Pharmaceutical Blister Packaging Market
Global pharmaceutical blister packaging Market was valued at USD 6.55 billion in 2021 and is expected to reach USD 10.39 billion by 2029, registering a CAGR of 5.60% during the forecast period of 2022-2029. "Polyvinyl chloride (PVC) " accounts for the largest material segment in the pharmaceutical blister packaging market owing to its lightweight, low cost, excellent barrier properties and inert nature.
A pharmaceutical product's packaging is an essential component. Packaging is frequently used in the dispensing, dosing, and administration of pharmaceutical products. Blister packaging is the most durable packaging type in the pharmaceutical industry, as it protects various pharmaceutical products from factors such as air, humidity, and moisture, which can cause contamination if they come into contact with them. It is highly popular because it protects medications, improves dosage compliance, and is easy to customize to fit the product design.
2022 to 2029
2020 (Customizable to 2019 - 2014)
USD 10.39 billion by 2029, registering a CAGR of 5.60%
By Product Type (Clamshell, Carded), Technology Type (Cold Forming, Thermoforming), Material (Polyethylene Terephthalate (PET, PETE, PETG or Polyester), High Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Low Density Polyethylene (LDPE), Aluminum, Paper and Paper Board), Application (Tablets, Capsules, Powders, Medical Devices)
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered
Schott (Germany), Amcor plc (Switzerland), Dow (U.S), AptarGroup, Inc., (US), Klöckner Pentaplast (Germany), West Pharmaceutical Services, Inc. (US), Berry Global Inc. (US), Honeywell International, Inc. (U.S), ACG (India), Nipro (Japan), Gerresheimer AG (Germany), Catalent Inc., (US), and WestRock Company (US)
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Some of the major players operating in the pharmaceutical blister packaging market are Schott (Germany), Amcor plc (Switzerland), Dow (U.S), AptarGroup, Inc., (US), Klöckner Pentaplast (Germany), West Pharmaceutical Services, Inc. (US), Berry Global Inc. (US), Honeywell International, Inc. (U.S), ACG (India), Nipro (Japan), Gerresheimer AG (Germany), Catalent Inc., (US), and WestRock Company (US) among others.
Global Pharmaceutical Blister Packaging Market Scope
The pharmaceutical blister packaging market is segmented on the basis of product type, technology type, material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of product type, the pharmaceutical blister packaging market has been segmented into clamshell and carded.
- Cold Forming
On the basis of technology type, the pharmaceutical blister packaging market has been segmented into cold forming and thermoforming.
- Polyethylene Terephthalate,
- High Density Polyethylene (HDPE)
- Polyvinyl Chloride (PVC)
- Low Density Polyethylene (LDPE)
- Paper and Paper Board
The pharmaceutical blister packaging market has also been segmented on the basis of material into polyethylene terephthalate, high density polyethylene (HDPE), polyvinyl chloride (PVC), low density polyethylene (LDPE), aluminum, paper and paper board. Polyethylene terephthalate includes PET, PETE, PETG or Polyester. Polyvinyl chloride (PVC) is the highest growing segment as compared to other materials as it the most popular raw material and is used owing to its light weight, low cost, excellent barrier properties and inert nature.
- Medical Devices
On the basis of application, the pharmaceutical blister packaging market is segmented into tablets, capsules, powders and medical devices.
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Pharmaceutical Blister Packaging Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Growing Awareness Associated with Blister Packaging
The blister packaging basically protects medication, improves dosage compliance, and can be easily customized to fit as per the product design, which is projected to accelerate the market's growth. The packaging protects various pharmaceutical products from factors including air, humidity, and moisture as contact of the products with these factors can lead to contamination, further boosting demand for the market.
Development and Advancements
Furthermore, increase in product innovations, growing use of the smart packaging for patient engagement and identification and merger and acquisition to support new demands are other market growth determinants. Advanced manufacturing processes to develop sustainable and eco-friendly packaging solutions also extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
The rising geriatric population and increasing incident of chronic conditions, pushing the demand for new and effective pharmaceutical products carve the way for market's expansion. Additionally, increase in patient-oriented medicines, including biologics will bolster the growth of the market. Surging urbanization, higher economic growth and improvements in the quality of life, will further expand the future growth of the pharmaceutical blister packaging market.
Price Volatility to Restrict Growth of Market
The price volatility of raw materials will create hindrances for the growth of the pharmaceutical blister packaging market.
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