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The Blister Packaging market is witnessing significant growth. Quince Market Insights to (QMI) asserts that the Blister Packaging market valuation is estimated to grow to approximately USD BN by 2023, growing at a CAGR over the review period (2023 – 2032). The growing demand for premium cosmetic products boosts the market size.
Market growth is predominantly attributed to the surging usages of Blister Packaging solutions in various end-use industry verticals, such as personal care & cosmetics, pharmaceuticals, and food & beverages. Besides, the spurting rise in the packaging industry, alongside the demand for premium range products, consumption, and reduced product wastages, boosts the market growth.
Blister packaging is used for packing various products such as small consumer goods, foods, medicine, and other pharmaceutical products. Blister packaging is the primary mode of packaging for toys, hardware, medication, etc. The Blister Packaging Market factors are unit dose packaging, short cycle medication, and monitored dosage system, which improves patient adherence. The change of lifestyle, aging population, people suffering from different diseases, demand for generic medication, and other regulatory requirements are responsible for the market’s growth
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Blister Packaging Market Key Players:
Highly competitive, the Blister Packaging market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, players incorporate strategic initiatives such as mergers & acquisitions, expansion, and product & technology launches. Industry players are investing substantially to strengthen the raw materials supply chains. Also, they develop a range of eco-friendly, sustainable, and cost-effective packaging solutions. Bemis, Amcor, Owens-Illinois, Sonoco, West rock, The Dow chemical company, Tekni Plex, Honeywell International, Constantia, and Klockner Pentaplast Group
These portions are further subdivided into the following factors:
The Blister Packaging market has been divided into color Manufacturers are changing their product advertising and branding tactics to enhance sales in various countries.
These Blister Packaging markets is bifurcated into conventional and organic categories depending on the category. The Blister Packaging Market is categorized depending on the distribution channel. Store-based, as well as non-store-based distribution channels, are considered. Supermarkets, convenience stores, hypermarkets, and other retailers make up the store-based distribution channel.
The report is segmented into materials, packaging types, dispenser types, end-uses, and regions. Segmentation By Type (Calendar Pack, Carded Pack, and Clamshell), By Production Technique (Thermoforming, Cold Forming, and Thermos-cold Complex Blistering), By Raw Material (Low-Barrier Film, Medium-Barrier Film, and High-Barrier Film), By Application (Healthcare Products, Consumer Goods, and Industrial Goods)
The Asia Pacific region dominates the global Blister Packaging market. The market rise is supported by the spurting growth in the packaging sector and the booming e-commerce market. Besides, the growing demand from the pharmaceutical and cosmetic industries worldwide contributes to the rising market landscape. With the presence of leading exporters of goods to different parts across the globe, Japan, India, and China increase the region’s airless packaging market share. North America (United States, Canada and Mexico), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Europe (Germany, France, United Kingdom, Russia and Italy), Middle East & Africa (UAE, Egypt, Saudi Arabia, and South Africa)
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According to the reports, growing food safety among the customers is expected to increase the market growth at a healthy CAGR during the forecast period of 2023 to 2032. The increase in advancements in biopharmaceuticals products will drive the Blister Packaging Market Trends in the future years.
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