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The global blister packaging market is dominated by the United States, which accounts for over 85% of the market share. The demand for the product in this region is being supported by the increased application in the pharmaceuticals sector. The pharmaceuticals industry, thus, dominates the North America blister packaging market, especially in the United States of America. The consumer market of blister packaging is majorly concentrated in the Western Europe. The growing demand in the region owes to the increasing population, especially the ageing population.
The other significant regions witnessing a growth in the demand for blister packaging include the Asia Pacific region, Latin America, and the Middle East and Africa. The healthcare industry in these regions is growing rapidly owing to the rapidly rising population, especially the old-age population. Among these regions, Latin America is likely to witness excellent growth in the forecast period.
In 2020, blister packaging alone accounted for more than 18% of the global pharmaceuticals packaging market. In the coming years, wallet packs are expected to witness a healthy demand growth. The components sector is dominated by the films. Based on types, compartment packs led the blister packaging market in 2020, holding around three-fourth of the market share.
In June 2020, Amcor (NYSE: AMCR), a major player in the market, entered a partnership with GSK and CAM-Partena to create a new as well as desiccated blister system, which has a special lidding foil. The product is called Formpack® Dessiflex Ultra, which would protect antibiotics from moisture.
Market Analysis by Component, Type, and Region:
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The major key players in the global blister packaging market include Cosmo Films Ltd., UACJ Corporation, Mitsubishi Plastics, Inc., Teijin Limited, UFlex Ltd., Amcor plc, Constantia Flexibles, Bemis Company, Inc, Winpak Ltd., CCL Industries, and Sealed Air Corporation. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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