The blister packaging market is projected to grow significantly in the coming years. The market size is expected to reach US$ 13,953.6 million in 2023 and rise to US$ 26,940.0 million by 2033. The sales of blister packaging are anticipated to thrive at a CAGR of 6.8% during the forecast period.
The escalating need for blister packs in Germany is anticipated to be fueled by a robust pharmaceutical industry, with increasing investments in pharmaceutical production driving the sustained growth in demand. According to the European Federation of Pharmaceutical Industries and Associations, Germany allocated over US$ 8.5 billion in research and development expenditures for the pharmaceutical sector in 2019, underlining the nation’s commitment to innovation and advancement in pharmaceutical packaging.
The global pharmaceutical sector’s increasing production output has created a significant demand for pharmaceutical packaging, particularly blister packs. The precise packaging capabilities of blister packaging formats, such as carded and clamshell blisters, make them preferred choices for pharmaceutical companies.
The market growth is further supported by the growing expenditure on healthcare and the outsourcing trend in the pharmaceutical industry. Pharmaceutical companies are increasingly adopting contract development and manufacturing services to reduce costs and complexity.
Prominent pharmaceutical companies are investing heavily in research activities to enhance their product pipelines. This investment in research and development drives the demand for pharmaceutical packaging, including blister packs. As new products are developed and launched in the market.
The Asia Pacific region stands out as a major hub for pharmaceutical manufacturing and export. India, in particular, benefits from its cost-effective production and packaging, which is expected to drive the expansion of manufacturing facilities. According to the India Brand Equity Foundation (IBEF), India’s pharmaceutical exports reached a substantial $16.2 billion in 2019.
India’s pharmaceutical sector has also experienced a significant boost in research and development investment from both private and government sectors. This has led to a notable increase in drug production. Additionally, the improvement of healthcare infrastructure and the escalating pharmaceutical expenditure in India have further fueled the demand for blister packaging, which ensures the safety and integrity of pharmaceutical products.
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In China, there has been a remarkable surge in the demand for prescription drugs in recent years, largely attributed to the rapidly growing aging population. The Economist Intelligence Unit (EIU) reports that China’s population approached 1.4 billion in 2019, with nearly 10% of the population aged 65 and above. This aging demographic is driving a substantial demand for oral-form drugs due to weakened immune systems and a higher incidence of illnesses.
Child-resistant and senior citizen-friendly packaging formats are gaining prominence in the blister packaging market. Packaging manufacturers are focusing on designing and manufacturing blister packs with child-resistant and tamper-evident features. To ensure safety and prevent accidental poisoning in children.
The market is also witnessing the emergence of smart blister packs. Incorporating digital technology, these blister packs provide functionalities. Such as dosage reminders, time temperature indications, and product quality indications.
Thermoforming technology is expected to dominate the blister packaging market, accounting for more than three-fourths of the market share in the next decade. The segment is projected to expand by 1.9 times its value from 2021 to 2031.
Plastics play a dominant role in blister packaging, holding a significant share of 43.8% in 2022. Plastics offer cost-effectiveness, lightweight properties, and high-volume manufacturing capabilities, making them preferable over alternatives like glass or metal.
The use of biodegradable plastics in blister packaging is expected to reduce environmental pollution. The consumption of plastic blister packs is predicted to reach over 2.8 million tons by the end of 2026.
In the regional analysis, the United States accounted for a substantial share of 27.4% in 2022. The United States pharmaceutical industry has experienced significant growth due to rising per capita consumption and expenditure on drugs. As well as the presence of prominent pharmaceutical companies.
Recent Developments
- Amcor PLC, a worldwide packaging firm, deploys the recyclable AmSky blister system for healthcare packaging in April 2021. Its goal is to satisfy the strict criteria of regulated and specialized pharmaceutical packaging.
- TerraCycle, an innovative recycling company, recognized Honeywell’s Aclar barrier film blisters as technically recyclable for polyethylene terephthalate glycol (PETG) and polyvinyl chloride (PVC)-based blisters in May 2022.
- Pharmaworks, a developer of blister packaging technology for the consumer products, pharmaceutical, and contract packaging industries, was bought by ProMach. A provider of packaging machinery solutions, in March 2020. This program aims to broaden ProMach’s product portfolio and blister packaging applications.
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The Major Key Players Are:
- Amcor plc
- Constantia Flexibles GmbH
- Sonoco Products Company
- Winpak Ltd.
- West Rock Company
- Honeywell International, Inc
- Uflex Ltd
- Tekni-Plex, Inc
- ACG Pharmapack Pvt. Ltd.
- Klockner Pentaplast Group
- SteriPack Group
Key Segments Covered in the Market Report
Blister Packaging Market by Product Type:
- Clamshell
- Carded
Blister Packaging Market by Technology Type:
- Cold Forming Technology
- Thermoforming Technology
Blister Packaging Market by Material Type:
- Plastic
- PVC/Vinyl
- PET
- PE
- Others
- Aluminum
- Paper & Paperboard
- Others
Blister Packaging Market by End Use:
- Food
- Pharmaceuticals
- Veterinary & Nutraceuticals
- Medical Devices
- Electronics & Electricals
- Industrial Goods
- Consumer Goods
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By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
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