The blister packaging market involves manufacturing of pre-formed, clear or opaque rigid plastic packaging containing a product usually packaged for individual sale. Blister packaging provides effective protection and visibility for the packaged product. It also extends product shelf life through moisture, gas, and microbe barrier protection.
The Global Blister Packaging Market is estimated to be valued at US$ 20.02 billion in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period of 2024 to 2030.
Key Takeaways
Key players operating in the blister packaging market size include BASF SE, DuPont, American Elements, Cabot Corporation, ZeniMac Exim, Southern Carbon Chemical, Reade Manufacturing Company, and The Shepherd Chemical Company. Blister packaging provides efficient branding and merchandising opportunities for manufacturers which is attracting many new players in the industry. The global blister packaging market is witnessing expansion opportunities in emerging markets of Asia Pacific and Middle East & Africa owing to growing pharmaceutical and food industries in these regions.
Key players operating in the blister packaging market are BASF SE, DuPont, American Elements, Cabot Corporation, ZeniMac Exim, Southern Carbon Chemical, Reade Manufacturing Company, and The Shepherd Chemical Company. Blister packaging provides efficient product protection along with visibility and branding opportunities for manufacturers. This is attracting many new players to invest and expand in the global blister packaging market. The Asia Pacific region especially China, India, and other Southeast Asian countries are expected to offer high growth opportunities owing to growing pharmaceutical and food industries in the region. Countries like Brazil, South Africa, Mexico are also anticipated to provide expansion opportunities in the Middle East and Africa region.
Market drivers: The key driver for the growth of global blister packaging market is the rising demand for convenient packaging from pharmaceutical and food & beverage industries. Blister packaging provides effective tamper evidence and improves product visibility which drives its adoption. It extends product shelf life through protection against moisture, gas, and microbes. This drives its preference over conventional packaging types.
Market restraints: High raw material costs can restrain the growth of global blister packaging market. Plastic raw materials used for manufacturing blister packs have witnessed price fluctuations which increases production costs. Shift towards sustainable packaging using bio-based and recyclable materials also poses challenges. Strict regulatory norms regarding packaging material disposal can hamper market growth.
Segment Analysis
There are two main segments in the blister packaging market - plastic blisters and aluminum blisters. Plastic blisters dominate the market as they are cheap, light in weight and available in variety of shapes and sizes. Plastic blisters are ideal for packaging tablets, capsules and other small medical items. Their usage has increased in pharmaceutical industry as they provide effective protection and moisture resistance to small medicines during transportation and storage. Another emerging segment is clam shells which are plastic or paperboard folding carton with a peelable lidding. Clam shells are commonly used for packaging consumer electronics accessories like batteries, computer chips etc.
Regional Analysis
North America region holds the major share in blister packaging market owing to well-established pharmaceutical industry and presence of leading medical devices manufacturers. The demand is highest from US which accounts for over 40% of the global pharmaceutical sales. Asia Pacific region is fastest growing market for blister packaging due to increasing contract manufacturing of pharmaceuticals and expanding healthcare infrastructure in countries like India and China. Additionally, thriving electronics and consumer goods industries are driving the consumption of blister packs in Asia Pacific region.
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