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 touted to record substantial growth over 2021-2027.

 

Increasing demand for supreme protection packaging solutions coupled with expansion of cosmetics sector, and escalating sales of consumer electronics are expected to augment the growth of global blister packaging market.

 

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Moreover, growing elderly populace leading to surge in demand for medication as well as amplifying pharmaceutical vertical is also enhancing the growth of the industry.

 

Speaking of technology, global blister packaging market is bifurcated into thermoforming, and cold forming, wherein the latter segment is anticipated to garner USD 6 billion by 2027, owing to surging adoption of high protection blister packs, especially for pharmaceutical applications.

 

In terms of type, the industry is divided into carded, and clamshell. As per the report, carded segment is touted to grow at 6.6% CAGR through 2027, creditable to enhanced protection and aesthetics of these packs.

 

Based on material, worldwide blister packaging industry is classified into plastic substrate, aluminum foil, and paper & paperboard. Notably, aluminum-based blister pack restricts oxygen, moisture, and light, making the product safe for a longer period. Meanwhile, plastic substrate segment is slated to secure a considerable growth rate of around 5.3% over the forecast period, owing to profound availability of material, and economic pricing.

 

The application gamut of the market is categorized into consumer goods, food, industrial goods, and pharmaceutical. Among these, pharmaceutical application segment was valued at USD 17.7 billion in 2020 and is expected to grow further during the analysis timeframe.

 

Experts claim that Middle East & Africa blister packaging industry size is expected to bolster at a CAGR of 5.8% during 2021-2027, creditable to escalating consumer electronics and cosmetics sectors.

 

The competitive landscape of global blister packaging industry is defined by companies such as The Dow Chemical Company, WestRock, Constantia Flexibles, Klöckner Pentaplast, DuPont de Nemours Inc., Liveo Research GmbH, Display Pack Inc., Blisterpak Inc., SteriPack, Thomas Packaging LLC, FormPak Inc., Mister Blister Ltd., Amcor plc, Uhlmann Pac-Systeme, Sonoco Products Company, Honeywell International Inc., Tekni-Plex Inc., Sinclair & Rush Inc., Winpak Ltd., and Pharma Packaging Solutions (PPS) among others.