The global cold form blister packaging market is expected to reach USD
8.63 billion by 2024, according to a new report by Grand View Research, Inc.
Rising utilization of packaging materials that offers optimal protection and
safety allowing to extend product shelf life is projected to boost market
demand over the forecast period.
Cold form blister packs help to provide an impermeable barrier to
moisture, light, oxygen, and other gasses. It also maintains the product
integrity, offers complete protection proving to show high patient compliance
rate. Some of the drivers influencing the market growth are the growing
packaging demand from pharmaceutical industry and high requirement of cold
forming packs owing to favorable product features.
Growing disposable income, improved medical facilities and initiatives
adopted by the government to promote healthcare programs has led a rise in
demand for cold form foil packaging products.
In depth research report
on Cold Form Blister Packaging Market
Further key findings from
the report suggest:
Healthcare broadly prefers utilizing cold forming packaging materials;
this segment accounted for 48.30% of the market volume in 2015. It is used for
sealing many products like tablets, capsules, drugs, vials, ampoules, syringes
or liquid products. Child-resistant, tamper evident, senior-friendly and
anti-counterfeit packaging are in high demand worldwide.
Innovative packaging is designed and modified to keep pharmaceuticals
& medical devices free from all adverse external factors that modify the
physical and chemical properties, biological contamination, degradation,
mechanical damage, and counterfeiting
Electronics & semiconductors are expected to witness the fastest
growth over the forecast period. The rising number of automobile companies
coupled with increasing utilization of electronic components, such as
transmitters, transistors, diodes, batteries, in the manufacturing process may
be attributed to high growth in future.
Asia Pacific is projected to grow at the highest CAGR of over 7.8% on
account of the growing demand for healthcare and electronics &
semiconductors products in China, Japan, and India. Rising consumers’ necessity
for convenience and better sealing features, demand for wide-range of product
portfolio and improved environmental standards are accelerating the demand for
cold form blister packaging.
Major companies identified in this industry include Amcor Ltd., Sonoco
Co. products, Bemis Company Ltd., Constantia Flexibles Group GmbH, Essentra
PLC, Tekni-Plex Inc., and Honeywell International, Inc. among others.
Multinational packaging companies have partnered with raw material suppliers
and have acquired regional small and medium-sized flexible packaging companies
to expand its geographical presence.
Grand View Research has segmented the cold form blister packaging market
on the basis of application and region:
Global Cold Form Blister
Packaging Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2024)
•
Healthcare
•
Consumer products
•
Electronics & semiconductors
•
Food
•
Industrial goods
Global Cold Form Blister
Packaging Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2024)
•
North America
o
U.S.
•
Europe
o
Germany
o
France
o
UK
•
Asia Pacific
o
China
o
India
o
Japan
o
Taiwan
o
South Korea
•
Central & South America
•
Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
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