Blister Packaging Market worth $34.1 billion by 2025, at a CAGR of 7.2%


Posted August 31, 2021 by white123

Browse 188 market data Tables and 63 Figures spread through 204 Pages and in-depth TOC on "Blister Packaging Market"

 
The blister packaging market size is projected to grow from USD 24.1 billion in 2020 to USD 34.1 billion by 2025, at a CAGR of 7.2%. The blister packaging market is witnessing growing demand from end-use industries such as healthcare, food, consumer goods, and industrial goods. Its growth is attributed to cost-effectiveness and tamper-evident design for product protection. The change in consumer demand patterns is the most influencing factor transforming the packaging industry. Factors such as growing demand from the healthcare sector and the popularity of using convenient packaging are driving the demand for blister packaging.

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Blister packaging manufacturers are the most important players in the value chain as they produce and provide various types of electrical steel based on their required properties for the specific end-use applications. The value chain of blister packaging starts with raw material manufacturers, followed by product manufacturers and end-use users. The raw material manufacturing companies supply their products to film manufacturers through distribution channels. The end-use industries are healthcare, consumer goods, industrial goods, and food. This provides additional value to the chain.

The blister packaging market is segmented on the basis of end-use sector into healthcare, consumer goods, industrial goods, and food. The healthcare segment dominated the market followed by consumer goods segment. Blister packaging of healthcare products reduces the possibility of product contamination and protects healthcare products from moisture, gas, light, and temperature. The demand for blister packs for the purpose of unit dosing and ease of opening is projected to rise in the upcoming years. This is driving the demand for blister packaging in healthcare end-use sector.

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Issued By Markets and Markets
Country United States
Categories Business , Consumer , Food
Tags Blister Packaging Market , blister packaging , Thermoforming , Cold Forming
Last Updated August 31, 2021