The Blister Packaging Market is estimated to be valued at US$15.2 billion in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Blister packaging is a type of packaging where a product is enclosed in a pre-formed plastic “blister” and sealed with a backing material. It is widely used in the pharmaceutical, healthcare, and consumer goods industries. Blister packaging offers several benefits such as product protection, extended shelf life, and enhanced visibility of the product. It is also known for its tamper-evident properties, ensuring the integrity and safety of the packaged product. Blister packaging is commonly used for tablets, capsules, syringes, medical devices, and small consumer goods.
Market Dynamics:
The blister packaging market is driven by the increasing demand for convenient and tamper-evident packaging solutions. With the rising focus on product safety and regulatory compliance, blister packaging provides an effective solution to protect against counterfeiting and tampering. Additionally, the growing pharmaceutical and healthcare sectors contribute to the market growth, as blister packaging helps in maintaining the potency and efficacy of drugs. Moreover, the widespread adoption of blister packaging in the consumer goods industry for packaging small-sized products further propels market growth.
Segment Analysis
The blister packaging market can be segmented based on material type, technology, end-use industry, and region. In terms of material type, plastic dominates the market due to its cost-effectiveness, durability, and versatility. Plastic materials such as PVC, PET, and PP are widely used in blister packaging, especially in the pharmaceutical and food & beverage industries. These materials offer excellent barrier properties, ensuring the protection of products from moisture, oxygen, and other external factors.
In terms of technology, thermoforming is the dominating segment in the blister packaging market. Thermoforming involves heating a plastic sheet and then molding it into desired shapes. This technology is preferred due to its high production rate, low cost, and flexibility in design. It is extensively used in pharmaceutical packaging, as it allows for individual unit-dose packaging of medicines.
The end-use industry segment is dominated by the pharmaceutical sector. With the rising demand for drugs, especially in developing countries, blister packaging provides a reliable and tamper-evident solution for packaging medicines. It ensures product integrity, easy identification, and convenient consumption for patients. Furthermore, blister packaging offers child-resistant and senior-friendly packaging options, making it suitable for the pharmaceutical industry.
PEST Analysis
Political: The blister packaging market is affected by government regulations related to packaging and labeling standards. Governments across the globe are implementing strict regulations to ensure product safety and consumer protection. These regulations influence the choice of materials and packaging techniques used in blister packaging.
Economic: The economic factors impacting the blister packaging market include GDP growth, disposable income, and consumer spending. The growing middle-class population, particularly in developing countries, is fueling the demand for packaged consumer goods, pharmaceuticals, and healthcare products, thereby driving the demand for blister packaging.
Social: The increasing consumer focus on convenience, hygiene, and product integrity is driving the adoption of blister packaging. Blister packaging offers tamper-evident features, product visibility, and easy dosage control, making it popular among consumers. In addition, the growing aging population and the need for medication adherence contribute to the demand for blister packaging in the pharmaceutical sector.
Technological: Technological advancements in blister packaging machinery and materials are driving market growth. Innovations in materials, such as biodegradable and eco-friendly options, are gaining traction due to the growing emphasis on sustainability. Furthermore, automation and robotics in blister packaging production processes improve efficiency, accuracy, and cost-effectiveness.
Key Takeaways
The Global Blister Packaging Market Demand is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period of 2022-2030, due to increasing demand for safe and convenient packaging solutions in various industries, particularly pharmaceuticals.
Regionally, Asia Pacific is the fastest-growing and dominating region in the blister packaging market. The region’s rapid industrialization, urbanization, and increasing population are driving the demand for packaged consumer goods and pharmaceutical products, thereby boosting the use of blister packaging.