Blister Packaging Market Size

Blister Packaging Market Size

Global Blister Packaging Market size was valued at USD 24.4 billion in 2020 and will grow at a CAGR of around 6.2% from 2021 to 2027. The blister packaging industry will showcase growth owing to the rising demand for medical tablets along with development of innovative packaging solutions. The rapid industrialization in emerging economies and the growing demand for packaged fruits and meat products are expected to drive market growth.

Blister packaging solutions are molded pieces of plastics mainly sealed to a sheet of paper or aluminum and are used to pack products such as tablets or high-volume of low-price consumer electronic products. Mainly, three types of materials are used in this type of packaging, plastic substrates as a forming film and paper & paperboard or aluminum as lidding materials. This type of packaging offers a wide range of advantages over other packaging solutions including economic, easy handling, protection for each small packaged material, and others.

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The blister packs are used in the healthcare industry for packaging medical devices and drugs. Further, blister solutions are widely used in food and consumer goods packaging. Additionally, the production of blister requires limited resources, and the solutions occupy less shelf space, are easy to handle, excellent protection against environmental factor, and offer a good hang hook display characteristic. Requirement of limited resources and easy availability of raw materials along with high production rate enabled packaging manufacturers to offer cost-effective solutions for a wide range of customers, thereby driving the blister packaging market share.
 

The growing aging population in developed economies mainly in the U.S. and Europe is driving the demand for several healthcare facilities. According to the Center for Medicare and Medicaid Services, by 2027 national health expenditure of the U.S. is expected to grow up to 19.4% of GDP as compared to 15% in 2016. This shows that a large number of elderly populations are expected to have some kind of medical emergency, and medical tablet consumption will rise by a considerable amount, driving the demand for blister packaging in the coming years as blister packaging is one of the popular pharmaceutical packaging types.
 

Several pharmaceutical products require excellent moisture protection, as these products are highly sensitive to moisture and extreme tropical conditions in Asia Pacific economies demanding advanced blister pack. The continuous R&D investment along with collaboration with pharmaceutical manufacturers is enabling industry players to enhance their packaging properties and developed high-protection packaging solutions. For instance, in June 2019, Amcor plc developed new Formpack Dessiflex Ultra blister packs for packaging of antibiotics manufactured by GSK. New packaging enabled GSK to offer easy to carry and excellent moisture protection against tropical weather conditions in the Asia Pacific region.
 

In recent COVID-19 pandemic, the blister packaging market growth is expected to witness a large demand for packaging solutions for pharmaceutical products. The exponential rise in demand for multivitamin tablets along with the rising demand for other medical products, such as syringes, medical blisters trays, etc., will drive the demand for blister packaging. Further, the establishment of new COVID-19 hospitals across the globe and exponential rise of new COVID-19 cases in some European and Asian economies.