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Written by Oliver » Updated on: October 18th, 2024
The latest report by IMARC Group, titled “Blister Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the blister packaging market overview. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global blister packaging market size reached USD 25.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 40.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
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Blister Packaging Market Trends:
The global blister packaging market is driven by its adoption across various industries. Primarily, the pharmaceutical sector, which demands stringent packaging standards to ensure product integrity and extend shelf life, heavily influences market growth. Blister packaging, with its ability to provide barrier protection against moisture, gas, and other environmental factors, is crucial for maintaining the efficacy of medications. Additionally, the convenience and portability of blister packs enhance patient compliance with dosage regimens, a critical factor in treatment courses.
Along with this, the rising prevalence of chronic diseases and the consequent increase in medication consumption further amplify the demand for reliable and secure packaging solutions. Moreover, advancements in packaging technologies that allow for the integration of tamper-evidence and child-resistance features make blister packs more appealing. The shift towards unit-dose packaging, which ensures precise dosage and reduces waste, also plays a significant role in driving the market forward.
Blister Packaging Market Scope and Growth Analysis:
Regarding the scope and future growth of the market, it is poised for significant expansion. This growth is attributable to the increasing application of blister packs beyond the pharmaceutical industry into consumer goods, electronics, and food products. In addition, the ability of blister packaging enhances product visibility and aesthetic appeal while providing essential protection makes it a preferred choice in retail sectors. The market is also seeing a trend towards sustainability, with the development of recyclable and biodegradable materials, which cater to the growing consumer demand for eco-friendly products.
The Asia-Pacific region, in particular, shows robust market growth potential due to its expanding healthcare infrastructure and the rising middle-class population with disposable incomes favoring packaged goods. Continued innovation in blister packaging designs and materials, aimed at improving user experience and sustainability, is driving market expansion globally, with new industries adopting this packaging method for its numerous benefits.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/blister-packaging-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Blister Packaging Market Segmentation:
Our report has categorized the market based on region, product type, technology, raw material, and end-use.
Breakup by Product Type:
Breakup by Raw Material:
Breakup by Technology
Breakup by End-Use:
Breakup by Region:
According to the report, Asia Pacific accounted for the largest market share.
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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