Future Market Insights has released a comprehensive research report forecasting substantial growth in the global carded blister packaging market. According to the latest findings, the market is poised to witness a significant increase, reaching a valuation of US$ 13.6 Billion by 2032, representing a remarkable CAGR of 6.2%.
The insights gathered from the analysis reveal that in 2022, the carded blister packaging market was valued at US$ 7.4 Billion. This valuation is expected to escalate steadily over the forecast period, driven by factors such as technological advancements and evolving consumer preferences across various industries.
The study also highlights the dominance of the top 5 players in the global carded blister packaging market, with projections indicating that they will hold between 15% to 20% of the market share by the end of 2022. Moreover, sales of the thermoforming technology segment, a significant component of the market, are forecasted to expand by 1.8x from 2022 to 2032, claiming approximately 4/5 of the market share by the end of the period.
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Trends in Carded Blister Packaging Industry:
- Eco-Friendly Materials: There’s a noticeable trend towards using sustainable and recyclable materials in carded blister packaging, driven by consumer preferences for environmentally friendly packaging solutions.
- Visual Appeal: Brands are increasingly focusing on the visual appeal of carded blister packaging, incorporating vibrant colors, attractive graphics, and innovative designs to capture consumer attention and stand out on the retail shelf.
- Tamper-Evident Features: With growing concerns about product safety and tampering, carded blister packaging often includes tamper-evident seals and features to provide consumers with peace of mind and assurance of product integrity.
- Convenience and Accessibility: Carded blister packaging is designed for convenience and ease of use, with features such as easy-open tabs, tear notches, and user-friendly designs that enhance the consumer experience.
- Customization Options: Brands are embracing customization options in carded blister packaging, allowing for personalized branding, product information, and promotional messages to resonate with target audiences and strengthen brand identity.
Business Growth Opportunities:
- Expansion into New Markets: Companies can explore opportunities to expand into new markets and industries that require carded blister packaging solutions, such as pharmaceuticals, electronics, toys, and hardware.
- Investment in Innovation: Investing in research and development to innovate and improve carded blister packaging technology, materials, and design can help businesses stay ahead of the competition and meet evolving market demands.
- Strategic Partnerships: Collaborating with packaging suppliers, manufacturers, and industry stakeholders can provide access to resources, expertise, and distribution channels, facilitating business growth and market expansion.
- Diversification of Product Portfolio: Diversifying the product portfolio to offer a wide range of carded blister packaging solutions for different product categories, sizes, and formats can help companies cater to diverse customer needs and preferences.
- E-commerce Packaging Solutions: With the rise of e-commerce, there is a growing demand for secure and durable packaging solutions suitable for online retail channels. Developing carded blister packaging solutions tailored for e-commerce can unlock new growth opportunities in the digital marketplace.
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Market Segmentation:
The global carded blister packaging market can be segmented by the end-use industry as follows:
- Healthcare & Pharmaceuticals
- Cosmetics
- Nutraceutical
- Retail
- Others
The global carded blister packaging market can be segmented by material type as follows:
- Plastic
- Paper & Paperboard
- Aluminum
The global carded blister packaging market can be segmented by technology type as follows:
- Thermoforming
- Cold forming
Key Players:
- 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.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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