North America to Prevail as Dominant Region in Global Pharma Blisters Packaging
Posted by Arslan on March 6th, 2019
In a recent forecast study and market analysis report by Fact.MR, the global market for pharma blisters packaging is assessed to expand at a CAGR of 5.6% in terms of volume during the forecast period 2017-2026. By the end of 2026, the global pharma blisters packaging market is pegged to touch a valuation of US$ 5 Bn.
Packaging products such as blisters and the materials used to manufacture them play a key role in pharmaceuticals industry in terms of product stability. Characteristics of blisters materials in eliminating the chances of bio-reactivity within the pharmaceutical ingredients elevates their end-use in the pharmaceuticals industry. Tablets and pills, which represent the most common form of pharmaceuticals, are being served across the globe in blister packs. The predominance of blister processes in the pharmaceutical packaging applications continues to drive the growth of the pharma blisters packaging market. Limitations of sachets and other packaging format further adds the utilization of blister packs in the packaging of pharmaceuticals.
Polyethylene terephthalate (PET, PETE, PETG or polyester) is expected to be preferred among materials for production of pharma blisters packaging during the forecast period. Relatively affordable costs and easy availability, along with added benefits such as ease of thermoforming are driving demand for polyethylene terephthalate for pharma blisters packaging production. Aluminum will also remain a lucrative material in the market.
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By the end of 2026, high-density polyethylene (HDPE) and aluminum will represent the two widely-used materials for pharma blisters packaging. Nevertheless, polyethylene terephthalate will register highest use as a key materials for manufacturing blister packs.
In 2018 and beyond, tablets will be the largest application in the global pharma blisters packaging market. By the end of 2026, more than 1,000 thousand tons of pharma blisters packaging products will be used in tablets applications across the globe. The report also estimates that throughout the forecast period, over 50% of the global pharma blisters packaging market volumes will be used in tablets applications.
The presence of many multinational and local players has made the global pharma blisters packaging market to be fragmented in nature. Intense competition is likely to prevail in the market on the back of occupancy of several established players competing in terms of financial stability, cost, quality, product features, innovation, and performance. Key players actively underpinning the market growth include Honeywell International, Inc., ACG Pharmapack Pvt. Ltd., Display Pack, Inc., West Rock Company, Winpak Ltd., Rohrer Corporation, Sonoco Products Company, Constantia Flexibles GmbH, Bemis Company, Inc., and Amcor Limited.Top Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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