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Global Blister Packaging Market to Exhibit a Moderate CAGR of 5.4% During the Projected Period- QYR Consulting

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 Published Date : 07 Jan 20   |   Views: 32   |  Industry : Packaging

Global Blister Packaging Market to Exhibit a Moderate CAGR of 5.4% During the Projected Period- QYR Consulting

QYR Consulting has published a report titled, “Global Blister Packaging Market Report: Company Analysis History and Future Overview, Global Sales Trends by 2025,” which analyses market potential to offer valuable insights. The global Blister Packaging market is predicted to be valued at US$ 22.2 Bn by the end of 2025 from US$ 15.3 Bn in 2018. The global Blister Packaging market is estimated to record a moderate CAGR of 5.4% from 2019 to 2025.

Segmental Analysis

Electrical Goods – Largely Benefit from Blister Packaging in End-use Segment  

The market is segmented into four major categories type, material, end-use, and technology.

The End-use segment is bifurcated into pharmaceutical, consumer, capsules, tablets, food products, cosmetics & personal care, industrial, and electrical goods. Blister packaging is largely used in the packaging of small, highly valuable consumer electronic products due to its transparency. The packaging is sealed by heat to deter product tampering resulting in the wide adoption of the blister packaging, which is likely to expand the growth of the application segment.

The type segment is divided into Clamshell and Carded while the material segment is categorized into plastic, paper & paperboard, PET, PVC, HDPE, PE, Aluminium, and LDPE. The technology segment is segregated into cold forming and thermoforming.

Global Blister Packaging Market to Exhibit a Moderate CAGR of 5.4% During the Projected Period- QYR Consulting

Asia-Pacific

Global Blister Packaging Market to Exhibit a Moderate CAGR of 5.4% During the Projected Period- QYR Consulting

Regional Analysis


Largescale Production of Medicines in the Asia-Pacific to Fuel the Growth of the Regional Market

The rapidly growing healthcare sector has led to increased production of medicines, which requires proper sealing and packaging, which is likely to fuel the growth of the market. Another factor is the presence of a vast customer base for electronic consumer products in the Asia-Pacific region has resulted in high demand for smart packaging. This is likely to offer new impetus to the growth of the regional market. 

Key Players


Blister Packaging Companies Keen to Target End-use Industries

Leading players are keen to offer advanced and innovative Blister Packaging solutions catering to end-use industries. Some of the major players of the market are E.I du Pont de Nemours and Company, Amcor Limited, Honeywell International, Powerpak Industries L.L.C., The Dow Chemical Company, Klockner Pentaplast Group, Sonoco Product Company, Tekni-plex, Inc, Constantia Flexibles, Pharma Pack, Inc., VisiPak Private Limited, Display Pack, Inc., Algus Packaging Inc, Bemis Company, Inc., Rohrer Corporation, Winpak Ltd., West Rock Company, Ecobliss Holdings BV., and ACG Pharmapack Pvt. Ltd.


Global Blister Packaging Market to Exhibit a Moderate CAGR of 5.4% During the Projected Period- QYR Consulting

Global CAGR During 2019-2025


5.4%

Market Dynamics


Smart Packaging - A Major Reason Driving the Adoption of Blister Packaging

Blister Packaging has large-scale applications in pharmaceuticals due to its tamper resistance and barrier properties which help protect medicines. Rising demand for medicines has led to the adoption of innovative smart packaging. Medical blister trays are largely used for the purpose of carrying sterile medical tools and devices in hospitals, clinics, and laboratories. Growing demand for electronic consumer goods has led to manufacturers adopting PVC packaging due to its transparent nature making it easy for customers to visually examine the packaged product through the transparent plastic thereby, driving the growth of the market. 


For further information, check :https://www.qyrconsulting.com/reports/global-blister-packaging-market


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