Blister Packaging Market Trends

Blister packaging will observe a mammoth demand, owing to the upsurge in manufacturing activities and the growth of inconveniently packed goods. An increment in the manufacturing industry by over 15% of global GDP and over 13% of employment which is positively influencing the blister packaging market.According to the National Health Expenditure (NHE), the average spending growth on prescription drugs raised from 3.8% In 2010 to 4.4% in 2018.The outbreak of new diseases, growth in regulatory norms across the world have augmented the growth of blister packaging. Factors such as growing geriatric population, changing consumer lifestyles, increasing pressure on pharmaceutical companies to manufacture more medicines to be made available for patients, owing to a rise in diseases and stringent governmental regulations against counterfeit drugs is anticipated to drive the blister packaging market over the forecast period.

The blister packaging market is anticipated to record a robust CAGR over the forecast period i.e. 2020-2028. The market is segmented by material, packaging type, technology&end-user. Among these segments, the product type segment is further segmented to carded and clamshell,out of which, the carder blister packaging is anticipated to hold leading shares in the blister packaging market owing to commonly used in packaging of medicine, food products and small consumer goods on account of its cost-effectiveness and ability to be formed in different shapes. Under the material segment, the plastic sector is anticipated to hold the largest share owing to its application in almost all types of packaging variables. Moreover, plastic blister packaging offers good visibility of the product apart from providing secure and attractive packaging. At the same time, the cold forming sector of the technology segment constituted a moderate share in the blister packaging market. CLICK TO DOWNLOAD SAMPLE REPORT