The Blister Packaging Market is expected to reach USD 42.70 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.3% from 2022 to 2028. Blister Packaging provides benefits such as availability of individual compartment, tamper-evident design for product protection, evenly portion out an item, best for immobilized items, and cost-effective. All these benefits are responsible for fuelling the growth of Blister Packaging Market in the coming years.
- These packagings are not useful in heavy items as heavy items put excess strain. Also, this packaging is not applicable for fragile and costly products. All these factors are responsible for impeding the growth of Blister Packaging Market.
- Increasing preference for on-the-go products, growing household income, changing lifestyles of consumers and availability of commanding demographics will provide various growth opportunities in the development of Blister Packaging Market.
- Asia Pacific is accounted to hold the largest market share in 2021. This is mainly due to the expansion of various end-users such as food, consumer & industrial goods, and healthcare sectors in the region.
The major players involved in the development of the Global Blister Packaging Market are - DOW (US), Amcor Plc (Switzerland), Sonoco Products Company (US), WestRock Company (US), Klockner Pentaplast Group (Germany), Constantia Flexibles (Austrai), Honeywell International Inc. (US), E.I. du Pont de Nemours and Company (US), Display Pack (US), and Tekni-Plex (US)..
Most of the companies used Blister Packaging for safe store purposes and to improve the visual appeal of their products. Blister Packaging is a rigid packaging used for pharmaceutical items, retail goods, and food products. This packaging is also found in consumer goods, hardware, medication, and toys. In addition, many manufacturers use Blister Packaging to protect their products from damage and provide cavities that protect the products from contamination and humid air and also from other external threats. All these factors are influencing the growth of Blister Packaging Market in the near future. Furthermore, various advanced machines are used in the development of quality Blister Packaging products. For example, Maruho Hatsujyo Innovations (MHI), a global leader and innovator in the packaging machinery industry, launched the MHI Eagle Blister Packaging machine to offers flexibility and integration for their products.
COVID Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the sand control solutions market. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online.
January 2021: Sonoco Products Company entered into a partnership with Integrated Systems, Inc. (the US). This partnership will help the company to enhance its automation activities and increase efficiency in global manufacturing operations.
September 2020: Amcor Plc developed the first recyclable retort flexible packaging with an improved environmental footprint of packaging to 60%. This will allow the recycling of high-performance packaging such as wet pet food, ready-meals, baby foods, and pre-cooked soups.
July 2020: Dow launched INNATE TF an extension to the INNATE precision packaging family. It is a polyethylene resin for tenter frame biaxial orientation films. These are high-performance, recyclable, and consumer convenience films.
May 2020: Constantia Flexibles started the world’s first sustainable packaging dedicated manufacturing plant in India. With this new manufacturing facility focused on the production of environmentally friendly packaging EcoLamb, it aims to cater to the growing demand for sustainable and recyclable packaging.
January 2020: Amcor Plc signed a partnership with Moda Vacuum Packaging System (New Zealand) to provide an innovative packaging solution. With the synergy of Amcor’s roll stock film and shrink bag for cheese & meat with Moda’s packaging system, producers can drive total cost-saving and operational efficiency.