The global carded blister packaging market is poised for significant growth, with an expected valuation of US$ 7.4 billion in 2022, and a projected CAGR of 6.2% leading to an impressive market value of US$ 13.6 billion by 2032, according to research by Future Market Insights. This robust growth is driven by various factors, including increasing demand for secure and visually appealing packaging solutions.
One noteworthy trend in the carded blister packaging market is the dominance of the thermoforming technology segment. It is anticipated to expand 1.8 times its current market value during the period from 2022 to 2032. By the end of this period, thermoforming technology is expected to hold approximately 4/5 of the market share, underscoring its significance in the industry.
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Furthermore, the market landscape is characterized by the presence of top players, with the top 5 companies projected to command 15-20% of the global carded blister packaging market by the close of 2022. This competitive environment indicates the dynamic nature of the industry, with companies vying for market share through innovation and product offerings. Overall, the carded blister packaging market is set for substantial expansion, driven by evolving consumer preferences and the need for effective and secure packaging solutions.
Market Dynamics:
The key driving factor of global blister packaging market is significant growth in demand for protective packaging, cost-effectiveness, increase in demand for flexible packaging and reduced packaging waste. The popularity of using convenient packaging and rapidly growing healthcare sector are the major factors which are driving the carded blister packaging market across the globe.
The macroeconomic factors which drive the global carded blister market are emerging economies such as China, Brazil and India, a rapid rate of urbanization and rising per capita income of consumers. Significant growth in the cosmetics industry is also one of the major factor which drives the global carded blister packaging market.
In addition, robust growth in the pharmaceutical industry helps to grow the card blister packaging market due to high consumption of medicines across the globe. Rapidly growing nutraceutical industry is also the major driving factor of global carded blister packaging market due to increasing health consciousness among consumers.
The key restraining factor which restricts to grow the carded blister packaging market is government regulation related to use of plastics across the globe. A child resistant version of carded blister packaging along with smart carded blister packaging to enhance the security features are the key trends of the global carded blister packaging market.
Market Segmentation:
By the end-use industry as follow:
- Healthcare & Pharmaceuticals
- Cosmetics
- Nutraceutical
- Retail
- Others
By material type as follow:
- Plastic
- Paper & Paperboard
- Aluminum
By technology type as follow:
- Thermoforming
- Cold forming
Regional Outlook
Based on the geographies, global carded blister packaging market is segmented into seven regions globally such as Eastern Europe Western Europe, North America, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Among the regions as mentioned above, North America accounts the high market share followed by Western Europe in carded blister packaging market across the globe due to a high demand for packaged consumer goods in this region. Asia-pacific is predicted to witness highest growth rate in the global carded blister packaging market, attributed to rapid growth of pharmaceutical industry in this region.
In addition, Japan is also a high growing market for cosmetics along with pharmaceutical industry which will help to grow the carded blister packaging market across the globe. Furthermore, Western Europe is also estimated to a positive growth rate in global light containers market due to high demand for carded blister packaging in the pharmaceuticals industry. China and India dominate the global carded blister packaging market in Asia-Pacific region, owing to having the largest number of population and high usage of carded blister packaging in the pharmaceutical industry.
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Key Player :-
- The Dow Chemical Company
- Sharp Packaging Services
- Sonoco Products Company.
- Constantia Flexibles
- Klöckner Pentaplast Group
- DuPont
- ACG World
- Catalent, Inc
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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