Blister pack is a term for several types of pre-formed plastic packaging used for small consumer goods, foods, and for pharmaceuticals. The primary component of a blister pack is a cavity or pocket made from a formable web, usually a thermos formed plastic.
Blister Packaging Global Market - Overview
Blister packaging brings comprehensive solutions especially when drugs are packaged in blisters; adherence is improved because consumers are better able to keep track of their medications and dosing. The unit dose feature of blisters reduces the risk of incorrect dosing, accurate dosing is further improved with compliance or calendar packs.
On a larger scale, barcodes printed on blister packs bring a significant safeguard to hospitals and nursing care facilities by facilitating a reduction in the level of error in medication distribution.
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According to a recent study report published by the Market Research Future, the global market for Blister packaging is estimated for a singular growth by 2027, in terms of value and volume. Global Blister packaging market is likely to grow with an outstanding rate of CAGR; witnessing an exponential growth crossing its previous growth records by the end of the forecasted period (2016 – 2027).
The global blister packaging market has experienced a noticeable growth over the past year and it has been analyzed that during the forecast period the global market will keep on building up with a higher rate owing to the huge demand of blister pack in its several applications. The strict regulation could be a major threat for global market of Blister packing which can hamper the trade as well as import and export process, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 110 pages.
Blister Packaging Global Market - Key Players
The global blister packaging market appears to be well established. Matured major players with the presence in the international and regional market; deck out the global market as highly competitive and fragmented.
Those players compete upon performance, innovation, product features, quality, cost, and financial stability. To maintain their market position and to drive the market players are focusing upon developing their product portfolio and service offerings with the help of advance technologies.
Identified and profiled in the MRFR Analysis some of the leading market players in the global blister packaging market primarily include Valley Industries, Bemis, Berry Plastics, Dupont, Albea, Mitsubishi Chemical Holdings, SteriPack, and DOW Chemical. Other prominent players operating in the market are Amcor Limited, Constantia Flexibles and others.
Blister Packaging Global Market - Segmentation
Blister packaging Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types: Consisting Carded Blister Packaging, Consumer Goods Blister Packaging, Clamshell Blister Packaging.
Segmentation By Applications: Consisting pharmaceuticals, food & beverages, consumer goods & others.
Segmentation By Production Methods: Consisting Thermoforming & Cold forming.
Segmentation By Materials: Consisting PVC, PVDC, COC, Cold Form Foil and others.
Blister Packaging Global Market - Synopsis & Scenario
The application such as pharmaceuticals, food & beverages, consumer goods has anticipated huge demand for blister pack. Not long ago, Blister packaging was considered a less significant segment of pharmaceutical packaging industry, but now outpacing most other industry segments.
As per the analysis, pharmaceuticals would be the leading market for blister packaging. The other major driving factor which has pushed the demand could be considered as rising population, emerging economies, growing pharmaceuticals as well as food industries.
These all factors make the global market very attractive.
The augmented inclination towards smart blister packaging is the trend which is providing impetus to the growth of the market. A number of packaging companies are striving to produce smart blister packs to sort out medical forgery and track the status of drugs and medication during the transportation and distribution process.
Blisters accommodate printing of key information, such as expiration date and lot number, on each blister back, so even if secondary packaging is discarded consumers maintain access to this important data.
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Blister Packaging Global Market - Regional Analysis
The North American region held the largest share among all the regions during the yesteryears owing to the rise in consumption of packed products, focus on reducing packaging waste, rise in healthcare awareness, and continuous innovation & technological developments in both pharmaceutical & medical industries, which are further transforming the healthcare packaging industry, thereby propelling the growth of the Blister Packaging Market.
Global Blister packaging market is likely to grow with an outstanding rate of CAGR; witnessing an exponential growth crossing its previous growth records by the end of the forecasted period (2016 – 2027).
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