According to the research report titled ‘Blister Packaging Market Size By Technology (Thermoforming, Cold-forming), By Type (Carded, Clamshell), By Material (Aluminum Foil, Paper & Paperboard, Plastic Substrate), By Application (Pharmaceutical, Food, Consumer Goods, Industrial Goods), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global blister packaging market is projected to register an appreciable growth rate over 2021-2027.
 

Rapidly expanding consumer electronics and cosmetics sector serves a major growth propeller for worldwide blister packaging industry. Moreover, increasing elderly population and subsequent surge in the demand for pharmaceutical products are augmenting the industry growth, claims the study.
 

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For the uninitiated, blister packaging is form of plastic packaging wherein a cavity/pocket or bubble that is backed by a flat surface, is where the product gets stored. This type of packaging is prominently utilized in the pharmaceutical sector, mainly in the form of a unit-dose packaging solution to aid patients in taking the right amount of packaging at the right time. It is formed up of materials like polyethylene terephthalate (PET) or polyvinyl chloride (PVC) plastic.
 

Based on the technology, global blister packaging market size from cold-forming segment is estimated to generate over USD 6 billion in revenue by 2027, creditable to growing demand for high protection blister packs from pharmaceutical sector.
 

In terms of material, plastic segment is anticipated to register 5.3% CAGR over the forecast duration, attributable to product affordability and easy availability.
 

Considering application scope, pharmaceutical segment reached USD 17.7 billion valuation in 2020 and will continue to showcase strong growth trends in the upcoming years. Increasing demand for pharmaceutical products from the booming geriatric population are supporting the segmental expansion.
 

On the geographical front, Middle East & Africa blister packaging industry is reckoned to expand at 5.8% CAGR over the assessment time period, largely fueled by rapidly growing consumer electronics and cosmetics sector in region.
 

Prominent players influencing the market trends are Winpak Ltd., Formpaks, Thomas Packaging LLC, Mister Blister, Steripack Group, Sinclair & Rush Inc., Blisterpak Inc., Pharma Packaging Solutions, Display Pack Inc., Liveo Research, Honeywell International Inc., DuPont, Klöckner Pentaplast, Constantia Flexibles, , Sonoco Products Company, WestRock Company, Uhlmann Pac-Systeme GmbH, The Dow Chemical Company, and Amcor plc.