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The Latin America blister packaging market size reached USD 1.14 billion in 2023. The market is projected to grow at a CAGR of 7.1% between 2024 and 2032, reaching almost USD 2.11 billion by 2032.
To prevent unintended incidences of poisoning among children, the pharmaceutical industry in Latin America is switching towards child-resistant blister packaging in which manufacturers utilise a coating of aluminium, along with PVC, PP, and coldform foils to make it difficult for children to access the medicine. This is expected to drive the Latin America blister packaging market growth in the forecast period.
Blister packaging is a low-cost solution for various industries and also has a smaller ecological footprint, which is expected to drive its demand among end users. Moreover, the integration of nanotechnology into the manufacturing processes of blister packets is likely to result in lesser weight and greater barrier protection for goods, thereby driving the Latin America blister packaging market growth.
Manufacturers are switching towards the usage of high-quality raw materials for blister packets. For instance, thermoform plastics that are resistant to the impact of chemicals and enhance the durability of blister packaging have gained high popularity as a raw material among manufacturers.
Rising concerns surrounding plastic waste are driving manufacturers towards sustainable materials, including fibre, paper and paperboard, and biodegradable plastics, for designing blister packaging. This is expected to accelerate the Latin America blister packaging market development. Moreover, as Latin American countries strengthen regulations surrounding the usage of eco-friendly packaging materials, the market is expected to witness significant growth over the forecast period.
Latin America Blister Packaging Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Material
Market Breakup by Technology
Market Breakup by End Use
Market Breakup by Country
The key market players are Honeywell International Inc., WestRock Company, Amcor Plc, Huhtamäki Oyj, Sonoco Products Company, Tekni-Plex, Inc., Constantia Flexibles International GmbH, KP Holding GmbH & Co. KG, and Nelipak Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Material |
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Breakup by Technology |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Blister Packaging Market Overview
8.1 Key Industry Highlights
8.2 Global Blister Packaging Historical Market (2018-2023)
8.3 Global Blister Packaging Market Forecast (2024-2032)
8.4 Global Blister Packaging Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Blister Packaging Market Overview
9.1 Key Industry Highlights
9.2 Latin America Blister Packaging Historical Market (2018-2023)
9.3 Latin America Blister Packaging Market Forecast (2024-2032)
10 Latin America Blister Packaging Market by Type
10.1 Carded
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Clamshell
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Latin America Blister Packaging Market by Material
11.1 Paper and Paperboard
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Plastic
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 Polyvinyl Chloride (PVC)
11.2.3.2 Polyethylene Terephthalate (PET)
11.2.3.3 Polyethylene (PE)
11.2.3.4 Others
11.3 Aluminum
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Latin America Blister Packaging Market by Technology
12.1 Thermoforming
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Cold Forming
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Latin America Blister Packaging Market by End Use
13.1 Healthcare
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Consumer Goods
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Industrial Goods
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Food
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Latin America Blister Packaging Market by Country
14.1 Brazil
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mexico
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Argentina
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Value Chain Analysis
17 Manufacturing Process
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Honeywell International Inc.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 WestRock Company
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Amcor Plc
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Huhtamäki Oyj
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Sonoco Products Company
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Tekni-Plex, Inc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Constantia Flexibles International GmbH
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 KP Holding GmbH & Co. KG
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Nelipak Corporation
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Blister Packaging Market: Key Industry Highlights, 2018 and 2032
2. Latin America Blister Packaging Market: Key Industry Highlights, 2018 and 2032
3. Latin America Blister Packaging Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Latin America Blister Packaging Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Latin America Blister Packaging Historical Market: Breakup by Material (USD Billion), 2018-2023
6. Latin America Blister Packaging Market Forecast: Breakup by Material (USD Billion), 2024-2032
7. Latin America Blister Packaging Historical Market: Breakup by Technology (USD Billion), 2018-2023
8. Latin America Blister Packaging Market Forecast: Breakup by Technology (USD Billion), 2024-2032
9. Latin America Blister Packaging Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Latin America Blister Packaging Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Latin America Blister Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Latin America Blister Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Latin America Blister Packaging Market Structure
The market was valued at nearly USD 1.14 billion in 2023.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 2.11 billion in 2032.
The different types of blister packaging in the market include carded and clamshell.
The different materials used in blister packaging include paper and paperboard, plastic, and aluminium.
The different technologies used for creating blister packaging in the Latin America market include thermoforming and cold forming.
The major regions in the market are Brazil, Mexico, and Argentina, among others.
The key market players are Honeywell International Inc., WestRock Company, Amcor Plc, Huhtamäki Oyj, Sonoco Products Company, Tekni-Plex, Inc., Constantia Flexibles International GmbH, KP Holding GmbH & Co. KG, and Nelipak Corporation, among others.
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