Blister Packaging Market Regional Demand, Trends and Forecast To 2027Posted by rohit on March 30th, 2021 Market Overview Blister packaging is a type of packaging, which is used for small consumer goods products, medical devices, and pharmaceuticals, therefore it is categorized as unit dose packaging. Blister packaging is usually made from thermoforming of plastic sheet to form multiple blisters, a small pocket or cup to hold the product. Blister packs offer cost-efficient packaging solution for protecting the product from tampering and in avoiding exposure to external factors such as temperature, humidity, and others. The global blister packaging market was pegged at around 2,350 kilo tons, in 2018 and is expected to exhibit a CAGR of 4.2% over the forecast period (2019-2027), to surpass 3,400 kilo tons by 2027. Among regions, Asia Pacific held a dominant position in the global blister packaging market in 2018, accounting for 48% market share, in terms of volume, followed by Europe and North America, respectively. Asia-pacific is expected to grow substantially over the forecast period due to the rise in growth of the pharmaceutical industry in the region Request Sample Copy Of This Business Report:https://www.coherentmarketinsights.com/insight/request-sample/694 Market Dynamics On the basis of application, the global blister packaging market is segmented into consumer goods, electronics & semiconductors, pharmaceuticals, and others. In 2018, the consumer goods segment accounted for the highest market share, in terms of volume, owing to rise of demand for packaging solutions in consumer goods industry. Furthermore, on the basis of technology, the global blister packaging market is segmented into thermoforming and cold forming. The increasing usage of thermoformed plastic in packaging industry is expected to foster growth of global blister packaging market over the forecast period. Detailed Segmentation:
Major companies operating in the global blister packaging market include Amcor PLC, Blisters Inc., Honeywell International Inc., Blisterpak Inc., VisiPak, Sonoco Products Company, Powerpak Industries L.L.C., Clearwater Packaging Inc., Constantia Flexibles GmbH, Westrock Company, and Algus Packaging Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com Like it? Share it! More by this author |