules against moisture and oxygen.

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Have a Look at Related Research Reports of Packaging:

Carded Blister Packaging Market: Carded blister packaging is one the commonly used packaging method which is used to pack foods and small consumer goods.

Sliding Blister Packaging Market: Packaging comprises a combination of components which are essential to preserve and protect products from biological contamination and physical damages.

Alu Alu Blister Packaging Machine Market: According to latest research by FMI, alu alu blister packaging machine sales is set to witness substantial growth during 2021-2031 with 5.7%CAGR.

About Us Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

Contact: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 LinkedIn| Twitter| Blogs For Sales Enquiries: [email protected] For Media Enquiries: [email protected] Website: https://www.futuremarketinsights.com

The post Blister Packaging Market is projected to expand at a CAGR of 6.4% during the forecast period 2022-2031 appeared first on Future Market Insights.

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