Meticulous Research®, a prominent global market research firm, has unveiled its latest report titled "Blister Packaging Market by Product (Clamshell, Trapped), Material (PP, PE, PVC, PET, Paper, Aluminum), Technology (Thermoforming, Cold Forming), Application (Pharma, Medical Device, Food) - Global Forecast to 2031."

The report forecasts that the global blister packaging market will reach $34.11 billion by 2031, with a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. This anticipated growth is driven by the expansion of the pharmaceutical industry, stringent environmental regulations aimed at reducing packaging waste, rising demand for over-the-counter (OTC) drugs, and increased adoption of blister packaging in food, electronics, and consumer goods sectors. Nevertheless, challenges such as the limited suitability of blister packaging for heavy items and extended packaging processes could impede market progress.

The shift in the pharmaceutical sector from bottle to blister packaging, ongoing innovations, and an increase in clinical trials are expected to provide significant growth opportunities. Conversely, evolving regulatory landscapes and environmental concerns about single-use packaging present substantial challenges.

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Market Segmentation and Trends

The report segments the blister packaging market by Product (Clamshell Blisters, Trapped Blisters, Face Seal Blisters, and Blister Cards), Material (Polymer types, Aluminum, and Paper & Paperboard), Technology (Thermoforming and Cold Forming), Application (Pharmaceuticals, Medical Devices, Food, Electronics, Consumer Goods, and Others), and Geography. It also offers a comprehensive analysis of industry competitors at both global and regional levels.

Among the product segments, blister cards are expected to grow the fastest due to their ability to reduce damage risk, maintain product integrity, and be customized to meet specific needs. Their pre-portioned compartments also minimize contamination risks, enhancing their appeal in the pharmaceutical and cosmetics sectors.

The paper & paperboard segment is projected to experience the highest growth rate from 2024 to 2031, driven by increased demand for paper-based blister packaging in the food industry and a growing emphasis on environmental sustainability.

In terms of technology, thermoforming blister packaging is expected to hold the largest market share in 2024, owing to the extensive use of polymers in this technology.

For applications, the pharmaceutical sector is anticipated to dominate the blister packaging market in 2024, with the tablet segment being the largest due to heightened security needs and tamper-proof packaging requirements. Rising R&D expenditures in the pharmaceutical industry also contribute to the growing demand for blister packs.

Regional Insights

The report provides an in-depth analysis of the market across various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to register the highest growth rate during the forecast period, largely due to the burgeoning pharmaceutical industries in China, India, and South Korea. Recent efforts in China to boost pharmaceutical R&D and increased capital influx are significant factors supporting this growth.

Quick Buy – Blister Packaging Market - Global Opportunity Analysis and Industry Forecast (2024-2031), Research Report: https://www.meticulousresearch.com/Checkout/23543085

Key Market Players

Notable players in the global blister packaging market include Amcor plc (Switzerland), AptarGroup, Inc. (U.S.), Constantia Flexibles (Austria), UFLEX LIMITED (India), Honeywell International Inc. (U.S.), Sonoco Products Company (U.S.), Tekni-Plex, Inc. (U.S.), Ecobliss Pharmaceutical Packaging (Netherlands), Rohrer Corporation (U.S.), Schreiner MediPharm L.P. (Germany), Perlen Packaging (Switzerland), and Henkel AG & Co. KGaA (Germany).

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