Blister Packaging Market 2021 Global Industry Analysis and Growth Outlook 2027
Global blister packaging market size will record more than USD 36.7 billion in annual valuation by 2027.
Delaware, United States – August 9, 2021 /MarketersMedia/ —
The blister packaging market will witness considerable expansion driven by the increasing demand from the consumer goods sector. The incessant need for high protection against moisture and oxygen in drug packaging activities has paved the way for numerous product developments. The surge in healthcare spending of various developed economies and the escalating infection count in the current COVID-19 pandemic has also bolstered the demand for blister packs in pharmaceutical applications.
The rise in manufacturing activities mainly across the pharmaceutical and industrial goods arena will further complement the penetration of blister packaging solutions. The expansion of the consumer electronics vertical in the U.S. is also an ideal factor for the market expansion. To quote an instance, the Consumer Technology Association (CTA) reported in 2021 that consumer technology sales in the U.S. are projected to exceed USD 461 billion in FY2021.
The market value from thermoforming technology will reach USD 30 billion during the analysis period owing to benefits like ease of customizing, durability, affordability, and the limited need for production equipment offered by these solutions. Thermoformed blister packs not only have enhanced aesthetics but also provide considerable shelf life to support their utility across several applications. They are also increasingly integrated with several sensors in order to track time and dose consumption.
Demand for clamshell-type blister packs is expected to surpass 25% of the volumetric shares through 2027. This is mainly ascribing to the growing popularity of these products in the food department for fruits and meat packaging. Furthermore, these blister packs are also utilized for high-volume-low price electronic commodities. The higher availability of customization of these packs has made way for enhanced packaging aesthetics.
Plastic & substrate blister packaging market share was valued at USD 15 billion in 2020 due to the extensive use of these components as forming film ingredients in packaging. Plastic substances can be easily molded and need lower resources to form blister packs over aluminum films. In addition, these materials are easily available and are affordable.
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Blister packaging market size from food applications is poised to register USD 4.5 billion through the forecast period with higher consumption of frozen meat products across North America and Europe. Clamshell blister packing solutions are garnering an increasing preference in fruit packaging. Moreover, the provision of customized fruit and meat packaging has triggered the development of newer thermoformed blister packs in the food sector.
With the expanding geriatric population base and the increasing need for pharmaceutical products, Europe blister packaging market is anticipated to strike a CAGR of around 5% up to 2027. The increased instances of facility expansions by numerous pharmaceutical manufacturers and the rising intake of frozen package meats will add positive impetus to the regional product demand.
Leading blister packaging manufacturers are actively indulging in marketing growth strategies, such as new product launches, partnerships like mergers and acquisitions as well as collaborations with drug manufacturers for extending their presence in various geographies. Supporting the same with an instance, Bostik, in April 2021, introduced a high-performance and smart adhesive, HERBERTS™ EPS 8760/KN75. The novelty has been designed to optimize the process automation associated with cold-forming blister packaging in the pharmaceutical vertical.
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