Meticulous Research®, a leading global market research firm, has released a comprehensive 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."

According to the latest analysis, the global blister packaging market is projected to reach $34.11 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. This growth is fueled by several factors, including the expansion of the pharmaceutical sector, stringent environmental regulations aimed at reducing packaging waste, increasing demand for over-the-counter (OTC) drugs, and the growing adoption of blister packaging in food, electronics, and consumer goods. However, challenges such as the limited suitability of blister packaging for heavy items and lengthy packaging processes may hinder market growth.

The shift from bottle packaging to blister packaging in the pharmaceutical industry, ongoing innovations, and a rise in clinical trials are expected to create significant growth opportunities. Nonetheless, evolving regulatory standards and environmental concerns regarding single-use packaging pose considerable challenges.

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Market Outlook
The report segments the blister packaging market by Product (Clamshell Blisters, Trapped Blisters, Face Seal Blisters, and Blister Cards), Material (Polymers [Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polyethylene, and Other Polymers], Aluminum, and Paper & Paperboard [Clay-coated board, Solid bleached sulfate, and Other Paper & Paperboards]), Technology (Thermoforming and Cold Forming), Application (Pharmaceuticals [Tablets, Capsules, Powders], Medical Devices, Food, Electronics, Consumer Goods, and Others), and Geography. It provides a thorough analysis of industry competitors and market dynamics at both global and regional levels.

Among the product types, blister cards are anticipated to grow the fastest due to their ability to minimize damage risk, preserve product integrity, and offer customization. Their pre-portioned compartments also reduce contamination risks, driving their use in the pharmaceutical and cosmetics industries.
The paper & paperboard segment is expected to see the highest growth rate from 2024 to 2031, driven by increasing demand for eco-friendly packaging solutions in the food industry and heightened environmental awareness regarding material reuse and recycling.

In terms of technology, thermoforming blister packaging is projected to dominate the market in 2024, owing to the extensive use of polymers in this method.

The pharmaceutical sector is predicted to hold the largest share of the blister packaging market in 2024, with the tablet segment expected to be the largest due to the need for tamper-proof packaging. The increasing focus on security and safety, along with rising R&D investments in drug development, are driving the demand for blister packs. For example, the pharmaceutical R&D expenditure growth rate in China increased from 13.6% in 2013-2017 to 15.6% in 2018-2022, while Europe's rate increased from 3.2% to 4.6% during the same periods.

Regional Analysis
The report offers a detailed analysis of the market across North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Ireland, Belgium, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.

Asia-Pacific is expected to experience the highest growth rate during the forecast period, largely due to the rapid expansion of the pharmaceutical industry in China, India, and South Korea. China's focus on pharmaceutical R&D and increased capital influx in the industry are key factors supporting this growth.
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Key Market Players
The key 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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